THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finding jobs for soldiers returning, extreme debt created by WWI, not as many employees needed after the war
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Finding jobs for soldiers returning, extreme wealth created by WWI, not as many employees needed after the war
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Extreme wealth created by WWI, more employees needed after the war, finding jobs for soldiers returning,
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Too many jobs for soldiers returning, extreme debt created by WWI, employees were disabled after the war
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Detailed explanation-1: -The spread of radical political ideas inspired by the Russian Revolution led to a series of civil wars and clashes between communist and anti-communist forces. Several new nations were established after the war in the wake of the Russian Revolution and the collapse of the defeated empires.
Detailed explanation-2: -The miserable wages of the proletariat, the high prices of goods driven up by cartels, tariffs and indirect taxes prevent domestic sales. Therefore, the need for foreign sales markets is constantly growing. The huge accumulation of capital resulting from capitalist exploitation demands profitable investment.
Detailed explanation-3: -After World War I, five new nation states were formed on the western fringes of the disintegrating Russian Empire: Finland, Estonia, Latvia, Lithuania, and Poland.
Detailed explanation-4: -Stock prices collapsed first, by the end of 1919. The downturn in wholesale prices came 6 months later. By the autumn of 1920 a severe industrial depression had developed. Factory employment dropped 30 percent from March 1920 to July 1921.