re numerous than the rule, but the United States and most parts of Europe did enjoy relatively favorable economic conditions between 1924 and 1930. But it turned out that this prosperity rested on American loans and American markets, which now almost vanished. A European economy still recovering from the trauma of the war and its aftermath was too frail to weather this storm.of the most punishing features of the depression had been the drastic fall in agricultural prices, together with other primary products. The years from 1925 to 1928 brought good harvests all over the world, the latter a record in wheat. The price of grain tumbled just as the industrial and financial slump hit, compounding the crisis. Loss of urban and international markets afflicted farmers already in trouble from overproduction and, frequently, from a burden of debt incurred in expanding production and buying agricultural machinery. With unemployed workers suffering from hunger, the sight of farmers refusing to harvest crops because the price was too low to make it worthwhile drove home the bitter lesson of poverty in the midst of plenty, the curse of Midas fallen on man. But by 1936 agricultural prices had risen somewhat.
8. Industrial revolution in the USA:
affects and consequences.the last part of the 18th century, a new revolution gripped the world that we were not ready for. This revolution was not a political one, but it would lead to many implications later in its existance. Neither was this a social or cultural revolution. This revolution was an economic one.Industrial Revolution, as it know called by historians, changed the ways by how the world produced its goods. It also changed our societies from a mainly agricultural society to one that in which industry and manufacturing was in control.industrial revolution first got its start in Great Britian, during the 18th century, which at the time was the most powerful empire on the planet. So, it ws inevitable that the country with the most wealth would led in this revolution. After it adoption in England, other countries such as Germany, the United States and France joined in this revolution.this time there were also many new technological advancements, socioeconomic and cultural problems that arised.the technology front, the biggest advancements were in steam power . New fuels such as coal and petroleum, were incorporated into new steam engines. This revolutionized many industries including textiles and manufacturing. Also, a new communication medium was invented called the telegraph. This made communicating across the ocean much faster., Along with this great leap in technology, there was an overall downfall in the socioeconomic and cultural situation of the people. Growth of cities were one of the major consequences of the Industrial Revolution. Many people were driven to the cities to look for work, in turn the ended livin...
