If Trump start a trade war with the World, it will follow a World War 3 - the Big Bang vision maybe coming true.
The Economic Depression 1930s trade war started by US follow a World War 2.
This is what i have been trying to stop for so many years.
ricky l
34 seconds ago
Posted in :-
Reuters – Fri 20 Jan, 2017 3:26 AM IST
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ricky l 0 seconds ago
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
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"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
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ricky l
3 seconds ago
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ricky l 1 second ago
And Deep Depression 1930s --- trigger the 2nd World War.
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World War II and recovery
The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment.[11][90][91][92] The rearmament policies leading up to World War II helped stimulate the economies of Europe in 1937–39. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment.[93] When the United States entered into the war in 1941, it finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%.[94] In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts.[cit
ricky l
3 seconds ago
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ricky l 0 seconds ago
Hour before the announcement of US Election result :-
One Big Bang comes ------ Lightning strike and Thunder roar - when reading the 1st headline of US Election result .....
And a "Vision appear" --------- there will be One Big Bang.......
Let's hope the vision of 1930s Great Depression (Economic Impact) follow by World War 2 (Security Impact) -------- will not be repeated from 2017 to 2021 .....
Because it will end the Mankind .......... if there is WW3........
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ricky l
13 seconds ago
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ricky l 0 seconds ago
南无啊弥陀佛 ！！！ 阿弥陀佛 ！！！
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Europe[edit]
Europe as a whole was badly hit, in both rural and industrial areas. Democracy was discredited and the left often tried a coalition arrangement between Communists and Socialists, who previously had been harsh enemies. Right wing movements sprang up, often following Italy's fascist mode.[24]
As the Great Depression worsened, Labour lost power in Britain and a coalition government dominated by conservatives came to power in 1931, and remained in power until 1945. There were no programs in Britain comparable to the New Deal.
In France, the "Popular Front" government of Socialists with some Communist support, was in power 1936–1938. It launched major programs favoring labor and the working class, but engendered stiff opposition.
Germany during the Weimar Republic had fully recovered and was prosperous in the late 1920s. The Great Depression hit in 1929 and was severe. The political system descended into violence and the Nazis under Hitler came to power through elections in early 1933. Economic recovery was pursued through autarky, pressure on economic partners, wage controls, price controls, and spending programs such as public works and, especially, military spending.
Spain saw mounting political crises that led in 1936–39 to civil war.
In Benito Mussolini's Italy, the economic controls of his corporate state were tightened. The economy was never prosperous.
The Soviet Union was mostly isolated from the world trading system during the 1930s. To force peasants into industrial jobs in the cities, food was stripped from rural areas, and millions died of starvation. The dictator Joseph Stalin purged nearly all the old Bolsheviks, and killed or imprisoned hundreds of thousands of presumed enemies.
Canada and the Caribbean[edit]
In Canada, Between 1929 and 1939, the gross national product dropped 40%, compared to 37% in the U.S. Unemployment reached 28% at the depth of the Depression in 1929 and 1930,[25] while wages bottomed out in 1933.[26] Many businesses closed, as corporate profits of C$396 million in 1929 turned into losses of $98 million in 1933. Exports shrank by 50% from 1929 to 1933. Worst hit were areas dependent on primary industries such as farming, mining and logging, as prices fell and there were few alternative jobs. Families saw most or all of their assets disappear and their debts became heavier as prices fell. Local and provincial government set up relief programs but there was no nationwide New-Deal-like program. The Conservative government of Prime Minister R. B. Bennettretaliated against the Smoot–Hawley Tariff Act by raising tariffs against the U.S. but lowered them on British Empire goods. Nevertheless, the economy suffered. In 1935, Bennett proposed a series of programs that resembled the New Deal; but was defeated in the elections of that year and no such programs were passed.[27]
Cuba and the Caribbean saw its greatest unemployment during the 1930s because of a decline in exports to the U.S., and a fall in export prices.
Asia[edit]
China was at war with Japan during most of the 1930s, in addition to internal struggles between Chiang Kai-shek's nationalists andMao Zedong's communists.
Japan's economy expanded at the rate of 5% of GDP per year after the years of modernization. Manufacturing and mining came to account for more than 30% of GDP, more than twice the value for the agricultural sector. Most industrial growth, however, was geared toward expanding the nation's military power. Beginning in 1937 much of Japan's energy was focused on a large-scale war and occupation of China.
Australia and New Zealand[edit]
In Australia, 1930s conservative and Labor-led governments concentrated on cutting spending and reducing the national debt.
In New Zealand, a series of economic and social policies similar to the New Deal were adopted after the election of the first Labour Government in 1935.[28]
