So which of these reasons was the most important? The most important reason for the overthrow in Eastern Europe was the economic decline in the USSR. Simon J Ball (1998) also argued that “there is little doubt that the Cold War came to an end as a result of Soviet economic failure. This failure led in turn a failure of nerve amongst the Soviet governing elite.” Ball suggests that if the Soviet Union did not experience an economic failure then they may have been able to keep power and it was that economic failure that triggered the other factors. By 1986 the Soviet economy suffered from both hidden inflation and pervasive supply shortages which were aggravated by an increasingly open black market that undermined the official economy.
It did not only affect Americans, but also the whole world. The Great Depression was caused by the crash of the stock market or the lack of real investment opportunities in the 1920’s, product innovation that caused less labor, President Roosevelt believed that it was caused by the structural problems and doubted simulative spending will solve the problem, and some argued it was caused by the shift toward modern employment relation that was made by the Great War. A Depression in the economy can start by raising taxes and dismissing government’s employees and both of these actions can start a depression and both of these were done by the government in 1929. Once this is done, it will have a chain reaction where it will get to the point where the economy will fall and cause its people to live in poverty. The prices of the products will either increase or stay the same but the wages of the people will always decrease.
World History since the End of WWII 1. What were the major events that led to the breakdown of the Grand Alliance (created during the WWII)? Three nations had underlying attitudes towards one another. The U.S opposed the Russian communism and British imperialism whereas Britain wasn’t consent with the U.S economic dominance. Russia opposed the others’ capitalism.
German gvmt ended the policy of passive resistance an carried out the provisions of the treaty of Versailles while seeking new settlement of the reparations question -conciliatory approaches to Germany and the reparations problem -coexistence of West with Soviet Russia 4. A downturn in domestic economies ad an international financial crisis caused by the collapse of the American stock market in 1929, prices
Only six months after Hoover took office, the economy collapsed and the Great Depression began. Many factors caused and contributed to the Great Depression of 1929. One factor would be the overproductions of many goods in the 1920s led to worker layoffs Another factor was that easy credit led to people spending more than they had, and it led to a rapid inflation that eventually caused people to stop buying. The Federal Reserve Bank, created in 1913, did a poor job which also led to the great depression. It did not monitor interest rates to help regulate the economy when overproduction and inflation had started to cause unemployment in 1928-29 and the economy seemed likely headed toward collapse.
Document 10 explains an economic factor that contributed to the Russian Revolution. Russia, at the time, was not economically ready for the World War I. But, because they were forced to fight by Tsar Nikolas II, which made Russia weak. In Document 9, Miliukov accuses the government for causing the Revolution because of treason. He describes the government as disorganized.
The Khan of the Golden Horde attempted to introduce paper money as a response to currency shortage. The citizens rejected the paper money, and it pushed the economy into a depression. Paper money was also introduced in China, Iraq, and Iran. The Russian language also became important during this time. Due to the contributions of some of the Russian princes who cooperated with the Mongols by acting as agents for them and collecting taxes, the Mongols provided protection for them and the land they came from.
However, given the backwardness of the Russian economy particular difficulties were presented. For example Russia needed to decolonise itself and begin trading as an equal. Witte judged that Russia’s greatest task was to acquire capital for investment in industry. To raise this, Witte negotiated large loans and investments from abroad while introducing heavy taxes and high interest rates at home. At the same time as encouraging inflow of foreign capital, he limited the import of foreign goods leading to protective tariffs being set up as a means of safeguarding Russia’s young domestic industries, such as steel production.
“US- Soviet relations did not fundamentally improve in the 1970s” how far do you agree with this view? When Brezhnev had succeeded Khrushchev as leader in 1964 and Nixon had taken office in 1969, a new age known as the détente had surfaced. Détente was the period during the 1970s where both superpowers pursued to lessen tensions by reaching general agreements on the arms reductions and trade relations. This innovative reinventing of the foreign policy by the two leaders had been pressured by many problems at home, particularly economy, as both nations suffered economic problems mainly due to the extensive amount of capital going towards the arms race. The term fundamentally in the title can be perceived as the relations improving during the 1970s by events such as the improvement on economy, many summits limitations on arms production and agreements signed; agreeing with post-revisionist historians such as Gordon Craig who believed the 1970s relations caused less dangerous and more useful international relations.
“Another negative factor was a 6.6 percent drop, on an annualized basis, in federal defense spending.” She supports that the decrease in GDP is directly related to the decrease in government spending g which proves how fiscal policy can affect overall economic growth. Monetary policy can be defined as: A central banks changing of the money supply to influence interest rates and assist the economy in achieving price stability, full employment, and economic growth. The article discusses how decline in economic growth can in part be due to uncertainty of interest rates which is directly controlled by the Federal Reserve. The author supports this idea by showing that uncertainty of interest rates has affected business investments and the slowing of the housing