Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.). Many banks and financial institutions began collapsing which led to irretrievable, uninsured deposits and savings. Fearing further loss, people began spending less which led to a decrease in production and an increase in unemployment. As companies began to fail, the government devised the Smoot-Hawley Tariff in order to protect American businesses. The Tariff placed high taxes on imports leading to a decline in international trade.
To make matters worse, epidemics emerged which eradicated roughly half the population. The Huns invaded and conquered a weak and politically unstable Han Dynasty, thereby ending a regime that lasted over 400 years. Similarly in Rome, high taxes were imposed to support lavish lifestyles and a corrupt government. As the empire expanded, the population decreased from plague and poverty. In addition, the gap between the few rich and the many poor continued to widen.
The timing of the Great Depression started in 1930 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. Cities all around the world were hit hard, especially those dependent on heavy industry. Farming and rural areas suffered as crop prices fell by approximately 60%.
The causes for the fall of Rome can be divided into four categories: political, military, economic and social. Using the information you have read, identify one cause in each category and explain how it contributed to the decline of the Roman Empire. Military: Around the 4th century AD, the Roman military had become significantly feebler, mostly to the barbarians who had been attempting to breach Rome's borders for years. Soon, the barbarians began to gain access to the Western Empire on an even larger scale then before, first as minor groups of settlers and soldiers, but ultimately as entire tribes. They sensed military flaws and began to found small kingdoms, like Gaul, Spain.
Around the same time, other internal and external problems caused the empire to decline. Examples of the problems were the lower birth rates and the dwindling population. Culture, society, politics, and economics all began to fade away. These were reasons that the Roman Empire went into ruins. Even though the empire fell, one thing remained.
The Wall Street Crash made the bad economic situation worse in Britain by producing a decline of the staple industries. 17. The industries that suffered the most were the staple industries: cotton, coal and shipbuilding. 18. Cyclical unemployment= caused by periodic slumps b) Structural unemployment= caused by the long-term decline of certain industries.
Perhaps this so-called Ice-Age has something to do with the spread. Not only did the plague spread west, it spread in every direction, and the Asian nation suffered just as much as the European nation. In China, the population dropped from 125 million to 90 million in less than a hundred years. The
On Black Thursday, The Wall Street Crash of 1929, October 24 also known as the Great Crash was terrible, it was the worse stock market crash ever. The market crash was one of the major causes that led to the Great Depression. There was a huge crowd of people trying to withdrew there life saving but couldn't. They were left with loans and debt they couldn’t pay. Two Months after the crash , stockholders had lost more than $40 billion dollars.
By the nineteenth century the government started to decline. By 1914 they had lost all its lands in Europe and Africa. This decline created big internal political and economic problems, which help create the intense ethnic
In the article “No Babies?” by Russell Shorto, he discusses how the population in Europe is declining drastically. He discusses how the birthrate has dropped drastically from 6.0 to 2.9 today. He discusses how the birth to death rate is very unbalanced as well, which is a result of the declining population. He takes in to consideration how the European population worldwide will decrease from 12.5% to only 5%. He discusses how it is feared that the European culture will be lost due to the fact that the majority of the European population is mainly made up of older generations and few younger.