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

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?

APAP World History
AP World HistoryAccelerating Global Change and Realignments, c. 1900 to Present
Chronological ReasoningPeriodization
LanguageEnglish Language
Making Historical ConnectionsComparison
Test PrepAP World History
World HistoryAP World History

Transcript

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