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Scilla [17]
2 years ago
7

What are five causes of the Great Depression, identify these causes and how they contributed to the largest economic decline of

the 20th Century. Responses should be 1 to 5 sentences, some responses will be shorter than others. Full sentences are encouraged, bullet points are acceptable.
History
2 answers:
Irina18 [472]2 years ago
8 0

The stock market went downhill that resulted to bankruptcy

People were fired because the companies didn´t make enough profit to distribute it to workers

People lost their homes so they had to be homeless or go to a homeless shelter.

vovangra [49]2 years ago
5 0

The first cause of the Great Depression was the Stock Market Crash of 1929. $14,000,000,000 of investments were lost, and two months later, that had increased to $40,000,000,000. The market lost 12% of its value on "Black Tuesday".

After the Stock Market Crash, 700 banks began failing in the late months of 1929. This eventually lead up to upwards of 3,000 banks completely crashing in 1930.

There was also a reduction in purchasing across the board. Most investments were worthless now. People's savings were diminished or gone altogether. Nobody could buy much. The unemployment gradually increased to soon be above 25%. Inventory was accumulating, and nobody could stop it at the time.

The government had to do something at this point, so they passed the Tariff Act of 1930. A tariff is a tax placed on something. The act raised this tariff in trade, and world trade fell by about 2/3.

The last cause was the environmental destruction. A drought had come along due to nobody bothering to use soil-preservation strategies. This prevented farmers from making money, therefore furthering the Great Depression that much more.

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Consider the benefits and negative effects of imperialism in Africa and Asia in the late 19th and early 20th centuries. Discuss
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The imperialism in Africa and Asia by the European countries had long lasting effects in big portions of these two continents, some being positive and some being negative.

The positive impacts were that the European imperialists built a lot of infrastructure in the countries they controlled. They also allowed the locals to be able to learn the Western ways of functioning, diplomacy, politics, the way their economy works. Multiple industries were developed, or at least the basics for them were set.

The negative impacts were the usage of the resources of the countries for the purpose of the European motherlands, thus taking the profit out of those countries. The borders set by the Europeans were in accordance to their interests, not the local populations, which created a very big problem further on when those countries gained independence, and lot of different ethnic groups and different religions found themselves in the same borders.

It is hard to evaluate which impact outweighing because there has been some countries that used very well the things that the Europeans left and thought them (China and Thailand for example), while others went into a direction to destroy everything the Europeans left and thought them (Zimbabwe and DR Congo for example).

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