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How did the decline in worldwide trade contribute to the Depression?
Wiki User
∙ 11y ago
it affected it by people not having money to support there family
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoWorld trade became difficult. Countries restricted the exchange of currency, and even encouraged barter.
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What is decline in trade?
When trade goes down
Why did the smoot-hawlay tariff act backfire?
The act brought retaliatory tariff acts from foreign countries, U.S. foreign trade suffered a sharp decline, and the depression (etc...)
What was the importance of the decline in the slave trade?
German East Africa
Why did agriculture and trade decline in the fourth century?
There were several reasons for the decline of agriculture and trade in the fourth century. One major factor was the economic instability caused by the decline of the Roman Empire and the subsequent invasions and political turmoil. Additionally, climate changes, such as the cooling trend known as the "Little Ice Age," negatively impacted agricultural productivity. Trade routes were also disrupted by the invasions and the collapse of Roman infrastructure, leading to a decline in long-distance trade.
What were some of the causes of the Depression in countries other than the US?
Depression can be caused by famine, plagues, governments failing, war, world economic depression, genocide, bank failure and trade failure. Answer "During 1931, world trade and Europe's credit structure collapsed, deepening economic depressions in Austria, Germany and Scandinavia. Europeans began withdrawing loans and gold and other investments from the United States, adding to the decline in the United States." (Macrohistory and World Report) Credit for US loans was no longer available.
What is decline in trade?
When trade goes down
How much money did Trade gross worldwide?
Trade grossed $1,513,388 worldwide.
Why did the smoot-hawlay tariff act backfire?
The act brought retaliatory tariff acts from foreign countries, U.S. foreign trade suffered a sharp decline, and the depression (etc...)
How you can get Yoville gift trade?
Click on the person you want to trade with and then invite them to trade. If they decline try again, if they decline again give up and leave.
When was the Great Depression and what was it?
Hello! The Great Depression was a severe worldwide economic depression during World War 2. It affected the stock trade greatly and many families became broke. It was the longest and worst depression in the U.s. during the in the 20th century. The Great Depression lasted from 1929 until the late 1930's or early 1940's. Thanks! ~Thunderfin~
How much money did World Trade Center gross worldwide?
World Trade Center grossed $163,295,654 worldwide.
Describe two things that might have led to the decline of the Indus civilization?
Drought and a decline in trade
Why did long distance trade decline in china between the fourth and sixth centuries?
Why did long-distance trade decline in China between the fourth and sixth centuries?
Did leif ericson contribute to the fur trade?
No. There was no fur trade at that time.
What is the reason for the decline in manufacturing in the united kingdom?
trade competition
Why did the spanish economy decline in the 1600s?
Farming and trade were neglected
What was the importance of the decline in the slave trade?
German East Africa
