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:
The economy plummeted sharply in 1973
Explanation:
The economy actually grew in 1973 by 5.65%, but then it fell sharply, and fell byn -0.5 in 1974.
The reason for this drop was the 1973 oil crisis, after several Oil-exporting Arab Nations, launched an embargo against countries that had supported Israel in the Yom Kippur War, among these, the United States.
This embargo was very negative for the American economy, because the United States depended on these Arab Nations for its oil supply. Oil became scarce, which made energy, fuel, gasoline, and so on, more expensive. This naturally depressed economic activity because producing goods or services was now more expensive, or even impossible.
The purpose of the League of Nations was to prevent through collective security and disarmament and settling international disputes through negotiation and arbitration. The League of Nations also wanted to take care of labor conditions, just treatment of native inhabitants, human and drug trafficking, arms trade, global health, prisoners of war and protection of minorities in Europe.
Answer:
Physical
Explanation:
It's more apparent since it's more visible
