Answer:
How did the Great Depression affect the economy?
How did the Great Depression affect the American economy? In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent. The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits, and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries as high as 33%. The key factor in turning national economic difficulties into worldwide Depression seems to have been a lack of international coordination as most governments and financial institutions turned inwards. ... The Depression caused the United States to retreat further into its post-World War I isolationism.
Explanation:
Answer:
Mercantilism was an economic doctrine from 1500's through the 1700's that espoused strict control of international trade as a means to greater economic and political power. By decreasing imports and increasing exports, gold would flow into the country at the expense of trading partners, thus weakening economic opponents and strengthening the mother country. This doctrine is apparent in the relationship between Great Britain and the colonies of North America who were viewed as a source of raw materials and an additional market for manufactured goods. Do you think that elements of present day US foreign trade policy mimic mercantilism policy? Be sure to explain your point of view and give specific examples
Explanation:
Mercantilism was an economic doctrine from 1500's through the 1700's that espoused strict control of international trade as a means to greater economic and political power. By decreasing imports and increasing exports, gold would flow into the country at the expense of trading partners, thus weakening economic opponents and strengthening the mother country. This doctrine is apparent in the relationship between Great Britain and the colonies of North America who were viewed as a source of raw materials and an additional market for manufactured goods. Do you think that elements of present day US foreign trade policy mimic mercantilism policy? Be sure to explain your point of view and give specific examples
Answer:
This is because it will teach them to cultivate efficiently and means the produce can be exported and thus can increase development at it brings in more money and can help improve a country's GNI
Explanation:
Um where are the answers it would help if they were there
