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Describes how the recession that began after 1929 evolved into a full collapse by April 1931, including major banking failures, abandonment of the gold standard, and intensifying threats to European capitalism. Explains the mechanism through falling production, wages, trade, revenues, and budget strain as governments cut spending and social services.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/the-decisive-year-1931-chapter/324643/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/the-decisive-year-1931-chapter/324643.png","ImageObject",300,407,{"name":92,"@type":93},"Aria","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-05","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",16,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What was the decisive turning point described for 1931?","Question",{"text":113,"@type":114},"By April 1931, the recession had become a collapse that swept major banks into insolvency and pressured countries to abandon the gold standard.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the text explain why the recession turned into a collapse?",{"text":118,"@type":114},"It traces the shift from falling prices and values to declining production, falling trade, reduced incomes, and budget strain, while unemployment support exhausted insurance funds.",{"name":120,"@type":111,"acceptedAnswer":121},"What contrasts are drawn between capitalist imperialism and Sovietism during 1931?",{"text":122,"@type":114},"The text states that capitalist imperialism weakened under the strain, while Sovietism gained steadily in strength and drive through the same period.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},324643,1790484694,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146,"preview_page_count":4},2336464648322,"https://ap-avatar.wpscdn.com/avatar/2200025388227c56fec?_k=1778556882303663488","97-84105-24Nearing,Scott  \nThe decisive year,1931  \nCOLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET  \nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nReproductions may not be made without permision trom Columbia University Libraries.                 \nRESTRICTIONS ON USE:  \nTECHNICAL MICROFORM DATA  \nREDUCTION RATIO:            9:/  \nFILM SIZE:      35m  \nIMAGE PLACEMENT:IA  \nDATE FILMED:                   13/9 7   \n TLM     \nINITIALS:  \n        24908                 \nTRACKING\\#:  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \nTHE DECISIVE YEAR  \nCapitalismImperialismSovietismbefore the barof history ●308Z  \n0X420by SCOTT NEARING  \n123、  \n\n| THE DECISIVE YEAR  \u003Cbr>1  93  1  \u003Cbr>CA PIT ALISM  \u003Cbr>IM PERI ALISM  \u003Cbr>S oVI ET IS M  \u003Cbr>before the ba r  \u003Cbr>of history  \u003Cbr>by SCOTT NEARING  \u003Cbr>URQUHART PRESS  \u003Cbr>108 Greenwich Street,New York.   |\n| --- |\n\nGęt  \nTocn  Clg  \n\n| 8.25.36  \u003Cbr>Other Pamphlets by Scott Nearing  \u003Cbr>Why Hard Times?  \u003Cbr>A study of the economic and social forces that  \u003Cbr>are sweeping away capitalist imperialism.  \u003Cbr>Must We Starve?  \u003Cbr>What will declining capitalism do with ts  \u003Cbr>surplus population?  \u003Cbr>One Way Out  \u003Cbr>Socialized,planned,world economy as an an-  \u003Cbr>swer to the crisis in capitalist imperialism.  \u003Cbr>10 cents a copy  \u003Cbr>URQUHART PRESS  \u003Cbr>108 Greenwich Street  \u003Cbr>New York City   |\n| --- |\n\nContents  \nTHE DECISIVE YEAR—1931  \nI.The Recession Becomes a Collapse.  \nII.The Breakdown of Capitalism.  \n1.Suicidal Economics.  \n2.An Unbalanced Continent.  \n3.Hari-kari in Capitalist Europe.  \n4.The Struggle for Imperial Supremacy.  \n5.The United States as World Arbiter.  \nIII.Colonial Bankruptcy and Revolt.  \n1.The Colonies Lose their Buying Power.  \n2.The Movement for Colonial Independence.  \n3.Resistance to Imperialism  \nIV.The Old Order Must Go.  \nV.Socialist Construction.  \n1.A New Face on European Affairs.  \n2.The Ideas Behind Sovietism.  \n3.Preliminary Tasks.  \n4.The Record of 1931.  \nVI.The Transition from Capitalism to Socialist Con-struction.  \n1.The Experiment with Gradualness.  \n2.Under Which Dictatorship?  \nVII.Capitalism or Sovietism.  \n2.  \nHave You Read  \nFREE BORN  \na full length novel by sCOTT NEARING.  \nThe story of Jim Rogers,an American Negro whobegan life on a Georgia plantation,worked his waythrough the Chicago Stock Yards,and learned thelesson of labor solidarity in a Pennsylvania coalmine.The book gives a vivid picture of the UnitedStates as seen by a native born wage-worker whohappened to be black.240 pages.  \nSingle copies 50 cents;by mail,60 cents;3 copies,postpaid $1.50;10 copies postpaid,$4.50.  \nSpecial edition,numbered and autographed,$1.00postpaid.  \nTHE DECISIVE YEAR:1931  \n# I.THE RECESSION BECOMES A COLLAPSE\n\nTwo social systems fought a life and death struggle throughout1931.Capitalist imperialism weakened and crumpled under thestrain.Sovietism gained steadily in strength and drive.  \nThe economic recession was well advanced by the end of 1929.Prices had been falling slowly for five years.Already,in West-ern Europe and Japan,recession had replaced prosperity.The Oc-tober crash in Wall Street gave just the push that was needed todrive the entire system of business for profit reeling into a col-lapse.  \nMarxians recognized the death-paralysis;the Communist Inter-national analyzed and explained it.Spokesmen for Americancapitalism,however,described the difficulty as a\"temporarycheck”that was \"chiefly psychological\".The economic system,they insisted,was“fundamentally sound”.  \nUntil the middle of 1930 a parallel could be drawn with earlierbusiness cycles.A speculative boom;a break;the rapid loweringof prices and of security values,were the typical incidents of busi-ness recession.  \nUnder average conditions the decline in prices and values shouldhave lasted for a few months—six or eight or ten—and shouldhave been followed by stabilization at a lower level than that pre-vailing during prosperity.After the new pri","cbCailTXlgYBICI4","https://ap.wps.com/l/cbCailTXlgYBICI4","pdf",1148864,22,"English","# THE DECISIVE YEAR—1931\n## I. The Recession Becomes a Collapse\n## II. The Breakdown of Capitalism\n## III. Colonial Bankruptcy and Revolt\n## IV. The Old Order Must Go\n## V. Socialist Construction\n## VI. The Transition from Capitalism to Socialist Construction\n## VII. Capitalism or Sovietism","[{\"question\":\"What was the decisive turning point described for 1931?\",\"answer\":\"By April 1931, the recession had become a collapse that swept major banks into insolvency and pressured countries to abandon the gold standard.\"},{\"question\":\"How does the text explain why the recession turned into a collapse?\",\"answer\":\"It traces the shift from falling prices and values to declining production, falling trade, reduced incomes, and budget strain, while unemployment support exhausted insurance funds.\"},{\"question\":\"What contrasts are drawn between capitalist imperialism and Sovietism during 1931?\",\"answer\":\"The text states that capitalist imperialism weakened under the strain, while Sovietism gained steadily in strength and drive through the same period.\"}]","THE DECISIVE YEAR - 1931 - Chapter | PDF",1789968484,55]