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 German depression after World War 1 had a significant impact on the country's economy and society. The Treaty of Versailles imposed heavy reparations on Germany, leading to hyperinflation and economic instability. This resulted in widespread poverty, unemployment, and social unrest. The depression also fueled political extremism, contributing to the rise of the Nazi party and ultimately leading to World War 2.
The single greatest effect of the Great Depression on the U.S. was the widespread economic hardship it caused, leading to unprecedented levels of unemployment and poverty. By the peak of the depression in 1933, approximately 25% of the workforce was unemployed, crippling families and communities. This economic crisis resulted in significant changes in government policy, including the implementation of the New Deal programs aimed at recovery and reform, which reshaped the role of the federal government in the economy. The societal impacts included a loss of faith in capitalism, leading to greater demand for social safety nets and economic intervention.
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.
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.
The German depression after World War 1 had a significant impact on the country's economy and society. The Treaty of Versailles imposed heavy reparations on Germany, leading to hyperinflation and economic instability. This resulted in widespread poverty, unemployment, and social unrest. The depression also fueled political extremism, contributing to the rise of the Nazi party and ultimately leading to World War 2.
The economy of Europe sank into a deep depression in the 14th century, known as the Black Death. This was a period of widespread economic hardship resulting from the devastating plague that killed millions of people, leading to a decline in trade, population, and productivity.
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.
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.
according to mawnser yes.
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