With significantly reduced wealth, spending decline, banks failed and on top of this drought conditions contributed to a lack of good crops. The Great Depression was the result of an unlucky combination of factors, but mainly the use of margin is to blame (Doc . Worldwide, there was increased unemployment, decreased government revenue, and a drop in international trade. At the height of the Great Depression in 1933, more than a quarter of the US labor force was unemployed. Some countries saw a change in leadership as a result of the economic turmoil.
The World War brought up a huge range of different issues, which plummeted an already shaky country, into a desperate country. One such issue was the economic strains that the war put on the country. The urgent need for weapons and specialised equipment drove the Russian economy into overdrive, leaving the poorest Russians without food and with an inflation rate which rose around twice as fast as wages went up. The huge numbers of men armed by Russia also meant that industries all across Russian began to slow their production rapidly, most notably of all being agriculture. This meant trade to other countries went down bringing the economy to yet another low and this lack of agricultural workers meant a lack of food across Russia, especially in towns and cities where there was no easy access to farms; and as is with most things in demand, the prices went through the roof, leaving peasants starving on a mass scale.
John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
Bartering had been common in medieval times which show how people resorted to previous looked down upon activities. Pensioners on fixed incomes suffered as pensions became worthless. Restaurants did not print menus as by the time food arrives…the price had gone up! The poor became even poorer and the winter of 1923 meant that many lived in freezing conditions burning furniture, or in some cases, banknotes, to get some heat. The group that suffered a great deal - proportional to their income - was the middle class.
This illustrates that the economy worsened in terms of consumer goods. Additionally, even though in the early 1934 bread rationing ended, in comparison to the 1920’s food was available on the
How important was the decline of Britain’s staple industries in explaining the industrial unrest of the period between 1918-1929? The quick decline of the staple industries had a huge effect among Britain, it accounted for almost half of Britain’s total out put, a quarter of employment and three quarters of exports before 1914. Through out 1920’s unemployment remained at about 10- 20%of an insure workforce where as Britain’s share of the world export trade fell from 18-11% and a drop in value also in overseas investments, which of course left Britain struggling to pay for imports. London was no longer the undisputed financial capital of the world and as the US replaced Britain as the world money lender, the US dollar displaced the pound as the world’s major currency. However there were a few positive developments along side the bad, for example in the 1920’s new industries were introduced of the second industrial revelation, electrical goods, chemicals and motor car production through the mid 20’s was higher by three times than its year of 1914, these where among the products and services that Britain Introduced in an effort to revitalise and flourish Britain’s industries.
The economy went down because of the rising prices. Their government produced more coins led to Inflation where the prices rise as the money value declines. Also, there was disruption of trade since the capital moved to Byzantium, which is renamed Constantinople, for mores secure surroundings and they would be closer to trade routes. There was a civil war in 337 AD, where the empire was divided in half. The Roman Empire was the western half and the Byzantine Empire was the Eastern Half.
Trevor Mr. H HIS 155 10 October 2014 Effects of The Black Death-Analysis Paper The Black Death was a pandemic disaster that affected all aspects of life in the Middle Ages of Europe. Depopulation and shortage of labor hastened changes already inherent in the rural economy; the substitution of wages for labor services was accelerated, and social stratification became less rigid. Psychological morbidity affected the arts; in religion, the lack of educated personnel among the clergy gravely reduced the intellectual vigor of the church. After a brief respite, the plague resumed and touched almost the entire known world. The plague caused significant changes in the civilization of Europe and other surrounding communities.
The article “No Babies” by Russell Shorto discusses how the population in Europe is drastically decreasing because the low birth rate and higher death rate. He discusses how the birth to death rate is very unbalanced as well, which is a result of the declining population. European culture is feared be lost due to the fact that the majority of the European population is mainly made up of older generations and few younger. In the article Population “7 Billion”, Robert Kunzig discusses how the population worldwide is increasing drastically. He discusses that although the population is growing, our planet may not have all the resources it needs to accommodate the growing population.
The Middle Ages was the period of European history lasting from the 5th century to the 15th century. The Early Middle Ages, or what has become known as The Dark Ages which followed on the heels of the fall of the Roman Empire after the abdication of Rome's last emperor, saw debilitating societal trends such as a more than 20% decline in population (Hay 4), a climactic cold spell evidenced by a decrease in global temperatures, impaired agricultural production which led to weakened trade, a declining economy and therefore lower tax revenues and an ultimately weakened Roman Legion no longer capable of defending the Empire's borders (Hay 5). Between 1000 and 1300 BC, many economic, social, and political developments including the Roman Catholic Church contributed to new trends in religion, culture, scholarship, and the arts—trends that shaped European culture to the present day. During the Early Middle Ages kings and aristocrats owned the land and enslaved peasants to work in the fields and fight in their wars. The collapse of economic and social linkages to a strong central Empire created multiple localized factions focused mainly on self-protection and warfare.