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THE ECONOMY. THE GREAT DEPRESSION - Coggle Diagram
THE ECONOMY.
THE GREAT DEPRESSION
WIDESPREAD CRISIS
UNITED STATES
Millions of people lost their money and savings
Banks went bankrupt, ruined industries and farmers
GENERAL DEPRESSION
Foreign trade paralyzed due to adoption of protectionist measures
1930, 1931 Great Depression as it affected the rest of the world and was one of the greatest economic crises
SOLUTION PROPOSALS
United States,
Roosevelt
NEW DEAL
(control banks, subsidies to agriculture and industry, reduction of working hours, minimum wages...)
John Maynard Keynes' ideas
(stimulate investment, employment and consumption through state intervention in the economy)
Autarchy
(Economic system in which a state supplies itself with its own resources, avoiding imports as much as possible.)
CONSEQUENCES OF THE CRISIS
SOCIETY
More unemployment and inequalities
Pessimism and lack of confidence in progress
POPULATION
Not growth
Decreased transoceanic migration due to limited entries
POLITICS
Rise of ideologies like totalitarianism and communism
Discredit of democracy
ECONOMY
Decrease in agrarian and industrial production, reduction in foreign trade
Rejection of the capitalist system by the middle and working classes