The transition economy might have problems with rising unemployment, inflation, lack of entrepreneurship and skills, corruption, lack of legal system, moral hazard and inequality. With these problems that the transition economy will have, it might turn foreign investors and will not invest.
If somebody had done well saving their money, he/she was not immune to the problems of the Great Depression as many families did without necessities milk or meat, neglected medical and dental care to save money.
<h3>What major factors contributed to the Great Depression?</h3>
The prolonged period of the economy's downturn following the 1929 stock market crash is referred to as the "Great Depression." High unemployment rates, declining stock prices, and decreased demand for raw resources for production were all effects of this time period.
After the 1929 stock market catastrophe, which paralyzed Wall Street and destroyed millions of investors, it started. The following few years saw a reduction in consumer spending and investment, which led to a sharp decline in industrial output and employment as faltering businesses laid off people.
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Our Constitution’s Fourth Article is devoted to the relations between the states and the Union. Section 2 of that Article sets forth three Clauses, each of which concerns the movement of persons throughout the Union. The first of these, the Privileges and Immunities Clause, stipulates that the citizens of each state shall enjoy the “privileges and immunities of citizens” in the other states. Conversely, where the interstate traveller is a fugitive from criminal justice, the second provision he Extradition Clause requires the person’s forcible rendition to the state where the alleged crime occurred. Finally, the Fugitive Slave Clause (now obsolete) extended this rule of coercive rendition to interstate fugitives from slavery that is, fugitives from injustice.
Do you mean where they were located or what they are?
