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What were the Economic causes for the new imperialism?

Some Economic causes for Imperialism include: -search for new markets and competition for these new markets by the great powers. -want to gain profit from places such as Asia and Africa. -Need for natural resources such as coal to help power industries.


What do supporters of the supply side economics believe?

Supporters of supply side economics believe in low marginal tax rates as high taxes have a negative influence on economic output. They believe that economic growth can be most effective when there is a great supply of goods and services at low prices.


How did closed trade markets affect the US economy after World War 1?

After World War I, closed trade markets led to economic turmoil in the U.S. as they restricted exports and limited access to international markets. This contributed to overproduction and a surplus of goods, which drove prices down and hurt American farmers and manufacturers. The resulting economic dislocation was one of the factors that contributed to the onset of the Great Depression in the 1930s, as demand weakened and unemployment rose. Ultimately, these closed markets hindered recovery and growth in the post-war economy.


What is economic continuum?

The continuum of faith in free markets:Marxist-no faithKeynesian-some faithChicago School-great faithAustrian School-complete faith(I am "post-Chicago," so perhaps "good faith" or an original Smithian, Classical School. Our goal should be competitive markets not free markets.)visit http://sorenlaw.blogspot.com/


What is the relevance of the great depression to the evolution of macroeconomics?

The Great Depression profoundly influenced the evolution of macroeconomics by highlighting the limitations of classical economic theories, which assumed self-correcting markets. In response to the widespread economic collapse, economists like John Maynard Keynes advocated for active government intervention to stabilize economies, leading to the development of Keynesian economics. This shift emphasized the importance of aggregate demand, fiscal policy, and the role of government in managing economic cycles, fundamentally altering macroeconomic thought and policy frameworks. The lessons learned from the Great Depression continue to shape economic policies and theories to this day.

Related Questions

What great thinkers were there?

who are some of the great thinker of the past


What events led to the stock markets Great in 1929?

Depression? I believe the aftermath of a huge World war caused that.


How can you become a great thinker?

i need answers badly


Which great thinker not in Athens socrates Plato or maimonides?

maimonides


What were the Economic causes for the new imperialism?

Some Economic causes for Imperialism include: -search for new markets and competition for these new markets by the great powers. -want to gain profit from places such as Asia and Africa. -Need for natural resources such as coal to help power industries.


What is a sentence with the word thinker in it?

The philosopher was a great thinker.The best thinker invented a new product.


What great thinker's ideas started an age of political change?

Nietzsche


Who was considered China's Great Thinker?

ching chong the china man


What great thinker was not known to wax philosphic around the streets of Athens?

Maimonides


What did John Maynard Keynes believe caused the great depression?

John Maynard Keynes believed that the Great Depression was primarily caused by a lack of aggregate demand in the economy. He argued that insufficient consumer spending and investment led to widespread unemployment and business failures. Keynes criticized the classical economic theory that advocated for self-correcting markets, asserting instead that government intervention was necessary to stimulate demand and restore economic stability. His ideas laid the foundation for modern macroeconomic theory and policies aimed at managing economic cycles.


What do supporters of the supply side economics believe?

Supporters of supply side economics believe in low marginal tax rates as high taxes have a negative influence on economic output. They believe that economic growth can be most effective when there is a great supply of goods and services at low prices.


What economic condition did the economist John Maynard Keynes believe caused the Great Depression?

Strict control on stock speculation