What are the similarities and differences between the Great Depression of the 30s of the 20th centur

The Great Depression was mainly in the United States, and the scope of this economic crisis spread all over the world, because the large-scale purchase of U.S. Treasury bonds triggered the evil idea of dragging China into the water, just like the collapse of Japan back then, the United States because of the pricing power of goods, so the United States did not lose anything in this crisis, the current loss is only temporary, and it will be recovered in the future, and the exchange rate interests of all countries in the world, including China, will be made in vain.

Hello, what are the similarities and differences between the Great Depression of the 30s of the 20th century and the current financial crisis in the United States.

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The financial systems, the problems faced and the financial markets of developing countries all have their own characteristics. Generally speaking, the financial markets of developing countries are not yet mature, and the main features of their exchange rate regimes are: the adoption of a peg exchange rate system; the imposition of foreign exchange controls; The national currency is not freely convertible into foreign currency.

With the development of economic globalization, the global connection has become closer and closer, and the spread of global crises has become easier. The financial crisis in developing countries is rooted in the fundamental imbalance between the internal and external economies, and the actual basis of the crisis is the economic system between the developed and developing countries, which is dominated by the center and subordinate to the periphery. Due to the weak economic foundation, developing countries are very vulnerable to a situation of dependence on external impetus and a surge of internal and external contradictions.

Some developing countries have experienced rapid growth as a result of Western capital inflows and export development, and financial crises have erupted as a result of the deterioration of their balance of payments and the repatriation of Western capital. The trend of the world financial crisis concentrating on developing countries will be difficult to change in the short term, because on the one hand, developing countries and developed countries will still be in a serious asymmetrical position; On the other hand, many developing countries have a large amount of external debt, and they are facing many difficulties in the adjustment of their domestic economic structure and society, and these are all hidden dangers of the new crisis.

Answer]: A lot of research has been done on the frequent occurrence of financial crises in Latin America since the 90s of the last century. While emphasizing the objective factor of increasing international financial risks, people are more concerned about the internal causes of Latin American countries, such as the excessive pace of financial liberalization and the imperfect financial regulatory system; excessive debt burden; "double high deficits" of current account and public finance; The use of fixed exchange rates as stabilizers, such as Brazil's "Real Plan" and Argentina's currency board system, has led to a sharp appreciation of the currency; There are no restrictions on short-term speculative capital, and so on.

It can be said that the main reason for the slippage of the financial crisis in Latin America is that Latin American countries have made mistakes in decision-making and have a weak sense of risk in the process of reform. It was mainly the debt crisis in the 80s of the 20th century that prompted Latin American countries to adjust their development strategies to replace them, because they were eager to get rid of the economic recession and the pressure of international creditor institutions, and Latin American countries fully accepted and implemented the neoliberal reform path advocated by developed countries. (1) It restricts the autonomy of Latin American reforms, misleads the direction of reforms, and generally ignores macroeconomic regulation and control.

2) The excessive opening of the market has reduced the competitiveness of enterprises, and the rapid liberalization of finance has led to rising interest rates and excessive credit expansion, resulting in a "discordant syndrome". and (3) the "social cost" of reform is too large, leading to social unrest. (4) The pace of reform is too fast and the monitoring is not effective, which leads to frequent financial crises.

Since the 90s of the 20 th century, there have been three financial crises in Latin America, all of which have been caused by the fact that Latin American countries have blindly carried out unilateral opening up and relaxed control over international capital flows, regardless of the fact that their enterprises are not strong in international competitiveness, their financial supervision mechanism is not perfect, and their economic foundation is relatively weak. (5) The privatization of state-owned enterprises has weakened the state's ability to regulate and control the macroeconomy, and the national economy is in a state of stagnation. (6) The international economic order is unreasonable.

While Latin America is carrying out liberalization and reform, the developed countries in the West are practicing protectionism and protecting their own markets by setting up barriers, so that the comparative advantages of Latin American countries in the agricultural, textile, and processing industries cannot be brought into play. For many years, the countries of Liling in Latin America have been a testing ground for the United States to pursue neoliberalism, and the result has been a constant crisis.

(2013, Jingmen) "The real talent of the United States is that it knows how to change. "The main purpose of a major "change" carried out by the United States in the thirties of the 20th century was to strengthen state intervention and guidance in the economy and eliminate the economic crisis.

Overproduction, that era was an era of industrialization, industrialization accounted for a relatively high proportion of the national economy, all were industry, and then there was a world war, the United States exported its own industry to the world, and the United States got up, mainly because the crisis of overproduction affected finance, so that it affected other industries, so at that time the scope of the crisis was relatively large, but now the scope of the financial crisis is relatively small, because of the adjustment of the industrial structure, Forty percent of the U.S. GDP is now generated by the service sector, not by the sale of goods.

Therefore, the impact of the crisis caused by overproduction has become very small.

It can be said that the construction person asks for more money than the person who sells the goods, and that's it, ask someone to decorate the house for you, 200 a day, but 1 gypsum board only earns 3 yuan - urban real estate.

Economic crisis.

The contradictions of social and economic agglomeration have erupted in a big way, and there is a lack of methods and means to solve economic problems, so they have lasted for a relatively long time.

This is simple, the financial crisis is now enveloping the whole world, as for the matter of 1979, I still need to inquire further!

After the 70s, the United States had a deficit, the economic development of the United States slowed down, and at the same time, the United States and foreign exchange reserves also fell sharply, and the largest creditor country in the United States became the largest debtor country. As the reserves of the United States dwindled day by day, the real depreciation of the dollar intensified, and by 1973 the dollar could no longer be exchanged for a fixed currency, and the capitalist world monetary system centered on the dollar disintegrated. In the same year, the Middle East oil extraction countries greatly increased the oil **, resulting in an increase in production costs and prices, leading to an economic crisis.