World Economic Crisis of the 1920s

What lessons can be learned from U.S.-countermeasures in the 1930s?

Business & Finance, Economics, Macroeconomics
Cover of the book World Economic Crisis of the 1920s by Benjamin Pommer, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Benjamin Pommer ISBN: 9783656728726
Publisher: GRIN Verlag Publication: August 25, 2014
Imprint: GRIN Verlag Language: English
Author: Benjamin Pommer
ISBN: 9783656728726
Publisher: GRIN Verlag
Publication: August 25, 2014
Imprint: GRIN Verlag
Language: English

Seminar paper from the year 2014 in the subject Economics - History, grade: 1,7, University of Applied Sciences Essen, course: Economics, language: English, abstract: The Great Depression was one of the worst economic crises in the history of man-kind. All former great powers suffered from high debts and unemployment. The United States got hit very hard, because of the connection to debt countries, which were additionally indebted among each other like Germany, Great Britain and France. The reasons for the severe effects on the United States can be found in the several fields of economics. The presidents Herbert Hoover and Franklin D. Roosevelt dominated the U.S. re-sponse to the Great Depression. Both presidents had different point of views on the crises, from where they initiated fiscal, monetary and social programs. It was not easy to convince the people of tough measures in times of increasing distrust into economy. The lack of public support in combination with less successful initiatives is one of the reasons, why Hoover failed in the election. All identified lessons learned are not a blueprint for further recessions. The political context and the scientific basis have a decisive impact. Governments, businesses and consumers are responsible for a stable economic environment. Profit has to be on a sustainable basis flanked by moderate monetary measures.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2014 in the subject Economics - History, grade: 1,7, University of Applied Sciences Essen, course: Economics, language: English, abstract: The Great Depression was one of the worst economic crises in the history of man-kind. All former great powers suffered from high debts and unemployment. The United States got hit very hard, because of the connection to debt countries, which were additionally indebted among each other like Germany, Great Britain and France. The reasons for the severe effects on the United States can be found in the several fields of economics. The presidents Herbert Hoover and Franklin D. Roosevelt dominated the U.S. re-sponse to the Great Depression. Both presidents had different point of views on the crises, from where they initiated fiscal, monetary and social programs. It was not easy to convince the people of tough measures in times of increasing distrust into economy. The lack of public support in combination with less successful initiatives is one of the reasons, why Hoover failed in the election. All identified lessons learned are not a blueprint for further recessions. The political context and the scientific basis have a decisive impact. Governments, businesses and consumers are responsible for a stable economic environment. Profit has to be on a sustainable basis flanked by moderate monetary measures.

More books from GRIN Verlag

Cover of the book Die Anwendung der dokumentarischen Methode am Beispiel der Erforschung individueller Lernorientierungen? by Benjamin Pommer
Cover of the book Schulorientiertes Experimentieren im Chemieunterricht mit Redoxreaktionen by Benjamin Pommer
Cover of the book Varianz- und Regressionsanalysen als wichtige Datenanalyseverfahren anhand eines Datensatzes der ALLBUS 1996 by Benjamin Pommer
Cover of the book Customer Relationship Management (CRM) by Benjamin Pommer
Cover of the book Implementierung einer Prozesskostenrechnung am Beispiel eines Unternehmens by Benjamin Pommer
Cover of the book Herausforderungen des interregionalen Standortwettbewerbs by Benjamin Pommer
Cover of the book Implizite und explizite kognitive Einstellungen von Lehrkräften am Berufskolleg in Bezug auf Schüler mit Migrationshintergrund by Benjamin Pommer
Cover of the book Bestimmungsgrößen bei der Lehrplanerstellung. Die curricularen Hauptdeterminanten nach Dubs und Reetz by Benjamin Pommer
Cover of the book Die Cybercrime-Konvention des Europarats by Benjamin Pommer
Cover of the book Soziale Ungleichheit in Deutschland by Benjamin Pommer
Cover of the book Agenda 2010 versus Agenda Sozial by Benjamin Pommer
Cover of the book 'Die Geburt der Venus' von Sandro Botticelli. Eine Bildbeschreibung by Benjamin Pommer
Cover of the book Der klassische Utilitarismus nach Jeremy Bentham und John Stuart Mill by Benjamin Pommer
Cover of the book Bildungsstandards und Kompetenzorientierung im Religionsunterricht by Benjamin Pommer
Cover of the book Instrumente des operativen IT-Controllings by Benjamin Pommer
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy