The American economy was more dynamic, embracing the fast growing industries such as automobile production. ... Before WWI, the United States was a debtor nation. ... This forced countries to develop a surplus in trade with other nations before they could pay us back. ... Many countries stockpiled their extra reserves, and although this may be seen as waiting for higher prices in a period of economic growth, it definitely indicates a volatile food market. ... Also, nations could hold part of their reserve in foreign currency, since gold supply was limited. ...

• Word Count: 1758
• Approx Pages: 7

In order for the nation's economy to be stable total demand has to equal total supply. ... "Industrial production increased 50% , but workers could not buy goods as fast as the industry them because their wages were just too low and could only spend their money on the things they absolutely needed. ... When WW1 came to an end all European nations that allied with the US owed lots of money to American Banks. ... The working class, 1 in 4 lost their job and with no way to make money many lost their home and struggled to get food for their families. ... As mentioned before, families wer...

• Word Count: 1629
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

The use of labor saving machinery in factories and on farms enabled workers to produce more goods faster and less expensively. ... At some points, the American consumer could not buy the goods as fast as they were produced. ... The nations illusion of unending prosperity was shattered on October 24, 1929. ... Also, the plants used up the nutrients in the soil faster than they could be replaced. ... Unemployed young men who joined Hitler's groups were given food, shelter, uniforms and a sense of purpose. ...

• Word Count: 2446
• Approx Pages: 10
• Grade Level: High School

In World War I, European nations went off the gold standard to print money. ... Food came first before making babies which is acceptable since people lack the necessities of life. ... Due to this, many people were out of work and money, and food began to run low. ... " People could not afford their food, let alone their own life! ... " (McLelland) "Unfortunately for the well being of Canada's economy prices continued to plummet and they even fell faster than wages until 1933, at that time, there was another wage cut, this time of 15%" (McLelland). ...

• Word Count: 1284
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School

As we all know one of the most crucial and significant elements of globalization is the exchange of products and international trade, through these processes countries have been introduced to many different products, food, and values, that they have never encountered before. ... We are so exposed to various cultural aspects from many different countries everyday; people in Asia are familiarized with western fast food chains like McDonalds and Burger King, the Western countries have been acquainted to the prevalent "anime" culture derived from Japan and Yoga, an Indian spiritual teach...

• Word Count: 2034
• Approx Pages: 8
• Has Bibliography
• Grade Level: Graduate