Is the economic crisis good for the United States? What year was the Great U.S. Economic Crisis?

Updated on international 2024-05-12
4 answers
  1. Anonymous users2024-02-10

    Probably not, although the economic crisis was caused by subprime mortgages in the United States, it was only a fuse. Just as no one can change the direction of the world, the United States cannot change the cycle of economic development. An economic crisis is a low point in the economic development cycle.

    Cycles exist objectively, and no one can change them.

    In the case of the American consortium, the American companies have a lot of freedom, and they cannot control them or influence them at will. Their acquisition of other financial institutions can only show that their company's ** and far-sighted nature are very good. Not only conglomerates in the United States, but also in other countries, perhaps more in the United States.

    Besides, the financial crisis, which led to a decline in employment in the United States and an increase in unemployment, is not what Americans want to see.

    Of course, I agree that the United States has nothing to do and loves China's troublesome ......

  2. Anonymous users2024-02-09

    I should say yes! This is a war in the modern sense of the word, a financial war, he doesn't need to shed blood, just start a financial crisis, you can make a country like our country, which has accumulated ten years of gross national labor value, depreciate in the crisis to become the original 5 years, and in the past the United States lived on debt, and a crisis, all owed 10w are now 5w, just like we deposit **50% and they can borrow 50% less, they don't need to work old to get value, It only takes one crisis to exploit five years of our nation's gross labour value.

  3. Anonymous users2024-02-08

    The times of the Great Crisis in the United States were: 1825, 1837, 1847, 1857, 1866, 1873, 1882, 1890, 1900, 1907, 1920-21, 1929-33, 1937-38, 1948-49, 1957-58, 1969-70, 1974-75, 1980-82, 1990-91, 2007-12.

    The characteristics of the great US economic crisis are that it is particularly wide-ranging, relatively long-lasting, and particularly destructive. The crisis of 1929-1933 was the deepest crisis in the history of the world economy.

    The decline in industrial production was unprecedented in previous crises, and the actual volume of international production fell for the first time in history. Not only has the decline in production been staggering, but it has also been unusually long-lasting.

    The causes of the "Great Depression" in the United States

    1. The international ** collapsed, and the export of American goods was directly cut in half at that time, which led to the contraction of domestic demand.

    2. Debt and currency pressure, at that time, when the Great Depression was over-released, so the currency depreciated at an accelerated pace, and unemployment caused people to be unable to repay their debts.

    3. Bank failures, and the Federal Reserve allows some large corporate banks to fail. Currency tensions and a lack of liquidity in the market have led to the stagnation of many investments.

  4. Anonymous users2024-02-07

    The U.S. economic crisis is also known as the Great Depression. In the 30s of the 20th century, the U.S. economy had a prosperous situation, becoming the world economic hegemony and the world's financial center, but behind the economic prosperity, the long-term blind investment of the United States has caused an economic imbalance, agricultural development is sluggish, agricultural development is backward, the number of unemployed people has also increased, and the increasingly inflated amount of money has exceeded the ability to pay at home and abroad, and the latent people have a relative overproduction of economic crisis. After the 20s, there was an economic crisis and a Great Depression in the United States.

    During the U.S. economic crisis, most of the factories closed, the banks went bankrupt, and after the factories closed, the workers lost their jobs, and the U.S. economy was severely traumatized, and all walks of life were in a depression.

    The causes of the economic crisis in the United States are as follows: 1. Due to the contradiction between the socialization of production and the private ownership of the means of production, prosperity has not brought common prosperity, and it has also widened the gap between the rich and the poor. 2. In the period of prosperity, the start of the industrial sector is also seriously insufficient, and the existence of a large number of workers who are unemployed and unemployed will inevitably reduce the purchasing power of society and prepare the conditions for the crisis.

    3. There are more and more agricultural products and primary industrial products offset in the international market. 4. With the 20s, the boom appeared in real estate and speculation, which increased the instability of the financial market.

    Legal basisArticle 2 of the Constitution of the People's Republic of China stipulates that all power in the People's Republic of China belongs to the people.

    The organs through which the people exercise state power are the National People's Congress and local people's congresses at all levels.

    In accordance with the provisions of the law, the people manage state affairs, economic and cultural undertakings, and social affairs through various channels and forms.

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