A Global Depression
The collapse of the American economy sent shock waves around the world. Worried American bankers demanded repayment of their overseas loans, and American investors withdrew their money from Europe. The American market for European goods dropped sharply as the U.S. Congress placed high tariffs on imported goods so that American dollars would stay in the United States and pay for American goods. This policy backfired. Conditions worsened for the United States. Many countries that depended on exporting goods to the United States also suffered. Moreover, when the United States raised tariffs, it set off a chain reaction. Other nations imposed their own higher tariffs. World trade dropped by 65 percent. This contributed further to the economic downturn. Unemployment rates soared.
Effects Throughout the World
Because of war debts and dependence on American loans and investments, Germany and Austria were particularly hard hit. In 1931, Austria’s largest bank failed. In Asia, both farmers and urban workers suffered as the value of exports fell by half between 1929 and 1931. The crash was felt heavily in Latin America as well. As European and U.S. demand for such Latin American products as sugar, beef, and copper dropped, prices collapsed.
After reading the text above, what do you think was the most significant impact of the Great Depression on the rest of the world? Explain why you made this choice.
Answers
Answer:
The most significant impact of the Great Depression on the rest of the world was the drastic decrease in world trade. The collapse of the American economy led to a sharp decline in the American market for European goods, and the U.S. Congress imposed high tariffs on imported goods. This protectionist policy was intended to keep American dollars in the United States and pay for American goods, but it backfired, as other nations responded by imposing their own higher tariffs. This caused world trade to drop by 65 percent, which contributed significantly to the economic downturn and led to high unemployment rates.
The decrease in world trade had a ripple effect, causing many countries that depended on exporting goods to the United States to suffer. Germany and Austria were particularly hard hit, given their war debts and dependence on American loans and investments. In Asia, both farmers and urban workers suffered as the value of exports fell by half between 1929 and 1931. Similarly, in Latin America, as European and U.S. demand for products such as sugar, beef, and copper dropped, prices collapsed.
Overall, the decrease in world trade had a significant impact on the global economy during the Great Depression, as it led to high unemployment rates, a decline in economic growth, and widespread economic hardship.
Related Questions
In what ways does the international system resemble Thomas Hobbes's view of the state of nature?
Answers
The international system resembles Thomas Hobbe's view of the state of nature in that "Stronger nations prey upon the weak." Hobbe's believed that the state of nature was anarchic and conflict prone whereby the strong would prey upon the weak. He would argue that this is what occurs in the international system today.
1. Write down 3 things that Joe Biden would like to do during his next term as president.
Answers
Answer:
Joe Biden wants to address health care disparities, toughen gun control, and provide free community college.
Explanation:
Who were Sam Houston and General Santa Anna?
Answers
Samuel Houston was an American statesman, politician and soldier. Born in the American state of Virginia, he was governor of the state of Tennessee. Houston was a key figure in the history of Texas, having a large share in the independence of that state of Mexico.
Better known as Santa Anna or López de Santa Anna, and nicknamed "the Napoleon of the West", he was a Mexican politician and military man who considerably influenced the government and ..
I hope this helps:)
Monica Ramirez and, Gary Dahl both saw business Opportunties and started new companies. Compare and Contrast Ramirez's response to the market with that of Dahl. Use a Venn diagram to help you organize your ideas.
Answers
Monica Ramirez was a Makeup Consultant. She consulted to fashion magazines and television. She identified a niche with Hispanic women and explored that gap to provide them with cosmetic products. This attracted investors and the business grew sustainably.
Gary Dahl also discovered what looked like an opportunity but was not based on real need. He applied business principles and made money. But because the foundations of the business was flawed in that it didn't meet any real need, it soon fazed away.
Both businesses were made possible by the Free Enterprise system.
Individuals and corporations have the flexibility to regulate themselves under free enterprise system.
It allows individuals and enterprises to develop, produce, and are able and willing, and enterprising people to make and sell things and services.
No one is forced to do what they feel is best for them under this society.
A private restaurant chain operating without government intervention is an example of free entrepreneurship, as is an individual beginning an internet business.
Competition in the market, private property, specialization, voluntary trade, a pricing system, and entrepreneurship are some of its characteristics.
Learn more about the Free Enterprise system:
https://brainly.com/question/20782413
#SPJ1
How did Grandpa meet with an accident?
Answers
Answer:
got hit by a truck and fell down a flight of stairs unfortunately he didn't make it
Answer:
He got hit by a car , and fell down
Which of the following was not highly respected in Spartan society? a) strength b) luxuries c) discipline d) equality
Answers
Answer:
Luxuries.
Explanation:
Which Statement best completes the diagram showing the development of modern democracy?
Answers
The statement that best completes the diagram on modern democracy is C- Democratic governments pass laws to protect human rights.
How did modern democracy develop?
Modern democracy came about as a result of having to protect the rights of people to elect their own government.
These rights were considered human rights and when laws came about that protected them, modern democracy was formed.
Find out more on modern democracy at https://brainly.com/question/11290319
#SPJ1
The statement that best completes the diagram is : ( C ) Democratic governments pass law to protect human rights
What is a democratic government ?A democratic government is a government whereby officials are been elected by the population through a democratic election. and are saddled with the responsibility of protecting human rights.
Hence we conclude that Democratic governments pass law to protect human rights
Learn more about democratic government : https://brainly.com/question/3710021
#SPJ1
5. Can this cartoon be used in any way to argue that alliances were a cause of WWI?
Answers
Answer:
Explanation:
Here is a picture of it
What economic gains did Alexander the Great obtain from conquering territories?
He acquired a system of taxation.
He obtained new forms of technology.
He developed new trading partners.
He no longer relied on the spice trade.
Answers
Answer:
C: He developed new trading partners.
Explanation:
Alexander the Great wanted to spread Greek culture towards the conquered territories.
The economic gains did Alexander the Great obtain from conquering territories were, He acquired a system of taxation. Thus option (C) is correct.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Alexander the Great obtain from conquering territories, As The Persian Empire was permanently destroyed by the Greek city-states and Alexander. More significantly, Alexander's conquests helped to disseminate Hellenism, or Greek culture, throughout his realm.
Therefore, The right option (A) is correct.
Learn more about economics here:
https://brainly.com/question/14787713
#SPJ6
Who can help me with my learning project for civics , lmk:)
Answers
Answer:
i can
Explanation:
What was the Copernican view of the universe?
Answers
Answer:
Model of the solar system centered the sun, with earth and other planets moving around it.
Explanation:
your welcome
what was De Soto's strategy for dealing with the excited Navtive Americans
Answers
Answer:
umm i think he was planning to put them into slavery... honestly i dont know
Explanation:
Better relationships with the Panamanian and West Indian construction workers that eventually became the primary labor force of the US
Permanent military alliances with Colombia and unrestricted access to their coffee supplies
Easier commercial shipping and faster naval responses to the Pacific
Longer quarantine periods and the invention of the malaria vaccine
Answers
Answer:
Tariffs.
Non-tariff barriers to trade.
Import licenses.
Export licenses.
Explanation:
How might the printing press and expansion of knowledge have affected cannon and fortress technology?
Answers
In the printing press, this ground-breaking technology spread information across the country. Although the effects of its modifications were not immediately obvious, the printing press technology's capabilities were.
What do you understand by the printing press?Johannes Gutenberg started developing a new printing press in 1436 that would allow fresh type blocks to be precisely molded from a standard template and would enable the production of finely printed volumes.
The development of a scientific community that could quickly share its discoveries through widely read scholarly publications was made possible in part by the invention of the printing press, which contributed to the beginning of the scientific revolution.
Page numbering, tables of contents, and indices all became commonplace since the printing process made sure that the same information appeared on every page.
Therefore, in the printing press, this ground-breaking technology spread information across the country. Although the effects of its modifications were not immediately obvious, the printing press technology's capabilities were.
To know more about the printing press, visit:
https://brainly.com/question/2295180
#SPJ1
Why would Ford have a hard time winning in the election of 1976?
Answers
Answer:
Ford had a hard time winning in the election of 1976 because:
1.Ford lacked the strong hold on voter's emotions that most incumbents had
2.Watergate scandal may have some bearing on defeat of Ford as well
Answer:
Ford’s pardoning of Nixon was very unpopular.
The economy was experiencing a recession and inflation and Ford seemed unable to fix the problems.
Ford’s opponent, Jimmy Carter, was seen as an honest politician compared to the abuse of power seen in the Nixon administration.
Explanation:
Which of the following is not a reason that 1757 was
an important turning point?
A. The East India Company was able to establish a puppet ruler to help themcontrol India
B. Robert Clive was killed in battle
C. Competition from the French East India Company was removed
Answers
Answer:
B. Robert Clive was killed in battle
Vhich time period is referred to as the "Temple Mound Period?"
a. Paleo
b. Archaic
c. Woodland
d. Mississippian
Answers
Answer:
I believe it´s D. Mississippian
Hoped I helped -
Sleepy~
How can we explain the fact that in many colonies indentured servitude and slavery existed as the same time?
Answers
The coexistence of indentured servitude and slavery in many colonies can be explained by the economic and labor demands of colonial societies. While slavery was a more permanent and dehumanizing form of labor exploitation, indentured servitude provided a less costly and more flexible source of labor that could be used to meet immediate labor demands.
In many colonies, European colonizers established large plantations and needed a significant amount of labor to cultivate crops such as tobacco, cotton, and sugar. While they initially relied on indentured servants from Europe to meet their labor needs, these laborers were expensive and had limited terms of service. As the demand for labor increased, plantation owners turned to enslaved Africans who were brought to the colonies in large numbers.
Slavery provided a source of labor that was cheap and almost permanent. Enslaved Africans were considered property and had no rights, which made them a desirable source of labor for plantation owners.
To know more about slavery , click here.
https://brainly.com/question/9331183
#SPJ1
What is the name of this fighter jet
Answers
Answer:
The Northrop F-5 is a family of supersonic light fighter aircraft. This is an F-5E model of the Swiss Air Force.
Where did Progressives want to see change occur?
A. In American churches
B. In international trade
C. In national elections
D. In social conditions
Answers
Progressives were a diverse group of reformers in the United States during the late 19th and early 20th centuries who wanted to see changes in social and political conditions. They believed that government had a responsibility to address the social problems that were created by industrialization, urbanization, and immigration.
The early Roman Republic (509–264 BCE) and the preceding regal period (753–509 BCE) are the most poorly documented periods of Roman history. Historical writing in Rome did not begin until the late 3rd century BCE, when Rome had already completed its conquest of Italy, established itself as a major power of the ancient world, and became involved in a gigantic struggle with Carthage for control of the western Mediterranean. The earliest Roman histories were brief résumés of facts and stories, but gradually historians embellished the sparse factual material (such as the list of annual magistrates from the beginning of the republic onward, religious records, and the texts of some laws and treaties) with both native and Greek folklore. Consequently, over time, historical facts about early Rome suffered from patriotic reinterpretation involving exaggerations of the truth, the suppression of embarrassing facts, and invention.
Ancient Roman historians initially differed over the precise date of Rome’s foundation. By the end of the republic, however, it was generally accepted that Rome had been founded in 753 BCE and that the republic had begun in 509 BCE, following the overthrow of Lucius Tarquinius Superbus, the last of Rome’s seven kings. According to tradition, the first six kings had been benevolent rulers, but the last was a cruel tyrant who was overthrown by a popular uprising.
How do you think historians guessed when Rome was founded?
Answers
Answer:
Most likely records of trade, laws that were passed during that time any sorts of documents such as taxes even
Germany disobeyeused its small fleet of 27 subs. On February 4, 1915 Germany declared area around British Isles a war zone. Unterseeboot (U-Boats) would operate freely. Germans warned Americans not to travel on British ships.
America
Britain
Global Law
international law
Answers
Germany's decision to disobey international law and use its fleet of 27 submarines, known as U-Boats, freely in the war zone around the British Isles directly impacted several entities, including America, Britain, and the concept of international law.
Germany's actions challenged the principles of international law and had significant consequences for the parties involved.
Germany's declaration of the war zone and the unrestricted submarine warfare posed a threat to American citizens and British ships. The warning issued by the Germans to Americans not to travel on British ships highlighted the potential danger and risk to American lives. This ultimately influenced America's stance and later entry into World War I.
Britain, being the targeted area for the unrestricted submarine warfare, faced increased risks and challenges in defending its maritime interests. The threat from German U-Boats impacted British shipping, trade, and military operations, leading to significant losses and casualties.
Moreover, Germany's disregard for international law and its aggressive actions in the war zone challenged the principles and norms established by the global community. International law aims to maintain peace, protect human rights, and regulate the conduct of nations during times of conflict. Germany's actions in violating international law undermined the global order and set a precedent for the violation of established rules and agreements.
In summary, Germany's disobedience of international law and the use of U-Boats in the war zone had far-reaching implications for America, Britain, and the concept of international law itself. It directly affected the safety of American citizens, disrupted British maritime operations, and posed a challenge to the established principles of global governance.
For more questions on U-Boats
https://brainly.com/question/30186660
#SPJ8
khi thất bại ở Đà Nẵng và Gia Định với chiến lược “đánh nhanh thắng nhanh”, thực dân Pháp đã chuyển sang chiến lược nào?
Answers
36 divided by m over x times 9
Answers
As per the given information, the expression simplifies to 324x/m.
To simplify the expression 36 ÷ (m/x) × 9, we can start by simplifying the division and multiplication operations step by step.
First, let's rewrite the expression using fractional notation: 36 ÷ (m/x) × 9 can be written as 36 * (x/m) * 9.
Next, we can simplify the multiplication of the numbers: 36 * 9 equals 324.
Now, let's simplify the variables: (x/m) * (m/x) equals 1.
Therefore, the simplified expression is 324 * 1, which is equal to 324.
In conclusion, the expression 36 ÷ (m/x) × 9 simplifies to 324x/m.
For more such questions on Expression:
https://brainly.com/question/1841718
#SPJ8
Which contributed to the Battle of Stalingrad becoming a turning point in the war? Check all that apply.
Answers
The most that contributed to the Battle of Stalingrad becoming a turning point in the war is that The German army exhausted all of their supplies.
What was Battle of Stalingrad ?One of the Second World War's most important engagements on the Eastern Front was Stalingrad. In and around this strategically significant city on the Volga river, which bore the name of the Soviet dictator, Josef Stalin, the Soviet Union dealt a devastating blow to the German Army.
Learn more about war at;
https://brainly.com/question/24992590
#SPJ1
complete question;
Which most contributed to the Battle of Stalingrad becoming a turning point in the war? The German army exhausted all of their supplies. Which best explains why the Allies employed the Europe First strategy during World War II? The Allies wanted to ensure that Germany did not continue to conquer European territory.
Jamestown colony location?
Answers
Answer:
Nonetheless, studies have shown that there were aspects of slave culture that differed from the master culture. Some of these have been interpreted as a form of resistance to oppression, while other aspects were clearly survivals of a native culture in the new society. Most of what is known about this topic comes from the circum-Caribbean world, but analogous developments may have occurred wherever alien slaves were concentrated in numbers sufficient to prevent their complete absorption by the host slave-owning or slave society. Thus slave culture was probably very different on large plantations from what it was on small farms or in urban households, where slave culture (and especially Creole slave culture) could hardly have avoided being very similar to the master culture. Slave cultures grew up within the perimeters of the masters’ monopoly of power but separate from the masters’ institutions.
Religion, which performed the multiple function of explanation, prediction, control, and communion, seems to have been a particularly fruitful area for the creation of slave culture. Africans perceived all misfortunes, including enslavement, as the result of sorcery, and their religious practices and beliefs, which were often millennial, were formulated as a way of coping with it. Myalism was the first religious movement to appeal to all ethnic groups in Jamaica, Vodou in Haiti was the product of African culture slightly refashioned on that island, and syncretic Afro-Christian religions and rituals appeared nearly everywhere throughout the New World. Slave religions usually had a supreme being and a host of lesser spirits brought from Africa, borrowed from the Amerindians, and created in response to local conditions. There were no firm boundaries between the secular and the sacred, which infused all things and activities. At least initially African slaves universally believed that posthumously they would return to their lands and rejoin their friends.
Black slaves preserved some of their culture in the New World. African medicine was practiced in America by slaves. The poisoning of masters and other hated individuals was a particularly African method of coping with evil.
Answer: Virginia
Explanation:
Which of the following is incorrect about globalization
Select one:
a. Expansion of global communication and information
technology
b. Economic interaction between countries
c. Increase in international travel and tourism
d. Decrease of global poverty and starvation
Answers
Answer:
b) Economic interaction between countries
Explanation:
b) is the answer because
globalization is about interaction in countries
Answer: it's B
Explanation:
which of the following was true about germany after World War I
Answers
Why does the Liberty Bell have a crack in it?
Answers
Answer:
Because the metal was too brittle, it cracked during a test strike.
Explanation:
An important example of land modification in Southeast Asia is the creation of __________, because they produce a product that is used and needed around the world.
A. palm oil plantations
B. copper mines
C. cotton fields
D. cow dairies
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. Palm Oil Plantation.
Explanation:
Answer:
Explanation:
A. Palm Oil