Tesina di maturità sulla crisi del 1929, collegamenti con: the great depression of 1929, la crisi del 1929, Giuseppe Ungaretti, Articolo 7 Costituzione, Debito pubblico e finanza funzionale, la legge bancaria del '26 e del '36, Riforma Amato e nascita di gruppi plurifunzionali, Reti virtuali private (51 pagine formato doc)
LA CRISI DEL 1929: TESINA MATURITA'
La crisi del 1929: tesina di maturità.Indice: the great depression of 1929, la crisi del 1929, Giuseppe Ungaretti, Articolo 7 Costituzione, Debito pubblico e finanza funzionale, la legge bancaria del ’26 e del ’36, Riforma Amato e nascita di gruppi plurifunzionali, Reti virtuali private.
The great depression of 1929
Between 1919 and 1924 the European economy went through a period of stagnation, all the European countries that had been involved in the conflict were burdened with a heavy public deficit, caused by the vast military expenses, too.
The factors that had determined it had been the enormous investments in the fixed capitals of great industries and a reorganization of the productive systems.
TESINA MATURITA' CRISI DEL 29: COLLEGAMENTI
Until 1928 the U.S.A. enjoyed an extraordinary economic growth. After taking part in the First World War, besides exporting its agricultural and industrial products to Europe, it helped European industries to overcome the post-war crisis, investing large capitals, too.
Between 1925 and 1928 the value of the shares exchanged at Wall Street went up enormously.
However, in October 1929, suddenly, the Stock Exchange collapsed. Actually production had increased so much that it was impossible to find buyers both in America and Europe.
Consequently, industries, unable to sell, failed, while their owners, in turn, were not able to return money borrowed from banks. The same thing happened to farmers and the result was that numerous banks failed, too. Moreover, the Stock Exchange was unable to sell and the value of shares reduced notably so that many people went bankrupt.
The US President of the time, the Republican Hoover, refused benefits to the great number of jobless Americans. He thought it was necessary to grant helps to entrepreneurs and reduce public expenditure, but the crisis was not overcome.
TESINA SULLA CRISI DEL 29, RAGIONERIA
At the presidential election of 1932 Hoover was substituted by Roosevelt, the Democratic candidate. He realized a large economic program, called “New Deal”.
The New Deal outlined the idea of a greater interest of the public institutions to the living conditions of the common citizen and a collective effort of federal organizations. It also included measures for the recovery and the control of the stock market.
This project fixed contributions and financing in order to realize numerous public works, such as: roads, dikes to prevent floods and energy production at low costs.
Farmers were given financial helps and were invited to limit their areas as to avoid excessive production.
The State itself promoted industrial activity and introduced social measures, such as assistance to the jobless, old-age pensions and particular care for children and mothers.
TESINA CRISI DEL 29, SCIENTIFICO
In 1934 the economic situation began to improve. Roosevelt was convinced that to make industries earn it was necessary to give people more spending power by means of sufficiently high salaries. Moreover, if private citizens were not able to favour any economic development and employment, the State had to act as an entrepreneur and spend, even if this led to a series of debts.
This idea, however, implied the refuse of the traditional economic policy, which was based on the principle of “equalized budget”.
Roosevelt’s plan was supported by a famous economist of the time, John Maynard Keynes, who stated that a “balance in red” was not a harmful event for the State if it brought employment or any other positive result in future.