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NeX [460]
2 years ago
5

How did taxes lead to the Great Depression?

History
1 answer:
Fofino [41]2 years ago
7 0

Answer:

1. The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Depression.

2.Economy. During the first five years of the depression, the economy shrank by 50%. In 1929, economic output was $105 billion, as measured by gross domestic product.

Politics. The Depression affected politics by shaking confidence in unfettered capitalism. That type of laissez-faire economics is what President Herbert Hoover advocated, and it had failed.

Social. The Dust Bowl drought destroyed farming in the Midwest. It lasted 10 years—too long for most farmers to hold out. To make things worse, prices for agricultural products dropped to their lowest level since the Civil War.

Unemployment. In 1928, the final year of the Roaring Twenties, unemployment was 4.2%

3. The Great Depression (1929-1939) By spring of 1933, when FDR took the oath of office, unemployment had risen from 8 to 15 million (roughly 1/3 of the non-farmer workforce) and the gross national product had decreased from $103.8 billion to $55.7 billion. Forty percent of the farms in Mississippi were on the auction block on FDR's inauguration day.

4.hey are part of the larger debate about economic crises and recessions. The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a "panic sell-off" of assets. This was followed by a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread unemployment (over 13 million people were unemployed by 1932) and impoverishment. However, economists and historians have not reached a consensus on the causal relationships between various events and government economic policies in causing or ameliorating the Depression.

5. The Act and tariffs imposed by America’s trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Depression.

6. The first reference to trickle-down economics came from American comedian and commentator Will Rogers, who used it to derisively describe President Herbert Hoover’s stimulus efforts during the Great Depression. More recently, opponents of President Ronald Reagan used the term to attack his income tax cuts.

Explanation:

hope i helped

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By 2030 one in five people will be African. Combine the continent’s soaring population with technology, improvements in infrastructure, health and education, and Africa could be the next century’s economic growth powerhouse.

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Africa will account for more than half (54%) of the 2.4 billion global population growth in coming decades. The United Nations predicts that between 2015 and 2050, Africa will add 1.3 billion people, more than doubling its current population of 1.2 billion.

     

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As the above graph shows, Africa’s population will continue to grow even as Asia – currently the biggest regional driver of economic growth – begins to see its explosive population growth recede.

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As part of the continent’s phenomenal population growth, UNICEF predicts that 2 billion babies will be born in Africa over the next 33 years.

Nurses take care of newly born babies at Kisenyi health centre in Uganda's capital Kampala April 10, 2015. Kisenyi health center in Kampala, which delivers 600 babies a month, symbolizes the shift in Uganda which has seen the country invest more money in the healthcare system to make it accessible for the poorest, Save the Children said. Child deaths in Kampala fell faster than in any other African city between 2006 and 2011 - despite a large influx of refugees from war-torn neighboring states, the charity said in a report. Picture taken April 10, 2015. To match HEALTH-CHILDREN/UGANDA   REUTERS/James Akena - RTX1BM27      

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High fertility and improving child survival rates mean that by 2050, 40% of under-fives and more than a third of all children under 18 will be African. In 1950, only about 10% of the world’s children were African.

     

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The overwhelming majority of Africans today have access to a mobile phone service, but less than two thirds have access to piped water.

According to research by Afro Barometer, mobile phone networks have grown faster than any other area of core infrastructure over the past decade, increasing by nearly a quarter.

Sewerage, on the other hand, has remained relatively stagnant, with availability growing by just 8%. Less than one third of Africans currently have access to modern wastewater systems.

     

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Improved availability of mobile services and increasing smartphone ownership have helped propel Samsung to become Africa’s number one most admired brand.

The South Korean electronics giant is joined by rival smartphone manufacturers Apple, LG and Nokia in the top 10 of Brand Africa's 2016/17 list of Most Admired Brands in Africa. Only 16 African brands made the top 100, with just two in the top 20. Again, the top two most admired African brands are mobile-related: South Africa’s MTN and Nigeria’s Globacom (GLO). Both mobile service providers operate in multiple African nations.

     

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While African women are entrepreneurial, the overwhelming majority are paid less than their male colleagues.

Research by the UN shows that African women hold two thirds of all jobs in the non-agricultural informal sector, and on average only make 70 cents for each dollar made by men.

The UN estimates that discriminatory gender policies in sub-Saharan Africa cost the region up to $105 billion each year, or 6% of its GDP.

Explanation:

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IV. Eroded soil becomes useless for agriculture.

Both flooded territories and lands whose river beds are polluted or simply eroded by imbalances in agricultural activity, become unusable land for agriculture or land with low agricultural productivity.


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<em>brainly.com/question/884949</em>

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