Great Depression was mostly experienced by most of the countries in the period of 1930. It had demoralizing effects on the economy by dropping levels of the Gross Domestic Product. The personal income, tax revenue had hit the lowest level in the nation.
Giving Over extension of loans by the banks in order to cope the depression was the erroneous federal policy at the time of depression. It also resulted in various other impacts such as people were unable to pay off the loans. This financial disruption made the banks to close.
This led to stocking of money by the people that resulted in the stagnation of the money flow and the loss of confidence to lend and borrow money. This also reduced the value of money causing disequilibrium in the economy.
Answer: MY THOUGHTS ARE THIS IS A STRONG QUOTE IT HAS A LOT OF POWER AND REASONING AND THEN JUST ADD MORE WITH your thoughts on this quote
Explanation:
Answer: theory/concept of natural state.
Explanation: Modern times (in philosophy usually associated with René Descartes, who died in 1650, i.e. times when so-called modern philosophy was initiated) mark the beginning of non-religious explanation of society. It means that social philosophers no more refer to Bible and Biblical mythology as their primary resource. Instead of that they work with the fiction of "natural state". These theories are usually called theories of natural state and within these concept one can find not only concept of human nature (as a part of modern philosophical anthropology) but also so called "natural rights" of men. It is especially Locke and Hobbes that mark that period in this respect, but also bit younger Jean Jacques Rousseau.
