You must answer the following question in at least one, five-sentence paragraph. You must also respond to one other student's post. You are to use standard English and spelling, and it is recommended you check your work prior to submission. Remember, the internet is forever so choose your words wisely.
Your response to the question is due by Thursday, April 21, 2011 at midnight.Your response to other students' posts are due by Friday, April 22, 2011 at midnight.
Question #3:
Describe and analyze the experience of the Great Depression between the industrial nations and the primary producing nations. What parts of the world were most affected and what parts were least affected? What would be the economic explanation for this difference?
Happy posting,
Markstone
#3
ReplyDeleteThe Great depression was a global depression. In 1929 the world plunged into an economic depression that was so long lasting, so severe, and so worldwide that it became known as the Great depression. I think Germany was really affected because of the inflation that they printed a lot of money but it was almost all worthless. The U.S. however got out because of the World War two. Mostly all governments respond to the economic crisis in one of two ways. Initially most governments did nothing hoping against all odds that the crisis would resolve itself. There was worldwide demand for materials and everyone would be willing to do stuff for those materials. Also most of the agriculture was depressed. The great depression destroyed the international financial and commercial network of the capitalist economies. Governments reduced jobs for women especially for married women. They wanted to kick all women off any job so that the males can get all the jobs; they thought that would help the economy. The great depression caused a lot of suffering in families they starved to death and lost family members a lot. Millions of people lost their jobs, and many farmers and businesses were bankrupted. Industrialized nations and those supplying primary products (food and raw materials) were all affected in one way or another.
In 1929 the world fell into economic depression so severe that it is called the Great Depression. It affected countries in many different ways. New advances in technology reduced the demand worldwide for raw materials.This led to many producing countries to fall into economic depression. In industrialized countries people tried to raise money by calling in loans and liquidating investments. During this time there was great unemployment in almost all countries and many business went bankrupt. European countries were the ones that were affected the most by the great depression because their economies suffered after the Great War.
ReplyDeleteDuring the Great depression most of the world was involved due to the recovery of the Great War. During these times countries owed other countries so banks, joint stocks, and businesses went down the drain due to them not being needed. This caused major job losses and leaving millions of people loss money saved or invested in these things. people commited suicide, struggled for food, clothing, and shelter. Women were more perferred to work due to them getting paid a lot less than a man. The places more affected were the ones involved in the Great War and the least affected were the ones who had little to no participation in the war. I'm thinking the economic difference is the amount of jobs and opportunities avaliable.
ReplyDeletein 1929 a global depression had occured and was called the Great Depression. During this time many nations were effecvted to due their involevemnet with the great war. Many nations were invloved in extreme debts due to war. during this time many peope didnt have jobs and famlies had no money to feed them selfs so they had died. the econmoy was terrible at the time, the people would try to get loans from countires that had induralization. technolgy advacded which caued a need fo raw matetrails, this led to indutralization. The great depressions affect on nations was based on that nations paratication in the great war, if they were heavly invloved then that ment they were greatly affcted. if they werent involed they werent effected as much, europe had been affected due to prtining of money and their econmoy being affected so longafter the war
ReplyDeleteDuring the Great Depression the world was in debt. Many countries owned money to other countries.The effects that the Great Depression had on the world was losses of jobs and buisness going bankrupt.The most affected by the Great Depression were the europeans because that is were the Great War started.
ReplyDeleteThe Great Depression was the weaknesses of global economy in 1929 because of tangled financial relationships .Germany and Austria borrowed money from United States, used it to pay reparations to Allies, who used the money to pay war debt to United States. In 1928 U.S. lenders withdrew capital from Europe and financial system strained. Industrial innovations reduced demand for raw materials such as rubber, coal, cotton. Postwar agriculture was depressed in Europe, United States, Canada, Argentina, and Australia. The crash of 1929 is U.S. economic boom prompted many to speculate and invest beyond their means.“Black Thursday” October 24 1929 stock prices dropped and investors lost life savings! Industrial economies felt banking crisis and resulted in unemployment. Germany and Japan were unable to sell manufactured goods to purchase fuel and food. Germany was impacted harshly by 1932 where 35 percent were unemployed and 50 percent decrease in industrial production. Primary producing economies were especially vulnerable! Export prices declined sharply after 1929 on sugar, coffee, beef, tin, nitrates, and so on. Latin American states managed import tariffs that actually helped domestic industry while Brazil built up steel and iron production. Luckily for them China was less affected. Philippines was a U.S. colony so its sugar production was protected by the United States. Economic nationalism was favored over international cooperation.
ReplyDeleteThe impact of the Great depression had a severe impact in global economy. In October 24, 1929 the industrial nations were impacted with the stock prices dropping and the losing their life savings. Loans had to be Paid, which forced owners to keep selling. Industrial renovations reduced the popularity demands of rubber, coal and cotton. In US the overproduction and less demand on products caused business failure and unemployment. Japan and Germany were unable to sell enough products to purchase fuel and food. Many Places like China and the Philippines were not affected due to it being a US colony and its sugar plantation being protected. Overall the most affected were the Europeans due to the wars effects.
ReplyDeleteYesenia you forgot to say how the U.S. was less affected you just said they got out and you really didn't adress which places were least affected.
ReplyDeleteBraulio you did not meet five sentences you did four. You didn't say which places were least affected.
Joe - Fabulous i love how you used the knowledge you gained to just answer these questions with facts and correctness.
ReplyDeleteJoe good job i think you covered everything
ReplyDeletebraulio you forgot to mebtion who was least affected and i think a bit more detail would be good but anyways good job!
Giselle godd job i think you got evrything down!
During the Great Depression the world’s industrial nations had become dependent on one another .The Great Depression caused the banks and businesses to close, people lost things such as their homes, savings and jobs and most people relied on charity. The primary producing nations at this time had a huge drop in income, which caused a rising in interest-rate repayments, meaning it would be hard for both businesses and individuals to borrow money. The farmers were hit the hardest during this time, and most of them from Canada.
ReplyDeleteThey were hit the hardest, because people could no longer purchase their produce causing a drop in their profit , leaving them to sell their farms and become remotely poor, because of their unemployment.