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mr.west project

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idalia miranda

on 26 April 2010

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Transcript of mr.west project

The Great Depression
(The past and the present) (Inflation) in order to purchase
the necessary military suplies, the
goverment printed more money for world war 1. Which led to over production. George Bush gave the banks 7 BILLION dollars to the banks, which he didnt have, and led the banks in more debt.
While Herbert Hoover largely ingnored the causes and effects
of the Great Depression, Franklin D. Roosevely took imdiate charge
.He introduced a variety of regulation to prevent financial catastrophes
from reurring, he strove to assuage the fears of the American public, and he invested billions of dollars on federal funding toward job creation. President Barack Obama is following in Roosevelts footsteps, excepted that his "New Deal" program costing American taxpayers trillions of dollars, NOT BILLIONS. GOVERMENT INTERVENTION During the Great Drepression bank failed
becuse Americans panicked and withdrew all
their money virtually overnight, After
the stock market crashed. This time around, the bank are failing again , because of their own suspect lending practices. When seemigly all
credit standard were throw out the window as lenders rode the wave of the houseing market boom. People stop spending money, which also deepened the aconomic crisis
as demand for products and services ground to a halt. American Economic Policy with Europe
As businesses began failing, the government created the Smoot-Hawley Tariff in 1930 to help protect American companies. This charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation.
Gas prices
As time passes by, prices of oil rise which in turn causes the price of gas to rise. We will begin to see a reduction in the prices of gas when the U.S.A’s dependence on foreign oils begins to decline.
High unemployment rates:
The Great Depression saw the U.S. unemployment rate soar to 25% in 1933, and in 2008 and 2009, millions of jobs have again been lost. As of April 2009, the U.S. unemployment rate was 8.5%, with eight states in the nation reporting rates higher than 10%. If the amount of people who stopped looking for work and/or settled for part-time work are included in the U.S. unemployment calculations, the true rates climb to 15%.

What ended the Great Depression? World War II:
The Great Depression finally came to an end, not because of Franklin D. Roosevelt’s New Deal or the massive growth of federal government programs and intervention, but because of World War II. American exports increased as Europe ordered munitions, ammunitions, and supplies for the war, and that, combined with America’s war efforts, put millions of workers back in factories.

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