What two developments of the 1920s are considered underlying causes of the 1930s depression?
There are actually six underlying causes that are believed to be the reason for the Great Depression. Of course people assume that it started on Black Tuesday, Oct. 29, 1929, when the stock market crashed, but here are six of the UNDERLYING causes.
-Over-production and over-expansion
-Canada's dependence on the United States
-Canada's dependence on a Few Primary Products (Staples)
-Too much buying on credit
-Too much buying on credit of stocks
-High tariffs choked off international trade
There is a simple rule of economics that industrialists seemed to have forgotten: only produce as many goods as you can sell. They became overwhelmed, i suppose. Even in the general prosperity, many families could still not afford to purchase the many goods that were being produced. The goods became an overflow that had to be stored in warehouses. Factory workers were laid off, meaning their families has even less money to spend on goods.
The United States is one of Canada's most important trading partners. When the depression hit the United States, banks closed. Industries collapsed, and people were out of work as factories closed down. No longer did Americans need to buy Canada's supplies. It was inevitable that Canada's economy suffer as well.
Canada's economy depended heavily on a few primary products, known as staples. These included wheat, fish, minerals, and pulp and paper. In the late 1920s, Canada faced competition with other wheat-exporting companies such as Argentina and Australia. With a surplus of wheat in the world marker, the price of wheat began to fall. To add to the problem, western farmers were faced with terrible droughts in the summers of 1929, 1931, and 1933-1937. Without adequate rainfall, crops failed. with little income, farmers could not afford to purchase machinery and manufactured goods from eastern Canada.
All through the 1920s, Canadians were encourage to "buy now, pay later," unaware of the consequences it would have in the future. By 1929, credit buying was a well established custom. With credit buying, many families got them self hopelessly into debt. With interest payments, items often ended up costing far more than they were worth. As the depression worsened, many people lost everything. Their refrigerators, stoves, cars, and even homes were repossessed by their creditors.
Many people thought that the stock market was an easy way to get rich quick. This was because you did not have to have a lot of money to purchase a stock. All that was needed was a small down payment. A broker would lend you the rest of the money at a high interest rate. The idea was that as soon as your stocks went up in value, you could sell them. Then you pay back your broker, and pocket the profits. The risky process was called "buying on margin." Many people did not anticipate a nosedive in the stock prices. That is until Oct. 29, 1929. For a few hours that day, the value of most stocks in Toronto and Montreal nosedived by more than 50 percent.
While trying to rebuild after WWI, many countries adopted a new policy known as protective tariffs. To protect their home industries from foreign competition, they placed high tariffs on foreign imports. Export countries countered these policies with those of their own. The trades between countries began to slow down because no one could afford the tariffs.
How did France and Britain respond to fascist aggresion during the 1930s?
Their policy was to appease Nazi Germany because they knew that they didn't have the military ability to do anything about Hitler's expansionist plans.
Which action during the 1930's heightened tension between Japan and the US?
Japan began by expanding into China during the Second Sino-Japanese War in 1937. They then invaded French Indochina (Vietnam) to embargo all products coming into China, including those from the US. In retaliation the United States embargoed oil shipments . The Philippines, an United States territory was targeted by Japan. Finally, the straw that broke the camelâ??s back was the Japanese attack on Pearl Harbor in 1941.
What was life like in 1920-1930?
Life back then was very difficult. There was this war(well kind of like a war) called the Great Depression. That means life was very hard back then you couldn't buy things and their was less money back then to
"It was belief in master race" In my oppion the time wasted to kill the jews wasnt nessary in the sense that they could gain the tittle master race its very stupid and retared to think that.
What did Caroline Chisholm do to help Australia?
Caroline Chisholm did a great deal to help the underprivileged people in Australia during the early years of settlement. Chisholm moved to Australia as a young married woman, around 1830. She was shocked by the conditions experienced by women and new immigrants to Sydney who had supposedly come to Australia for a better life. Many of them had nowhere to live, so lived on the streets of the town. Initially, Caroline Chisholm took some of these women into her own home.
Begging the Governor for a building that could house new female immigrants, Chisholm was able to procure Immigration Barracks. She established it as a home for women who had come from overseas and had no jobs or relatives to care for them. While they were housed there, she also worked tirelessly to find employment for these women. Because of her efforts, she was able to close the Female Immigrants Home in 1842 because it was no longer needed.
Chisholm's next step was to return to England in order to improve the conditions of the migrants on the ships which brought them to Australia. She was unable to secure government support for migrating families, but she did manage to gain free passage to Australia for the wives and children of former convicts. Her nickname was "the emigrants' friend". Whilst in London, she established the Family Colonisation Loan Society. This society provided money needed by migrant families to travel to Australia, including chartering its own ships to transport the people. The society also organised for people in Australia to find employment for these new arrivals, whilst collecting the loan repayments once the migrants were established.
they wanted better living conditions for the people.
declaring that the depression had ended
Was appeasement the right policy in England in 1938?
The UK government had no choice but to offer appeasement in 1938 because its Armed Forces were so small there was nothing that they could do against Germany who had been preparing for war since 1933.
What was one the main goals of the Nazis in the 1930's?
Their primary goal was pretty much always to take total control of Germany. Once they did that in 1933-34, their new goal became to make sure that they stayed in power. They had other goals, like wiping out the Jews and conquering other countries, but those were just means to an end- their true goal was always to rule.
Why did people migrate to California in the 1920s and 1930s?
because of the farming and industrial options over there
How many Jewish refugees were admitted into the US during the 1930s?
Between 1933 and 1941 the U.S. accepted about 250,000 refugees from Germany and Austria and a small number fleeing the Nazis from other countries. The majority of these were Jews (as defined by the Nazis), but some of the refugees were political opponents of the Nazis and were not Jews.
False
Why did American labor make great progress during the 1930s than during the prosperous 1920s?
the Fair Labor Standards Act of 1938 provided workers with a minimum wage and a maximum workweek of 44 hours. The Wagner Act also gave employees the right to join labor unions.
Who was the leader of the Fascists in the Spanish Revolution of the 1930s?
yo mama.....jk i actually have no frekin clue....does anyone else know?
ANSWER
Francisco Franco.
What was Hitlers vision for Germany in the 1930s?
Hitler wanted revenge for Germany's loss of world war one. As he was getting higher and became the Furer he was constantly preparing for war and indoctrinating the people since their childhood.
"Give me the books and schools and I will control the nation"
"If you say a lie loudly and with authority, it becomes the truth"
-Adolph Hitler-
What major events happened in the 1930's?
A major event that happened in the 1930's was the depression caused by the stock market crash. The first supermarket opened in 1930. In 1931, the Empire State Building opened in New York. It was the world's tallest skyscraper.
What kind of leader was Adolf Hitler?
he was a dictator.
a very bad bad man.
who got killed by his own people.
Why did it make sense for big corporations to continue operating during poor economic times?
their operating costs were so small compared to their fixed costs
What was the population in Germany during the 1930's?
In the early 1930s about 62 million. The annexation of Austria and the Sudetenland in 1938 added about a furth 10 million inhabitants.
Who was the Emperor of Japan during the 1930's?
This includes the Japanese takeover of Manchuria in 1931 and the establishment of the puppet state of Manchukuo; the undeclared war against China which began in 1937, leading to the expansion into the Pacific and SE Asia following the attack on the US naval base at Pearl Harbor in 1941 (the takeover of French IndoChina, the attack on Malaya leading to the fall of Singapore, the takeover of the Dutch East Indies and the eventual bombing of Darwin and sub attack in Sydney harbor) i.e the setting up of what the Japanese called the Greater South East Asia Co prosperity Sphere.
Explain cause and effects of the Great Depression?
The Great Depression was caused by a vicious cycle Ð banks were lending too much money to people who could not pay the banks back. This caused thousands to go out of business as banks stopped lending money. At the same time, too many people were borrowing money to use on risky investments. This caused heavy debt. Since factories could not borrow money, they had to lay off people as demand for products dropped. By the time President Hoover reacted, it was too little too late. The effects of the Great Depression included a 25 percent unemployment rate, about 6000 banks closing, the marriage and birth rate declined sharply as did the US total production of goods and just about everybodyÕs income was cut in half leaving many homeless.
What conclusion is supported by the spread of the Great Depression in the 1930s?
Countries economies became more interconnected following World War I
APEX
Why did people vote for Hitler in the 1930S?
People voted for Hitler because they thought that Hitler could take them out from the recession that they were in. As Hitler was preparing for war, it meant that he would also create many weapon factories and etc, which in turn increases job demand. When the people had voted for him, they saw this sudden job increase, and turned towards him more for answers, believing the words he said.