(Originais Teachy 2024) - Question Hard of History

The crisis of 1929, also known as the Great Depression, had profound economic impacts on a global scale, significantly affecting the financial system and economies of countries in different stages of development. In the case of the United States, speculation in the stock market and industrial overproduction were pointed out as some of the main causes of this collapse, which reverberated in other parts of the world, including Brazil. The post-World War I context, marked by economic and financial restructuring, made nations vulnerable to economic fluctuations and imbalances. Considering the excerpt from economist John Kenneth Galbraith: 'The principal lesson of the Great Depression, without doubt, is that the market is not always able to regulate itself. Countless times, history has shown that State intervention is necessary to provide economic stability.' (Galbraith, J.K., The Great Crash 1929, 1955), analyze and discuss: (1) How did the 1929 crisis impact Brazil and other countries that had economic relations with the United States? (2) Evaluate the effectiveness of the measures taken by governments to respond to the crisis and the role of state intervention in post-crisis economic recovery.