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What countries had an economic growth during the great depression?
During the Great Depression, some countries, such as the Soviet Union, experienced economic growth due to their state-controlled economy and focus on industrialization. Other nations, like Germany, also saw recovery and growth as they implemented aggressive government policies, including rearmament and infrastructure projects. In contrast, most Western nations faced severe economic downturns, with high unemployment and deflation. Overall, the experiences varied significantly depending on the specific policies and economic structures of each country.
Economic growth is the aspiration of all developing countries Discuss whether it is always better to have economic growth in all economy?
I think economic growth is an aspiration in an developing countries I think economic growth is an aspiration in an developing countries
Why would a government choose to spend more money than it collects in taxes during a recession or a depression?
Spending increases demand and can encourage economic growth.
What is the term for economic growth after a depression or recession?
Nothing. There is no such thing. Probably a war will ensue.
Why was an increase in domestic manufacturing a good response to global economic depression for Latin America?
An increase in domestic manufacturing during the global economic depression provided Latin America with a means to reduce reliance on foreign imports, which were often constrained by international trade disruptions. By fostering local industries, countries could create jobs, stimulate economic growth, and enhance self-sufficiency. This shift not only helped mitigate the immediate impacts of the depression but also laid the foundation for more sustainable economic development by diversifying their economies. Additionally, it empowered local businesses and encouraged innovation within the region.
What countries had economic growth during the Great Depression?
The Soviet Union
What countries had an economic growth during the great depression?
During the Great Depression, some countries, such as the Soviet Union, experienced economic growth due to their state-controlled economy and focus on industrialization. Other nations, like Germany, also saw recovery and growth as they implemented aggressive government policies, including rearmament and infrastructure projects. In contrast, most Western nations faced severe economic downturns, with high unemployment and deflation. Overall, the experiences varied significantly depending on the specific policies and economic structures of each country.
Economic growth is the aspiration of all developing countries Discuss whether it is always better to have economic growth in all economy?
I think economic growth is an aspiration in an developing countries I think economic growth is an aspiration in an developing countries
What explains how economic growth during World War 2 helped end the Great Depression?
Jobs gave people money to spend
Why would a government choose to spend more money than it collects in taxes during a recession or a depression?
Spending increases demand and can encourage economic growth.
What is the term for economic growth after a depression or recession?
Nothing. There is no such thing. Probably a war will ensue.
What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
Which country experienced a steady increase in GDP per capita during the great depression?
During the Great Depression, countries like the Soviet Union experienced a steady increase in GDP per capita. The Soviet government implemented a series of industrialization and collectivization policies that, despite causing significant social upheaval, contributed to economic growth. In contrast to many Western economies that struggled during this period, the Soviet Union's focus on state-driven industrial expansion allowed it to maintain positive economic momentum.
How do countries know if their economic systems are working?
If a countries economy, growth, and employment are strong they have a good indication that their economic systems are working.
Why was an increase in domestic manufacturing a good response to global economic depression for Latin America?
An increase in domestic manufacturing during the global economic depression provided Latin America with a means to reduce reliance on foreign imports, which were often constrained by international trade disruptions. By fostering local industries, countries could create jobs, stimulate economic growth, and enhance self-sufficiency. This shift not only helped mitigate the immediate impacts of the depression but also laid the foundation for more sustainable economic development by diversifying their economies. Additionally, it empowered local businesses and encouraged innovation within the region.
If the Asian countries faces decline in economic growth how will their currencies values be affected relative to the us dollar?
if Asian countries faces decline in economic growth then the value of dollar will appreciates with these currencies
What happened in between the period of 1900 to 1945?
global economic growth slowed;trade policies changed;economic depression;rearmament for war.
