- Farm productivity had increased due to technological advancements without a corresponding rise in demand. Leading to surpluses and decreased agricultural prices
2. Weak Banking System:
- Many banks were small & undercapitalized making them vulnerable to failures
- Weak regulations allowed these banks to make risky loans
3. Stock Market Boom & subsequent fall:
- Speculative investment led to inflated stock prices
- The sudden plunge of stock prices on "Black Tuesday" in 1929 was catastrophic
The New Brazil Plan, better known as Collor Plan , was an economic plan launched in 1990 whose objective was to control inflation in Brazil. Historical Context Brazil was experiencing moments of political euphoria, as in 1989 the first direct and multi-party elections for president would be held, a
Dona Carlota Joaquina de Bourbón was born on April 25, 1775, Infanta of Spain, was the daughter of King Dom Carlos IV and his wife, Queen Maria Luisa of Parma. She learned languages, history, court etiquette, and religion. She possessed extraordinary energy and throughout her life was active in Por
The indigenous culture encompasses the material and immaterial production of countless different peoples throughout Brazil. It is important to point out that there is not one indigenous culture, but several, and each people has developed its own religious, musical, festival and handicraft tradition
The Andean country is the last former Spanish colony in South America to celebrate its bicentennial. The other eight South American countries that emancipated themselves from the Spanish crown celebrated their bicentennials long before. Bolivia and Ecuador commemorated it in 2009. Venezuela, Argenti