Friday, November 8, 2013
This week was pretty good. We learned a lot about inflation and deflation. We talked about the Great Depression and the causes of it. There isn't one set reason for why the Great Depression happened but it mainly had to do with bad banking skills and WW1. Also we learned about the business cycle. On Thursday we talked about International trade. We went over the pros and cons of it. I am for international trade because it brings other cultures to other cultures.
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I am also for international trade because it gives consumers and producers more opportunities.
ReplyDeleteI agree. International trade benefits both countries involved. It helps for both of them.
ReplyDeleteIt was interesting that the Great Depression was caused by multiple things piled on top of each other. I am also for international trade because of the benefits for each country, but i can see why some restrictions are needed to keep it in check.
ReplyDeleteI just realized every blog post you have starts with the two words "This week..."
ReplyDeleteAnyways, yeah international trade is always a good thing. Look at North Korea, which has almost no trade at all and how much they are lacking when it comes to quality of life.
The great depression made me realize how important a strong banking system really is
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