Two questions of us history Essay Example | Topics and Well Written Essays - 500 words

Two questions of us history - Essay pillow slipThe causes of Great Depression were more profound in that strong policies for dealing with global financial crisis were uncertain in absence of authority. This means that the dominant economic supremacy, which put up the global reserve currency and after part offer liquidity and expanding demand were the main cause of the Great Depression. The collapse of the British hegemonic supremacy and the involuntariness of the US to step into hegemonic role vacated by the UK government were the deeper causes of Great Depression.The fiscal polity was not entirely the central measure for economic recovery, but also the historians argue that the New Deal utilize to assert the crisis was even worse because it delayed the upturn (Perry 16). However, the research study of the New Keynesian policy that suggested fiscal policy argued that this policy contributed no subject to the restoration or economic recovery. This is because of the trade defic it thus the overbold docket were developed during the anti-New Deal agenda, which focused on the issue of precautions or measures for controlling economic crisis. The congress implemented diverse policies under the New Deal including fair Labor Standard policies, whereby child labor and new wage policies were implemented. The state government also implemented other policies including social security measures and unemployment compensation have been among the aspects put in place for solving economic crisis.One of the long lasting effects from WW2 is the sack of political or military power from Europe to the Soviet Union and the US government. The good thing is that the WW2 contributed to formation of treaties such as South East Asia Treaty, which was established for defense in Far East. Although the WW2 direct to bad effects such as increased deaths, destruction of properties due mass bombing, the end of state of war led to significant transformation including countries gained