depression

8+ AP World History: Great Depression Definition & Impact

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8+ AP World History: Great Depression Definition & Impact

A severe, worldwide economic downturn characterized by a prolonged period of high unemployment, deflation, and reduced economic output is a critical historical phenomenon. This period saw a significant decline in international trade and production, impacting societies across the globe. The collapse of the global financial system in the late 1920s and early 1930s, triggered in part by the Wall Street crash of 1929, exacerbated these conditions. This period manifested through bank failures, business closures, and widespread poverty.

Understanding the multifaceted nature of this global economic crisis is essential for comprehending 20th-century history. Its effects were far-reaching, influencing political ideologies, governmental policies, and international relations. The economic hardship fostered social unrest, contributed to the rise of extremist movements in some nations, and prompted significant shifts in the role of governments in managing economies. Analyzing the causes and consequences provides a valuable framework for understanding subsequent economic challenges and policy responses.

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6+ AP World: Great Depression Definition & Impact

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great depression ap world history definition

6+ AP World: Great Depression Definition & Impact

The term signifies a severe, worldwide economic downturn that originated in the United States in 1929 and extended throughout the 1930s. Characterized by plummeting industrial production, massive unemployment, bank failures, and deflation, its effects were felt globally, impacting both industrialized nations and those relying on agricultural exports. For example, the collapse of the American stock market triggered a cascade of economic problems that rapidly spread to Europe and beyond, causing widespread hardship and social unrest.

Understanding this period is crucial for comprehending the interconnectedness of the global economy in the 20th century and its subsequent impact on political and social landscapes. The economic devastation contributed to the rise of extremist ideologies in some nations, as populations looked to radical solutions to alleviate their suffering. Furthermore, the period prompted significant changes in economic policy, with governments adopting more interventionist roles to stabilize their economies and provide social safety nets. These policy shifts continue to influence economic thought and practice today.

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6+ Speculation Definition: Great Depression Impact

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6+ Speculation Definition: Great Depression Impact

During the period preceding the severe economic downturn of the 1930s, a particular type of financial activity played a significant role. This activity involved the purchase of assets, often stocks, commodities, or real estate, with the expectation of a rapid increase in their value. Individuals and institutions engaged in this behavior with the primary goal of profiting from short-term market fluctuations rather than from the underlying long-term value of the asset itself. An example of this is buying shares of a company based on rumors of a future breakthrough, not on its current earnings or established business model.

This type of investment activity, driven by anticipated future gains, can amplify market volatility. When many participants are focused on quick profits, market prices can become detached from fundamental economic realities. A widespread belief in continued price appreciation can create a self-fulfilling prophecy, drawing in more investors and driving prices even higher. However, this is inherently unsustainable. Once doubts about the continued rise begin to surface, a rapid sell-off can occur, leading to a sharp decline in asset values and widespread financial losses. This can severely damage the economy, leading to job loss and a drop in consumer demand.

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6+ AP Psych: Depression Definition + Symptoms

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6+ AP Psych: Depression Definition + Symptoms

In the context of Advanced Placement Psychology, a specific mood disorder characterized by persistent feelings of sadness, hopelessness, and a loss of interest or pleasure in activities is frequently examined. This condition significantly impacts an individual’s thoughts, feelings, behavior, and physical health. Diagnostic criteria, as outlined in the DSM, typically involve the presence of several symptoms, such as changes in appetite or weight, sleep disturbances, fatigue, feelings of worthlessness or guilt, difficulty concentrating, and recurrent thoughts of death or suicide, occurring for at least two weeks. For example, a student experiencing prolonged sadness, withdrawal from social interactions, and declining academic performance may be exhibiting signs warranting further evaluation.

Understanding this psychological disorder is crucial for students preparing for the AP Psychology exam because it appears frequently in multiple-choice questions and free-response prompts. A thorough grasp of its symptoms, diagnostic criteria, etiology (including biological, psychological, and social factors), and various treatment approaches is essential. Historically, perspectives on this disorder have evolved significantly, ranging from purely biological explanations to integrative biopsychosocial models that acknowledge the interplay of genetics, environment, and cognitive processes. Recognizing the societal impact of this condition, and how different therapeutic approaches address its multifaceted nature, is a valuable skill.

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