The 20th Century Economy

Concept sheet | History

Secondary

Definition

Economy is the term used to designate any human activity that consists of producing, distributing, exchanging and consuming goods and services.

The economy experienced a great deal of turmoil during the 20^th century. Periods of growth followed by major economic crises resulted in job loss and rising unemployment. Some of these crises were related to natural resources, while others, like the one in the 1930s, were closely linked to the Stock Exchange.

The concept sheets related to the 20^th century economy will give you more information:

Economic Growth, Development, Recession and Depression
Unemployment
Poverty
The Stock Exchange (role and function)
Economic Indicators (GDP, unemployment rate and trade balance)