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AP World History 1.5 Accelerating Global Change and Realignments, c. 1900 to Present 215 Views


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AP World History 1.5 Accelerating Global Change and Realignments, c. 1900 to Present. During the Great Depression, South Africa experienced an unexpected economic boom because...what?

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Transcript

00:00

Thank you We sneak and here's your shmoop du jour

00:05

brought to you by unexpected economic booms Use the word

00:09

boom very lightly around here there is the question during

00:12

the great depression south africa experienced an unexpected economic boom

00:16

because what are y and hear the pendulum All right

00:21

let's take a look at bea during the depression oil

00:23

prices didn't increase what the office that actually they started

00:26

falling And when you combine falling prices with the ever

00:29

expanding supply of oil from countries across the world then

00:33

throw in the fact that everyone was trying to sell

00:35

sell sell mortar marcel despite no one wanting to buy

00:38

buy buy well kind of like the last remaining date

00:41

squares and a bake sale Well you're not going to

00:44

see an unexpected economic boom anytime soon Hey that were

00:48

a poet and we didn't even realize were capable of

00:50

such things C is also incorrect While south africa did

00:53

have a strong agricultural industry the sudden lack of a

00:56

global demand for his exports took a serious toll on

00:59

their export value well for instance shrunk seventy five percent

01:03

which is twenty five percent less than that willis letter

01:05

The salesperson swore to you wouldn't shrink drank he's not

01:09

the right answer While the illegal sale of alcohol during

01:11

prohibition was a surefire moneymaker south africa made it's mint

01:15

during the great depression in a different shining away go

01:18

which means is the correct answer that africa has always

01:21

been known for two commodities gold and diamonds We also

01:25

know that when cash loses value like it did during

01:27

the great depression precious metals like gold Often experience is

01:31

significant value increase Because the mining industry in south africa

01:35

was the most advanced in the time investors felt safe

01:38

putting their money They're allowing south africa's gold industry to

01:41

flourish the next time a great depression hit You know

01:44

where to invest and perfectly don't store it in your 00:01:46.365 --> [endTime] couch That's What banks are for people go

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