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Anonymous users2024-02-11To put it simply, the economic crisis of 1929 was caused by market failure, the situation at that time was that capitalism worshiped the free market, that is, let the market automatically adjust according to the law, but due to the market failure caused by externalities, people at that time were asymmetrical in information, and the working class was very short of money, but the capitalists did not know, but expanded production, so that more things were produced, but people had no money to buy, so many people starved to death, and the excess needed to be destroyed.
As for ** and the bank is very simple, the capitalist wants to expand production, it is inevitable to borrow from the bank, and the capitalist goes bankrupt too much, the bank cannot recover the cost, and it will naturally go bankrupt, and ** is better understood, one is that there are many business failures, **inevitably**, the second is that the bank failure also has a significant impact on **, coupled with the laissez-faire of **, and when it is noted, it has collapsed, which is also the reason why Keynesianism is popular.
Original, trying to explain this complex event simply, hope.
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Anonymous users2024-02-10Summary. The personality of the world economic crisis of 1929 is: the scope of the impact is particularly wide, the duration is relatively long, and the damage is particularly great.
The Great World Economic Crisis is the most protracted, deepest, and most serious cyclical world economic crisis in the history of the capitalist economy. <>
<> the personality of the world economic crisis of 1929.
Kiss [than the heart of the hand] [than the heart] is happy to answer for you, the personality of the 1929 world economic crisis is: the scope of the spread is particularly wide, the duration is longer than the Qingshu quietly, and the damage is particularly great. The Great World Economic Crisis is the most protracted, deepest, and most serious cyclical world economic crisis in the history of the capitalist economy.
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World economic crisis: After the first world crisis, the victorious countries convened the Paris Peace Conference and the Washington Conference, established the Versailles-Washington system, temporarily adjusted the relations between the imperialist countries, and the capitalist world was in a period of relative stability in the 20s of the 20th century, and entered a golden decade of rapid development. The crisis lasted nearly five years, during which industrial production in the capitalist countries fell sharply, enterprises went bankrupt in large numbers, and the number of unemployed people soared, with the unemployment rate reaching more than 30 per cent.
The capitalist agricultural crisis and the industrial crisis are intertwined and agitated, agricultural and sideline products are greatly affected, and agricultural production is in serious decline. At the same time, the international market has shrunk seriously, and there have been deep monetary and credit crises in various countries, currencies have depreciated, the gold standard has been abolished, and capitalist international finance has fallen into chaos. Due to the serious lack of sales of goods, the problem of the Jingyuan market has become extremely acute, and the struggle for the market in the major capitalist countries has become more and more intense.
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Anonymous users2024-02-09I. Characteristics of the Economic Crisis of 1929-1933.
1. It covers a wide range of areas: it affects the entire capitalist world, causing crises in the industrial, agricultural, commercial and financial sectors;
2. The continuous high time is relatively long: from 1929 to 1933, a total of 5 years;
3. Particularly destructive: In 1933 compared with 1929, the industrial output of the entire capitalist world chain fell by more than 1 3, and the total amount of the capitalist world decreased by 2 3.
II. The Economic Crisis of 1929-1933 and Its Effects.
1. Economic adjustment worsens international relations: In order to extricate themselves from their predicament, the major capitalist countries have raised tariffs and implemented currency devaluation. These practices have led to further chaos in the world economy and a deterioration in international relations.
2. Triggering a political crisis: The economic crisis of unprecedented severity has been protracted, fascism has begun to spread in some countries, capitalism is facing a serious political crisis, and the bourgeois democratic system is shaky.
Two more recent bank failures in the United States have brought the total number of bank failures this year to 19, nearly double the number of failed banks in the previous five years combined. This is reminiscent of the wave of bank failures nearly 80 years ago, so what are the similarities and differences between the 1929 financial crisis and the bank failures triggered by this year's financial crisis? What can the financial crisis of nearly 80 years ago teach us? >>>More
Objectively speaking, from an economic point of view, the economy always develops periodically, and there will be a trough in a certain period, generally speaking, when there is a "recession" and "inflation" in the society, it indicates that the economic crisis is not far away. >>>More
Causes of the economic crisis:
The root cause: the contradiction between the socialization of production and the private appropriation of the means of production. >>>More
A concrete manifestation of the cyclical nature of economic crises. Under capitalism, economic crises erupt every few years and are an economic phenomenon that repeats itself in cycles. From the beginning of one economic crisis to the beginning of another, it constitutes a cycle of capitalist reproduction. >>>More
The economic crisis is the same as the layoffs in 97 98, and only doing network marketing is the best way out.