Very important, because if consumers don't feel as if the banks and lending institutions and their jobs aren't safe, they will save all their money for a rainy day instead of throwing it back into the economy by spending.
When it comes to those big ticket purchases like business opportunities and expansions, shares, and property acquisitions, consumers will be reluctant to make any big decisions if a. the banks are not fiscally stable b. the stock marketis volatile and c. the property values are fluctuating.
If the government does not inject confidence into the public after a big event, there will be a flow on effect, whereby consumers panic and the worst case scenario becomes reality.
The impact of the media and consumer confidence was probably not fully realised back in the 1920's -1930's depression, as the effects were unprecedented. in the current economic climate we are fully aware of the importance of remaining positive, however the information age means that news travels so fast that the government has less control over broadcast media, and panic can settle in very quickly.
The 1920's was a rebound from WWI with many hopes for the future. People were making more money than they were before and had confidence that the good times would continue. They spent money and that helped grow the economy.
The 1930's showed people once again that the economy is not controlled by their government and their govenment, particularly in Western Canada, were very slow to offer real assistance. As a result they lost confidence and stopped spending money, actual most had little money and many many Canadians had no money at all. Starvation, a spector from the past, became a very real threat for some and they had to flee to find food. No confidence in the economy meant little economic activity.
What are some important events Rosa Parks childhood
All of These
It is important to remember tragic events in history because it can help us prevent things from happening once again.
The spread of communism throughout America was a main concern in the 1930s. Also the Great Depression happened in this time period, which crippled the world's economy. Totalitarian leaders were started to gain power. Hitler, Mussolini, and Stalin were all gaining power. All of these political events eventually lead to WWII.
Historians fallacy
Meaning Conveying an untrue version of events by leaving out the important facts. A euphemism for lying, in short.
many events
gas, election, the economy gas, election, the economy
all of these.!!
what is important of events
The major events are Asia and North Carolina
The bad economy is making people realize that material wealth is not the most important thing in life.
what were important events in A vi's life
yes it was any important recent events
They are the most important events.
anything is important in history events