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When the Great Depression began in 1929 the most common economic belief supported by the Republican Party was that the economy would recover on its own true or false?
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∙ 11y ago
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∙ 11y ago
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Why did the Republican Party Platform of 1860 anger the south?
The Republican Party supported a stronger federal government, the abolition of slavery, and high tariffs. The south was mostly Democratic, which supported states rights, slavery, and low tariffs. The south did not want to loose their slaves because they were used mostly for agriculture. Agriculture was the southern states' main industry. Finally, The Republicans' protective tariff policy had a negative affect on the southern economy.
How does the lobster help the economy?
The economic importance of lobster is tied to the food service industry, particularly seafood restaurants, for which lobsters are caught and harvested. Hence the economy is supported by concerns which equip suppliers, and that catch, process, or transport lobsters or lobster meat. Without human consumption of lobster they would have a negligible economic impact. Commercial aquaculture operations are somewhat unprofitable owing to the slow growth of the species and the lobster tendency to cannibalism.
What are some economic wants?
some economic wants are to have a cheapier economy, lower gas and receive John McCain
How did the Articles of Confederation deal with the economic conditions?
They tried to tax the colonies, but were not able to maintain the economy. Led to weak economic conditions.
What major issues were Roosevelt and democrats facing in the 1930?
RooRoosevelt and the Democrats were facing the Great Depression.
What economic system MOST supported the colonial economy?
A capitalist economic system is what supported the colonial economy. This meant that the economy was built upon people who could capitalize off of it.
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
Do you think Adam Smith supported industrialization why or why not?
Adam Smith supported industrialization because he believed in a free economy, to guarantee economic progress.
What is the economic depression?
While there is no formal textbook definition of a depression, it can be colloquially summarized as a really bad recession. A common rule of thumb is that a depression is a contraction where the economy (GDP) shrinks by 10% or more.
Which economic player did John Maynard Keynes feel was capable of restarting the economy during the Great Depression?
The government
An era from the end of the civil war to the turn of the 20th century featured what changes in the economy?
economic panics, and a depression.
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 is the difference between an economic recession and an economic depression?
An economic recession is "an extended decline in general business activity, typically three consecutive quarters of falling real gross national product and gross demostic product." An economic depression is "a period of drastic decline in a national or international economy.
What were the 3 major flaws in the US economy that led to great depression?
Political Weaknesses Economic Weaknesses Social Weaknesses
What was the old theory of how economic depessions should be solved?
Depression should be left to be solved themselves without the Government getting involved in the economy. oh and you misspelled "depression" too. :)
As the nation's economic system developed the economy experienced?
As the nation's economic system developed, the economy experienced both ups and downs. This means that as the economy was developing, there were economic booms where the economy was considered 'good' but also falls (or depressions) where times are considered 'bad.' These ups and downs are sometimes, but not always, cyclical when they appear, meaning that a depression will be followed by a length of time when the strength of the economy grows again.
What has the author Kanti Singh written?
Kanti Singh has written: 'The great depression and agrarian economy' -- subject(s): Agriculture, Depressions, Economic aspects of Agriculture, Economic conditions
