This is a picture of Germany’s great inflation. One US$ was worth 100,000 marks.
I think that many people would agree if I said that globalizing made our lives more complicated and busy. Before globalizing started, countries did not have to worry if other nations more than 3000 miles away from them had a very bad economy. But obviously, it matters now, because most countries rely on export and import as a huge part of their economy.
Look at the Great depression. It’s all linked to one another. America collapsed because their production was surplussing the customer demand and purchase, then Europe did too because America took back the money that they borrowed from America. The Great Depression became a world depression that made people suffer for more or less ten years, until WWII started.
It seems like we have more things to worry than ever since globalizing started after WWI. On the contrary, though, we are able to travel to other countries, learn their ways and use imported goods for our own satisfaction. So, economy has to circulate around the world, because there is a complicated network of trading and stock market is installed all over the globe. But since when did we have to worry about other countries when our own isn’t good enough? Most countries seem to be handling with external matters other than internal ones. I don’t know if it’s inevitable in some ways, as the collapsing of other economies could affect their own; but really, globalizing became a world-wide problem that is making everyone worry about ten times more than they used to.
Well, this is not a question that requires black and white answers : it’s simply a matter that can’t be re-written, but I love to think about.
Here is a footage of USA during the Great depression.
http://www.youtube.com/watch?v=08k16MBoTik
By Jiyeon H
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