The agricultural countries that were experiencing a decrease in economy bought less from the more industrialized countries, which also harmed their economy and productivity

The agricultural countries that were experiencing a decrease in economy bought less from the more industrialized countries, which also harmed their economy and productivity

Beyond the Wall Street crash of 1929 there were a number of reason that caused the Great Depression. The world agricultural prices were steadily declining hurting parts of Europe and affecting the trading with other countries at the same time. The agricultural countries that were experiencing a decrease in economy bought less from the more industrialized countries, which also harmed their economy and productivity (Cole 693). This was the slow build up that would cause the Great Depression. Problems in the New York market affected banks, businesses, and employment in Germany Austria, and elsewhere across Europe because the crash had immediate issues for other countries because they were unable to make their money back, and the lack of government help during this time made many businesses close during this time (Cole 693). Citations Cole, Joshua, and Carol Symes. Western Civilizations: Their History & Their Culture. W.W. Norton, 2015.


 


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