Question

Answer the following questions completely.

What has generally been associated with intensifying the worldwide depression?

Domestic content legislation applied to autos would tend to do what?

Answer 1

1. Severe unemployment and acute deflation in virtually every country in the world, with no less staggering social and cultural consequences are generally been associated with intensifying the worldwide depression

In the summer of 1929, the Great Depression started as a normal depression in the United States. Nevertheless, the recession accelerated dramatically in late 1929 and continued until the start of 1933. Real output and prices have fallen sharply. Industrial production in the United States fell 47 percent between the peak and the recession low, and actual gross domestic product (GDP) dropped 30 percent. Although there is some discussion about the reliability of statistics, it is widely agreed that at its highest point, the unemployment rate exceeded 20 percent. The magnitude of the Great Depression in the U.S. is particularly clear as compared to the next worst depression in America, the Great Recession of 2007–09, during which the actual GDP of the nation fell just 4.3 percent and the unemployment rate peaked at less than 10 percent.

2. Domestic content legislation applied to autos would tend to support wage levels of American autoworkers