è Singapore depended largely on entrepot trade for its growth
è With lack of trading activities, companies in Singapore had much less trade and profit than before due to international drop in demand for tin and rubber
è Companies had to cut costs by retrenching workers to prevent suffering from incurring more losses
è Many rich merchants who invested in overseas trade also lost their wealth or became bankrupt
è There was widespread unemployment, hardship and poverty
è Many shops left empty for many months, nobody wanted to rent them to incur more losses
è Due to limited jobs available, hundreds of people would apply for vacant jobs.
è By 1931, 1/3 of the population was out of job
è Those able to keep their jobs, government passed a law in 1930 to either restrict and reduce immigrants entering Singapore, esp unskilled Chinese laborers or reduce pay of remaining workers
è When immigrants no longer able to earn money, they will return to their homeland, government had extra burden, because they had to arrange for them to return home
è Government had to use tax payers money of Singaporeans to send them back home
geylang had to close down
how did the great depression affected Belize
Not much.
The Great Depression and World War II hampered asset growth in mutual funds
He did nothing about it to be honest...
6666
how did the great depression affected Belize
Not much.
prices
no one got acffected
irene
There is no answer
The Great Depression and World War II hampered asset growth in mutual funds
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cats
He did nothing about it to be honest...
6666
Once we finish this "recession" we will be calling the last few years the "Greater Depression".