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AP World History 1.2 Industrialization and Global Integration, c. 1750 to c. 1900. All of the following are innovations of the Industrial Revolutio...
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AP World History 1.5 Accelerating Global Change and Realignments, c. 1900 to Present 216 Views
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Description:
AP World History 1.5 Accelerating Global Change and Realignments, c. 1900 to Present. During the Great Depression, South Africa experienced an unexpected economic boom because...what?
Transcript
- 00:00
Thank you We sneak and here's your shmoop du jour
- 00:05
brought to you by unexpected economic booms Use the word
- 00:09
boom very lightly around here there is the question during
- 00:12
the great depression south africa experienced an unexpected economic boom
- 00:16
because what are y and hear the pendulum All right
Full Transcript
- 00:21
let's take a look at bea during the depression oil
- 00:23
prices didn't increase what the office that actually they started
- 00:26
falling And when you combine falling prices with the ever
- 00:29
expanding supply of oil from countries across the world then
- 00:33
throw in the fact that everyone was trying to sell
- 00:35
sell sell mortar marcel despite no one wanting to buy
- 00:38
buy buy well kind of like the last remaining date
- 00:41
squares and a bake sale Well you're not going to
- 00:44
see an unexpected economic boom anytime soon Hey that were
- 00:48
a poet and we didn't even realize were capable of
- 00:50
such things C is also incorrect While south africa did
- 00:53
have a strong agricultural industry the sudden lack of a
- 00:56
global demand for his exports took a serious toll on
- 00:59
their export value well for instance shrunk seventy five percent
- 01:03
which is twenty five percent less than that willis letter
- 01:05
The salesperson swore to you wouldn't shrink drank he's not
- 01:09
the right answer While the illegal sale of alcohol during
- 01:11
prohibition was a surefire moneymaker south africa made it's mint
- 01:15
during the great depression in a different shining away go
- 01:18
which means is the correct answer that africa has always
- 01:21
been known for two commodities gold and diamonds We also
- 01:25
know that when cash loses value like it did during
- 01:27
the great depression precious metals like gold Often experience is
- 01:31
significant value increase Because the mining industry in south africa
- 01:35
was the most advanced in the time investors felt safe
- 01:38
putting their money They're allowing south africa's gold industry to
- 01:41
flourish the next time a great depression hit You know
- 01:44
where to invest and perfectly don't store it in your 00:01:46.365 --> [endTime] couch That's What banks are for people go
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