Web Questions for Chapter 6 of Fulcher’s CAPITALISMPosted: July 4, 2012
Below please find some questions on the portion of Chapter 6 on the Great Depression from Capitalism by James Fulcher that we read. These were written by your classmate, Alex Ashurov. Please answer one of these with a response of a paragraph or more.
1) According to Fulcher, the 1930’s demonstrated the capitalist world economy’s vulnerability to crisis. What does he say are the main sources of said vulnerability?
2) Fulcher states that there was a period of steady growth lasting from the middle of the 19th century to the First World War. What problems arose in the 1920s that pointed to a slowing of this growth? In retrospect, what were some of the major signs of the oncoming depression?
3) When the Great Depression started, domestic production within countries faced major crises. What were the actions that governments took regarding foreign competition? What did the U.S. government do? How did these measures affect the world as a whole?