Since Rome was no longer conquering new lands, they weren't getting the extra money so they turned poor. The gold coins were losing their value from not being used as much so the merchants were raising their prices. A lot of people starting using goods to trade instead of the coins. Eventually everything was being paid without money. Goods were starting to run out so Rome started to fall.
Hyperinflation happened because Germany owed so much money due to reparations of the war, it simply thought that it would just be able to print more money, but when a government prints money that it does not have the value of money decreases and prices go up. In Germany this was a huge problem as inflation was rising at astonishing rates and the effects were disastrous. Many people that had worked hard are there lives were forced to become beggars as the pensions and savings lost all value. The people that had jobs were still in disastrous positions, as their wages could not keep up with the increasing rate of inflation. People were not blaming the Kaisers war government but instead they were blaming the Weimar government, as they were the ones that had agreed to pay the war reparations in the treaty of Versailles.
WHY DID THE WALL STREET CRASH HAPPEN IN 1929? The Wall Street crash which happened on 29 October 1929 was one of the most depressing events in the history of America. This happened because people lost their wages b 60%, 14 million people were unemployed by 1933, banks went bust and also US trade slipped from $10 billion to $3 billion. The Wall Street crash happened due to some reasons: one reason was, the Americans were buying consumer goods on credit, especially cars and houses they did this because, they didn’t have enough money, and therefore if they get the money they will be able to pay. Another reason was that speculation was rife, because people believed the stock market was easy so 20 million Americans invested but only 1.5 million people had serious knowledge of the market.
This was how Germany made most of their money but the German workers didn’t like being surrounded by guns and felt threatened so they responded with passive resistance so no money was being made. As a result more money was printed but more money meant less value and prices went up rapidly causing very bad hyperinflation. As hyperinflation became so bad by September 1923, this figure had reached 1,500,000 marks and at the peak of hyperinflation, November 1923, a loaf of bread cost 200,000,000,000 marks. The Weimar government removed the old worthless money and introduced a new currency the Rentenmark but people still blamed them because hyperinflation wasn’t getting any better. These events made people like Adolf Hitler more popular because he gave them more confidence and hope.
“Irrational exuberance in the housing market led many people to buy houses they couldn't afford, because everyone thought housing prices could only go up.” (useconomy.com). During 2006, housing prices started to decline. Many people took out loans with very little money down, and they had to foreclose on the house because if they sold it, they would not get enough money back. With the foreclosing rate increasing, many banks began to freak out because they were going to face huge losses. Around August of 2007, banks become afraid to loan money out due to the fact that they did not want to suffer from losing money yet again.
The collapse of stock market happened because it had a weak foundation. In fact, it was dependent on borrowed money; banks would lend money to the population to buy shares in the market without making sure the borrowers were able to pay back. Moreover, facing the crisis over nine thousand banks were obliged to close, for they invested their client's savings in the stock market. Going through rough time financially, Americans are drastically forced to reduce their spending which lowered the amount of production; therefore, employers slashed the numbers of employees that caused the unemployment rate to rose from 4.2 in 1928 to 8.7 in 1930 and to 23.6 in 1932. In the middle of the crisis, several social classes experienced a harsh time.
They did not have enough military to send because Rome had become extremely huge. Slaves caused some middle class families to fall into poverty (3). People owned slaves to do work for them, but they would not have to pay them. Soon people such as artisans and skilled workers ran out of work because the slaves took their jobs. Having slaves was cheaper, but they put many people out of work.
Industrialization could have split America because at the time the society saw no improvement because people were still very poor and working under horrible conditions. The rich and elite were getting richer and richer by cutting down the workers’ wages and making them work long hours. Women were often hired because they didn’t have to be paid as much as men and were able to perform the same duty with the introduction of machines. Handicraft which was once highly valued now had no value at all because the same affects or better could be produced with machines and they were faster. Workers had poor working conditions and the employers were more concerned with the cost of the labor instead of the welfare of their employees.
This was a terrible time for many Canadians, as many men and woman had lost their jobs.  The stock market crash happened because too many people were investing in stocks, hoping to make easy money, but backfired on Canadians. More people we’re losing their jobs, and the economy would be falling more and more. By the 30’s, technology had not been as advanced as it is today and because of the advanced technology, more job opportunities are offered to many people thus with the many job opportunities. Canadians will not have to rely on stock market as they did in
As prices were driven down to the lowest point to create sales, this caused problems for the economy. It was extremely low. If they couldn’t create sales, they were forced to shut down close business. Factories closed and workers were laid off, meaning no money was coming into workers or big businesses. Unemployment percentages were at an extreme high and this failure to regulate money throughout the economy drove down the economy.