HIST 2500 Lecture : Feb 27- J.S. Woodsworth and Jackie Bates.pdf

36 views2 pages

Document Summary

22 years as prime minister mackenzie king. Mackenzie king didn"t believe with intervene of government in the economy. Governments could borrow massively and support financial institutions in trouble or let the market take its course. Mass unemployment and political instability across the world. Germany is forced to pay to gb and france that they can pay. British and french economy depending on this payment so they can pay for their own debts. Credit becomes less available availability of money. Lower interest rate marks as an endorsement for ppl to borrow. The government reduces their expenditures instead of putting money back into the economy. People cant buy anything so they go bankrupt. Decreasing demand trade restrictions on foreign products tariffs increase on goods coming into their country to inveterate internal economy and increase prices national on goods themselves (goods coming in and produced within) Increase prices less demand bc goods are too expensive and exacerbates crisis and decrease in employment.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents