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

What was the march on Washington

Answers

Answer:

The March on Washington for Jobs and Freedom, also known as simply the March on Washington or The Great March on Washington, was held in Washington, D.C., on Wednesday, August 28, 1963. The purpose of the march was to advocate for the civil and economic rights of African Americans.

Explanation:

Answer:

The March on Washington was a massive protest march that occurred in August 1963, when some 250,000 people gathered in front of the Lincoln Memorial in Washington, D.C. Also known as the March on Washington for Jobs and Freedom, the event aimed to draw attention to continuing challenges

Explanation:

hope this helps


1. In 2-3 sentences, describe your response to this event and what, if anything, you think Washington State government should do about the Hanford Nuclear Site? (Right answer only please) :)

Answers

Answer:

The Nuclear Waste Program

Enforces regulatory compliance and cleanup at the Hanford site and at other facilities that manage nuclear waste in Washington.

Promotes public involvement, community outreach, and education regarding waste management, compliance, and cleanup.

What you need to know about Hanford

The nuclear weapons production that began at Hanford in the 1940s generated substantial amounts of radioactive and chemical wastes, contaminated land and groundwater, and created a lasting legacy of contaminated facilities. Since the signing of the Tri-Party Agreement in 1989, Ecology, EPA, and Energy have worked to clean up, treat, and dispose of this legacy to reduce the threats it poses. Substantial progress has been made, and substantial work remains.

During World War II, the government wanted a large buffer zone around its nuclear production facilities for secrecy and public safety. The current site is about 580 square miles and most areas are still not accessible to the public.

Map showing the size and location of the Hanford site in Southeastern Washington.

Map showing the size and location of the Hanford site in southeastern Washington.  

In the 1980s, groundwater contamination totaled about 80 square miles. Today, about 60 square miles of groundwater remains contaminated above federal standards — and the level of contamination has been greatly reduced for significant portions of that area.

There are no active nuclear production facilities; however, the site contains some of the nation's most complicated nuclear and mixed dangerous waste, which must be cleaned up.

The U.S. Department of Energy is required to maintain security and prevent unauthorized access to contaminated areas of the site. In the event of an emergency, Energy is required to effectively respond to protect human health and the environment.

We work to keep the Columbia River safe

State and federal governments monitor the Hanford site and the Hanford Reach of the Columbia River for contaminants, and inform the public of possible risks. Results are published in annual groundwater reports

Explanation:

The Eisenhower Doctrine was concerned with what region of the world?

Question 15 options:

South America


Western Europe


The Middle East


Southeast Asia

Answers

Answer:

middle east

Explanation:

Middle Eastern country could request American economic assistance or aid from U.S. military forces if it was being threatened by armed aggression

wikipedia

Answer:

middle east

Explanation:

i took the test and got it right

hope this helps ya :)

Based on these documents, what socioeconomic and sociopolitical conditions in late medieval Europe do you think combined to ‘‘infantilize’’ women and severely limit their legal rights?

Answers

According to the reading of the documents, we can see that the lack of education and the limitation to social and economic experiences were the elements that helped women to be "infantilized" in Europe at the end of the Middle Ages.

As we can see in the documents presented, women were not allowed to participate in courts, to sell and buy goods, to own goods, to sign contracts, or even to receive adequate education. These women were seen as totally dependent on their husbands and incapable of doing anything.

This lack of education and lack of experience with the social and economic sectors of society contributed to women not finding out how to act alone and encouraging concepts that devalued them.

This allowed:

Women were devalued.Women were negatively exploited.Politicians use women's inability to limit rights related to them.Women lived with severe limitations for many years.

You can find more information about women's rights at the link below:

https://brainly.com/question/20586389?referrer=searchResults

https://brainly.com/question/461813?referrer=searchResults

Look at the map.
A map of the United notes titled Major Settlement Locations, 1960 to Present. Latino immigrants tended to settle in the southwest, Florida, Illinois, New York, and New Jersey. Asian immigrants tended to settle in Washington state, California, Nevada, Texas, Illinois, New York, and New Jersey.

Based on the map, which region of the United States has the highest Latino population?

Answers

Answer:

southwest

Explanation:

The southwest because if you do read the paragraph and check it it would be south west also I know this because I read about it  

Which language did Aryans speak when they migrated to India?
A. Indian
B. Egyptian
C. Indo-European
D. Chinese

Answers

The holy language of the Aryans who invaded the Indian subcontinent was Sanskrit. Many of the modern languages of northern India, such as Hindi

On what basis had the federal bureaucracy been established?​

Answers

Explanation:

On what basis has the federal bureaucracy been established? The federal bureaucracy is established under all of the agencies, people, and procedures through which the Federal Government operates.

May be it helps you

What year does Napoleon die?

Answers

Answer:

May 5, 1821

Explanation:

I went to school

Puritans derived their name from the fact that they a. Believed that the highest ideal was the purity of Christ b. Believed they had greater moral purity than other Christians c. Insisted that people guilty of gross sin should not be allowed in the Church d. Wanted to purify the Church of England of all features of Catholicism

Answers

Puritans derived their name from the fact that they  d. Wanted to purify the Church of England of all features of Catholicism.

Who are the Puritans ?

The Church of England's Puritanism, a movement for religious reform that emerged in the latter half of the 16th century, was led by the Puritans. They thought the Church of England should stop participating in rituals and customs that had no biblical foundation because they were too similar to those of the Roman Catholic Church.

Puritans believed that carrying out these reforms was a direct commitment they had made with God. In the 1620s and 1630s, under pressure from the Church and the Crown, some Puritan groups immigrated to Northern English colonies in the New World, establishing the theological, intellectual, and social structure of New England. Since then, elements of puritanism have permeated every aspect of American life.

Therefore, option D is correct.

Learn more about Puritans at:

https://brainly.com/question/316568

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Which of these supreme court cases stated the Constitution gives the federal government certain implied powers?

A. Marbury v. Madison
B. McCulloch v. Maryland
C. Engel v. Vitale
D. Mapp v. Ohio

Answers

The case of McCulloch v. Maryland was one where the Supreme court stated that the Constitution gives the federal government certain implied powers.

What is the case of McCulloch v. Maryland?

In this case, the question raised by the supreme court was whether congress could use its implied powers.

Hence, it is where the Supreme court stated that the Constitution gives the federal government certain implied powers.

Therefore, the Option B is correct.

Read more about McCulloch case

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2. Write a difference between pagoda style and Stupa style architecture in table in four points​

Answers

Answer:

While there is not a clear distinction between a stupa and a pagoda, a stupa tends to be a structure that usually can not be entered, while a pagoda is often referred to as a building that can be entered. It is easy to get confused because a pagoda is generally a temple, but the design of a pagoda evolved from stupa

what happened as European economies built trading empires?​

Answers

Answer:

Massive profit opportunities, increased access to raw goods, more political power and colonization outside Europe, and the rise of the Industrial Revolution.

Answer:

the expansion of Europe led to the conversion of indigenous populations in South and Central America

Explanation:

Black Americans were hard hit by the gloom times of the depression years of the mid 1870s because

a. many had put their money in the Freedman's Savings and Trust, only to see it vanish due to bad investments.
b. companies tended to fire them first and hold on to white workers.
c. mobs of unemployed workers took out their frustrations through violence against blacks.
d. they lost what little land they owned to speculation schemes.
e. None of these

Answers

It’s A. “Many had put their money in the freedmans savings and trust, only to see it vanish due to bad investments”

One way that Americans escaped their concerns during the 1930s was to

Answers

Answer:

One way that Americans escaped their concerns during the 1930s was to

Go to movie theaters

Which has had the most significant effect on the rise of globalization?

A. the fall of communism
B. command economies
C. computer technology
D. isolationism

Answers

Computer Technology because these days people are using technology so much and the population are growing so fast so it has to be C

Hope this helps :)))

Based on the map, what best explains the growing popularity of coffee in China?

Answers

Answer:

Answer is A. China opened up trade with the U.S.

Explanation:

Answer:

The Chinese economy opening trade with the United States

How did improvements in farming lead to the growth of civilizations? What were two of those improvements and how did they affect growth?

Answers

Answer:

Well since farming became more effective food became easier to obtain but was also cheaper to get this led to populations start growing at rapid rates since food was no longer scarce like before

Explanation:

How were African Americans involved in the Revolutionary War? Who did they support and why?

Answers


Most black soldiers were scattered throughout the Continental Army in integrated infantry regiments, where they were often assigned to support roles as wagoners, cooks, waiters or artisans. African Americans also served as gunners, sailors on privateers and in the Continental Navy during the Revolution.

African-Americans fought for both sides, providing manpower to both the British and the revolutionaries.

How were Mexican citizens’ lives affected by the leadership of Antonio Lopez de Santa Anna?

Citizens faced many changes in laws and policies.
Citizens began to have more influence in Mexican politics.
Citizens had less protection from a weakened military.
Citizens were silenced under harsh dictatorial rule.

Answers

Answer: Citizens were silenced under harsh dictatorial rule.

Explanation:

Mexican citizens lives were affected by the leadership of Antonio Lopez de Santa Anna as the citizens were silenced under harsh dictatorial rule.

General Antonio López de Santana was a patriotic, but controversial figure and he yielded great power during the forty years that he used in Mexico.

He played a vital role when the Spanish Army were defeated by México which led to them becoming an independent nation. He exerted his power over the Mexicans as he was a dictator as he suppressed their rights.

Therefore, the correct option is D.

Answer:

(D) Citizens were silenced under harsh dictatorial rule.

Explanation:

Got it right on edge 2021

quién fue el primer presidente de la República Dominicana ​

Answers

Answer:

Pedro Santana

Explanation:

Answer:

pedro santan

Explanation:

Why did European countries set up colonies in North America

Answers

Answer:

A no is the wright

To search for valuable natural resources

a. Choose ONE of the reasons listed below and explain how it best represents the European desire to explore and colonize the New World.
Expansion of economic and political power
A desire to convert the American Indians to Christianity
Motivation to gain personal fortune
b. Contrast your choice against ONE of the other options, demonstrating why that option is not as good as your choice.

Answers

A desire to convert the American Indians to Christianity is the best that represents the European desire to explore and colonize the New World.

Which statement describes the behavior of the function fx=3x/4-x

Answers

Answer:

the graph approaches-3 as x approaches infinity

Answer:

a

Explanation:

The graph approaches –3 as x approaches infinity.

What was an achievement of the women's movement during the 1960s and 1970s?

the ratification of the Equal Rights Amendment to the Constitution
uniting women in groups such as the National Organization for Women
passage of legislation requiring equal pay for men and women in the workplace

Answers

Answer:

men and women in the workplace

Que aportes harías para mejorar ciertas actividades económicas en tu territorio.

Answers

Tendría más actividades para que la comunidad se uniera como una

.
Presidential Impeachments
1869: Andrew Johnson
1998: Bill Clinton
• 2019: Donald Trump
• 2021. Donald Trump
.
Which of constitutional principle is represented by the events shown here?
A)
republicanism
B)
individual rights
O
checks and balances
D)
separation of powers
151

Answers

Checks and balances

“ Dom Pedro primeiro deixa o governo ”

Answers

Explanation:

Os desdobramentos do exercício do Poder Moderador por D. Pedro, a rixa entre políticos conservadores e liberais, bem como a rivalidade entre brasileiros e portugueses que estavam radicalizados no Brasil, culminaram na abdicação do imperador, formalizada no dia 07 de abril de 1831.

What are the ways various athletes and celebrities have given back to their community or society? Use evidence from 2 sources

Answers

Players who make it to the top of their sport are very well compensated these days. For some, they have more money than they know what to do with. Many give back, and one of the first places they think of is their old community.

There is an "early years" story for every athlete. They were once just another kid playing youth sports. They relied on others contributing to the league, supporting young athletes during their formative years.

So who are the famous athletes doing the most right now to give back? Here is a look at three athletes at the top of their sport who have made a huge difference.

In ancient Egypt, the word ___ was used to describe a series of rulers who shared a common family.

A. kingdom

B. dynasty

C. pharaoh

D. monarch

Answers

Answer:

its letter b dynasty

Explanation:

I hope this help

Answer:

B. Dynasty

Explanation:

A Dynasty is a long family line, therefore, it's B  hope I help, and God bless!

Read the following excerpt from Pericles’s speech:

Our constitution does not copy the laws of neighboring states; we are rather a pattern to others than imitators ourselves. Its administration favors the many instead of the few. . . . If we look to the laws, they afford equal justice to all in their private differences…class considerations not being allowed to interfere with merit; nor again does poverty bar the way, if a man is able to serve the state, he is not hindered by the obscurity of his condition.

Based on the excerpt above, how does Pericles feel about Athenian democracy?

Answers

Answer:

Based on the excerpt above, Pericles feels that the Athenian constitution is not copied from neighboring states, he thinks that Athenian democracy is equal to everyone regardless of social class.

Explanation:

It says "Our constitution does not copy the laws of neighboring states;" and "they afford equal justice to all in their private differences" implying that Athenian democracy is original and equal in Pericles' opinion.

Answer: Athens has laws that treat all people fairly, regardless of social class.

Explanation:

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