英语论文网

ocial insurance were volatile in that redundancy was common after the war. But the most disadvantage were the widows, the disabled and pensioners. Taxes not included in private income increased because the government encouraged exportation. Social class changed significantly.

Table2

Date on the functional distribution of German national income 1913 and 1925-31(%)

From the table3, we can see that unemployment has increased dramatically.USAendures the severest unemployment with 37.6 percent andGermanysecond with 36.2 percent, almost twice thanFrance. Unemployment rate is the best to test the government's ability to cope with the economic crisis, because unemployment is a major problem in society and social stability and a feeling of unity can be guaranteed when unemployment rate declined. The reason that A large number of corporate went bankrupt and due to high prices, wage of fully employed staff could not guarantee their basic livelihood. So we can conclude that the crisis influencedUSAandGermanyin that most of the loans are fromUSAand America bank withdrawal threwGermanyin the whirlpool of financial deadlock. Also theGermanycrisis, to some extent , accelerated world-wide depression.

Table 3

Table 4 Change in economic indicators 1929–32

From table 4, it is obvious that industrial production, wholesale prices and foreign trade have decreased in a large-scale. For instance,Germanyindustrial production decreased 41percent, wholesale prices decreased 29 percent, foreign trade decreased 61 percent while unemployment increased 232 percent, forming a big gap between the market demand and talents application. Just like what in the table 2, employment rate, important index of the economy, is concerned with the actual social production, human capital and social security issues.

In the aftermath of the crisis, financial withdrawal was looming, which ledGermanybanks collapsed for their financial back falling, especially those retained byUSA. Investors felt no confidence inGermanymarket so they shifted the capital to other denominated assets. (Berkeley, 2003) Different versions about bank crisis existed, such as the unreasonable management, inadequate bank policies, effects from other countries and the close link between banks and industries. But the point is that the negative effects could not be neglected. Interest rate dropped, redundancy increased, investment depressed, and heavy-industry hit, especially steel industry.

Second, it is in macro view.

Macroeconomic policy refers to the policy adopted by countries or government consciously in a planned manner to regulate and control its macroeconomic operation further to achieve certain policy objectives. Macro-control is the so-called the basic responsibilities of the public Finances, namely the government allocation behavior to compensate for market failure, the provision of public services to the community, or other forms of economic behavior.

The crisis forced the government to change their policies to be tailored to the uncertain market. Free market economy was dominant before. In order to ameliorate the severe slump, government intervention was combined with free adjustment of market，namely positive state intervention policy . Also welfare was brought into attention when Hitler was in power. And workers could enjoy paid voca本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。