The depression in Europe gave rise to the dictators in Spain, Italy and Germany. People lost hope in democracies and wanted a strong leader to correct the problems. Strong leaders promised solutions to the problems in their countries.
How did European nations respond to the economic crisis?
how did Europe respond to the economic crisis? Britain preserved democracy by electing a multiparty coaltiion, increased tariffs and taxes and regulated the currency. France also maintained a democracy. Scandanavian countries did as well with Socialist governments.
How did the literature of the 1920’s reflect the uncertainty of the period?
The uncertainty and disillusionment caused by the war were reflected in the literature of the 1920s. The writers questioned traditional values/beliefs as well as religion as they tried to make sense of a broken world. Many sought refuge in ideas like Existentialism as they tried to make sense of their world.
What promises did Benito Mussolini make to the Italian people?
Fascism, he promised, would end political corruption and labor strife while maintaining capitalism and private property. It would make trains run on time.
How does Europe respond to covid19?
To help repair the economic and social damage brought by the coronavirus pandemic, kick-start European recovery, and protect and create jobs, the European Commission is proposing a major recovery plan for Europe based on harnessing the full potential of the EU budget.
How did the stock market crash of 1929 affect Europe?
The stock market crash of October 1929 led directly to the Great Depression in Europe. The effects of the disruption to the global system of financing, trade, and production and the subsequent meltdown of the American economy were soon felt throughout Europe.
Which country was worst hit by the Great Depression?
The Great Depression which followed the US stock market crash of 1929 badly affected the countries of Latin America. Chile, Peru, and Bolivia were, according to a League of Nations report, the countries worst-hit by the Great Depression.
What countries were hit the hardest by the Great Depression?
The Depression hit hardest those nations that were most deeply indebted to the United States , i.e., Germany and Great Britain . In Germany , unemployment rose sharply beginning in late 1929 and by early 1932 it had reached 6 million workers, or 25 percent of the work force.
What was the biggest cause of the stock market crash?
Among the more prominent causes were the period of rampant speculation (those who had bought stocks on margin not only lost the value of their investment, they also owed money to the entities that had granted the loans for the stock purchases), tightening of credit by the Federal Reserve (in August 1929 the discount ...
How many times has the market crashed?
Famous stock market crashes include those during the 1929 Great Depression, Black Monday of 1987, the 2001 dotcom bubble burst, the 2008 financial crisis, and during the 2020 COVID-19 pandemic.
What was the worst day in the stock market?
The worst day in the history of the index was October 19 1987, when the index value decreased by 22.61 percent. The largest single day loss in points was on May 2, 2018.
What were three major reasons that led to the stock market crash?
By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.
Who lost the most money in the 1929 crash?
Eddie Cantor
What caused the stock market crash 2020?
What caused the 2020 stock market crash? The 2020 stock market crash was mostly caused by the spreading coronavirus pandemic from China into the rest of the world, and the economic shutdown that occurred as governments attempted to battle the spread of the virus.
What are the 5 causes of the Great Depression?
Causes of the Great Depression
What other countries had a great depression?
The timing and severity of the Great Depression varied substantially across countries. The Depression was particularly long and severe in the United States and Europe; it was milder in Japan and much of Latin America.
Who caused the Great Depression?
It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.
Why did banks fail during the Great Depression?
Deflation increased the real burden of debt and left many firms and households with too little income to repay their loans. Bankruptcies and defaults increased, which caused thousands of banks to fail. In each year from 1930 to 1933, more than 1,000 U.S. banks closed.
