0
Key basic industries, such as steel, coal, and textiles, lost business during the Great Depression due to a dramatic decline in consumer demand and widespread unemployment. As incomes fell and banks failed, people cut back on spending, leading to overproduction and excess inventory in these sectors. Additionally, global trade collapsed, and many industries faced intense competition from cheaper foreign imports. These factors collectively contributed to significant downturns in production and profitability for these industries.
What else can I help you with?
How the Great Depression affected the basic needs such as food and shelter?
Many people were out of job during the Great Depression...-this effected the poor in many ways so maintaining a shelter and food was very difficult to them
What rose during the Great Depression?
During the Great Depression, the demand for certain goods, such as basic food staples and household essentials, rose as people sought to maintain their basic needs amidst widespread economic hardship. Additionally, the popularity of certain entertainment forms, like movies and radio, increased as they provided an escape from daily struggles. Furthermore, the role of government programs, such as the New Deal, rose in prominence as they aimed to provide relief and support to the unemployed and distressed populations.
What challenges are average Americans facing during the great depression according to this song?
In the song reflecting the Great Depression, average Americans face severe economic hardships, including widespread unemployment and poverty. Many struggle to provide basic necessities for their families, leading to feelings of despair and hopelessness. The lyrics highlight the emotional toll of financial instability and the sense of uncertainty about the future, capturing the pervasive sense of loss and disillusionment during this period.
In the 1930's during the great depression what type of electronics did they have?
During the 1930s, electronics were relatively limited compared to today. The most common household electronic was the radio, which became a vital source of news and entertainment during the Great Depression. Other devices included basic phonographs and early models of electric refrigerators, though widespread adoption of more advanced electronics, like televisions, would not occur until later. Overall, the focus was primarily on practical devices that provided communication and entertainment.
What happened to people with no jobs during the great depression?
During the Great Depression, millions of people lost their jobs as businesses closed and unemployment soared. Many faced extreme poverty and struggled to meet basic needs, leading to widespread hunger and homelessness. Families often relied on soup kitchens and government assistance for survival. The societal impact was profound, with significant psychological effects and a shift in public attitudes toward government responsibility in economic crises.
How did lack of diversification effect the economy during the Great Depression?
Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.
Two of the United States basic economic problems during the Depression?
Germany & France
What two basic problems did the US face during the depression?
Well there weren't just 2 basic problems there were many BASIC problems in the great depression. One of them was a lot of people were running low on money so they stopped using money and switched to their new system of credit.
What is the meaning of basic and consumer industries?
Basic industries produce the primary raw materials for factories to work. Consumer industries manufacture and sell products directly to the general public.
What are the basic resources of business?
Business Basic Resourcesmenmoneymachinesmethodsmarketsmotivation
How the Great Depression affected the basic needs such as food and shelter?
Many people were out of job during the Great Depression...-this effected the poor in many ways so maintaining a shelter and food was very difficult to them
What is business basic?
business basic is the understanding and use of technologies and resources in pursing fundemental business principles and practises
Who was it paid to and how much the susso?
The susso was paid to unemployed individuals in Australia during the Great Depression. The amount of payment varied but was generally minimal to provide basic necessities.
What is the full form of SABIC?
SABIC stands for Saudi Basic Industries Corporation. It is a global diversified chemical company headquartered in Riyadh, Saudi Arabia.
What is basic mathematics for business?
Arithmetic and algebra are some of the basic maths used in business. Statistics are also used in the business world.
Why should you need basic accounting as a business student?
Basic accounting is a requirement for all business majors.
How much did it cost to buy a sweater during the great depression?
During the Great Depression, the cost of a sweater could vary greatly depending on the quality, brand, and location. On average, a basic sweater could cost anywhere from a few dollars to around $10, which was a significant amount considering the economic hardships of the time.
