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Russian Revolution Dbq

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During the Russian Revolution, Lenin was the first Marxist leader of Russia from 1917-1924. For him, democracy was a form of the State, and in turn, a form of oppression. He believed that democracy was a way to make the people of Russia compliant. He saw Parliament as mask for the government, and that officials would make it seem like they were doing good for the public but end up going behind closed doors to make official changes in their favor. This is something he wanted to change. He ended up resorting to “war communism” during the Russian Civil War, and the Bolsheviks needed to quickly produce goods. When the war was over, Lenin became sick and Trotsky began ruling after him. Trotsky took the role of controlling the corrective measures …show more content…

To Indian-nationalists, he seems like a negative influence. For Pakistanis, he’s a tough negotiator and strong leader. He did not want to introduce religion into South Asian politics and he strived to bring together the Muslim League and Congress Party. The Muslim League was formed from culturally migrant-Indians who did not quite have the prestige that Ghandi and Nehru had. Jinnah felt clouded down by the rise of Nehru and Ghandi after WWI. He disliked Ghandi and insisted that the ew country of Pakistan would promise freedom of religious expression. Jinnah’s new country was successful. Both Jinnah and Nehru’s goals were to create a post-colonial identity. Jinnah wanted to unify Pakistan and create a “democratic type” of government. Ghandi’s presence played a huge role in giving Nehru and the Congress party more legitimacy. He tried to clean the Indian society of the caste system. He later became the leader of the Indian National Congress in 1920. He participated in many non-violent protests to fight against the British. His resistance to colonialism is partnered by his powerful …show more content…

It still happened despite great efforts by the Federal Reserve and Treasury Department to stop the U.S. banking system from collapsing. It led to the Great Recession, when housing prices fell 31.8%, which was even more than during the Depression. Two years after the recession ended, unemployment was still above 9%. The first sign that the economy was in trouble was in 2006 when housing prices started to fall. At the beginning, realtors were happy that prices were dropping. Realtors didn't realize there were way too many homeowners with bad credit. It began with the collapse of the investment bank Lehman Brothers. The Gramm-Rudman Act was also a crucial reason for the collapse. The financial crisis was primarily caused by deregulation in the financial industry that allowed banks to participate in hedge fund trading with derivatives. Derivatives are contracts between two or more parties based on an agreed financial asset. The Clinton administration forced banks to assist poor people to purchase homes and threatened banks with fines for discriminating against not giving enough loans. Housing prices started falling, which trapped homeowners who couldn't afford the payments, but couldn't sell their homes. The values of the derivatives crumbled, and banks stopped lending to each other. That created the financial crisis that led to the Great

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Following the end of the First World War, the United States was initially prosperous. In 1929, that prosperous age about-faced into a downward spiral that enveloped the entire country. What was eventually called the Great Depression was essentially caused by four major events. At the start, the stock market was strong and thriving and the population was willing to invest in it. Americans were so confident in the market, in fact, that it was common for them to take out loans to fund their investments.

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Buying on credit, overproduction, and income inequality were just some of the leading factors to the great depression. It began when installment buying was introduced people didn’t view debts as shameful and bought things at a faster rate than they could pay. People were also investing a lot in the stock market one day it crashed. October 29, 1929 (now known as black tuesday) was the day the stock market crashed. It caused great panic in America since many peoples entire life savings were lost in one day.

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In October 19, 1929, the stock market crashed, and soon afterwards so did the banks. Unemployment rose, poverty rose, and the overall Gross Domestic Product dramatically dropped. During Hoover’s administration, not much was done to help the public, Hoover believed that hard work would get them out of the depression, unfortunately, Hoover could have lessened the depression by getting America out of the gold standard, but he never did this. In the election of 1932, Franklin D. Roosevelt(FDR) crushed Hoover. FDR in the following years, he will begin his New Deal which he hopes will fix the economy.

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The Great Depression was a complex event caused by a variety of factors. The six factors of the Run on the Banks, the Stock Market crash, the uneven distribution of wealth, problems for business and industry, problems for farmers, and the overuse of credit all played a role in the start of the Great Depression. All of these factors were an important factor in helping start the Great Depression. However, the overuse of credit was the most important factor of them all because it led to people relying on loans, too many payments for the consumer to adequately keep up with, and the economy eventually drying up once the influx of money stopped.

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1798 Words | 8 Pages

Companies cut production and began firing workers, wages collapsed. Many Americans fell into a debt that lasted for decades, and many of their possessions were repossessed or foreclosed (History 2). Since the United States and the rest of the world’s economy was fixed on the gold standard, the Great Depression spread around the world. The world was set in panic, even though President Hoover and other leaders assured that the economic failure would correct itself in time. In the next few years, unemployment rates were sky high, and soon breadlines and ghettos began to appear through major cities (History

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1536 Words | 7 Pages

A housing bubble was created by banks liberally mortgaging out homes to anyone no matter their credit and bundling mortgages together and selling them to other banks. Because of how they were bundled their credit ratings never reflected the actual risk involved; this practice was unethical but profitable until the system collapsed in 2008 and caused massive losses for both banks and homeowners. The losses were so drastic that Congress voted to bail out several of the banks at the expense of the taxpayers, many of whom were unemployed and facing foreclosure. The economy today is still recovering as interest rates and unemployment continue to return to

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949 Words | 4 Pages

In 1929, the “bubble” finally burst, and the worst recession in American history began. Soon after the start of the Great Depression, factories shut down, farms foreclosed, unemployment rates skyrocketed, and even some banks went out of business (people could no longer pay back banks for things brought with credit). In this time of great struggle, many Americans turned to Republican President Herbert Hoover and his administration to help rejuvenate the

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1658 Words | 7 Pages

The Great Depression was a severe economic crisis that began in 1929 and lasted for over a decade. This led to people losing faith in the American economic system and left about 25% of Americans unemployed. The Great Depression got so bad because of a series of policy errors made by the Federal Reserve and the failure of the banking system. The Federal played a major role in the Depression as it cut the money supply and raised interest rates due to the gold standard.

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670 Words | 3 Pages

The banks where going bankrupt due to many loans they gave out. The stock market started to crash because people started to borrow money they invested to survive. Depression was a very hard time but it took all these other factor to cause the Great Depression to

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1218 Words | 5 Pages

People lost their savings due to the bank deposits being uninsured. Banks that hadn’t failed almost completely stopped giving out loans. One event that led to the Great Depression that was not a direct cause was the Dust Bowl that occurred in the Mississippi Valley was so large that people could not pay their taxes or other debt they had, which caused them to have to sell their farms for no profit for themselves. People also stopped purchasing items which led to a reduction in the number of items being made and a cutback on staff. The unemployment rate rose 25% which resulted in even less

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827 Words | 4 Pages

Easy going banks with lenient rules were a major factor in the start of the Great Depression. During the 1920’s, it was very simple to get a loan from the bank. The lending rules were very lenient at this time, and they started to lose money. Towards the Great Depression, banks did not have enough money to

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878 Words | 4 Pages

Hoover becomes president of the United States and enters office during one of the largest economic expansions in history. He promised in August, 1928 that he would lead near to triumph over poverty, fifteen months later, the nation plunged into the most severe and prolonged economic depression in the world. The main general cause of The Great Depression was the monetary and material distribution process broke down. Money stopped circulating causing wages to go down and unemployment, so not many people can afford to buy goods.

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644 Words | 3 Pages

His growing unpopularity for many of his isolated decisions as Tsar caused him to be disliked among Russians. After his long sought after resignation, Russia implemented a new style of government that was written by Karl Marx in The Communist Manifesto. This new style of government required many things in order to create a utopian society, but above all it was for the communal living that would allow social, economic, and political equality among citizens so that they could come together as one. With Vladimir Lennon as their leader, he decided that communism would a great fit for Russia however it was under Joseph Stalin who succeeded Lennon, that Russia began to implement Marxist ideologies like the redistribution of wealth, the abolishment of private property in Russia, and making Russia a state centered society,. These Marxist ideologies changed Russia from being an agrarian country to, under Stalin, becoming a power in Europe by industrializing its work force.

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1728 Words | 7 Pages

The Great Depression was one of the worst Economic Failures in United States History. In 1929 the Unemployment went to it’s lowest point before the Wall Street crash. On October 28 1929 the Stock market Crashed resulted in a total of $30 Billion Dollars with 14 Billion being lost on October alone causing many of the businesses to go Bankrupt or lead to a downsize of their company 's . By 1930 Unemployment reached 8.9% average for the year causing many people to stealing or starving to death. In the June 17, 1930

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1306 Words | 6 Pages

The hard lessons of the Great Depression had not been well learned. Financial institutions and big business began to fail. Commercial institutions received emergency loans from the Federal Reserve and the investment conglomerates were able to take advantage of these loans also. The American people were disturbed that their tax dollars were used to bail out the greedy and very wealthy, the very people who had created the problem in the beginning. These events took a toll on the American people, again resulting in a loss of confidence in their government.

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