My History Reflection by Yorj Andrei Bernardino https://padlet.com/bernardino3/yixab9xdt3qehfrf en-us 2024-06-07 03:22:22 UTC 2024-06-13 14:29:59 UTC hello@padlet.com The Great Depression bernardino3 https://padlet.com/bernardino3/yixab9xdt3qehfrf/wish/3020887383 2024-06-07 03:31:38 UTC https://padlet.com/bernardino3/yixab9xdt3qehfrf/wish/3020887383 Summary bernardino3 https://padlet.com/bernardino3/yixab9xdt3qehfrf/wish/3020890069 The Great Depression unfolded in the early 20th century, wreaking havoc on economies worldwide. Originating in the United States after the stock market crash of 1929, its ripple effects were felt globally, lasting throughout the 1930s. This economic catastrophe was characterized by widespread unemployment, poverty, and a collapse in industrial production. Hoovervilles, makeshift communities of homeless people, emerged, reflecting the desperation of the times. Governments grappled with unprecedented challenges, experimenting with various policies to alleviate the suffering, including Franklin D. Roosevelt's New Deal in the US, which aimed to provide relief, recovery, and reform. The Great Depression fundamentally reshaped societies, prompting a reevaluation of economic systems and government intervention in markets. Its enduring legacy serves as a stark reminder of the catastrophic consequences of economic instability and the importance of proactive measures to prevent such crises in the future.

]]> 2024-06-07 03:36:09 UTC https://padlet.com/bernardino3/yixab9xdt3qehfrf/wish/3020890069 Causes bernardino3 https://padlet.com/bernardino3/yixab9xdt3qehfrf/wish/3020890692

  • Vulnarability in the global economy.

  • Financial Speculation.

  • Blunders by the Fed.

  • The gold standard.

  • Hawley Act (The Smoot).

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