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Globally, production, trade and prices slumped as finance dried up, incomes fell and governments initially responded by slashing spending, exacerbating the downturn in consumption and investment. Protectionism deepened the decline in international commerce. In Germany, anger at economic conditions and loss of confidence in the Republic helped bring the Nazis to power. Japan sought to ease its problems by conquering Manchuria, undermining international security.
In the United States national income fell by 30% in real terms, millions lost their jobs, banks failed and farmers faced ruin as prices tumbled. The new Roosevelt Administration responded by devaluing the dollar and instituting a package of expansionary economic and social programs known as the New Deal. Many see it as a bold response which saved the US from further economic decline and social disruption, others as the start of an unwelcome increase in government intervention and spending.
What else can I help you with?
What problems did teachers writers and artists faced during the depression?
Teachers, writers, and artists faced many problems during the Depression. There were lack of jobs which caused financial hardships, no food, loss of shelter, and much more.
What are the problems faced by the people during drought?
They would have a problem of water. The crops would have demolished and The animals and humans would die.
What pressure did the American family experience during the great depression?
families faced the pressure of not having enough money and food and often lived in slum buildings or on the street. during this point in time there were also many socail and racail bondries people faced
What were problems nelson Mandela faced during apartheid?
he faced the oroblem of unity between people.
Why did the nation faced problems under the articles of confederation?
The people faced problems with inflation high state taxes rebelilon and unrest
What problems did teachers writers and artists faced during the depression?
Teachers, writers, and artists faced many problems during the Depression. There were lack of jobs which caused financial hardships, no food, loss of shelter, and much more.
What were some problems with transportation during the Great Depression?
the difficulties that are faced is high cost, time consumption, affordability........
What were the problems faced by the people during the revolution?
The Great Terror.
What were the major problems that industries faced in the Great Depression?
penis
What problems did working women face during the Great Depression?
Women who worked faced numerous problems during the Great Depression including low wages, harsh working conditions and not being treated equally as men. They also were given menial jobs.
Problems that black people faced during Marcus garvey times?
find out yourself
Problems faced by people of Myanmar during dictatorship?
they don't have equal voting rights
What problems occurred when James Madison was president?
what problems did James Madison encounter during his life time
What other country faced a depression during the same time as the US did?
your mums country
What problems did retired workers faced in the depression?
Issues of responsibilities needed to be cared for but deprived of by retirement, in an elaborated sense...
Problems faced by Europe after World War 1?
loss of land loss of food depression Hitler uprising ;'(
What are the problems faced during WINTERS only?
snow storms
