In 1929, ongoing economic issues led to the stock market crash in the United States of America. This was the first signal for the coming Great Depression. The Wall Street crash happened in the month of October. This not only created economic problems for the United States but also for the European countries.<span />
Yes the government should have more control of the economy it could influence growth,employment and stability in prices otherwise we could go in inflation
I am pretty sure not 100% but I think your question is true
Developed countries rely on exports from developing economies. When developed countries purchasing power is impaired, it also affects the export based economies of the developing economies.