Moreover, Mussolini based the economic development of Italy on agricultural production instead of industrial production like Germany, with the policy of ‘Battle of the Grain’. However, when Italy was led into the WW2, the agricultural economy collapsed in a relatively shorter time since the industrial output remained low under Mussolini’s policy, which was essential in fighting WW2. Mussolini also inflated the value of the lira in his ‘Battle for the lira’, making exports more expensive. (Robert, 2003) This created unemployment at home as many industries and firms could not sell their goods.
Europeans monopolized trade with India and China and set high prices of goods sold in the empire, which greatly affected Ottoman trade and caused inflation in their economy. Moreover, the British, French, and Greek forces combined and were ready to fully take control over Thrace and Constantinople. The location of Constantinople was very significant to the Ottoman trade. In addition, Constantinople was very important to the Europeans as it was such a strong and important city during the Roman Empire. For Ottomans to conquer such a city was psychologically not accepted by the Europeans.
Finally, their social fabric changed much like France’s. Peasant revolts began to happen just like in France because of high taxation. The parliament went as far as The Statute of Laborers to try to put an end to social mobility further angering peasants. The peasants wanted less manorial responsibilities but instead they saw a movement to lower wages and rights. The English would recover and be able to continue being a world power.
The Fall of The Roman Empire In its prime, Rome was the greatest superpower on Earth. Its reach and influence stretched from Europe to Africa, into Greece and even Asia. They created some of, if not the, best aqueducts, cities, roads, and structures in the ancient world. The buildings and cities they made are some of the most recognised in the world and stand even thousands of years later. Their military was the most powerful the ancient world had ever seen.
Because of the introduction European steel, weapons and cloth many traditional craft skills were lost over a generation. The result was the loss of a culture and yet another tool for Colonial America to control Native Americans. The French and English war early on and then the American Revolution are good examples of how Native American dependency on trade goods and competition for said goods, were utilized in order to manipulate them into battles for both European powers. The fact that the Native American’s allowed themselves to be abused in such manner gives credence to the fact that they were too dependent on European customs assimilated into their lifestyles.
One of the other causes for the fall of Rome was the slave labour. The number of slaves increased considerably in the first 2 centuries of the Empire. The Roman's dependence on slave labour led not only to the decline in morals, values and beliefs but also to the temporary stop of any new technology. Romans could rely on the slave labour for all their needs but this reliance inhibited technological transform and development. The poor treatment of slaves led to several Servile (Slave) Wars.
The issue of instability between the invasions on the eastern and western frontier along with the reduced tax earning from losing land and overall wealth demand caused by these infractions hit on external problems that pestered the empire. The "widespread of tax relief that the Imperial government was forced to grant in for 10, the year after the goals had left the peninsula"29 was how Ward-Perkins described the invasions that cause this long-term damage to the tax base and foundation of this empire. This instability within the empire among their revenue stream caused a ruckus and overall despair among the society. The throne was seen as being strangled by foreign invaders if this was a time where the emperor needed more revenue streams to support the bad habits and debts of a government that was unable to support bad habits. 16 this ultimately broke down the military legions of Rome to protect their own borders and ultimately fall to their foreign
The quote states that UK didn’t have enough money to pay, so it had to borrow money from USA. It shows that the economy of UK was bad after WW1. According to National Archives, “In the bulk of the pits in both distriots the work of pumping is being carried on by volunteers and naval ratings. ”(National Archives) It shows that the government had no more money to pay for the workers, so the works were carried on by volunteers.
2. Growing businesses prospered in the 19th century due to improvements in technology and the surplus of work labor. The methods used to run these corporations were by the use of monopolies, which were divided into the robber barons and the captains of industry. The robber barons were negatively portrayed monopolists who were discerned to be hoarding their wealth. Some famous robber barons were
He collected taxes without the consent of the estates general in order establish many things, fund a series of wars, build a bigger and stronger military and to build his palace, the Palace of Versailles, when it was built he insisted that the nobles spend more time there (Doc 2). This eventually led the nobles into debt because they spent most of their time and money at the Palace of Versailles. The nobles being in debt meant that they lost status and power, which ultimately fed the basis for the French Revolution. Document 3 states; “The aftermath of the revocation was disastrous for France. Many of those who abjured [gave up] their Protestant religion repented of their weakness.
The average person did not have the money to buy all the needs and wants desired. The economy started to turn into an unstable one, due to the amount of money owed. During the 1920’s, it was very popular for people to purchase an item and pay it off at a later date.
Factories were producing more than people could purchase, therefore losing many materials and money. Plus the government was giving out loans that people couldn’t pay back, which gradually brought debt throughout the country. Political wrong-doings, unhealthily high productivity rates, unequal distribution of America’s assets; these were all things that seemed good at the time, but proved to be more bad than good as it led America into its darkest time: The great Depression. At the time of The Great Depression, the US president was Herbert Hoover.
Farmers were enticed by high prices persuaded farmers to grow a single “cash” crop. Profits were then used to buy food and manufactured goods. In the 1880s, bankruptcy fell into the nation and caused low prices and a deflated currency. As a result, there was not enough dollars to go around and caused debt. Farmers were forced to by expensive machinery to increased crop production, which were sold at low prices and caused even more debt..