What factors contributed to the great depression? (pgs. 520-522)

The beginning of the Great Depression in the United States is considered to be August 1929, when the industrial production index reached its peak. At that time, money was tightly tied to gold reserves, which limited the money supply. At the same time, production grew. At the turn of the century, new types of goods such as cars, planes, radios appeared. The number of goods in mass and by assortment has increased many times. As a result of the limited money supply and the growth of the commodity supply, strong deflation arose - a fall in prices, which caused financial instability, the bankruptcy of many enterprises, and loan defaults. A powerful multiplier effect has hit even growing industries.

From the standpoint of monetarism, the US Federal Reserve monetary policy triggered the crisis. A sharp decline in money supply by one third between August 1929 and March 1933 was a huge brake on the economy, and was the result of the incompetence of the Fed leadership.

This period was characterized, on the one hand, by very powerful technical changes, and on the other, by the abundance of capital, which allowed both updating capital and expanding stock exchange operations, as a result of which the speculative “bubble” increased.

Explanation:

the crusades are one of the most significant events in the history of europe and the middle east.   they were a series of religious wars carried out by christian crusaders from europe during the timeframe of the middle ages.   beginning in 1095 ce, the crusades saw european knights and noblemen travel to the middle east in an attempt to capture the holy land away from muslim people that had controlled the region for the previous centuries.   the term crusade means ‘cross’.   therefore, the europeans that became crusaders viewed themselves as ‘taking up the cross’.   in fact, many of the crusaders wore crosses on their clothing and armor as they made their pilgrimage to the holy land.

explanation:

john maynard keynes developed new economic theories in response to the : b) great depression of the 1930s. his theories are so important that they are known as "keynesianism". in his works he supports the idea of a government with deeper involvement and intervention to end the great depression.