Write down the effects of economic crisis.

1.	Write down the effects of economic crisis.
Answer» From 1929 to 1934 AD, there was a period of economic recession in the whole world. Its effects were as follows : Militarism spread due to economic crisis. The democratic government was unable to deal with unemployment, inflation, instability and insecurity, so people became disillusioned from democratic system. The failure of the democratic government led to the promotion of authoritarianism. As a result of the crisis the control of the state became stricter on economic activities. Dissatisfied masses were attracted to communism due to state control over economy. Countries with a sense of insecurity started developing military power. The economic downturn caused deep damages to the purposes of the League of Nations. The focus of nations has shifted from global security to national security.

Answer»

From 1929 to 1934 AD, there was a period of economic recession in the whole world.

Its effects were as follows :

Militarism spread due to economic crisis.
The democratic government was unable to deal with unemployment, inflation, instability and insecurity, so people became disillusioned from democratic system.
The failure of the democratic government led to the promotion of authoritarianism.
As a result of the crisis the control of the state became stricter on economic activities.
Dissatisfied masses were attracted to communism due to state control over economy.
Countries with a sense of insecurity started developing military power.
The economic downturn caused deep damages to the purposes of the League of Nations. The focus of nations has shifted from global security to national security.

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