The Causes Of Globalization During The Great Depression

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In the decades preceding the Great Depression, the world’s economy had been dealing toward globalization. Some countries reduced the barriers to trade and capital flows. When more nations became integrated into a expanding world economy, it set the stage for modern economic growth. At that time, more people started to enjoy political and economic freedom more than any other time in history.
The hardship of the late 1920s and the 1930s has yet to be replicated on such a grand scale. The 25% unemployment rate was a reality back then. Few people remember the Hard Times of the Thirties. Fewer still understand the root CAUSES of depression — or inflation. Many critical money problems are still with us today!
Those who lived through the Depression have experienced want, poverty, destitution, frustration, hunger, pain, loneliness, and despair such as the
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During the Depression, people still had fun, just not lavishly expensive fun. It took some imagination and ingenuity, but they had a lot of fun without hanging out at the mall, and you can too. Many of the friendships and alliances formed during the Great Depression on the basis of such activities stood the test of time.
Do it yourself. When money is short, you don 't really have a choice. Either you do it yourself, or it doesn 't get done. Learn how to fix and maintain everything in your home, including your clothes and accessories.
See frugality as a virtue. There 's a difference between being frugal and being cheap or stingy. A frugal person makes the most of what they have; a cheap person is just focused on not spending money. During the Great Depression, frugality was seen as a positive trait. During hard times, it 'll help you get by, but when things get better, maintaining those habits will help you build wealth. Plus, frugality requires planning, creativity, and critical thinking, all of which are important life skills, regardless of the state of the economy.

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