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Was the economy worse in The Great Depression than it is now?
Dalesr4eva
Yes, because the joblessness was much higher and because the Crash of the stock market in 1929 was bigger and more sudden than any downturn in our economy recently. However, many of the root causes of our current recession and the Great Depression are the same.
During the Great Depression many people lost their money when the banks failed. They couldn't afford food or shelter and there was no unemployment insurance. People were desperate for work.
Wiki User
∙ 11y ago
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Was World War 2 worse than the Great Depression?
It depends how you're looking at it. Economically, no. We were actually in good economic times because of our increased production. WWII actually helped the US out of the Great Depression. In terms of casualties, yes. The amount of casualties in WWII is incredibly more than those in the Great Depression. So yes and no.
Is depression worse than cancer?
Both are pretty bad, but I would say cancer is worse. You can control depression with medication and it also won't kill you. With cancer, you could actually die from it.
What did France do during Great Depression?
The great Depression in France began more slowly than in the other industrial countries, was less severe but lasted longer. During the Great Depression, France tried to make changes to its economic policies to try to stimulate the economy. However, the changes were so inconsistent that they deepenend the depression. Government leadership changed several times, adding to the problems of the inconsistent economic policies.
When Great Economic Depression started?
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
What did France do during the great depressions?
The great Depression in France began more slowly than in the other industrial countries, was less severe but lasted longer. During the Great Depression, France tried to make changes to its economic policies to try to stimulate the economy. However, the changes were so inconsistent that they deepenend the depression. Government leadership changed several times, adding to the problems of the inconsistent economic policies.
Why was Germany's economy so much worse than other European countries?
Names of the holocaust
What notable thing did Obama do?
Destroyed the US economy and ensured that our children will be worse off than we are
What was family life like during the great depression?
Home's were very hard to keep going steady and strong because the economy was bad in more situations than one.
What accounts for Roosevelt's great popularity as president?
Franklin D. Roosevelt's New Deal is credited with ending the Great Depression in the United States. His policies helped both the working poor and big businesses, and the economy overall fared much better under his administration than it had under Herbert Hoover's.
What year did inflation start?
Inflation is inherent in every economy. Maybe you're thinking of hyperinflation that happend in Europe during the great depression when money became cheaper to burn than fire wood.
How did the civil war affect the Great Depression?
The Civil War was over more than 80 years when the Great Depression began. It did not have much direct effect. However, blacks in the South probably suffered more in the Depression than any other group.
How did Jews in Germany thrive financially during the Great Depression?
The supposition underlying this question, namely that Jews were successful during the Great Depression, is untrue. The Jews did no better or worse during the Great Depression than did the average German. Hitler, and the Nazis in general, capitalized on the German people's ignorance of their own neighbors' suffering. The sad thing is that Nazi propaganda and Anti-Semitic propaganda is so strong that people continue to believe that the Jews were better off during this period when they were not.
