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Inflation and Taxes. As the price of goods and services went up, the value of money went down (inflation). When Spain expelled the Jews and Moors, it lost some of its most valuable artisans. The nobles didn't have to pay taxes leaving the burden of tax paying on the lower class.
What else can I help you with?
Does a downturn in the economy hurt all companies?
A downturn in the economy does not hurt all companies equally; some may even benefit. Industries such as discount retailers or essential services often see increased demand during economic slowdowns, while luxury brands and non-essential sectors typically suffer. Additionally, companies with strong financial reserves and adaptability can navigate downturns more effectively than those with weaker structures. Overall, the impact varies significantly based on the industry, business model, and management strategies.
What is a period of low economic activity and rising unemployment called?
If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.
What did the world economy depend on the strength of the you US Economy in the 1920s?
In the 1920s, the world economy was significantly influenced by the strength of the U.S. economy, which emerged as a dominant global power following World War I. The U.S. experienced rapid industrial growth and consumerism, leading to increased exports and foreign investments. Many countries relied on American goods, capital, and financial markets, creating a web of economic interdependence. This reliance contributed to the global impact of the U.S. economic downturn during the Great Depression at the end of the decade.
How does the government typically change physical policy to try to improve the US economy during a recitation recession recession?
In such circumstances, it would be prudent, even necessary, and certainly .their typically blindly loyal followers in emerging market economies continue Such fiscal spending should not only seek to buffer the economic downturn
How was Georgia affected by drought during the great depression?
During the Great Depression, Georgia faced severe drought conditions that exacerbated the economic hardships of the era. The lack of rainfall devastated crops, particularly cotton, which was a staple of the state's economy, leading to widespread agricultural failure and increased poverty among farmers. This drought, coupled with the economic downturn, resulted in significant population displacement as families sought better opportunities elsewhere, contributing to the overall struggles of the region during this time. The combination of these factors left lasting impacts on Georgia's economy and rural communities.
Why was a severe downturn in oil prices during the earlys detrimental to the soviet economy?
It was an oil-exporting nation
Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?
It was an oil-exporting nation
What is meant by the term 'paradox of thirft'?
The paradox of thrift refers to the idea that if everyone saves more money during an economic downturn, it can actually harm the economy as a whole by reducing overall spending, leading to decreased demand for goods and services, which can further exacerbate the economic downturn. In other words, what may be good for individuals in the short term (saving more) can have negative consequences for the economy as a whole.
What did Spain do During World War 1. Were they invovled in any way. Howdid it affect their lifestyle?
During ww1 Spain was and remained neutral through out the war. Although Spain was neutral it played a great role in sending supplies to France, Germany and many other European nations. Spain also sent suplies to many South American nations. This affected Spains lifestyle by not only increasing the Spanish economy but it tripled Spains gold reserves and the Spanish people lived a brief age of wealth!
Has the down turn in economy hurt the profession of strippers?
Studies have shown that alcohol is one of the products which is purchased more frequently during an economic downturn. Strip clubs are a popular destination for purchasing alcohol and for those who are intoxicated. As a result, strippers have maintained their clientele and their profession has not been harmed by the current economy.
How did the automobile economy have a problem during the great depression?
During the Great Depression in the US, almost all businesses were hurt by this serious economic downturn. This included US auto manufacturers. With unemployment rates near 25%, car sales were hit hard, and as with other industries there were layoffs of workers.
What is keynesianism and how does it work?
Keynesianism is an economic theory that advocates for government intervention in the economy, particularly during times of economic downturn, to stimulate demand and spur growth. It emphasizes the role of aggregate demand in shaping the overall economic output. This can be achieved through measures like government spending programs and monetary policies to stabilize the economy.
What caused the economic downturn during the first 2 years of George W. Bush Presidency?
911
During the reign of the Estates-General was formed?
Philip the fair
What is a period of low economic activity and rising unemployment called?
If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.
One of the richest parts of Philip II's empire was?
The silver mines of Potosi in modern-day Bolivia were one of the richest parts of Philip II's empire. The mines produced vast amounts of silver that contributed significantly to the Spanish economy during the 16th century.
What powers does the president have durning a great depression?
Unlike war, the powers of the president do not change in an economic downturn. If you mean what can the president do that directly affects the economy, the main thing would be declare a bank holiday, which FDR did to stop the run on the banks. After the creation of the FDIC the runs on the banks were not needed as money was insured by the federal government. The person who really controls the economy especially during an economic downturn is the Federal Reserve chairman, in this case Ben Bernanke. He or she can raise or lower interest rates in order to increase the money supply or restrict it depending on what is need.
