WORLD HISTORY

Detailed explanation-1: -The conditions of economic hardship caused by the Great Depression brought about significant social unrest around the world, leading to a major surge of fascism and in many cases, the collapse of democratic governments.

Detailed explanation-2: -The government’s “easy money” policies caused an artificial economic boom and a subsequent crash. President Herbert Hoover’s interventionist policies after the crash suppressed the self-adjusting aspect of the market, thus preventing recovery and prolonging the recession.

Detailed explanation-3: -Proportional representation-Each party got the same percentage of seats in parliament as the percentage of votes it received in an election. This meant there were lots of small parties in parliament making it difficult to pass laws and led to weak and often short-lived governments.

Detailed explanation-4: -Based on the assumption that the power of the federal government was needed to get the country out of the depression, the first days of Roosevelt’s administration saw the passage of banking reform laws, emergency relief programs, work relief programs, and agricultural programs.

Detailed explanation-5: -The Great Depression was a global economic crisis that may have been triggered by political decisions including war reparations post-World War I, protectionism such as the imposition of congressional tariffs on European goods or by speculation that caused the Stock Market Collapse of 1929.