Question

1. What was the impact of the Great Depression on California? must be 250 word anwser

2. What was the political platform of EPIC? How did it appeal to voters? Was it succesful? Why or why not? must be 250 word anwser

Answer 1

Impact of great depression on California

a depression is characterized by economic factors such as a substantial increases in unemployment, a drop in available credit, dimension output, bankruptcies and sovereign debt defaults,reduced trade and commerce and sustained volatility in currency values. In times of great depression consumer confidence and investments decreases causing the economy in short down. While the Wall Street crash was triggered by minor events the extent of the the decline was due to more deep-rooted factors such as a fall in aggregate demand, misplaced monetary policies and un unintended rise in inventory levels.

Impacts:-
-in the California prices and real output fail dramatically.Industrial production fail by 47% and wholesale price index by 33% and real GDP by 30%.
-the havoc cost in the the California spread to US and other countries mainly due to the gold standard which linked most of the world's currency is by fixed exchange rates.

-in California and USA also almost every country of the world there were massive job losses deflation and plastic contraction in output.

- unemployment in California and USA increased between 1929 to 1933.

-the depression causes extreme human suffering and many political upheavals took place in California.

- it had a profound impact on institutions and policy making in California USA and globally and led to the gold standard being abandoned. For California the nation and the world the 1930 is was a period of particularly hard times. The US stock Market crash of 1929 state of the most severe economic depression in the the Western world.

In the American Midwest this was compounded by severe draught that destroyed crops and farms. Of the 2.5 million dust bowl immigrants who left the plains state, about 2 lacs moved to California.they joined a population that was already facing massive unemployment and low wages.