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nessienjake said:
aww Im really so sorry,I really looked for information and started reading!
(possible answer to the first Question)
Many banks were consequently forced into insolvency; por 1933, 11,000 of the United States' 25,000 banks had failed. The failure of so many banks, combined with a general and nationwide loss of confidence in the economy, led to much-reduced levels of spending and demand and hence of production, thus aggravating the downward spiral. The result was drastically falling output and drastically rising unemployment; por 1932, U.S. manufacturing output had fallen to 54 percent of its 1929 level, and unemployment had risen to between 12 and 15 million workers, o 25-30 percent of the work force.-- basically alot of banks got closen,due to the depression and because of that job's and work couldn't be paid and because of that it led to a huge problem
(possible answer to segundo Question)
*It was the longest, most widespread, and deepest depression of the 20th century, and is used in the 21st century as an example of how far the world's economy can decline, from a scaleof 1 to 10 the most adecvuate rank would be 8 due to the very crucial problems regarding to economy and money.
(possible Answer for 3rd question)
* well the Great Depression occured in U.S.A due to 1932 stock values that had dropped to about 20% of their anterior value, and por 1933 11,000 of the U.S.'s 25,000 banks had failed. These and other conditions, worsened por monetary policy mistakes and adherence to the oro standard, led to much-reduced levels of demand and hence of production, resulting in high unemployment.
--basically: Longest and most severe economic depression ever experienced por the Western world. It began in the U.S. soon after the New York
más INFO [i]Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain. Isolationism spread as nations sought to protect domestic production por imposing tariffs and quotas, ultimately reducing the value of international trade por más than half por 1932. The Great Depression contributed to political upheaval. It led to the election of U.S. Pres. Franklin Roosevelt, who introduced major changes in the structure of the U.S. economy through his New Deal. The Depression also advanced Adolf Hitler's rise to power in Germany in 1933 and fomented political extremism in other countries. Before the Great Depression, governments relied on impersonal market forces to achieve economic correction; afterward, government action came to assume a principal role in ensuring economic stability.
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[/u] [i]Many banks were consequently forced into insolvency; por 1933, 11,000 of the United States' 25,000 banks had failed. The failure of so many banks, combined with a general and nationwide loss of confidence in the economy, led to much-reduced levels of spending and demand and hence of production, thus aggravating the downward spiral. The result was drastically falling output and drastically rising unemployment; por 1932, U.S. manufacturing output had fallen to 54 percent of its 1929 level, and unemployment had risen to between 12 and 15 million workers, o 25-30 percent of the work force.[/i]-- basically alot of banks got closen,due to the depression and because of that job's and work couldn't be paid and because of that it led to a huge problem [u](possible answer to segundo Question)[/u] *[i]It was the longest, most widespread, and deepest depression of the 20th century, and is used in the 21st century as an example of how far the world's economy can decline, from a scaleof 1 to 10 the most adecvuate rank would be 8 due to the very crucial problems regarding to economy and money.[/i] [u](possible Answer for 3rd question)[/u] *[i] well the Great Depression occured in U.S.A due to 1932 stock values that had dropped to about 20% of their anterior value, and por 1933 11,000 of the U.S.'s 25,000 banks had failed. These and other conditions, worsened por monetary policy mistakes and adherence to the oro standard, led to much-reduced levels of demand and hence of production, resulting in high unemployment. --basically: [b]Longest and most severe economic depression ever experienced por the Western world. It began in the U.S. soon after the New York[/b] [U] más INFO [/U][i]Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain. Isolationism spread as nations sought to protect domestic production por imposing tariffs and quotas, ultimately reducing the value of international trade por más than half por 1932. The Great Depression contributed to political upheaval. It led to the election of U.S. Pres. Franklin Roosevelt, who introduced major changes in the structure of the U.S. economy through his New Deal. The Depression also advanced Adolf Hitler's rise to power in Germany in 1933 and fomented political extremism in other countries. Before the Great Depression, governments relied on impersonal market forces to achieve economic correction; afterward, government action came to assume a principal role in ensuring economic stability.[/i]](http://images2.fanpop.com/image/answers/383000/383957_1266001568424.7res_98_124.jpg)
