The collapse of the US Stock Market.
Actually the cause of the Great Depression was the uncontrolled inflation, rising unemployment, and resulting depression in Germany caused by the enormous war reparations demanded by the Treaty of Versailles. The depression in Germany spread across the countries in Europe first through the 1920s, then finally hit the US too in 1929.
Unfortunately many people in the US seem to think (yes, I've lived in the US all my life) that all the world pivots about events here. Our history books in school teach that and we are generally very naive about how events in the rest of the world affect us.
The collapse of the US stock market and rapidly falling prices for farm crops were just the first two things in the US economy that felt the oncoming wave of worldwide depression begun in Germany a decade earlier. Then the bank collapses, then massive unemployment. at which point the US finally named it the Great Depression.
Alexander Hamilton! If you know your history he was a strong proponent of the central bank and centralized monetary policy. His idea was to have the banks of our nation come to the US central bank and borrow money. The more the govenrment trys to control our economy the longer and deeper these recessions and depressions will go on. We cannot keep printing money that is not there!
the weak dollar and window dressing of accounts of american firms
I believe once the housing market crashed, that's when the rest the country started to fall. When the housing market is strong, the economy is strong.
the lending bubble -- bad mortgages
Due to corruption of political leaders and ignorance of people about their rights and duties in nation.These are the major cause of recession in PAKISTAN.............
Global warming
In the recent recession the main affected countries are The U.S.A ,Europe, Japan and China and Asia as well.
mortage crisis
yes
Due to corruption of political leaders and ignorance of people about their rights and duties in nation.These are the major cause of recession in PAKISTAN.............
It was a cause of the depression, and probable the recession but I'm not sure
no it can't but it isn't very healthy for gums but it won't cause recession
Bad economic and fiscal policies may cause a recession.
The current recession was caused by a failure of children to properly make their beds in the mornings.
The relationship between inflation and recession is that a recession will cause inflation to go down. The reason for this is due to their being less money being spent due to the recession.
No. The president can not cause a recession . The causes of recessions are many and complicated and vary with each recession. One man or even one corporation can not cause a recession. As for preventing a recession or shortening a recession, even there, the president is more of a cheerleader or at best a coach than a cause. He can make suggestions but he can not change the law or set government fiscal policy - only Congress can do that. After each recession, new laws and regulations are put in place in hopes of preventing another recession, but people find ways around the laws or create new financial schemes that no one had thought to outlaw. Further the government can not legislate against greed or stupidity or bad management.
Global warming
No. The president can not cause a recession . The causes of recessions are many and complicated and vary with each recession. One man or even one corporation can not cause a recession. As for preventing a recession or shortening a recession, even there, the president is more of a cheerleader or at best a coach than a cause. He can make suggestions but he can not change the law or set government fiscal policy - only Congress can do that. After each recession, new laws and regulations are put in place in hopes of preventing another recession, but people find ways around the laws or create new financial schemes that no one had thought to outlaw. Further the government can not legislate against greed or stupidity or bad management.
In the recent recession the main affected countries are The U.S.A ,Europe, Japan and China and Asia as well.
mortage crisis
There are many areas which have undergone an economic recession. The four main characteristics of a recession are reduced value of assets, increased unemployment, an increase of government borrowing, and lower standards of living.