West Besmenian economic crisis: Difference between revisions
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[[File:Poor old man in Besmenia 1946.jpg|190px|thumb|right|An unemployed man tries to make money | [[File:Poor old man in Besmenia 1946.jpg|190px|thumb|right|An unemployed man tries to make money. (1946 in [[Melmingia]]) ]] | ||
The '''West Besmenian economic crisis''' (Besmenian: Westbesmenische Wirtschaftskrise) was an economic crisis in [[Ochsenbein State|West Besmenia]] triggered by various factors. The crisis started on March 7, 1945. The consequences were the total collapse of the West Besmenian economy (the industrial sector was particularly hit badly hard), which also resulted that many people becoming unemployed, lacking food and increasing crime. The crisis prompted the beginning of public protests against the [[Karl Ochsenbein|Ochsenbein]] regime. | The '''West Besmenian economic crisis''' (Besmenian: Westbesmenische Wirtschaftskrise) was an economic crisis in [[Ochsenbein State|West Besmenia]] triggered by various factors. The crisis started on March 7, 1945. The consequences were the total collapse of the West Besmenian economy (the industrial sector was particularly hit badly hard), which also resulted that many people becoming unemployed, lacking food and increasing crime. The crisis prompted the beginning of public protests against the [[Karl Ochsenbein|Ochsenbein]] regime. | ||
Revision as of 11:58, 10 July 2020
An unemployed man tries to make money. (1946 in Melmingia)
The West Besmenian economic crisis (Besmenian: Westbesmenische Wirtschaftskrise) was an economic crisis in West Besmenia triggered by various factors. The crisis started on March 7, 1945. The consequences were the total collapse of the West Besmenian economy (the industrial sector was particularly hit badly hard), which also resulted that many people becoming unemployed, lacking food and increasing crime. The crisis prompted the beginning of public protests against the Ochsenbein regime.
The crisis was finally overcome in January 1949.
Reasons for the crisis
There were many reasons for the economic crisis. The main reason was the general failure of the planned economy. Other reasons for the crisis were:
- Incorrectly stated annual plans for planned economy
- High debt due to missing exports
- Obsolete industrial machines
- Poor quality of products
- Environment destroyed by industry