cause and effect
학생이 쓴 원문
강사 첨삭
Anchan,
I feel like I\'m back to my Economics and World History class.
I\'m telling you there are so much facts here that I\'m starting
to refresh my own knowledge about all of these. :)
Teacher Sarah
Historically, in the 100 years, xx20, xx10 is a time of soaring product price
>> Historically in the last 100 years around 1910-1920s was a time where product prices were soaring high.
Between the xx15 ~ xx25 appear to have easier surge in inflation.
>> Between 1915 and 1925, there appeared to be a surge in inflation.
It we look at the 20th century.
during World War1 1914-1918 product price vertically surge and stays high.
>> If we look at the 20th century during World War I (1914-1918), product prices vertically increased/surged and reamained high until then.
and stock prices have also rised till 1929.In human history, the biggest bubble boom was made in this period.
>> Stock prices also skyrocketed until 1929. It was during this period that the biggest economic bubble boom in history was made.
With product prices going up the stock prices making bubble,Probably this phenomenon is caused by spreading out a lot of money for post-war recovery
>> With product prices going up, the stock prices crashed. This phenomenon was probably caused by the widespread distribution of money for post-war relief and recovery.
So each country started Gold Standard to stablize the product price.
>> Following this, each country started the Gold Standard system to stabilize product prices.
Gold Standard became the cause so money supply was not increasing and its increase rate is changed to zero growth -
>> The Gold Standard system became the reason why money supply was not incrasing and remained at a zero increase rate.
the panic plumet of stockprices and the beginning of the Great Depression.
>> This resulted to the drastic plummet of stock prices and signaled the beginning of the great Depression.
It was the collalpse of bubble.Because they no longer increased the increasing money supply.
>> It was mainly due to the collapse of the economic bubble brought about by not being able to match the increasing money supply.
Eventually they abandon the gold standard in 1932.
>> CORRECT
OR: In 1932, adherence to the Gold Standard was suspended.
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