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What effect does economic depression have on the people living through it?
Wiki User
∙ 16y ago
An economic depression may make people thrifty and cautious, even those who are not particularly badly affected. They will, for example, see others losing their jobs and save rather than spend or invest. If prices fall and continue to fall, this is likely to create an expectation of falling prices. This is likely to lead many to postpone the purchase of non-essential goods and also to postpone investment decisions. Even when the economy picks up, many assumptions created by the depression are likely to linger. Obviously, all these observations are huge generalizations andthere are always exceptions. Joncey
Wiki User
∙ 16y ago
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How are the por responsible for their own poverty?
The current economy of the world is either a recession or a depression. Most people who are poor, are poor through no fault of their own. They are just living in a very bad economic conditions and have not been giving the same chances as other people have.
What is the importance of economic structure?
The economic structure determines how the resources in a country are divided up and it has major implications on what kinds of jobs or goods are available. It has a major effect also on the countries standard of living.
What was the economic system of the US?
With the exception of the depression era of the 1930's (the stock market crash of 1929), our capitalistic system of government has given the citizens of the US a very high standard of living.
What does a standard of living measure?
A standard of living measure is the economic position of the individual.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
what is the economic silent depression?
The economic silent depression is a non-validated time period that is compared to the Great Depression. Comparisons reflect how the US is currently suffering from an economic shift that is arguably more severe than that faced during the Great Depression. One of the factors used to make this claim is the comparison of wage to cost of living ratio. It is noted that there is a greater disparity in average salary and cost of living than what was seen then, although it has been noted in history as one of the worst economic downturns of all time.
How was China affected by the Great Depression?
China was severely affected by the Great Depression. The economic status of the country become worse and the general cost of living become unbearable.
What is a thesis statement for depression?
A thesis statement for depression could be: "Depression is a serious mental health condition that affects individuals' emotions, thoughts, and behaviors, leading to negative impacts on daily functioning and quality of life."
How was living through the Great Depression better in Iowa than Chicago or New York City?
cuz
How are the por responsible for their own poverty?
The current economy of the world is either a recession or a depression. Most people who are poor, are poor through no fault of their own. They are just living in a very bad economic conditions and have not been giving the same chances as other people have.
What are some of the limitations of the national income account in how they represent your standard of living?
the limitation that effect national income is base standard of living in the country if the country have a good policy of economic definitely the standard of living will be balance
What is the importance of economic structure?
The economic structure determines how the resources in a country are divided up and it has major implications on what kinds of jobs or goods are available. It has a major effect also on the countries standard of living.
In ancient Greece a group of people living together with the common purpose of taking care of each other through economic activity was called an.?
in acient Greece a group o fpeople living together with the common purpose of taking care of each other through economic activity was called a ?
How did the Japan policy of isolation affect Japan trade?
economic depression
What was the economic system of the US?
With the exception of the depression era of the 1930's (the stock market crash of 1929), our capitalistic system of government has given the citizens of the US a very high standard of living.
Consider this description of a person living in the 1930s. The economic hardships in my country led us to support a radical new political party that promises relief from the depression. Where does this person most likely live?
Germany :)
How did the political ecomic and social changes in the 1920s 1930s effect the daily life of Americans?
The political, economic and social changes affected the daily life of Americans in 1920s to 1930s in a huge manner. The main event during this time was the Great Depression which had mainly been caused by World War I and this made the cost of living almost unbearable for most people.Ê
