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AP World History 1.1 Accelerating Global Change and Realignments, c. 1900 to Present. The Treaty of Versailles placed blame for World War I on...wh...
AP World History 4.3 Industrialization and Global Integration, c. 1750 to c. 1900. What was the immediate cause of the First Sino-Japanese War?
AP World History 3.2 Industrialization and Global Integration, c. 1750 to c. 1900. The Sepoy Mutiny resulted in...what?
AP World History 1.5 Accelerating Global Change and Realignments, c. 1900 to Present 216 Views
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Description:
AP World History 1.5 Accelerating Global Change and Realignments, c. 1900 to Present. During the Great Depression, South Africa experienced an unexpected economic boom because...what?
Transcript
- 00:00
Thank you We sneak and here's your shmoop du jour
- 00:05
brought to you by unexpected economic booms Use the word
- 00:09
boom very lightly around here there is the question during
- 00:12
the great depression south africa experienced an unexpected economic boom
- 00:16
because what are y and hear the pendulum All right
Full Transcript
- 00:21
let's take a look at bea during the depression oil
- 00:23
prices didn't increase what the office that actually they started
- 00:26
falling And when you combine falling prices with the ever
- 00:29
expanding supply of oil from countries across the world then
- 00:33
throw in the fact that everyone was trying to sell
- 00:35
sell sell mortar marcel despite no one wanting to buy
- 00:38
buy buy well kind of like the last remaining date
- 00:41
squares and a bake sale Well you're not going to
- 00:44
see an unexpected economic boom anytime soon Hey that were
- 00:48
a poet and we didn't even realize were capable of
- 00:50
such things C is also incorrect While south africa did
- 00:53
have a strong agricultural industry the sudden lack of a
- 00:56
global demand for his exports took a serious toll on
- 00:59
their export value well for instance shrunk seventy five percent
- 01:03
which is twenty five percent less than that willis letter
- 01:05
The salesperson swore to you wouldn't shrink drank he's not
- 01:09
the right answer While the illegal sale of alcohol during
- 01:11
prohibition was a surefire moneymaker south africa made it's mint
- 01:15
during the great depression in a different shining away go
- 01:18
which means is the correct answer that africa has always
- 01:21
been known for two commodities gold and diamonds We also
- 01:25
know that when cash loses value like it did during
- 01:27
the great depression precious metals like gold Often experience is
- 01:31
significant value increase Because the mining industry in south africa
- 01:35
was the most advanced in the time investors felt safe
- 01:38
putting their money They're allowing south africa's gold industry to
- 01:41
flourish the next time a great depression hit You know
- 01:44
where to invest and perfectly don't store it in your 00:01:46.365 --> [endTime] couch That's What banks are for people go
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