Explanation:
the famine was caused by several consecutice years of vad weather which directly damaged the crops and also favoured the insurgence of maladies such as the ruggine or wheat rust which later spread to France and to other parts of Europe.
Answer:
The beginning of the Great Depression in the United States is considered to be August 1929, when the industrial production index reached its peak. At that time, money was tightly tied to gold reserves, which limited the money supply. At the same time, production grew. At the turn of the century, new types of goods such as cars, planes, radios appeared. The number of goods in mass and by assortment has increased many times. As a result of the limited money supply and the growth of the commodity supply, strong deflation arose - a fall in prices, which caused financial instability, the bankruptcy of many enterprises, and loan defaults. A powerful multiplier effect has hit even growing industries.
From the standpoint of monetarism, the US Federal Reserve monetary policy triggered the crisis. A sharp decline in money supply by one third between August 1929 and March 1933 was a huge brake on the economy, and was the result of the incompetence of the Fed leadership.
This period was characterized, on the one hand, by very powerful technical changes, and on the other, by the abundance of capital, which allowed both updating capital and expanding stock exchange operations, as a result of which the speculative “bubble” increased.
Explanation:
The Progressive reformers, who goal it was to eliminate corruption in big business and government, were successful in bringing attention to some of these major problems, but were somewhat unsuccessful in making any real tangible changes before the Great Depression hit in 1929.
