The Great Depression had severe economic effects across Europe and Australia in the 1930s. In the UK, industries and exports declined sharply after 1929. The UK abandoned the gold standard in 1931, devaluing the pound and boosting exports. High unemployment led the government to cut wages and spending. Rearmament from 1936 and Keynesian policies after WWII helped recovery. The Depression weakened democracies and strengthened fascist movements in Germany and Italy. Australia's export-reliant economy suffered badly with unemployment reaching 29% in 1932.
This covers all of how America got into World War One through how we helped end the war in Europe. It also at the end discusses the treaty of Versailles.
Social impact of the great depression and new deal Elhem Chniti
This the second and last lecture on the Great Depression and the New Deal. The Social impact is analyzed Under the lens of the family, gender and minorities.
The Treaty of Versailles was the most important of the peace treaties that brought World War I to an end. The Treaty ended the state of war between Germany and the Allied Powers. It was signed on 28 June 1919 in Versailles, exactly five years after the assassination of Archduke Franz Ferdinand. The other Central Powers on the German side of World War I signed separate treaties. Although the armistice, signed on 11 November 1918, ended the actual fighting, it took six months of Allied negotiations at the Paris Peace Conference to conclude the peace treaty. The treaty was registered by the Secretariat of the League of Nations on 21 October 1919.
This covers all of how America got into World War One through how we helped end the war in Europe. It also at the end discusses the treaty of Versailles.
Social impact of the great depression and new deal Elhem Chniti
This the second and last lecture on the Great Depression and the New Deal. The Social impact is analyzed Under the lens of the family, gender and minorities.
The Treaty of Versailles was the most important of the peace treaties that brought World War I to an end. The Treaty ended the state of war between Germany and the Allied Powers. It was signed on 28 June 1919 in Versailles, exactly five years after the assassination of Archduke Franz Ferdinand. The other Central Powers on the German side of World War I signed separate treaties. Although the armistice, signed on 11 November 1918, ended the actual fighting, it took six months of Allied negotiations at the Paris Peace Conference to conclude the peace treaty. The treaty was registered by the Secretariat of the League of Nations on 21 October 1919.
Geschiedenis: Weimar Crisis
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Totalitarianism in Interwar Europe (Causes of World War II)Tom Richey
While Woodrow Wilson hoped that Europe would be made "safe for democracy" after World War I, interwar Europe was anything but safe for Democracy. Governmental collapse, nationalism, and economic problems all led to the rise of Totalitarian dictators in the USSR, Italy, Germany, and several other European nations. The rise of totalitarianism was one of the key causes of World War II.
Explain how the current economic recession differs from the depressio.pdfrozakashif85
Explain how the current economic recession differs from the depression in the 1930\'s.
Solution
The Great depression was worldwide. It was due to the collapse of the international financial
system It also resulted from the mutual adoption by many countries ( including USA) of high-
tariff policies, which were intended to keep out foreign goods in order to protect domestic
producers. The policies were called \"beggar thy neighbour\" strategies since they attempted to
\"export\" unemployment by improving one country\'s trade position and hence demand for its
goods at the expense of its trading partners And , of course, if each country keeps out foreign
goods, the volume of world trade declines, providing a contractionary influence on the world
economy
Almost every country suffered a deep recession in the 1930s, but some countries did better than
USA Sweden began an expansionary policy in the early 1930s and reduced its unemployment
relatively quicker Britain\'s economy suffered high unemployment but in 1931 it went off the
gold standard and the ensuing devaluation of the pound sterling set the stage for some
improvement. Germany grew rapidly after Hitler came to power and expanded government
spending. China escaped the recession until after 1931, because it had a floating exchange rate.
In 1938, real GNP in US rose above its 1929 level for the first time in the decade, but it was not
until 1942 , after the US formally entered world war II , that the unemployment rate finally fell
below 5%
The experience of the US in the early 1980s- the worst recession since the Great Depression,
casts doubt on the optimistism of recovery. During the 1980s, the US experienced the largest
sustained budget deficits in its peacetime history. Even so cutting spending or raising taxes was
not politically popular. Gradually, in the 1990s, the deficit began to be brought under control,
and toward the end of the decade the budget swung into surplus.This was due to raising the
prices and government spending.
By,
Nishant Bhatt.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
2. OUTLINE
DEFINITION
EFECTS OF THE GREAT DEPRESSION IN EUROPE
ECONOMICAL SITUATION OF THE U.K. AFTER 1929
WHAT HAPPENED IN 1929
ECONOMICAL SITUATION BEFORE 1929
HOW THE U.K. GOT OUT OF THE GREAT
DEPRESSION
GREAT DEPRESSION ON EUROPE AND AUSTRALIA
3. The Great Depression was a huge economic
decline that occurred in the 1930’s.
The effects of the G.D.:
A sharp decline in prices, profits, income and
international trades.
Massive unemployment.
The appearance of political upheaval in several
European countries, such as Germany, Italy and
Russia.
4. After 1929
The UK was at war against Germany and
avoided being indebted by paying for their own
war.
The British Merchant Navy was bombed by the
enemy and lost 40% of their merchant fleet.
The UK also lost 20% of its investments abroad
5. Winston Churchill (Chancellor of the Exchequer)
restored the Pound Sterling to the gold standard
at its prewar rate.
The industries area was the most affected.
The workers called to a General Strike on May
1926, and the transports area joined the strike.
6. 1929
May: a minority Labour government was
elected. They had little or just lacked from
any knowledge of economy and the same
goes to experience of running economy.
October: there was a mayor crash on the New
York’s stock.
7. Before 1929
1930: there were nearly 2.5 million
unemployed, and the exports value had fallen
in 50%.
1931: the government urged public sector
wage cuts in public spending specially in
benefit payments to the unemployed, to
avoid a budget deficit.
8. 1931: split of the Labour party and creation of a
National Government of Conservative and
Liberal mayority.
September 21, 1931: the government was forced
to abandon the Gold Standard. Immediately
after that, the exchange rate of the pound fell
from $4.86 to $3.40, easing the pressure on
exporters.
9. Actions taken by the National
Government
The creation of an emergency budget, which
instituted a round of cuts in public spending
and wages.
Public sector wages (salaries) and
unemployment were cut by 10%.
The income tax was raised from 22.5% to
25%.
The drop of the Gold Standard.
10. “Recovery”
The abandon of the Gold Standard led to a
necessarily devaluation of the pound, making
the UK competitive on world markets.
The government applied several policies to
reduce unemployment, such as road building,
loans to shipyards, and tariffs on steel
imports.
From 1936, began a massive rearmament
policy to face the rise of the Nazi Germany.
11. Consequences
The defeat of Winston Churchill at the 1945
elections, because people blamed the
economical policies of the pre-war
government for the hardships of the 1930’s.
The establishment of a tax funded National
Health Service.
Keynesian economic policies were enacted to
create artificial economic demand to prevent
unemployment.
All of the above: Post-war Consensus.
12. Great Depression in the rest of
Europe
France (1931): the damage was less
catastrophic than in other countries, due to
the high-degree of self-sufficiency that
France had.
Germany: this country was hit hard by the
depression. The Nazi (NSDAP) and
Communist (KPD) parties rose. Hitler and the
Nazi party came to power in January 1933 and
initiated the paths to World War II.
13. Netherlands (1931-1937): suffered a deep and
long depression. The late dropping of the Gold
Standard contributed to the prolongation of the
crisis.
Spain: it began with the resignation of the Prime
Minister, the ousting of King Alonso XIII and the
establishment of a feeble democracy, which had
many social and economic problems, that led to
the general election of 1936 and the Spanish
Civil War, culminating in the dictatorship of
Francisco Franco.
14. Sweden: in Sweden, the Depression led to
political and social changes, such as the first
government of the Social Democrats in 1932.
Italy: Persistent decline in international trade,
Large fall in hours worked and production in the
tradable sector, but negligible, changes in the
nontradable sector, Large fall in investment,
Stability of the real wages. The Uprising of
Benito Mussolini and the Fascists.
15. Russia (URSS): while the rest of the World was
struggling, the Soviet Union was prospering.
Many Americans and Germans came to the
USSR because they couldn't get jobs in
Depression era USA or Europe. Stalin
nationalized the land that the peasants worked
on, their livestock and any machinery they
owned, it also paid them wages, rather than
them paying themselves out of money made
selling their crops. Millions died in Ukraine in the
1930’s as a direct result of collectivization.
16. Great Depression in
Australia
it was very hard on Australians because this
country was very dependent of the
agricultural and industrial exports, and these
were the most affected areas during the
Depression. Unemployment reached their
highest rate in this country ever (29%) in
1932. After this year (1932), the rise of the
wool and meat fields allowed the slow
recovery of the economy of Australia.
17. European economy didn’t recovered until 1944-
1945, with the end of World War II, and this War
is considered a mayor consequence of the Great
Depression.
18. Terminology
Gold Standard: monetary system in which
the economic unit of account is a fixed mass
of gold. For example, if Venezuela fixes the
value of one Bolivar in 3 bars of gold, each bar
weighing 1 kg of solid gold, and this bar of
gold’s price is fixed in 100 dollars, we can
change our Bolivar in 100 dollars for
economical transaction, if required.
19. Keynesian economics: school of macroeconomic
thought based on the ideas of 20th-century English
economist John Maynard Keynes.
Keynesian economics advocates a mixed economy
— predominantly private sector, but with a
significant role of government and public sector —
and served as the economic model during the later
part of the Great Depression, World War II, and the
post-war economic expansion (1945–1973), though
it lost some influence following the stagflation of
the 1970s. The advent of the global financial crisis in
2008 has caused resurgence in Keynesian thought.
20. Exchequer: is a government department of the
United Kingdom responsible for the
management and collection of taxation and
other government revenues.
Chancellor of the Exchequer: is the title held by
the British Cabinet minister who is responsible
for all economic and financial matters. The
current Chancellor is George Osborne, since 11
May 2010.