European countries had to spend money supporting refugees fleeing the fighting.
The great crash was just one of the reasons that the US economy went into a long depression. The banks failing, and the decrease in purchasing power also had a part in leading the US into the long depression. The reason for this was that each economic issues fed into the next and there was no way to rebound.
The crash of the stock marketon October 29, 1929. This was the big event that caused a ripple effect leading to what is known as The Great Depression.
Hoover was the president when the Great Depression hit.
During the 4th century BCE, the state of Qin, one of the former territories of the Zhou kingdom, emerged as a power. Based on theories of a leading legalist, the Qin kingdom reformed its administration, economy, and military and became stronger as the Zhou empire weakened and eventually died in 256 BCE. Soon, the Qin had conquered the seven other warring states.
A reason one should care about the great depression is that such an event could possibly happen again. Economists, sociologists, and politicians can learn alot by studying the events leading up to the great depression and hopefully come up with ideas and plans to prevent such a catastrophic event in the future.
European countries had to spend money supporting refugees fleeing the fighting.
European countries had to spend money supporting refugees fleeing the fighting.
The great crash was just one of the reasons that the US economy went into a long depression. The banks failing, and the decrease in purchasing power also had a part in leading the US into the long depression. The reason for this was that each economic issues fed into the next and there was no way to rebound.
Whay is American and Japan leading in today's economy?
Answer this question… The scale of the destruction left much of Europe's infrastructure in need of rebuilding.
Depression.
The economy was based on the practice of slave-labour.
according to mawnser yes.
first
first
the economy slows down
For most people, it was. But the term "depression" describes an economic condition, not an emotional one. Any "depression" is a strong decrease in the amount of economic activity in a country or region, leading to lower production, lower employment, and lower capital investment. On a chart of such activity, the "depressed" part of the cycle is the deeply-lower "V" shaped area, where the economy dipped and then rebounded.