Untitled Storyboard
Kuvakäsikirjoitus Teksti
- Liuku: 1
- Sure! The U.S passed steep tariffs (20% on many goods) to protect farmers suffering from overproduction. other countries retailed with tariffs, leading to a decline in global trade and reducing output worldwide. After the wall street crash weakened the economy, president hoover still signed it into law in 1930. The law raised U.S tariffs by an average of 16% to shield American factories from the competition with foreign countries' lower priced goods
- Can you tell me more about the Smoot-Hawley attack?
- Liuku: 2
- Can you get more in depth about the banking panics? what happened there?
- There were many banking panics that occurred, where lots of bank costumers feared insolvency and rushed to withdraw their deposits. These pains led to the very crisis costumers were trying to avoid, as healthy banks could be ruined by mass withdrawals. by 1993, one-fifth of the U.S banks that existed in 1930 had failed. franklin rosevelts administration declared a four day "bank holiday". During this time, banks were closed until they could prove their sovelency to government inspectors
- Liuku: 3
- Can you tell me more about the great depression and how it ended?
- The great depression ended when the U.S was jotted out of the great depression by new job creations combined with a flock of government investment in the private sector in preparation for the country's entrance into world war 2.
- When did the great depression end and what's the bottom line?
- The great depression ended in 1941 at around the same time world war 2 began. The bottom line is that the great depression was the result of an unlucky combination of factors including protections tariffs and inconsistently applied government interventionist efforts. the depression could've shortened or even avoided. by a change in any one of these factors.
Yli 30 miljoonaa kuvakäsikirjoitusta luotu