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mr_godi [17]
3 years ago
7

4.3.8 practice: responses to the global depression

History
1 answer:
GalinKa [24]3 years ago
6 0
Responses to global depression should entail a concerted effort by governments around the globe to instill confidence in the global financial system and maintain stability of the monetary system. Confidence is important as it will help stimulate consumption which is critical in economic growth. Stability is vital in ensuring that investors do not resort to cash flight.
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English version:  

very much like today's times, people in the medieval period needed clothing, shoes, medicine, etc., on a regular basis. Thus, craftsmen of different occupation were vital for collective trade and business. For instance, tanners specialized in making leather, which was important to cobblers and shoemakers.

Explanation:

Hope it helps!

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