The current global economic difficulties have escalated into an "once-in-a-century" crisis, the likes of which the world has not seen since the Great Depression of 1929
. With the expected changes to the economic pecking order, the role of emerging market nations will become bigger.
The United States are trying to convince China and the Gulf States to pump some of the money they have saved up into the global financial system, which is struggling to come out of its worst crisis since the Great Depression of 1929
. This crisis, which has paralyzed the insurance sector, began in the US with excessive housing loans to people with unstable financial situations.
Through the effective use of a voice-over narration, the film outlines significant social and economic conditions that underlay the uprising, including the Great Depression of 1929
, the poor state of the Salvadorean economy, and the drop in world coffee and sugar prices.
Indeed, some leftist commentators seized on the market's collapse as evidence that capitalism was experiencing a "systemic crisis" akin to the Great Depression of 1929
During the Great Depression of 1929
all the political parties used (the situation) as a political issue.
This book is organized in two parts: the first deals with independent protest press up to the 1930s when African lack of resources, plus the effects of the Great Depression of 1929
to 1931, enabled white business interest to take over surviving African publications in order to exploit a likely expansion of the African consumer market; the second part highlights the growth of militant resistance up to the 1960s on the part of black literary journalists and the African nationalist, left-wing and communist newspapers.
Elected president in 1928, he was faced by the Great Depression of 1929
soon after he entered the White House.