After the First World War 1914-1918.Soedinenney States permanently occupy a leading position in the global economy.At that time, as the destruction of Europe licking their wounds and rebuild the economy, the United States, which is not conducted military operations on its territory, has become a global lender and financial benefactor.All this is illustrated by the rapid growth of industrial production, the expansion of the capital increase in exported products.Such a situation is for the government and business circles, and ordinary citizens of the USA created the illusion of unending stream of benefits that will be accessible indefinitely.
first call signs the global economic crisis of 1929 gave in late October 1929, when there was a collapse of the overvalued shares.From it affected about twenty-five million Americans have taken a heavy blow bank structures.This event was the starting point of the Great Depression that swept the world.
global economic crisis of 1929 was essentially a crisis of overproduction, which, as you know, has a certain cyclical.Due to the fact that the product of the mass of commodities has exceeded demand, a crisis in many enterprises, which in turn pulled a crisis of large and small banks.Violation of natural economic laws has led to the ruin of entire countries, but most of all the global crisis of 1929 hit America.It threw the country twenty years ago, when the prosperity of not yet dreamed of.
It should be noted that the world economic crisis of 1929-1933, a significant impact not only on the economy but also on the whole ideology of the American nation.Individualism, which is propagated for centuries, has now been forced to admit his failure.It demanded immediate government intervention in private business structures, which in America has never been hitherto.
In its pedantry and obstinacy President Hoover was absolutely convinced that the country will exit the crisis - so strong was the belief in the American economy.However, during the crisis proved that on it only gets worse.The country has begun strikes and demonstrations, forced the credit institution has been established, maintained by banks, industry and transport, a special office was created for farmers.All enterprises by inertia continued to support production, but in fact the problem was a low public demand for manufactured products.Unfortunately, the work of these structures has not been so successful so quickly to bring the country out of crisis.
global economic crisis of 1929 grew.Cadence Herbert Hoover came to an end.It is time for change and decisive action.In the elections of 1933 in America wins Democrat Franklin D. Roosevelt, who held a so-called "new course", largely pull the country out of crisis.It was the only president who was elected more than twice in a row, he led the country in the most difficult times for the world - during the Depression and World War II.
Roosevelt took America into disrepair.The population has lost faith in the US currency, the growing threat of the financial crisis because of the massively dumped dollars buying gold.The number of unemployed was a record high - about fifteen million in general had no social support.
The main essence of the course Roosevelt - state intervention in the economy.Now business position out not only businesses, but also the state itself, which has become the chief regulator of relations between employers, banks, trade unions.The measures that were taken, were to some extent are not popular among the population and entrepreneurs, but the rigidity of exposure of this policy has led to positive changes.As a result of the "new course" of the world economic crisis of 1929 began to retreat, but the policy of state regulation lasted until the death of Roosevelt in 1945.It gave a powerful impetus to the country for long-term economic resuscitation, so now America holds leading positions in the world market.
