Topic: The Great Depression
Printed From: History Community ~ All Empires
Category: General History
Forum Name: General World History
Forum Discription: All aspects of world history, especially topics that span across many regions or periods
URL: http://www.allempires.com/forum/forum_posts.asp?TID=37759
Printed Date: 28-Apr-2024 at 03:33
Software Version: Web Wiz Forums 9.56a - http://www.webwizforums.com
Topic: Topic: The Great Depression
Posted By: lucia rakan
Subject: Topic: The Great Depression
Date Posted: 11-Oct-2018 at 10:19
| Anyone can tell me how the Great Depressions came about in details? sorry i cant really remember the dates. but basically i need to be enlightened on how they came about. Thanks guys and girls |
Replies:
Posted By: medenaywe
Date Posted: 11-Oct-2018 at 11:26
Search there is site for it!At least archive.Diletanr moves in economy can put us again on this road!Covfefe,! ------------- Na"De"Na"J=From Worshiping =Praising God-Compensation=Refund=Tax-Bank=Money=Cash=Coin originated-positioned-suited... Population=People-Mortality=Lethality-Action=Activity=Business=Trade=Culture(Ja) |
Posted By: Arthur-Robin
Date Posted: 11-Oct-2018 at 19:39
|
"One of the strangest features of industrial development (industrial revolution) ... was the occurence of depressions. The industrialised countries, for some hundred years, suffered from alternating conditions of boom and stagnation spread over periods of 7 to 10 years-- the so-called 'trade-cycle'. .... ... the industrial economy had produced a new class-- propertyless.... .... The connection between the occurence of depression and political events can easily be exagerated. ...." Prices rose/peaked in USA & UK around the times of the Napoleonic wars, the American civil war, and the Great War / WW1; and prices fell/bottomed between/before these wars. "Europe ruined by the Great War (WW1) in the 1920s underwent galloping inflation...." "the more money there is the less it is worth" (inflation, prices rise), "the less money there is the more it is worth" (deflation, prices drop). ("Whether central banking is the cure is open to doubt.") "... uncontrolled inflation leads to a boom and a slump." "It was the Western powers who ultimately undermined the German economy. .... Britain believed that the collapse of the (Reichs/Deutsch) mark was caused by the burden of (war) reparations. ... she (Britain) asked that her own debts and those of other European powers should also be suspended. This America refused. Instead in 1924 a committee headed by Dawes laid down a fixed timetable for paying reparations.... A massive imbalance was created in the international economy as more and more resources of Europe were diverted to debt repayment and interest, reducing the market for industrial goods. The stage was set for the Great Depression, which was finally to complete the process began by the Great War...." "thralldom of interest" "One commodity controls all" (Gold Standard) "The Great Depression began with a spectacular fall in share prices on the New York stock exchange in 1929: followed by a collapse of banks all across America between 1929 and 1932.... Inevitably other forms of economic activity were severely effected by the lack of capital and credit; international trade slumped.... Equally inevitably this decline in output and sales led to unemployment...." "The Great Depression ... ended the loans that enabled Germany to pay her war debts. The world was so interlocked that increasingly the affairs of one had become the affairs of all. .... Unemployment was highest in industrial areas and in countries which had depended on trade." "Love of Mammon/money is the root of all evil." https://en.wikipedia.org/wiki/Great_Depression ------------- NZ's mandatory fluoridation is not fair because it only forces it on the disadvantaged/some and not on the advantaged/everyone. |