what caused the great depression and how did different countries respond to it ?

Answers

Answer 1

Answer:

Global Spread: Gold Standard

The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately. Although financial leaders in England, as in the United States, vastly underestimated the extent of the crisis that would ensue, it soon became clear that the world’s economies were more interconnected than ever. The effects of the disruption to the global system of financing, trade, and production and the subsequent meltdown of the American economy were soon felt throughout Europe.

The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and a monetary contraction first-hand were forced to join the deflationary policy, since higher interest rates in countries that did so led to a gold outflow in countries with lower interest rates. Under the gold standard, countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and the domestic price level to decline (deflation).

The Great Depression hit Germany hard. The impact of the Wall Street Crash forced American banks to end the new loans that had been funding the repayments under the Dawes Plan and the Young Plan. The financial crisis escalated out of control and mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil.

Some economic studies have indicated that just as the downturn was spread worldwide by the rigidities of the Gold Standard, it was suspending gold convertibility (or devaluing the currency in gold terms) that did the most to make recovery possible.

Every major currency left the gold standard during the Great Depression. Great Britain was the first to do so. Facing speculative attacks on the pound and depleting gold reserves, in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets.

Great Britain, Japan, and the Scandinavian countries left the gold standard in 1931. Other countries, such as Italy and the U.S., remained on the gold standard into 1932 or 1933, while a few countries in the so-called “gold bloc,” led by France and including Poland, Belgium, and Switzerland, stayed on the standard until 1935–36.

According to later analysis, how soon a country left the gold standard reliably predicted its economic recovery. For example, Great Britain and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer.


Related Questions

How did the Berlin Conference affect 19th-century European imperialism in Africa?​

Answers

Explanation:

In conclusion, The Berlin conference was significant due to the major role it had in the colonization of Africa. It gave European nations the opportunity to take control of Africa and disregard the Natives that were there before them and just do what they wanted to do.

During WWII, what did they call the
women that worked in the factories?
A. Able Annie
B. Can Do Katie
C. Patriotic Pattie
D. Rosie the Riveter

Answers

The answer is D. Rosie the Riveter.

Answer:

They called women working in the factory during World WarII (d) Rosie the Riveter

Explanation:

These women worked with men in the factories on airfields, and on farms. These women helped build ship, aircraft parts produced ammunitions, and war supplies.


If you were one of the inhabitants of the Mediterranean climatic region, what economic activities would you follow? why?​

Answers

Lllllllkkkkkkkkkllllsjsnsosjskqosjxjxi

When Texas joined the United States in 1845, Texas was
1. a Mexican state.
2. a US territory.
3. a Spanish colony.
4.an independent nation.​

Answers

Answer:

4. an independent nation

Explanation:

It became its own country, called the Republic of Texas, from 1836 until it agreed to join the United States in 1845.

Answer:

4 an independent nation

The Espionage and Sedition Acts of 1917 and 1918
A.were not supported by the United States government.
B.were passed by Congress after World War I ended.
C.targeted spying, dissent, and disapproval of the war.
D.stopped the production of war materials.

Answers

C. Targeted spying, dissent, and disapproval of the war.

Explanation:

The Espionage and Sedition Acts of 1917 and 1918 targeted spying, dissent, and disapproval of the war.

During World War I, some anti-war activism was occurring and some people were against the war. In order for people to not be swayed by this activism and to continue to support the war, President Woodrow Wilson and Congress decided to pass the Espionage and Sedition Acts of 1917 and 1918.

The Espionage and Sedition Acts of 1917 and 1918 made it illegal to promote anti-war agenda or say anything bad against the United States government. A lot of people did not agree with these acts and said they were against the Constitution and violating freedom of speech. The Sedition Act got repealed in 1921 but caused many people to get arrested.

Answer:

C. Targeted spying, dissent, and disapproval of the war.

Explanation:

The Espionage and Sedition Acts of 1917 and 1918 Targeted spying, dissent, and disapproval of the war.

The United Nations was the first multinational institution to govern FDI beginning in the 1930s. True False

Answers

Answer:

True.

Explanation:

The given statement asserts a true claim that the U.N. turned out to be the first Multinational Institution for administering the beginning of Foreign Direct Investment in the early twentieth century. During the 1930s, the foreign direct investment dropped significantly after the 'Great Depression.' Therefore, the United Nations took the initiative to bring the world out of this financial crisis by overviewing the investments across the globe and assessed the nations having maximum participation in FDI and their activities. Thus, the statement is true.

Which voter is most likely to be well informed on current public issues?
A. Raul, who votes in every election, both national and local
B. Geoffrey, who mostly watches cable news channels that share his
point of view
C. Andria, who only votes in elections when she strongly supports a
candidate
O D. Myung, who makes an effort to understand all sides of an issue

Answers

the answer is D. Myung

which person is a noncitizen

Answers

Answer:

Option (D) is correct

Explanation:

Answer:

option (D) is correct answer

What kinds of people did the Nazis persecute? (oppress or subject to cruel/unusual punishment)?

Answers

Answer:

The Jewish

Explanation:

Answer:

It was the Jewish people.

Explanation:

The German Nazis oppressed and often gave punishment to the Jewish people. The Nazis don't want Judaism to rise.

Which invention did not lead to industrial growth?

A. Electricity

B. Telephone Services

C. Advertising

Answers

Answer: B the telephone services

Explanation:

who created a strong monarchy in england in 11th century?​

Answers

Answer:

King William II

Answer:

Explanation:

Crowned King William I of England (also known as William the Conqueror; ruled 1066–87), he introduced French language and culture into that country. The Capetians gradually extended their control over the duchies of France during the eleventh and early twelfth centuries.

What agreement attempted to address a crisis over slavery?

The Adams-Onis Treaty

The Northwest Ordinance

The Treaty of Ghent

The Missouri Compromise

Answers

Answer:

think so the first one will be the ans

Answer:

Late but the answer is the Missouri Compromise

Explanation:

Took the test got it right hopefully it helps in the future

Nero became the Roman emperor in 54 CE. Where
should this event be placed on the timeline?
after Julius Caesar's assassination
O between the Punic Wars and Julius Caesar's
assassination
O between Alexander the Great's conquest and the
beginning of the Punic Wars
O before Alexander the Great's conquest of Persia

Answers

Answer: After Julius Caesar's assassination

Explanation:

Nero becoming emperor of Rome can only be placed after Julius Caesar's assassination because Rome only became an empire after his son, Augustus, made it one, after Caesar's assassination even though it was Caesar who paved the way for the establishment of an empire.

The Punic wars were quite a number of years before Caesar was born and Alexander the Great existed even before that.

ano ang pista??_________

Answers

Ang pagdiriwang ay isang kumpetisyon ng mga kanta ng isa o maraming mga istilo, maaari silang ihalo o natatangi, sa pangkalahatan ay isinaayos ng isang lokal na pamayanan o ng isang munisipalidad. Ang ugat ng salitang Fest Nakukuha mula sa German fest. ... Sa mitolohiya, ang pagdiriwang ay isang hanay din ng mga pagdiriwang bilang parangal sa mga diyos.

What were two effects of the invention of the compass on China during the Middle Ages?

Answers

Answer: It enabled the chinese people to navigate the seas and participate in sea trades.

Explanation:

It insipired china to expand It's army and conquer more territory

The map shows the spread of religions across Europe in the 1500s. Map of Religions in Europe in 1560. Roman Catholic, Lutheran, Calvinist, Anglican, Eastern Orthodox, Mixed, Calvinist, Islam and Catholic religions are shown. The latter 3 are in the minority. Based on the map, which had occurred by 1560?

Answers

Answer:

- The Calvinist faith had spread from Switzerland to other parts of Europe.

Explanation:

Calvinism is described as the Christian religious tradition that is based upon the doctrines and forms of Christian practice of several Protestant reformers. One of its key characteristics is the 'Augustinian Doctrine of Predestination' which says that God has chosen some for salvation irrespective of their deeds or faith.

As per the information provided by the map, 'the Calvinist faith had stretched its boundaries to various parts of the Europe along with Switzerland.' This spread lead to significant alterations in the development of distinct structures of Churches and their reformation as the Catholic beliefs of began to be questioned. They started feeling that giving authority to the Pope or Priests is leading to the abuse of power and taking them away from the truth as mentioned in the Bible.

Answer:

it is C,

France had become mostly Calvinist as a result of Calvinism spreading across central Europe.

Hope this helps

Explanation:

World War Two propaganda poster for buying war bonds. Children hold toy airplanes, flags, and dolls with a swastika shadow over them.
What message does this poster try to convey to the viewer?

Children also can participate in the war effort.
Children will be safe if Americans buy war bonds.
Increased production of goods will help win the war.
Joining the military will help defeat the Axis powers

Answers

Answer:

B (sorry had to correct lol)

Explanation:

The looming swastika shadow over children doing average things appeals to parents' sense of protection of their children. "If you don't buy war bonds, the nazis will get your children!", basically

Answer:

B

Explanation:

edg

Which period immediately follows the writing of the constitution in the lesson overview?

Answers

A new nation; the constitution was one of the founding documents of the united states, so then it created a new nation
The correct answer is 3. A New Nation, the Constitution was written to be one of the founding documents for the United States . It makes sense for it to precede the "New Nation" era.

What is the significance of
General Grant taking the city of
Vicksburg?
A. It was the hometown of General Stonewall
Jackson
B. It was the city where the Civil War began
C. It was one of two supply cities for the
Confederates
D. It was a port city where all of the Confederate
navy was located

Answers

The significance of taking over Vicksburg is that  It was one of two supply cities for the Confederates.

Why was the battle of Vicksburg important?

This battle was important for the Union army because the town Vicksburg was around the Mississippi river area.

Taking over the city meant cutting the supplies that used to come to the confederate army during the American civil war.

Read more on the battle of Vicksburg here:

https://brainly.com/question/24263371

#SPJ1

Answer: C. It was one of two supply cities for the

Confederates

Hawaii
Guam
Philippines
Puerto Rico
?
Which of the following best completes the diagram above?
A. Sources of Renewed Sectional Conflict
B. Prison Camp Sites During the Spanish-American War
C. Locations Adopting American-Style Democracy
D. Territories Expanding the Reach of U.S. Military Power

Answers

Answer:

D

Explanation:

Territories Expanding the reach of U. S. Military power

why malaysia has many rivers ?​

Answers

Malaysia has 189 river basins - 89 in Peninsular Malaysia, 78 in Sabah and 22 in Sarawak. All the rivers originate and flow from the highlands.

Which statement best describes a similarity between the political systems in Ancient Greece and the Roman Republic

Answers

Answer:

Both avoided centralizing political power in the hands of one person. Explanation: This is the statement that best describes a similarity between the political systems in ancient Greece and the Roman Republic. Both systems avoided centralizing power in the hands of one person.

Explanation:

the Roman's conqured territory in all of the following regions except

plz help :')​

Answers

Answer:

The Roman's conquered territory in all of the regions except East Asia

Explanation:

Why didn't they conquer East Asia? They didn't expand far into Asia for a variety of reasons but mostly because Augustus decided that Rome had reached its maximum defensible size. Certain emperors (Trajan most successfully) would expand briefly into Britannia or Mesopotamia but most of these gains would be minimal and nominal in nature.

how did Chinese communist strategy for political revaluation differ from soviet communist strategy

Answers

Explanation:

The Soviet made the mistake of opening the market and inviting capitalism in too early and too quickly when they are not ready for it. It's simply an experiment with no plan behind. This caused the disintegration of the country. China understands it has to open the country and allow some form of capitalism in order to attract investment. But iChina do it carefully, one step at a time, withe the opening of OEM manufacturing first, and with close monitoring of the experiment by experts as to what works and what don't.

The crucial difference is: China understands there are inherent weaknesses of western style capitalism and so will not take it lock, stock and barrels. Capitalism has been modified for use in a way suitable for China, and they called it socialism with a Chinese characteristics.

do consider marking as Brainliest if this helped!!


Question
Drag each tile to the correct definition.
Tiles
closed primary
open primary
general election
caucus

a system for choosing a party nominee in which any registered voter may participate
a meeting of members of a political party to select candidates
a system for choosing a party nominee in which only party members may participate
election for an open office

Answers

bonjour!

open primary - a system for choosing a party nominee in which any registered voter may participate

caucus - a meeting of members of a political party to select candidates

closed primary - a system for choosing a party nominee in only party members may participate

general election - election for an open office


Which of the following best describes the state of the US economy at the end of World War 11?
It was starting to come out of the Great Depression.
It was out of the Great Depression and doing better.
It was one of the most powerful economies in the world.
It was entering another recession

Answers

Answer:

experiencing steady growth from wartime production.

Answer:

It was out of the Great Depression and doing better.

Explanation:

:)

Do you think wealthy interest groups have too much power over what the government does in Texas? AND Should large, powerful interest groups like the Christian Coalition be able to impose their religious beliefs on the state by pressuring the legislature and the governor?
HAS TO BE AT LEAST 5 SENTENCES

Answers

Answer and Explanation:

Wealthy interest groups have a lot of power in the Texas government because of their involvement in state policy and because of their social and economic influence within the state. Although this is common in any state in the country, the influence and power of these groups must have limits, as they can act in their own interests, without taking into account the state's political progress. Religious groups must also have limits on their political influence in the state government, as they can impose Christian (or other religions) concepts, which in addition to weakening people's religious freedom, can interfere with political rationality.

Read the passage. Although the Dakota Territory was organized in 1861, the population was quite small, and the majority of the population were American Indians. The Homestead Act of 1862 drew homesteaders, and soon large cattle ranches were proving to Americans that farmers could be successful in the northern Great Plains. Transportation became easier between 1871 and 1889, when more than two thousand lines of railroad track were laid across the state. The effect on the population was dramatic. In 1860 the white population of North Dakota was 2,576. By 1889, that number had jumped to 191,000. Both North Dakota and South Dakota were able to apply for statehood. According to the passage, what were effects of the Homestead Act

Answers

Answer: • New states were added to the Union.

• The population grew in the territories.

• The cattle-ranching industry grew

Explanation:

Since from the passage, we are given the information that The Homestead Act of 1862 drew homesteaders, and soon large cattle ranches were proving to Americans that farmers could be successful in the northern Great Plains, then the effects of the Homestead include:

• New states were added to the Union.

• The population grew in the territories.

• The cattle-ranching industry grew

Answer:

A C D

Explanation:

What is the form of government in which the central government gets it's power granted to it from the smaller political units in the country

Answers

Answer:

Oligarchy.

Explanation:

What happens if the equal employment opportunity commission decides that an employer has discriminated against a worker

Answers

Answer:

The employer may have to pay fines or change its practices

Explanation:

In a situation whereby the equal employment opportunity commission decides that an employer has discriminated against a worker "The employer may have to pay fines or change its practices"

This is by the Equal Employment Opportunity Commission (EEOC) standards and practice. The federal agency ensures that both employees and job applicants are protected from any form of discrimination, which could be any race, gender, age, religion, sexual identity, national origin, disability, or genetics.

The agency stated in one of its rules and regulations that proven that why an employer has discriminated against an employee, the employer must pay a compensation fine and change its practices.

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