WEST’S Economic Crisis: The Great Depression in The USA (2030 AGENDA)
ENGLISH: “The Great Depression was the most severe economic recession in the 20th century. It originated in the US and was set off by the Wall Street crash of October 29, 1929. Following heavy losses on the stock market, consumer demand plummeted and so did prices as well as decline in the US economy pulled down other countries and its consequences made themselves felt world-wide. Protectionist policies such as the Smoot-Hawley Tariff Act adopted in 1930 by the American Congress only made things worse. The Great Recession followed the 2008 subprime crisis, which also originated in the US, and is considered to be the second worst downturn in history.“
РУССКИЙ: “Великая депрессия была самой серьезной экономической рецессией в 20 веке. Она возникла в США и была вызвана крахом Уолл-стрит 29 октября 1929 года. После серьезных потерь на фондовом рынке потребительский спрос резко упал, а вместе с ним упали цены и заработная плата.Спад в экономике США потянул за собой другие страны, и его последствия дали о себе знать во всем мире.
Протекционистская политика, такая как Закон о тарифах Смута-Хоули, принятый Американским конгрессом в 1930 году, только усугубила ситуацию. Великая рецессия последовала за кризисом низкокачественных кредитов 2008 года, который также возник в США и считается вторым худшим экономическим спадом в истории.“
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