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I know they happened almost simultaneously, but was it for the same reason?

2006-08-06 03:57:30 · 4 answers · asked by Anonymous in Social Science Other - Social Science

4 answers

Yes. It was a worldwide depression. The only country that pulled out of the depression was Germany because they started militarizing. One of the things that perpetuated the depression was the fact that countries raised their tariffs really high and international trade almost ceased.

2006-08-06 08:27:29 · answer #1 · answered by Anonymous · 0 0

I believe the stock market crash of 1929 effected the world market therefore all countries but to varying degrees.

new book by Daniel A, Arnold talks about a coming depression to make the 1929 pale in comparison.
Just thought you may be interested. It should also give some information on the last one and it addresses North America and UK.
Book Description
The Great Bust Ahead is a concise, straight to the point book laying out in stark terms the case for a coming depression of historically unprecedented magnitude. It will be much worse than the 1930s, beginning perhaps as early as 2009-2010, and last up to thirteen years. Centered on hard fact demographics, the book boldly claims that the data presented are so irrefutable, that the outcome predicted by the book is equally as irrefutable. The compelling proof presented accurately accounts for the detailed trend of the economy from 1920 to today (something never before accomplished), and projects out to 2030 in detail. The book is very easy to read and understand, and requires no prior knowledge of economics. Down to earth things the average person can do to prepare for what is coming are covered. A summary of the catastrophic domestic social and international consequences is offered.

From the Publisher
If there ever was a book that should be read by the entire adult population, this is it. The events described in The Great Bust Ahead will be the greatest story of the first quarter of the twenty-first century, if not the century. All of our lives are going to be dramatically affected beginning in just a few years from now. The depression of epic proportions that is predicted has THIRTY MILLION unemployed and stock market losses of over eighteen TRILLION dollars. The book leaves you with the conviction that for the first time you understand what the economy is all about. Everything presented in the book is so factual, so unchallengeable, it is hard to know what to say other than "go read it" and then start preparing as best you can.

2006-08-07 00:29:35 · answer #2 · answered by Happÿ 2 · 0 0

Yes, in fact it was trigggered by Wall Street's fall.

2006-08-06 11:12:27 · answer #3 · answered by ag_iitkgp 7 · 0 0

I don't know what was the UK's reason?....

2006-08-06 11:08:00 · answer #4 · answered by Anonymous · 0 0

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