According to interdependence theory, individuals are dependent on their partners when their partner's performance surpasses our CLalt.
Over a four-decade period starting in the 1950s, Harold Kelley and John Thibaut created the interdependence idea.
<h3>Why do we need interdependence theory?</h3>
Interdependence theory examines the significance of structure for comprehending intrapersonal and interpersonal processes and uses a thorough analysis of situation structure to pinpoint the most crucial aspects of interpersonal settings.
Be Vulnerable & Develop Trust these two ideas complement one another and serve as the fundamental enablers of dependency. People need to be vulnerable enough to let others take control of or co-own some component of their success in order to be mutually dependent.
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The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. By 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. Though the relief and reform measures put into place by President Franklin D. Roosevelt helped lessen the worst effects of the Great Depression in the 1930s, the economy would not fully turn around until after 1939, when World War II kicked American industry into high gear.
