THE GOVERNMENT DURING COLONIZITION AND PRESENT DAY GOVERNMENT During the 15th century there are important event happen in political and livelihood in Europe they called it renaissance or reborn‚ it make the trade in Europe fast. It causes strong desire of European search to find the spice island to support the economy of their country. One of the countries is the Spain; they found the new world (America) by Christopher Columbus and many islands is rediscovered by Spain during the golden age
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THE DIRTY THIRTIES AND THE GREAT DEPRESSION KEY TERMS: Stock markets: when you buy for little but sell for more Stick markets collapsed: on Black Tuesday (October 29‚ 1929)‚ the stock market crashed in the USA • as the values of stocks plummeted‚ investors scrambled to sell their stocks (as more people sold stocks‚ the prices of the stocks decreased further) Buying credits: • many people used their money borrowed on credit to buy items • when items were repossessed‚ they were sold for
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Great Depression and WWII Business leaders and economists told Americans it was their duty to buy stocks John J. Raskob • Chairman of the board of GM • Wrote an article stating that a person who invested $15 in a good common stock per month would have $80‚000 within 20 years Bull market of the 1920s • Stock prices increased at twice the rate of industrial production • Paper value outran real value 4 million Americans owned stocks • Had been lured
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A. The Great Depression was caused by an economic system out of balance. There was too much supply with little demand. This situation was created by monopoly pricing‚ unsound banking practices‚ overproduction‚ high tariffs‚ and tightening of money supply by Federal Reserve Board. B. A slump in economic activity with over speculation in stock and buying stocks on margin caused the stock market to crash in October 1929. The stock market crash marked the beginning of Great Depression. C. The
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Causes and Effects of the Great Depression The Great Depression was the most catastrophic event in U.S. History. It not only crippled the economy‚ but stunted political and social aspects of American life as well. Before the Depression‚ the twenties roared. The previous decade flourished after the slight recession following World War I‚ but overall made for a hopeful future. People celebrated the end of the war by spending money and enjoying all that life had to offer. This came to a screeching
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During the 1930’s or as the others know as the dirty thirties came the great depression. The great depression is the longest economic downturn in the history of the Western industrialized world. This happened in North America‚ Europe‚ Canada and many more places around the world. People went through a lot during the great depression and lost many people. It also made the employment rate drop in increasingly numbers. The great depression had many causes from different places of the world‚ in North
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The Great Depression was a worldwide economic depression that lasted 10 years. Its kickoff was “Black Thursday‚" October 24‚ 1929. The height of the Depression was 1933. By then‚ unemployment had risen from 3 percent to 25 percent of the nation’s workforce. Wages for those who still had jobs fell 42 percent. Gross domestic product was cut in half‚ from $103 billion to $55 billion. The Depression caused many farmers to lose their farms. At the same time‚ years of overcultivation and a drought created
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The Impact of The Great Depression Depression can be defined as “a long and severe recession in and economy and market.” Although‚ the market was rushed into a depression‚ Americans faced the effects. Poverty attacked the lives of Americas witch led to many issues‚ such as crime‚ sorrow‚ and loss of homes. Bad credit instability and the inability to pay back loans resulted in loss of homes and land. Families of numerous numbers lived away from civilization with limited supplies. Picture 5‚ shows
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young when he lost everything. Thomas was a hard working person who had lost everything during the great depression‚ but after that he still has doing his best. The year the great depression stroke everyone had nothing. He had no way to go college and he quit school to help his family and to save money for what the had lost. He did his best. Because Thomas lost his life savings do to the Great Depression‚ as he was a kid he dreamed of becoming something better. After this happened he had to
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Australia faced the threat of communism after WWII ended in 1945. The threat was known as the Red Menace which was caused by all the conflicts in Asia and also things that were going on in Australia at the time. The Australian government responded to the Red Menace in many ways. They took military action‚ made alliances‚ gave economoc aid and tried banning the Communist Party in Australia. Communism is a social organisation where everyone in the country/community all have common property and money
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