SMK-Vilnius Branch
MACROECONOMICS Spring Semester 2010
First reading: "The great depression and world crisis" by Jawaharlal Nerhu
After reading the letters 184 “The great depression and world crisis” and 185 “What caused the crisis” ( included at the book Glimpses of world history wrote by Jawaharlal Nerhu, first President of the independent India) answer the following questions:
a) When the crisis of 1929 did start? What were their main causes?
b) In the letter 184 Nerhu says : “Society has learnt how to produce but not how to distribute what it has produced”. Do you think that society has improved in this issue since the time when Nerhu wrote this sentence?
c) What happened with the international trade ?
d) Do you think that there are similarities between the big depression in 1929 and the “recession” that started on 2008? And differences? Explain.
The homework has to be hand in on THURSDAY 18TH MARCH 2010. I left some copies of the readings in the College’s Secretary.
More information about life and works of Nehru you will find here
http://en.wikipedia.org/wiki/Jawaharlal_Nehru
MACROECONOMICS Spring Semester 2010
First reading: "The great depression and world crisis" by Jawaharlal Nerhu
After reading the letters 184 “The great depression and world crisis” and 185 “What caused the crisis” ( included at the book Glimpses of world history wrote by Jawaharlal Nerhu, first President of the independent India) answer the following questions:
a) When the crisis of 1929 did start? What were their main causes?
b) In the letter 184 Nerhu says : “Society has learnt how to produce but not how to distribute what it has produced”. Do you think that society has improved in this issue since the time when Nerhu wrote this sentence?
c) What happened with the international trade ?
d) Do you think that there are similarities between the big depression in 1929 and the “recession” that started on 2008? And differences? Explain.
The homework has to be hand in on THURSDAY 18TH MARCH 2010. I left some copies of the readings in the College’s Secretary.
More information about life and works of Nehru you will find here
http://en.wikipedia.org/wiki/Jawaharlal_Nehru
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