Describe the effects of hyperinflation on Germany in 1923. (9) The Weimar government was short of money after the First World War and so began to print more and more banknotes. The sudden flood of paper money into the economy, on top of the general strike - which meant that no goods were manufactured, so there was more money, chasing fewer goods - combined with a weak economy ruined by the war, all resulted in hyperinflation. Prices ran out of control, for example, a loaf of bread, which cost 250 marks in January 1923 had risen to 200,000 million marks in November 1923. German's currency became worthless.
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.
The rough Winter most likely was the cause to 70 deaths. Based on the “Background Essay”, “Then, in the awful winter of 1609-1610, another two-thirds of the settlers died.” Harsh winters were bound to happen. There was nothing anybody could do about it or prevent it. The colonists could have prepared for it, but because they did not have the current technology, they could have not possibly predicted that a rough winter was coming their way. According to “Document D”, in 1607 August through October “Summer sickness kills half the colonists” The summer of 1607 was so severe that it killed 50 people.
In 1929, experts started to sell their shares heavily before the values fell even further. Eventually, everyone wanted to sell their shares but nobody was buying. This led to complete collapse of prices and thousands of investors lost millions of dollars. Tariffs – Due to America putting Fordney McCumber Tariffs on European goods, Europe responded by also putting tariffs on American goods so US business men found it hard to sell goods to European
Farming and rural areas suffered as crop prices fell by approximately 60%. There were many causes of the Great Depression, ranging from poor spending and over production to banks failing and the stock market crashing. Paragraph 2: Due to the Roaring 20’s, people were overconfident due to the information given by bad leaders, which led to poor spending. Doc A+B: According to the business cycle, there was going to be a 5 year growth for everyone in the US. -They would all become rich and poverty would just go away (Words of President Calvin Coolidge) Doc C: John T. Raskob, a well-known economist, told people to buy more stocks and in invest in banks and you’ll become a millionaire.
Main causes of French revolution were poverty, hunger and malnutrition. Bad weather caused poor harvest for several years, and the French government did not help people. Immediately before the French revolution bread riots broke out. The reasons for differences of American and French revolutions were the leaders. In America, most of the leaders were, wealthy bourgeoisie, who owned vast manors and incredible wealth, so they were concerned about their wealth and their place in the society, they had much to
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities.
However, many workers find that does not happen. Yes, I will admit that they offer better wages than many people in agricultural areas will make, along with that are additional loans to what has often been described as the company store. The Robber Barons often worked with government to make sure that those who
The great depression meant that many of the families had lost their savings; it was horrible to know that all the money that they had saved throughout the years has just vanished so quickly. They were also afraid of the growing communist party; they wanted to abolish private companies, land and businesses. If this happened many of the middle class would lose their job where they were able to make money. Therefore because of this they saw Hitler as a strong leader who could help their country recover and
Importing and exporting goods and supplies was banned quickly once people realized the pestilence was spread by these trade men. Since there was nowhere to get supplies from, cities had to provide for themselves. With the scarce amount of goods on hand, and the high demand for them, prices skyrocketed. Most of the workers were dead; those who weren’t, charged up to five times what they had before the plague. As the workers’ wages outpaced the prices of goods, the workers began to become rich and skilled in what they did.