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The Soviet Union
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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.
What characterize the time period from 1900 to 1945?
People around the globe were now linked into an emerging global system economically, politically, and culturally. A.K.A global economic growth accelerated Within this system, some countries and groups accumulated great wealth and power, while others fell into economic and political decline. A.K.A economic depression TG
The new globalizers are countries that are what?
enjoying increased international trade and rapid economic growth
Which country was least affected by the Great Depression?
Korea and russia where examples of this, in fact russia had economic growth! the soviet union
What was a common trait of people during the Depression?
People during the Depression had seen the Wall Street Crash. They were queueing in bread lines, penny-pinching and cursing Hoover for the boom that had now burst. The consumer bubble that had caused huge economic growth had now come to its end and the Depression signalled the beginning of the 'forgotten man'. The man who was homeless, starving and calling on the government to put an end to the misery and provide answers, jobs and benefits.
Which countries had economic growth during the great depression?
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.
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.
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.
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.
