0
Why did key basic industries lose business during great depression?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How the Great Depression affected the basic needs such as food and shelter?
Many people were out of job during the Great Depression...-this effected the poor in many ways so maintaining a shelter and food was very difficult to them
What happened to food prices during the Great Depression?
Here are some examples from a person who was a teenager and early 20s during the Great Depression. Bus ticket from home to school, about 20 miles--10 cents. Three room apartment, $30 per month. Cost of three bedroom house--$4500-$6000. Kitchen table and chairs, $10. Butter, 25 cents a pound. Coffee, 19 cents a pound. Loaf of Bread, 9 cents. Steak, 25 cents a pound. Banana splits, 25 cents. Women dresses, $5 to $8. Men suit, $30. Shoes, $4.95. $100 for baby to be delivered by doctor. $10 per day in hospital. Gas, 20 cents a gallon. Chrysler Roadster (car) $800. (1930) Chrysler Sedan (1934) $945. Playpen, $5.
How did the federal government's actions affect civilian life during World War 2?
The industrial demands for wartime production in World War II meant that civilians had to have rationing of basic materials, and some foodstuffs. Bureaucracy expanded dramatically during the war, as did federal power. The government became the single most important force in American life.
What were the basic scales of western music during the middle ages?
geology
When did Roosevelts Great Depression end?
The major accomplishment of the New Deal was to ease the economic hardships felt by most during the Great Depression. This preserved confidence in the American institutions and averted any attempts to radically change our basic economic and political structure. The relief measures of the New Deal did put people to work. But the New Deal failed in its attempt to achieve a complete economic recovery. The recession of 1937 was proof that the New Dealers had not unlocked the secrets of maintaining economic prosperity during peacetime. Only when the nation began to prepare for World War II, along with massive purchases of American goods from abroad (and American rearmament), did the Great Depression come to an end. By 1939 the economy was on an upswing and by 1940, after war had begun in Europe, the Great Depression was history.
How did lack of diversification effect the economy during the Great Depression?
Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.
Two of the United States basic economic problems during the Depression?
Germany & France
What two basic problems did the US face during the depression?
Well there weren't just 2 basic problems there were many BASIC problems in the great depression. One of them was a lot of people were running low on money so they stopped using money and switched to their new system of credit.
What is the meaning of basic and consumer industries?
Basic industries produce the primary raw materials for factories to work. Consumer industries manufacture and sell products directly to the general public.
What are the basic resources of business?
Business Basic Resourcesmenmoneymachinesmethodsmarketsmotivation
Describe the basic principles of finance and selling within the beauty related industries?
What are the basic principles of finance and selling within the beauty related industries
How the Great Depression affected the basic needs such as food and shelter?
Many people were out of job during the Great Depression...-this effected the poor in many ways so maintaining a shelter and food was very difficult to them
What is business basic?
business basic is the understanding and use of technologies and resources in pursing fundemental business principles and practises
What is the full form of SABIC?
SABIC stands for Saudi Basic Industries Corporation. It is a global diversified chemical company headquartered in Riyadh, Saudi Arabia.
Who was it paid to and how much the susso?
The susso was paid to unemployed individuals in Australia during the Great Depression. The amount of payment varied but was generally minimal to provide basic necessities.
What are basic and non - basic services?
Basic industries don't depend on other industries to exist; their raw material is not the output of another industry, but rather their raw material is the stuff of nature itself. The list of basic industries is short. Agriculture, ranching, fishing, forestry, mining, and petroleum constitute an exhaustive list. These are industries that a person 6,000 years ago could perform, using only the body and the resources freely available in the environment (though such people would be unlikely to want petroleum). By contrast, watch-making requires that an industry of metal-working already exists. The industry of metal-working, by turn, wouldn't get very far unless the industries of mining and forestry (for heat) existed. But mining and forestry don't necessarily depend on other industries for their inputs. This doesn't mean that basic industries can't be improved by using tools that are fashioned by other industries. The key issue isn't what tools may be used, but what is the raw material for the industry. If nature or natural products are the raw material, the industry is basic. If the raw material coming in to an industry was produced by a previous industry, that industry is not basic.
What is basic mathematics for business?
Arithmetic and algebra are some of the basic maths used in business. Statistics are also used in the business world.
