1. A Comparative Analysis of Recovery Strategies And Their Impact On The USA And Brazil During The Great Depression.
- Author
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Usmani, Muhammed Azhar
- Subjects
GREAT Depression, 1929-1939 ,COMPARATIVE studies ,GROSS domestic product ,ECONOMIC recovery - Abstract
This empirical research paper conducts a comparative analysis of the recovery strategies implemented and their significance on countries with different economic affluence such as the US and Brazil, during the Great Depression. The most significant measures included the New Deal for the US and coffee valorization for Brazil. This study focuses on examining the recovery strategies adopted by these countries and comparing them which is scarce. The hypothesis for this research is: "The more affluent country (US) has more effective recovery strategies than the less affluent country (Brazil)." By shedding light on the differing experiences of 'rich' and 'poor' nations during the Great Depression, this research provides valuable insights into the challenges faced by countries with varying economic statuses. Prior research papers and Figures were used to calculate the rise in GDP of both countries during the 1929-1939 period, which resulted in Brazil having a 44% increase in GDP and the US 40%, proving the hypothesis incorrect. However, this can be attributed to the importance of tailored recovery approaches based on a nation's development level and specific circumstances exhibiting Brazil's massive economic success. However, The US's more general strategies might have broader applicability than Brazil's specific measures. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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