Great Depression Flashcards
1
Q
What is it
A
severe global economic turndown that effects many countries
1
Q
When
A
1929-1939
2
Q
Causes
A
stock market, bank failures, overproduction, global imbalances
3
Q
Consequences
A
widespread unemployment, poverty, and economic instability across the globe
4
Q
How did the situation imrpove
A
Governments around the world tok various measures to combat the effects of the Great Depression.
COmbination of technological innovations, recovery in international trade, military mobilisation, increased confidence.
