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What were the immediate and long range problems in the nation's economy and world trade that led to the Depression?
Wiki User
∙ 10y ago
DIRECTLY: Because of the great supply of raw materials to produce steel, chemicals, glass, and machinery that became the foundation of an enormous boom in consumer goods, many US citizens invested in the Stock Market, speculating to make a quick profit. Soon, many people began to fear that the boom was going to end so they all pulled their money out. Similar to filling a bubble with air, but then when you think it can't hold any more air or it'll pop, so you take out all the air and what happens? It pops or deflates, just as all the investors who pulled their money out caused a major crash
ALSO: Governments all around the world reduced their spending, which led to decreased consumer demand. Construction came to a standstill in many nations.
Wiki User
∙ 10y ago
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How did the Great Depression affect most nations?
great depression affected most nations as its epicentre was USA which was the largest and most productive economy at that time. the stock prices at wall street fell like house of cards and the investors incurred huge losses . Russia was least affected by this as its trade was not dependent on USA and because of the success of its five year plans.
How are Isolationism and the Great Depression related?
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
What helped supply the immediate needs of European nations?
Marshall Plan.
What was Wilson's organization for settling world problems?
The organization Woodrow Wilson proposed in 1919 for settling world problems was The League of Nations. It was the precursor to the United Nations.
What was Roosevelts approach to the Great Depression?
roosevelts approach to the great depression was that he was ready to experiment with governments actions to deal with the nations crisis
Why is it important to solve macroeconomic problems in Indian economy?
Macroeconomic problems in India's economy can have an effect on all nations. When India has a large budget deficit it causes financial difficulties that effect all nations.
How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
What problems plagued the new nations economy?
Wealthy Loyalists had left America. (Apex)
Why did Van Buren do little to solve the nations economic problems during the depression?
because of economic wealth
Why was president Hoover blamed for the nations economic problems?
Hoover was blamed for the nation's economic problems because he thought that the best way to fix the economy was to let the economy fix it's self (do nothing).
Why was the nations economy sick in the late 1920?
It was the start of the great depression. More people lived in the streets then in actual homes, the prosperous beginnings of America where coming to an end. The great depression had a lasting effect on how Americans view themselves and there government.
What specific problems are many developing nations attempting to solve?
Many developing nations face a struggling economy as it is growing. It is a a huge hurdle to overcome. Other major areas of concern are education and poverty.
How did the Great Depression affect most nations?
great depression affected most nations as its epicentre was USA which was the largest and most productive economy at that time. the stock prices at wall street fell like house of cards and the investors incurred huge losses . Russia was least affected by this as its trade was not dependent on USA and because of the success of its five year plans.
How are Isolationism and the Great Depression related?
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
What kind of economy do most nations in the world today use?
mixed economy
How did the panic of 1837 affect the the nation's economy?
it ruined the nations economy by no money
What helped supply the immediate needs of European nations?
Marshall Plan.
