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100-467: In the 19th century, soldiers in El Salvador may have been nominally employed by the governing body. However, if not given their pay, the soldiers would supplement their income as mercenaries and militia for local politicians and landowners. In the late 19th century, El Salvador went through a period of internal discord. In 1871, Santiago Gonzales seized power by military coup. General Carlos Ezeta did

200-634: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,

300-509: A general strike caused Martinez to fall from power. During the years that followed, young military officers became increasingly dissatisfied with their situation. They saw the generals clinging to senior posts for which they had little training and without making way for the younger officers. They saw the generals failing to prepare for the social and economic changes coming to Central America. They objected to unfair disciplinary measures and unfair surveillance. In 1948, fighting broke out between

400-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around

500-655: A few armoured personnel carriers. Very few arms were manufactured in El Salvador. Most arms were supplied by the US. Honduras' infantry was smaller and less well equipped. The Salvadoran Air Force, flying P-51 Mustangs , attacked Honduran targets and vice versa, but each air force had only a few working aeroplanes and was hampered by a lack of spare parts. El Salvador's infantry forces invaded Honduras and took Ocotepeque . As Salvadoran troops approached Tegucigalpa , their supply lines failed, they became exhausted and were slowed by heavy rainfall, and their morale fell. On July 18, 1969,

600-604: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to

700-467: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to

800-495: A massive decline in income and to employment that was well below the average. In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment. 1970 FIFA World Cup qualification A total of 75 teams entered the 1970 FIFA World Cup qualification rounds, competing for a total of 16 spots in the final tournament. Hosts Mexico and defending champions England qualified automatically, leaving 14 spots open for competition. For

900-600: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside

1000-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and

1100-467: A reformist government was suppressed by hard line military elements and by landowners. Between 1980 and 1983, the Salvadoran armed forces were driven out of territory controlled by large FMLN groups in rural areas. The FMLN membership later increased to over 12,000 when the organisation was able to provide local governance and services. The government responded with counter-insurgency actions including

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1200-567: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In

1300-480: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of

1400-713: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to

1500-658: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation

1600-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated

1700-539: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that

1800-578: The Central American University . In 1989, the armed forces of El Salvador had raised 56,000 fighting men with 63 aeroplanes and 72 helicopters. Between 1983 and 1987, El Salvador's military forces received over 100 million dollars per year from the US. In 1990, at the end of the Cold War , the US restricted funding to the Salvadoran military. The US found its rigorous measures against left wing groups were no longer needed. This and

1900-582: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of

2000-539: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,

2100-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It

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2200-523: The 1950s, Salvadoran men underwent one year of national service before being discharged to a reserve army. They then underwent further training on a regular basis and could be called to join active provincial patrols ( patrullas cantonalles ). Regular meetings of the men were held reinforcing loyalty to the nation and opposition to communism. Men from disadvantaged circumstances were offered monetary and practical assistance and education for their children. The number of reservists grew to approximately 40,000. In

2300-550: The 1960s, a junta of conservative military officers and landowners took power in a coup and then organised elections. In 1961, the junta's candidate Lieutenant Colonel Julio Adalberto Rivera was elected president. In 1967, Colonel Fidel Sanchez Hernandez became president. In 1969, tensions between El Salvador and Honduras increased. There was dispute concerning the border between the two countries. Approximately 300,000 Salvadorans had moved to Honduras due to population and land pressures in their homeland but Honduras had not renewed

2400-751: The Armed Forces is the president. Reporting to the president is the Ministry of Defence. Members of the ministry advise the Secretary of State and the Joint Chiefs of Staff. The military provides a panel composed of the Chiefs of the General Staff and military experts who provide the ministry with technical advice for policy making and strategic planning. Oversight of the military is provided by

2500-436: The Armed Forces was reduced by half. Counter-insurgency forces were demobilised. Military intelligence units reported directly to the president. The constitutional mission, doctrine and recruitment and educational systems of the Armed Forces were redefined. During the civil war, military and right wing paramilitary death squads used exemplary violence with murder and mutilation, massacre and forced displacement to gain control of

2600-580: The Assistant Inspector General of the Armed Forces. Within the military leadership are operating units, tactical units and advisory bodies. The operating units build on operational plans. The tactical units include detachments, training centers and forces of the army at the battalion level. The combat recognition and transport groups make up the Air Force tactical unit. The Navy uses transport and hydrographic tactical units. Among

2700-813: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with

2800-530: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there

2900-521: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in

3000-636: The El Salvador – Honduras Bilateral Treaty on Immigration. Honduras and El Salvador were competitors in the Central American Common Market. Honduras' economy was struggling and the Honduran Government started to deport the Salvadorans who they saw as illegal immigrants. Many Salvadorans fled after their Vice Consul was killed. In June 1969, El Salvador played three games against Honduras in the qualifying rounds of

3100-489: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit

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3200-658: The General Staff . The support units are a military education and doctrine command, a logistics support command, a military health command, a military special security brigade and a directorate general of recruitment and reserves. The duties of the Salvadoran Armed Force is described in articles 211 and 212 of the Constitution of 1983 . It is the duty of the armed forces to defend national territory and sovereignty; maintain public peace, tranquillity, and security; and to support democracy. Article 212 describes

3300-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There

3400-642: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade

3500-481: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on

3600-590: The Organization of American States (OAS) organised a ceasefire . Then as economic sanctions and an arms embargo took effect, both sides. The war lasted for four days and therefore is also called the "one hundred hour war". The Salvadoran Civil War was fought between 1979 and 1992. The Salvadoran armed forces fought the Frente Farabundo Marti para la Liberacion Nacional ( FMLN ), a coalition of insurgent guerrilla groups. The war began when

3700-632: The Salvadoran armed forces rebelled. The First Infantry Regiment and the Second Artillery Regiment of San Salvador joined the rebels as did the Garrison of Santa Ana . Santa Ana was bombed from the air. The rebellion was put down by the remaining loyal sections of the military. Reprisals of torture and execution of those who had joined the rebellion followed. Martial law was put in place. However, in May 1944, non-violent protest leading to

3800-537: The Salvadoran armed forces were part of the Multi-National Force – Iraq . El Salvador deployed more than 500 troops, mostly paratroopers and special forces. During the conflict, five Salvadoran soldiers were killed in action and more than 50 were wounded. Salvadoran forces operated next to the Spanish Legion and the U.S. Army . They were well regarded by both Spanish and U.S. forces. The last of

3900-503: The Salvadoran forces withdrew from Iraq in 2009. They were the last Central Americans allies to withdraw from the conflict. In 2016, a new armed force was raised in El Salvador with the remit of stopping criminal gangs (especially MS-13 ) and narcotrafficking . In 2021, the strength of the Salvadoran armed forces was estimated to be 24,500 active presonnel. Beginning on 25 March 2022, three days of gang-related violence occurred that left 87 people dead. In response, President Bukele asked

4000-471: The Salvadoran parliament to ratify a state of emergency. On 26 March, Bukele also ordered the police and army to initiate mass-arrests against those responsible for the violence. A day later, Congress approved a state of emergency that gives legal coverage to arrest any citizen suspected to be a gang member even with no proof. In addition, Congress also approved reforms to increase the maximum sentence for gang member from nine to 45 years in prison and punish

4100-544: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This

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4200-490: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending

4300-599: The US whereby an American military aviation mission would be sent to El Salvador; El Salvador would seek advice from the US preferentially and purchase arms from the US. Some Salvadoran military officers were trained in North America and the Panama Canal Zone . Nevertheless, the amount of American military aid purchased by El Salvador in the 1950s was small; just enough in munitions and light arms to suppress internal conflict such as communist activity. In

4400-685: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in

4500-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had

4600-638: The Wall Street crash, after which the slide continued for three years, which was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in

4700-540: The World Cup . Then, on 26 June 1969, El Salvador won a play-off game 3 goals to 2 against Haiti , taking a place in the cup finals. On 14 July 1969, armed hostilities began between El Salvador and Honduras. Due to the war's proximity to the World Cup qualifying games, it was called the " Football War " or the " Soccer War". At this time, the Salvadoran forces included approximately 8,000 infantrymen with rifles, machine guns, mortars and bazookas, 105 mm cannons and

4800-502: The armed forces as a 'fundamental institution for national security, of a permanent character, apolitical, obedient to established civilian authority, and non-deliberative". It also charges the military with enforcing the no-reelection provision of the country's president; with guaranteeing universal suffrage , human rights ;and with working with the executive branch of government in promoting national development The Commander in Chief of

4900-647: The assassination of the archbishop , Oscar Romero (1917 – 1980). In late 1981, soldiers of the national armed forces' Atlácatl Battalion , a rapid response troop, killed 900 civilians at El Mozote . This was one of a number of actions including rapes, bashings, torture and killings. Men of this battalion were graduates of the US School of the Americas at Fort Benning , Columbus, Georgia . Another atrocity occurred on 16 November 1989 . Army soldiers murdered six Jesuit priests, their housekeeper and her daughter at

5000-460: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why

5100-573: The beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on the stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until

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5200-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate

5300-462: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which

5400-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downtown, they fail to account for its severity and longevity; they argue that these were caused by

5500-625: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what

5600-503: The dates and results of the qualification rounds. Key : qualification qualification appearance North Korea withdrew because they refused to play Israel . There would be three rounds of play: FIFA rejected the entries of Guinea and Zaire . There would be three rounds of play: FIFA rejected the entry of Cuba . There would be three rounds of play: The 10 teams were divided into 3 groups; two groups with 3 teams and one group with 4 teams. The teams played against each other on

5700-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered

5800-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and

5900-406: The dissemination of gang messages, including independent journalism talking about the gang crisis, with up to 15 years in prison. The law was directed against those who "mark" their territories with acronyms of the gangs, a practice that gang members use to intimidate, and threaten with death those who denounce them to the authorities. The Directorate of Penal Centers began to erase the graffiti that

6000-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did

6100-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of

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6200-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought

6300-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though

6400-500: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating

6500-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be

6600-540: The first time, the winners of both the African zone and the Asian and Oceanian zone were guaranteed a direct place in the final tournament. The 16 spots available in the 1970 World Cup would be distributed among the continental zones as follows: A total of 68 teams played in at least one qualifying match. A total of 172 qualifying matches were played, and 542 goals were scored (an average of 3.15 per match). Listed below are

6700-505: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August

6800-422: The gangs use to mark the territory in which they operate. The Mara Salvatrucha (MS-13) and Barrio 18 gangs , among others, were estimated in 2022 to have around some 70,000 members, and as of August 2023, around 72,000 people have been sent to prison as a part of the government crackdown on the gangs. The Salvadoran armed forces are a combat force composed of army, navy and air force each led by their Chief of

6900-606: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing

7000-738: The highest military decorations in the Salvadoran Armed Forces are the Gold Cross of War Heroism in Action; the Silver Cross of Heroism; the gold medal for Courage in Action; and the Silver Medal of Valor. for such actions, there may be a monetary payment in addition to the armed forces pension. There are other honours for field service, distinguished service, and merit. Great Depression The Great Depression

7100-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,

7200-527: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at

7300-620: The lack of advantage on either side led to the end of the war in 1992. Under the terms of the Chapultepec Peace Accords which had been signed on 16 January 1992 in Chapultepec , Mexico , the Salvadoran Armed Forces was to be subordinated and removed from the political arena. The Ministry of Defense handed the role of internal security to a new body, the National Police Force. The number of soldiers in

7400-563: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with

7500-521: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,

7600-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then

7700-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view

7800-502: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and

7900-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that

8000-582: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In

8100-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during

8200-480: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in

8300-459: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in

8400-466: The populace. In 1993, a General Amnesty Law was passed by the Salvadoran government. Victims of human rights violations had no redress. International human rights entities such as the UNHCR made formal objections to the law. Spain found jurisdiction in the matter and indicted twenty retired soldiers who were officers at the time of the killings. For many reasons, the armed forces resisted the application of

8500-633: The requirement of the Peace Accord. Junior officers who had volunteered to work in security units did not want to be treated as raw army recruits when their units disbanded. Senior officers feared the autonomy of the military's core activities, such as training, would be lost. Military leaders feared that the loss of military units in rural areas would lead to social and political unrest. The civilian population feared that officers purged from military ranks for human rights violations would join right wing paramilitary organisations. From 2003 to January 2009,

8600-530: The same in 1890 and General Rafael Gutierrez in 1894. However, these changes in power were fought between networks of rival landowners (coffee barons) and politicians under their patronage rather than between official military and government forces. Military operations in El Salvador continued in a similar way until the early 20th century. During the Great Depression , coffee prices fell, the wages of indigenous Salvadoran workers were cut and unemployment

8700-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of

8800-476: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and

8900-624: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in

9000-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among

9100-406: The younger officers and troops under their command and the senior generals and the police force under their command. The president, Salvador Castaneda Castro (1888 – 1965) was imprisoned. Senior officers and politicians were dismissed. The new government promoted the formation of a truly national, apolitical and professional army in El Salvador. From 1947 to 1953, El Salvador held an agreement with

9200-658: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject

9300-505: Was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered

9400-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did

9500-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of

9600-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing

9700-500: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by

9800-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened

9900-470: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that

10000-433: Was widespread. For three days in 1932, the indigenous workers rebelled. The ruling general, Maximiliano Hernández Martínez (1882 – 1966), responded with force. Under his command, the national army proper, slaughtered up to 40,000 peasants. Twelve years of autocratic rule followed. Martínez withheld democratic and civil rights. On 2 March 1944, a Palm Sunday , the landowners, intellectuals, students and also some sections of

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