Консенсус

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https://repository.sspu.edu.ua/handle/123456789/13235

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Перегляд Консенсус за Ключові слова "1900-1903рр."

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  • Документ
    Eastern Europe Before and After The Global Economic Crisis of 1900-1903
    (2024) Ilkin Zulfuhar Mustafaiev; Ількін Зульфугар Мустафаєв
    The purpose of this article is to analyze the impact of the economic crisis of 1900-1903 on Eastern Europe, identify common and specific features of the crisis in different regions, and assessthe long-term consequences for economic development, social sphere, and political processes. This period marked one of the first major global economic disruptions of the 20thcentury, with implications that influenced economic policies and practices for decades. The methodological basisof the study was the application of historical and economic analysis, comparative analysis and review of the latest studies related to economic crises. The focus is on analyzing the economic conditions in Eastern Europe before and after the crisis, as well as the impact on industrial and agricultural sectors, financial systems, and social spheres. Key variables such as production dynamics, international trade, price changes, and employment rates are examined to provide a comprehensive understanding of the crisis’s multifaceted effects. The study also considers the varying degrees of economic development across countries to highlight commonalities and differences in their experiences and responses.The novelty of this research lies in the comparative analysis of the crisis’s impact on different Eastern European countries, identifying both common and divergent features in the crisis’s manifestation and consequences. This approach deepens the understanding of how regional and national characteristics influenced the crisis’s severity and outcomes. Furthermore, the research examines the effectiveness of different economic policies and stabilization measures adopted in response, providing insights into the resilience and adaptability of their economic systems. Conclusions. The economic crisis of 1900-1903 significantly impacted Eastern Europe, affecting various aspects of their economies. The crisis revealed structural problems, common traits, and specific features that defined events in each country. It highlighted the need for structural reforms and modernization to prevent similar crises and ensure sustainable economic growth. Long-term consequences included shifts towards more regulated economic relationships and increased government intervention. The analysis underscores the importance of learning from past disruptions to build resilient economic systems capable of withstanding future global shocks. Understanding the historical and economic contexts that shaped these experiences can help policymakers develop strategies to manage and mitigate future crises.