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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.
What else can I help you with?
The agricultural region Argentina's economy depends on?
The economy of Argentina's agricultural region depends on the expansion of the national market. Greater diversification of farm output and he expansion of social overhead capitol have an effect on the agricultural economy as well.
What are the Effect of mono economy?
A mono economy refers to an economy heavily dependent on a single industry or sector. The effects of a mono economy include vulnerability to fluctuations in that industry, lack of diversification leading to economic instability, and limited opportunities for growth and development in other sectors. Additionally, a mono economy can hinder innovation and resilience in the face of external shocks.
Why was the nations economy sick in the late 1920?
It was the start of the great depression. More people lived in the streets then in actual homes, the prosperous beginnings of America where coming to an end. The great depression had a lasting effect on how Americans view themselves and there government.
How did the war effect the Americas economic system?
World War II is actually what completely brought the United States out of the Great Depression. In the beginning of the war, similar to what we did in WWI, we sold weapons, ammunition, and other war materials to the Allies in Europe. This greatly helped out economy and brought us out of the Depression.
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
True or false The Great Depression although felt worldwide during the 1930s had no effect on the Japanese economy?
False
What was the effect of civil war on US economy?
The effects are it declined the economy miserably and sent them into the Great Depression
The agricultural region Argentina's economy depends on?
The economy of Argentina's agricultural region depends on the expansion of the national market. Greater diversification of farm output and he expansion of social overhead capitol have an effect on the agricultural economy as well.
What effect's did the dust bowl have on the people during that time?
depression.
WHAT was the unemployment rate during the great depression for African Americans?
The Depression did have some sort of effect on the African Americans, but not as much as the White people. During the Great Depression, the African Americans explored more in the arts and literature part of life. They introduced a new type of music to the world... Jazz. They had been somewhat succesful during this time.
What effect did the Great Depression have on minority groups such as Mexican and African Americans?
discriminatory practices worsened during the great depression.
What effect did the great depression have on minority such as African Americans and Mexican Americans?
discriminatory practices worsened during the great depression.
What effect did the great depression have on minority groups such as Mexican and African-Americans?
discriminatory practices worsened during the great depression.
What is the world wide depression?
World wide depression is nothing but the effect of Recession. Due to Economy Recession many people lay off and pink slips, this caused depression to the victims since the recession is sheer global economy, the depression raised globally.. Let me know if you need further deep dive. -Jitendra Nath Palem
What was the effect on orphanages during the Great Depression?
i don't know, look in a book
How did World War 2 effect the great american depression?
Ended it by providing millions of jobs to the unemployed and they had money to spend stimulating the economy
Explain the domino effect which caused great depression?
The Stock Market Crash of 1929, had a domino effect when one incident knocked over the other making the entire economy to crash.
