Great Depression

The 2006A huge economic downturn , which started in 1929 and ended in the mid-30s involving the majority of developed countries of the world , is called the . There are many theories about the reasons of this slump , which mostly point on such(prenominal) economic problems , like collapses at stock markets , under-consumption , misbalance of the amounts of investments , corruption in world banking system , etcThe main cause of this economic ecological niche in the United States was a huge crash at New York Stock Exchange in October 1929 . Long-term first gear of stock prices brought to considerable lack of investments extreme slowdown in manufacturing and usefulness sectors , escalating level of unemployment and other economic failures . As a response , in 1932 the amount of goods produced in the country reached save 54 of the level of 1929 (UIUC , n .dShortly after , the spread onto europium and other world s territories . Many European countries were still recovering after the events and losses of the World War I , so their economic conditions were quite miserable . Besides , the role of the ground forces as the main investor and trade-partner after the war was greatly authoritative , and economic problems in our country caused huge difficulties for national economies of European states . Especially hard location took place in Germany and spacious Britain , which were the defeated countries after the warIn early 30s the caused such reactions , as great migration of people and extreme poverty .

Prices for all the goods were unvaryingly go , that is why it became a problem for middle class Americans to learn ends meet . Even those , who could continue bringing (farmers , officials or service sector employees , could not receive proper reward for their work , as all the markets suffered depression . Stagnation in manufacturing lessen international tradeOnly radical political and economic transformations could bring to both(prenominal) revival . In many countries , like the USA , Germany , etc , advanced political leaders came to power (F . Roosevelt , A . Hitler ) and started introducing some pressing measures on economic recovery . The main lesson from the was the necessity of constant governmental involvement into management and regulation of economic situation in the countryBibliographyAbout the (n .d . University of Illinois at Urbana-Champaign . Retrieved May 5 , 2006 , fromPAGEPAGE 3 The PagePAGE...If you compulsion to get a full essay, order it on our website: Orderessay

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