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Great Depression also known in U.K. as the "Great Slump" was a dramatic, worldwide economic downturn beginning in some countries as early as 1928. The beginning of the Great Depression in the U.S. is associated with the Stock Market crash, on Oct. 29, 1929 known as "Black Tuesday". The Depression has devastating effects in both industrialized countries and those which exported raw materials. International trade declined sharply, as did personal income, tax revenues, prices and profits. The key cause of the Depression was the expansion of the money supply in the 1920's that lead to unsustainable credit driven boom. One reason for the monetary inflation was to help Great Britain, which in the 1920's was struggling with it's plan to return to the gold standar at pre-war (WWI) parity. Returning to the gold standard at this rate meant that the british economy was fully deflationary pressure.
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The industrial revolution had what with European economies?
The industrial revolution had European economies become wealthy than other regions of the world, thereby providing the needed capital for investment in new technologies.
Which of the following describes a similarity between the U.S. and European economies following World War 1?
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow. The postwar boom continued into the Roaring 20s.
What statement accurately compares Americas post world War 1 economy with Europe's?
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow. The postwar boom continued into the Roaring 20s.
Why did western European economies grow faster than eastern European economies grow faster after world war 2?
Under pressure from Stalin, Eastern European countries refused aid from the United States.
How were European nations able to rebuild economies devastated by world war 1?
One of the ways that the European Nations were able to rebuild economies devastated by World War I was by using the funds required to be paid by the Germans in the Treaty of Versailles.
How did the European colonization of the New World and the development of the Atlantic system affect the economies and politics of southwest Asia and the Indian Ocean?
Did the colonies of the New World affect the economies of Southwest Asia
What was the American program to rebuild European economies after World War 2?
ERP or the Marshall Plan .
Which parts of the modern world drive the world economy?
The United States and Western European economies have become the twin engines of the world economy.
The US program for rebuilding the economies of the European Countries after World War 2?
Was called the Marshall plan.
How did the killing of all the Jews in the Holocaust affect the economies of Europe?
In most European countries there was so much destruction as a result of World War 2 that it's not possible to separate this out from other factors that damaged many European economies.
How are we affected today from the European explorers?
European explorers had a significant impact on global trade, cultural exchange, and the spread of ideas. They also brought diseases to the Americas, leading to devastating consequences for indigenous populations. Additionally, their colonization efforts reshaped political boundaries and economies around the world.
Before World War 2 the economies of many Eastern European nations were based primarily on?
agricultural production
