History ?

Mass Media and the Jazz age





1. what social charges were brought about by the mass media?





2. who were some of the major figures of the jazz age?





3. how might the jazz spirit have influenced the poetry that came out of the Harlem Renaissance?








The stock Market Crash.





1. what could cause a country's gross national product to decrease?





2. how did the unstable economy in the 1920's contribute to the great Depression?





Nd yes i read my text book, %26amp;no its not homework


Its questions in my text book that im trying to get a head of.


Dont be ignorent to me, i dont answer other pplz questions like that so dont do it to me.

History ?
O.K. But each of these is a very difficult question by itself.





I'll tackle "Market Crash", first question:





"gross national product" is the total output of goods and services produced for consumption by a particular economy during a particular period of time. And what causes it to decrease is one of the great economic questions--if we could figure it out, then there would be no more recessions. What caused it to decrease as much as it did in the Great Depression is still one of the major economic questions.





Before and during the Depression, the following things had a major impact:





1. Congress passed tariffs on foreign trade in an act called "Smoot-Hawley." The intent was to "protect" U.S. industry against foreign competition by making foreign goods relatively more expensive in the U.S.. Unfortunately, most of the rest of the world was doing the same thing ("If you won't buy from me, I won't buy from you") so U.S. industries ended up losing a lot of sales of goods, and producing less, thus decreasing gnp.





2. When the stock market crashed and couldn't recover --people lost their wealth just like when the prices of their homes go down today. Except that lots and lots of people at that time had invested almost everything they owned and could borrow in the stock market. All of a sudden, they were broke and could not repay the loans they had taken out to invest in the stock market. There was less money around to borrow and to spend, which led to less goods and services being purchased, which led to less goods and services being produced, which means, by definition, a decrease in gnp.





3. In the initial shock and panic after the crash, lots of people and businesses went bankrupt, which resulted in lenders tightening credit availability (just like today when it is more difficult to get a home loan because of all the foreclosures). And many banks failed too because they didn't collect their loans to get the money to repay their depositors and because their assets--loans and the collateral for those assets--became worth less (again just like today when the values of homes securing loans are suddently lower). Because of that, there was less money in the economy to buy things and loan to businesses to help produce things, and thus less was produced, which shrank gnp.





4. As factories started producing less, there were fewer jobs and people no longer had enough money to buy the goods and services they had been buying. And as people no longer had money to buy goods and services, fewer were produced, leading to another big decrease in gnp, and, not incidentally, less jobs. . . .





5. The government, concerned with going into debt, increased taxes. This further took money out of the private economy and led to fewer purchases of goods and services, which led to factories closing, which led to. . . a decrease in gnp.





Hope this helps.





And I don't mean to be snarky with comments about "read your textbook and use Google" but many if not most questions on this board could be answered from a textbook or at least by Google and therefore the askers want the answers to do what they could as easily do for themselves.


Our doing people's homework is not the purpose of this forum and is not doing the askers any favor in the long run.





Your questions are not like that, as they are tough questions and not answered as easily as, say, "When was George Washington born?