Wednesday, March 3, 2010

The international reactions to the great depression

The great depression was a global economic downturn that was very dramatic in some countries in the early months of 1928. In the United States it was further associated with the stock market crash and it had adverse effects on the the global economy since most of the countries in the world were affected. [1]
The great depression further ended at different times in various parts of the world. Many internationalists reacted very differently towards the depression and they further instigated some programs which would relate to the great depression. Some of this reaction programs are inclusive of the reciprocal trade agreement acts of the 1934, the quadripartite conference as well as the Smoot Hawley Tariff Act.

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