Thus the collapse of the stock exchange was the result of many different causes. The bad presidential decisions helped ruin the US economy as they didn’t focus on all parts of the US economy – mainly neglecting the agricultural sector. There were so many reasons why the stock market crashed. The laissez-faire policy had a huge influence. Furthermore the loans paid towards other countries that were never paid back resulted in a huge amounts of money lost which couldn’t be paid back to try help the US.
The boom was leading people away from basic farming food and to other chains available to them. Another important reason was the lack of demand from the European market. During the war, tons of grain had been shipped by America to Europe, which made Europe, America's biggest customer of grain. But, because of the devastation in the war, many European countries had been vastly bankrupt and very few countries could afford to buy farming goods anymore. To add to this, the republicans made it worse by the high tarrifs put up to protect America industries.
Consequently, he was sidelined in the CCP. The direct consequence of this was the Cultural Revolution, as he sought to regain his lost prestige and power in the CCP in his attempts to remove his political rivals the liuists or the pragmatists from power. The Cultural Revolution that took place in the years from 1966-1976 had done great harm to the country and its impact was felt economically and socially. The Cultural Revolution was marked by ten years of chaos and violence which took their toll on the youth of China, who missed out on valuable years of their education due to the mayhem which took place. The repercussions from this bulwark to education are still being felt in China to this day.
Reasons Behind the Failure of the Provisional Government The provisional government was brought about after the fall of the Tsarist government collapsed. This was done purely because of lack of support for the Tsar and being the only major party. They were in power for 8months and after making five serious errors; they were removed from power by force. Kerensky ran the provisional government and it was his lack of judgement, just like the Tsars stupidity and gullibility that let him down. The first error he made was that he made no attempt to make the provisional government legitimate.
This caused the USSR to employ more border control, which cost the government more money, and therefore hurting the economy of East Germany, as well as in the USSR. In addition to no civilian support, Communist Germany was not granted Marshall Plan (Burgan 32). Marshall Plan was the economic aid provide... ... middle of paper ... ...o the Soviets inability to properly contain their civilians. The main reasons why the Union of Soviet Socialist Republics lost the Space Race the United States of America are because the USSR was communist. The civilians did not support or like living in a communist society, which made them flee to freedom and ran the cost of border control up to employ more guards.
High expectations of economic growth even with “shock therapy”--unemployment, social discontent and opportunities for corruption; influence of western politicians and the U.S. policy; and failing to completely reform the communistic system were some factors to why some became rich but led many to misery and an early death. Despite the huge infusions of Western money, millions of ordinary Russians struggled to survive in an economy neither capitalist nor communist, but something brand new and strange, which ultimately led to the failure of economic reform in Russia. In the fall of 1996, Boris Yeltsin won the presidential election in Russia. He was viewed as the personification of reform in Russia.... who had vanquished the Communist dragon during the hard-line coup attempt of August 1991 -- and the leader best placed to introduce democratic, market-oriented reforms. In the same year Yeltsin became the President of Russia, the U.S. ambassador to Russia, Thomas R. Pickering, predicted by the fall of 1999, Russia would be one of America’s top trading partners.
Candidates running for political office positions always feed its citizens lies, and never accomplish the promises they make. This leads cynicism and a lower voter turnout. With less people going to vote, the wealthy and corrupt are taking the office positions and making the nation benefit themselves, rather than its citizens. If America’s own citizens don’t even trust the government, how do they expect... ... middle of paper ... ...but it is also taking away the jobs of many Americans. Not many goods are made in America today; this is affecting the trade with other countries, which affects the economy.
Thus, causing hundreds of people to lose their jobs and if people did not have jobs, they were not able to shop for anything. If people were not able to shop for products, then stores would start closing down due to lack of business and more cut back in jobs. Moreover, when gas was high, it caused a higher rate with transportation and therefore the cutback on truck drivers and manufactures. With businesses going down, prices on items started to rise up to keep up their payments as well. When such chaos went across the nation, the world had experienced the second great depression once the stark market collapse due to the lack of sells.
Hence, Yeltsin passed the presidency on to Putin; the promotion of democracy was severely limited by an authoritarian leader wanting more power. Corruption during the 1990’s increased and expanded with the developments of the Russian Mafia. “Many Russians believed that the unbridled pursuit of individual interests during the 1990s gave rise to lawlessness, corruption, and other centrifugal forces that weakened the state (Richter 40).” An extreme amount of hyperinflation and the ruble nearly crashed overnight in the later half of the decade due to the lawlessness of investments. Boris Yeltsin had many problems especially with the development of a constitution. “About one-quarter of Russians felt satisfaction in 1996 with the course of democratization, or nearly as many as were dissatisfied (Colton and McFaul 17).” Even though a large percentage of the people were dissatisfied with the government they did not want the communist party back.
Although a reason of the Russian Revolution was possibly Tsar's deprived governance because of his misconduct towards inhabitants, the main cause of the Russian Revolution was World War I because The First War demonstrated poor infrastructure in the Russian government politically and economically. The Revolution was brought by military defeats and starvation during World War I, which started problems in the battlefields. The war did not progress well for Russia because supplies to the Russian capital deteriorated significantly. The demands of waging war exhausted the Russian economy and exposed the restrictions of the Russian manufacture. All the combatants in World War I suffered scarcities and prov... ... middle of paper ... ...ng World War I, which caused conflicts in the battlegrounds.