Great Depression
I went to Great Depression - Wikipedia and I have wrote this article about it on my web log: http://www.muhammad178.blogspot.com/>
In 1929, it was the year the economy started to fall down and crash, and this fall down and crash in several years later in a lot of countries. In fact, most of the countries were hit in this crash were the greatest industrial and the strongest economies, such as the US, Germany, Japan, England, etc... . Indeed, in those counries the most affected cities were those which were based on strong economy. However, it took other countries like the US to get out off this crash after several years. Most affected people are farmers and others because prices fell down 40-60%. Furthermore, mineral and other industrial business suffered from this crash because there was little demand, which affected their economic activity.
In my opinion, I believe that the falling down of the market was very bad, because it affected several countries, which reflected on the world economy. Also, the most affected coutries were the strong ones, like the US and England, which not destroyed the economy of them only, but affected other countries' economy who depended on the strongest countries for sure. As a resulf of this big crash, the world suffered from it for several years, which led us to more poverty, worse health care, worse education. Then, people started starving because of no money they have, no food they can afford to buy, also no cars they can produce or ride. Finally, the 1929 world crash destroyed the economy of a lot of countries and made the people depress and more poor.
In 1929, it was the year the economy started to fall down and crash, and this fall down and crash in several years later in a lot of countries. In fact, most of the countries were hit in this crash were the greatest industrial and the strongest economies, such as the US, Germany, Japan, England, etc... . Indeed, in those counries the most affected cities were those which were based on strong economy. However, it took other countries like the US to get out off this crash after several years. Most affected people are farmers and others because prices fell down 40-60%. Furthermore, mineral and other industrial business suffered from this crash because there was little demand, which affected their economic activity.
In my opinion, I believe that the falling down of the market was very bad, because it affected several countries, which reflected on the world economy. Also, the most affected coutries were the strong ones, like the US and England, which not destroyed the economy of them only, but affected other countries' economy who depended on the strongest countries for sure. As a resulf of this big crash, the world suffered from it for several years, which led us to more poverty, worse health care, worse education. Then, people started starving because of no money they have, no food they can afford to buy, also no cars they can produce or ride. Finally, the 1929 world crash destroyed the economy of a lot of countries and made the people depress and more poor.
posted by Mohammed | 2:35 PM
2 Comments:
We know the economy moves in a cycle. If we can protect the depression wave, our pains in lives would be more reduced.......
Kim
hey what's up my man .the crash is a very worse situation when it happens either developped countries or poor countries will suffer economically.it will affect more under developped countries.
but i think with the developpement of science todays the percentage to observe a crash become too low
good appreciation,you may continue in this way.
good lock may god guide
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