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The Great Depression spread rapidly from the US to Europe and the rest of the world as a result of the close interconnection between the United States and European economies after World War I. The United States had emerged from the war as the major creditor of postwar Europe, whose national economies had been greatly weakened by the war itself, by war debts, and, in the case of Germany by the need to pay war reparations. So when the US economy slumped, credits and loans were called in and whole national economies were thrown immediately into bankruptcy. Germany and Great Britain, which were the most deeply in debt to the US were hardest hit: nearly 40 percent of the German workforce was unemployed by 1932.
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In the 1930s did the economy experience high inflation?
No. In the early 1930s prices fell, and so did the money supply. The period of intense inflation in Germany was 1919-23.
What caused the 1974 recession?
My dick
Is unemployment insurance an example of economic policy?
No, because the economic policy is basiccly jobs and unemployment would be the oppisite of that. So yeah.
What has been the result of the United states buying so many goods from other countries?
increase in unemployment in the united states
What was a major economic change in the 1920s?
an extremely high unemployment rate and low gross domestic production
Why is it possible for many nations in Europe to heve high rates of unemployment without also having widspread unrest?
The underlying assumption - that there is unrest, disorder, rioting and so on when unemployment is high - is incorrect.
Why is the unemployment rate in Idaho so high?
Ask Barack Obama.
In the 1930s did the economy experience high inflation?
No. In the early 1930s prices fell, and so did the money supply. The period of intense inflation in Germany was 1919-23.
What is a good profession to go to school for with the economic struggles we are facing and unemployment being so high?
Nursing
What caused the 1974 recession?
My dick
Cause bank failures in the 1930s?
The stock market crashes, and led to people taking out their stocks. This then led to unemployment, and people needed money so they took everything out of their banks. This then led to the banks failing.
How high was unemployment during the Great Depression?
The history books record that unemployment reached as high as 25% in the USA during the Great Depression. What is often not appreciated is that, in those days, 25% unemployment meant that 25% of HOUSEHOLDS and FAMILIES were without any means of support. Many more people felt the impact of the loss of a job in the 1930s, because a family typically only had one breadwinner in those days (and on top of that, unemployment benefits or other governmental safety nets were very rare). Today, with so many families having both heads working outside the home, one spouse can remain employed while the other is unemployed. This reduces greatly the impact of a given percentage unemployment on a particular family. Today's estimated 17% unemployment in the USA (which includes long-term unemployed and discouraged workers, not just those receiving unemployment compensation) is at a "depression" level of unemployment, though the impact is as yet not as severe as the unemployment of the 1930s. At least 25 percent
In summer southern europe often has high pressure what effect does that have on the climate?
High pressure means nice weather, so Southern Europe often has nice weather.
Why did the The Great Depression led to high unemployment for many companies?
The unemployment rates were so high during 1931-1935 because barely any one had jobs due to the fact that businesses were closing because their stocks were worth nothing since the banks went bankrupt.
Why does Saudi Arabia have so many guest workers when its unemployment rate is high?
They're not ready for that positions,,nor qulifications is low
Is there Unemployment extension in Ohio?
If Ohio does get the unemployment extension, it will only be 7 weeks. Some states that have a high unemployment rate (6% or higher) will get 13 weeks. edit: This answer is incorrect. Ohio's current unemployment rate is 7.3%, so Ohio qualifies for the full 13 weeks. http://money.cnn.com/pf/features/lists/state_unemployment/index.html
Is high a verb or an adverb?
High is an adjective as in 'the apple tree is 20 feet high' High is an adverb as in 'to a high degree' High is a noun as in 'a record high for unemployment'
