Did World War 2 End The Great Depression Essay

Did World War 2 End The Great Depression Essay
Ah yes the million–dollar question, did WWII end the Great Depression. To answer this and have a consensus of global economist might just earn this
MAH student a Nobel Peace Prize. There is no doubt that the Great Depression ended with the ending of WWII, not the beginning. Therefore, I would
say that it is a safe to support the theory that yes, WWII ended the Great Depression. Clearly, Franklin D. Roosevelt's policy of government spending
and John Maynard Keynes tax and spend economic theory was not working. Yet, Franklin D. Roosevelt (FDR) was certainly willing to try Keynesian
economics in an effort to jump–start the sluggish American economy, between 1929 and 1939.
FDR's job creation programs the CCC, WPA, AAA, and a host of others just...show more content...
Not all goods were rationed, nor was there a regulation against leisure time, which saw huge gains in consumer spending during and after the war.
Industrialist saw the need for more housing, better or newer appliances, automobiles, and a host of other consumer driven goods fueled American
consumerism. The need to consume was the death knell to the Great Depression. Soldiers who had seen the world came back with new ideas and
innovations. Many wanted a better life now that they were home with their families.
Those who claim that WWII did not end the Great Depression need only read my earlier statement, the Great Depression ended at the end of
WWII, not the beginning. Certainly, FDR foresaw a potential for another economic collapse and cut taxes and federal spending was paramount to
ending any resurgence of the depression. Nevertheless, the advent of the Marshall Plan, and the rebuilding of Europe and areas in the Far East after
World War II established America as a global provider of goods and services, and set the stage for America to become an industrial power like the
world had never seen before or
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Great Depression Dbq Essay
Great Depression DBQ Essay Imagine this. You wake up one morning in the year 1929, in your luxurious, pricey mansion. You then make your
way downstairs to eat that nice big breakfast. Then you kiss your family good bye and head off to your fancy job. You come home that evening and
suddenly you're flat broke. Meaning all your money and life's savings vanished. Unreal right? Well it was real for hundreds of families on October
29, 1929. The day the stock market crashed and when America's confidence was challenged greatly. Such an event caused many problems in the
country. The first problem had been that when banks lost tons of money due to the stock market crash, they also lost the life's savings of so many hard
...show more content...
It aided to the problem America had when people lost their life's savings because of an irresponsible choice their bank had made. The F.D.I.C insured
savings accounts in banks approved by government. If one of those banks fails, the government would promise depositors that they would receive their
money. Many other solutions similar to the F.D.I.C were created which was shown in document 6. But, some of the ones that solved the issue of
unemployment were Federal Emergency Relief Administration (F.E.R.A), Civilian Conservation Corps (C.C.C), Works Progress Administration
(W.P.A), Rural Electrification Administration (R.E.A), and the Tennessee Valley Authority (T.V.A). They all had different tactics at going towards the
solution of the unemployment epidemic. For example, the Works Progress Administration would put the jobless to work by doing many things like
building airports, playgrounds, parks, schools, and hospitals and also becoming photographers, artists, actors, writers, and composers. Another solution
to one of the problems was "kitchens" being opened up by various individuals or groups. Many starving families would send out a member to bring the
free food home from these kitchens. They would wait outside of the building in very long lines just to get a simple small meal, which was shown, in
document 4. Although the problems weren't completely gone, there were certainly numerous attempts at solving or reducing

Depression has a voice, a dark and entrancing voice, luring you into its pain. It tells you how terrible you are, grows and grows, replays every
mistake in your life, and humiliates you daily; it makes happiness impossible and friends a difficulty. It's the darkest, ugliest shade of colors, that
permanent paint that won't come out. Once this color finds its way onto your canvas, it will unravel over your beautiful art. Cover up who you really
are and you'll hurt inside. There are people in this world that have known darkness for so long that they know how to hide it, they've had their 3AM
thoughts of pain and torture. People can cover it up with a smile and positivity and you'll never see them break down. They refuse to feel, they don't
connect

The Economic Impacts Of The Great Depression
Rodena Woods
History 102
Exam 2– Essay Answers
Big Essay Question
The economic downturn is considered the great depression from 1929–1941 because of the uncontrolled exertion on unlimited goods produced. Other
contributions were the risky and irresponsible speculations in the stock market. Banks had invested and lost, and they were buying on margin. There
was also increasingly unequal distribution of wealth. Furthermore, the U.S had weak banking systems and banks eventually failed. Finally, there was a
protectionism in tariff policy. Tariffs are taxed on goods that other countries paid to trade. This is also viewed as thegreat depression because it was not
just only U.S crisis it was a global crisis. Farmers were hit hard, lost land and could not pay their mortgages. This was the longest depression ever in
U.S history that had affect tens of millions of people including businesses, farmers, the wealthy and the middle class. It was estimated that 13–15
million Americans lost their jobs, unemployment hit 25%, and 5,000 banks closed. World War 2 was significantly costly, which also had an effect on
the great depression. The manufacture of materials for war such as rifles, ships, tanks and other items cost the federal government millions of the
dollars which worried Americans again. Lastly, governments were destabilized everywhere.
The response of the federal government was very crucial for Americans during these years of crisis because they had not seen much of they thought

Dbq Essay On The Great Depression
The Great Depression– The Great Depression was one of the worst times for the Western Industrialized World, when it came to its economy The
depression originated in the U.S, after a fall in stock prices that began around September 4, 1929. Cities were hit hard, especially those dependent on
heavy industry. TheGreat Depression affected anybody that was indebted. Some countries affected; Canada, Germany, Great Britain. Not everyone
was affected in the same way during the Great Depression. Many of the rich weren't affected at all but the poor couldn't do anything about it.
Thousands of homeless families camped out on the Green Law in New York City, which was an empty reservoir during the Great Depression. During
the 1930s, manufacturing employees earned about $17 per week. Doctors earned around $61...show more content...
The American Dream is mostly impossible because of the amount of money that America is in debt. If America wasn't as in debt as it is, the
American Dream could be possible, but it would still be hard to accomplish. The American Dream began before the U.S was even born, starting in the
1600s
Not everyone has the same chance of achieving the American Dream. The phrase "American Dream" was actually put in a book by the famous
historian James Truslow Adams. The book is called " The Epic of America." Fun fact, the book was actually written during the Great Depression. The
American Dream has changed over time. How? Well before the American Dream was to leave behind their past and create a better one in America.
An example of what they dreamt of was the social dream of equality (of opportunity) and a classless society. Now the American Dream is mostly about
political and economic marketing strategies. Also now we want people to get away from selfish individualism and materialism, and to return to
community spirit and social

What Was The Causes Of The Great Depression
In conclusion, the origins of the Great Depression, which began in 1929, placed an impossible strain, directly and indirectly, upon the world
economy. The economical and financial structure, which had developed during the 1920s, was delicate and many economies were moving into a
recession in 1929; therefore, when the U.S. boom broke, the general downfall was inevitable. The weaknesses varied from country to country but
problems were closely related; once the Depression began, a domino effect set in and there was no international body or individual state that was able
to stop it. The Depression left a deep psychological scar on all nations; even those who were among the most fortunate. The poverty, the insecurity and
despair are still remembered

The Great Depression Essay example
The Depression was a period of time after the economic boom of the 1920's in America, when the economy went downhill. People lost money, jobs,
shares, businusses went bankrupt and the farming industry suffered greatly. The Republic Government at the time lead by Hoover was still following
policies of Lassez Faire so business was not getting the support it needed to get it back on track.
The Republic Governments Protectionist policies were one of the causes of the great depression. There were trade problems associated with their
protectionist policies. The Republic Government made high tarrifs on imported goods. This was to make sure that the Americans were buying their
own products. Buying American products meant that they would be...show more content...
The Farmers found that they could not payy of their mortgage debts and got evicted from their residences and farms as a result. Workers lost their
jobs because the employees were no longer in control as they had been evicted because they couldnt pay off debts.
International Debt was another cause of the depression in the United States. The United States was still being effected by International trends. Even
though the US was going through a stage of prosperity, the International economy was still recovering from war. There were war debts that needed to
be repayed to other nations. There were reparation repayments that needed to be payed because of the effects of the war. Also the depression and
inflation of Germany which was Europe's largest economy had an impact on the economy of the United States.
The Wall Street Crash was a trigger for the collapse of the United States economy.On Tuesday the 24th of October lots of inverstors tried to sell their
shares at once. this made share prices drop very fast. by the end of the day the stock exchange had lost four billion dollars. Many of the stock brokers
sold shares on margin. To buy shares to begin with they had to borrow money from the banks. when the stock prices began falling the brokers needed
to repay their debts to the banks. the only way to do that was if their customers payed them back. the customers had to sell their shares to pay the
brokers back and they

Great Depression Dbq
Historians argue what caused the Great Depression, some say it was due to the stock market, others say it may be the war debt or overproduction. To
believe the Great Depression was caused by only one event is naive. It was caused by a multitude of problems that the government failed to fix.
The Great Depression of the 1930's was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market
crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.
Before the depression happened many factories and farms alike, were producing mass amounts of cheap goods/produce, more than people could buy.
This led to product prices falling, due...show more content...
The stock market crash, called Black Tuesday. Unequal distribution of wealth was a key factor during the time period as well. The day know as
"Black Tuesday" was the day the stock market crashed. This led to the fall of stock prices, in fear, people sold their stocks and gathered the money
they could. The people who didn't, lost all of their stocks. Those who bought them on credit, they were now in debt. Investors lost a collective amount
equal to the amount spent in WWI, that's billions of dollars gone, approximately thirty–two billion dollars (32,000,000,000). As bad as the crash was,
unequal distribution of wealth did not help. The rich saw an income increase of 70%, and the poor saw an increase of 9%. More than 70% of
families earned less than $2500/year. Many of these families couldn't afford household products, such as the flood of overproduced goods. Only one
out of ten families owned an electric refrigerator. One thing many people overlook when on the subject of the Great Depression is the president's
influence on the situation. The two presidents during this time were Herbet Hoover and Franklin D. Roosevelt. Hoover was in office during the collapse
of the economy, he didn't believe in national relief, he believed in self–prevalence and self–help. His beliefs didn't get the confidence of the people, in
1933, a fourth of working American's were out of a job, that's more than fifteen million people unemployed. Many people disliked Hoover, so when
they needed to make a home out of paper, glass, tin, or whatever they could find, they named the towns constructed from these items "Hoovervilles".
They were found mostly on the outside of cities. Hoover's idea of self–reliance didn't get him reelected, he lost to Franklin D. Roosevelt in 1933.
Roosevelt brought forward a new strategy to take on the economic problems, it was called the New Deal. The New Deal was a series of actions him and
his

Mari,
I agree with the causes of the Great Depression being the stock market crash, bank failures, the drought, and European economic issues. During this
week's lesson I learned how each economy could affect another economy. I found this really interesting because I never realized how we not only
invest in our country but we invest in other countries also. For an example during the 1920s the United States, "spent a tremendous amount of money
investing in the rebuilding of postwar Europe when the economy started to falter, the United States suspended its international investments, which
weakened economies of nations throughout the world"(Barnes & Bowles, 2014). This shows how our weak economy negatively affected the world's
economy.
References

Primary Cause Of The Great Depression
Great Depression Lecture Questions.
1. What was the primary cause of the Great Depression?
The Great Depression was caused by a few factors but the major reason behind it was the financial markets then was not based on realities of the
economy. The model used did not show any implications of correlation of company health to the price of stock.
The speculation of the market trend was also unregulated since most stocks were purchased on margin and corruption was also at highest since the
market was rigged by Wall Street officials.
Another major cause behind this was the fact that commercial banks and institutions had invested their customer savings in the stock market which
resulted in millions of people losing their life's savings.
2....show more content...
This also compelled the US to exercise non–entanglement in international politics
As a result, there was The Japanese invasion of Manchuria and also, the push of gaining total control over expanses of Northeast China in
1931.Resulting from this, United States expressed concern over the aggressive action without committing itself to any direct involvement or
intervention. There were also other conflicts arising from this such as the Italian invasion of Ethiopia and the Spanish Civil War.
2. Why did the United States assist Great Britain and the Soviet Union in their struggle against the Axis powers before the attack on Pearl Harbor?
The Alliance between Japan, Germany, and Italy gripped Europe with fear Roosevelt's back wanted US aid providing a response toward Hitler and
Mussolini and also in 1936, Germany rearmed the Rhineland– a 50–kilometer strip of land, this would make it easier for the French to invade Germany.
The US was primarily concerned with colonies of France and the Netherlands, which were left unprotected by the War in Europe.

Fear in the Great Depression Essay
Fear in the Great Depression We have every reason to believe that fear played an important role in the Great Depression. I would not go as far as to
say that it caused it; it is more analogous to the fuel that fed a tiny flame into the conflagration, it exacerbated it, but did not cause it. Nor do I
believe that the depression is in any way caused by the stock market crash. The crash was merely a symptom of a failing economy, not the cause. The
cause of the Depression should not be treated as an American problem because its origin was global. The Depression was prevalent in Europe years
before the Great Depression came to...show more content...
In the mean time, many farmers destroyed parts of their own produce in the hopes that the price will go up. The economy now showed the first signs
of strain.
The second telltale sign came from the stock market. During the Roaring 20s, the boom was dependent almost entirely upon confidence of the
investors. Since the stock market was unregulated, many people bought and sold stocks of companies that never existed. More appalling was that
many people bought stock on margin–––––– sometimes they only paid 10% price to buy a stock in the hopes that the stock value will increase and pay
off their debt. These were certainly unhealthy practices. The hopes of quick wealth was all that matter in those booming times. The following quote
from McElvaline neatly summarizes the attitudes of the investors before the Crash:
It was a telling analogy. Stock speculation provided a legal spirit of intoxication in a time when intoxicating spirits were prohibited by the Eighteenth
Amendment. By the fall of 1929, those who were guiding the market were driving under the influence. A terrible crash, to be followed by unpleasant
sobering experiences and an awful hangover were the likely results. (McElvaline 46)
The intoxicating confidence of the Roaring 20s certainly fared well in the stock market. Even before the black Tuesday and

Great Depression Thesis
The Great Depression in the United States was without a doubt the worst economic crisis in American History, maybe even world history. The United
States has been a super power in the world throughout most of her existence, but the Depression of the 1930s was really a low point. As the stock
market crashed, many looked for guidance in the government, but they were not of much help. While political leaders of the 1920s did not necessarily
help the Great Depression, the overproduction by the farmers, the disproportionate spreading of the wealth, and the poor use of the stock market by the
common man caused greater damage leading into the Great Depression.
First, the farmers of America made a crucial error. This error seems unavoidable, but...show more content...
During the "Roaring Twenties," more people were working, corporate profits increased by 65%, and wages went up by 8%. Unfortunately, the
wealth distribution was way off from being fair. The wealthiest Americans benefited way more than any other social class in America, which had a
direct ripple effect on how the common folk are able to live their lives. The richest 1% of America earned as much as the bottom 42%, leaving
many people making less to make more risky decisions with their money in order to simply get off with food and a roof. The presidents in the 1920s
promoted a laissez faire economic system, which can be good but can also result in a lot of bad things. The federal congress couldn't do much because
they were mostly just slaves to the presidents, so they just watched as most people in businesses basically just did what they wanted with their money.
In a laissez faire economic system, the government is basically allowing businesses to do what they please without too much interference. This was not
the smartest decision, but it was a gamble that the presidents, like Herbert Hoover, were willing to take. Although they allowed this, they are not
responsible for the greediness of others. They may have enabled such behaviors, but the people themselves are responsible for the unequal distribution
of wealth in America. It was the business owners and all of those wealthy 1%ers that caused a lot of issues in the stock market because they had a lot
of money that many others didn't. If many others did have that money, then more money would've went into the stock market and into the growing
American economy. The stock market crashed because people were losing faith, and the market crashes a lot quicker when there are less people
connected to the stocks and less people losing faith at rapid

Argumentative Essay On The Great Depression
Sleepless nights, drowning debt, suicide attempts, and the inevitable fall towards unemployment. These are the things that not only make up but
almost define the title "The Great Depression." The Great Depression was a collapsing disaster. One after another, the government along with society
fell to their knees. Stock markets crashed leaving most Americans bankrupt and on their own to support themselves and their families off of loose
change. Jobs were as rare as ever, people went unemployed left and right. People were left to fend for themselves on the streets with no roof over their
heads. This along with everything else, took a tremendous, emotional toll on society. Some even saw no other options than ending their lives. TheGreat
Depression had an emotion drenching and ground breaking effect on the generation to go through it.
One of the first things that led to a crashing course of events was the people financial tragedies. According to one person who had lived through
that time, "We weren't hungry but we were penniless" (Hastings). The use of the word "penniless" really represented how people had zero money.
This was not the type of poverty where society was not able to afford self wants. This was the type of poverty that people could barely afford their
own needs and necessities. It's very important how stressed this topic must be. Another quote says "With no dependable income we cut back on
everything possible." (Hastings). That means even the simplest things such as toothpaste and towels. This time period,1930s, was the greatest stock
market crash. Stock markets crashed simply because of many economic failures, and when this happened many people were left with nothing. "Most
Americans, of course, owned no stocks at all, so they were not in danger of going bankrupt overnight" (Hayes). This quote from the text was brought
up to show how mostAmericans did not even own stocks because it was a perfectly common thing for someone to end up with nothing in less than 24
hours, "overnight." Althoug h, stocks were not the only reason people had no money. Credit and banks failing had a huge part in that as well. "Banks
stopped lending money. In 1930 and 1931, many banks failed, and customers lost all their

Great Depression Outline
History Outline
Monsy Rodriguez
The Great Depression
Thesis: In its duration and magnitude, the Great Depression was indefinitely more severe than any other episode of "hard times" in our history and it
was the molding force of the America we live in today.
Purpose of Your Hook: The purpose of my hook is to get the reader's attention and have them keep reading and get through the whole essay.
Key Point of Introduction: The purpose of my introduction is to expose the reader of my topic and my three main arguments/body paragraphs. This
would be the molding effect the Great Depression had on today; the short term effects and the lasting effects. Also how it changed the way people saw
the government and banks and how it changed the way...show more content...
Purchase tools, necessary kitchen equipment, garden necessities, fishing gear, and other items to help improve your measure of self–sufficiency" *
"Buy American. As much as possible, avoid purchasing imported goods and look for American–made products to help our country pull itself out of the
recession. You may have to track down companies online and ask local shops to carry American
–made goods. The extra dollars spent are well worth it.
If we all followed this practice, imagine the outcome. Keep your money here; don't send it overseas." * "Seek multiple income opportunities,
rather than relying on one sector or one company for the family's support. If your job is highly secure, you're in a better position, but still look for
side income opportunities. If your job is threatened or unstable, build up additional income sources right away." * "Produce and preserve food. We
plan to have a large family garden and our own laying hens in the backyard. As local fruits and vegetables come into season, I will pick and preserve
my own – strawberry preserves, frozen peaches and jarred apple sauces are all simple to put up from local, inexpensive bounty." * "The Great
Depression was caused, just like now, by the excessive use of credit. Many people are in the horribly financial situations they are in because they owe
way too much money to creditors. Their money

Women in the Great Depression Essay
The Great Depression can be a tough subject for most people, but still inspiring to others. The Great Depression was a very difficult time for America
as well as women. The women of the Great Depression struggled through many trials, as did many others in the United States, but they were able to get
through it all. The women of the Great Depression worked their hardest to stay true to themselves, and their family, as well as, to keep a job, a stable
household, and for some, a strong marriage.
Women primarily worked as teachers, nurses, and telephone workers, but when the Great Depression hit, women began to be fired from their jobs.
Plus many men disagreed with women working during the Depression, especially if they were married to working...show more content...
The fortunate middle class Americans unexpectedly, during the Great Depression, didn't even look twice at the luxuries of the world. Just as any
American during that time, they had their focus on the necessities of life such as food and shelter. Many worried about losing their home because
they could barely keep up with the paying bills. As a result, the Homeowners Loan Corporation (HOLC) helped refinance home loans supporting
Americans and allowing them to stay within their homes. Many middle class and upper class women began writing their own personal budgeting
accounts to help them pay bills as well as food. They also taught other women how to properly budget their own small sum of money. They
budgeted to help them keep control of the money they had and make sure that they had the right amount of money with them all the time. In an
article written by Richard C. and Sharon M. Hanes told a little bit about a lady and how she and other women handled money for the food for their
family and others saying, "...prided herself on "making do" when feeding her family. If very careful, a woman could feed a family of six on five
dollars a week...Mothers could make a pot roast last an entire week...Vegetable gardens sprang up in backyards and vacant city lots. Women did their
own canning, pickling, and preserving..." (Hanes). These women were inspiring and thought of the most interesting

Thesis For The Great Depression Essay
The Great Depression Thesis Paper
The Great Depression lasted from 1929 to mid 1940s. It was a time of misery and suffering for everyone around the world. The stock market crash
caused millions of people to end up without a job and hungry. Up to 7 million people worldwide lost their lives. This devastation made many families
start over and begin again.
Black Tuesday, October 29, 1929 was the official beginning of TheGreat Depression, the day the stock market crashed. The stock market business was
the way of getting rich, now was a way to go bankrupt. The government determined people invested in stocks lost $40 billion. People were so far in
debt that they could not pay back the banks. 13 to 18 million people across the world had no work...show more content...
After that people had no money in their bank accounts, or in their pockets. Many people traveled on foot looking for a place to work, not being very
successful. These people were mostly teenagers, but you could also find groups of families and friends traveling together.
The Great Plains had become a home for 2.5 million people by 1940. 200,000 others had fled to California. Thousands of people had also set up camps
at the Great Lawn at Central Park in New York. Most of these people dined in soup kitchens after a day of looking for a workplace.
The presidential election took place in 1932 with Franklin D. Roosevelt against Herbert Hoover for reelection. Hoover didn't stand a chance against
Roosevelt. The people had hopes that Roosevelt would help solve their problems and end the depression faster. In fact, they disliked Hoover so
much people who lost their homes had to move into what they called "Hoovervilles", which were crummy places. Roosevelt after becoming president
spoke this to the people of America "Let me assert my firm belief that the only thing we have to fear is fear itself– needless, unreasoning, unjustified
terror which paralyzes needed efforts to convert retreat into advance." After Roosevelt was elected people started to realise they had to start doing
something to get back to their normal

Dbq Great Depression
The great depression was the greatest economic fall in the history of the united. A lot of people wonder what it was like during the depression. You
are probably asking what started the great depression and other important questions. In this essay I'll be answering all your questions in this paper. Let's
get started! One big question of the great depression is what where the causes of it? Firstly banks invested in the stock market. You're probably asking
"what's wrong with that?" well the bank loaned money to people investing in the stock market . The money that the bank loaned to people was
essentially money from other people whose money was in the bank . The federal government increased the making of money in the 1920s because the
economy...show more content...
Some of you might not know what deflation means. Deflation means that prices go down on goods, but deflation is not good. When products of
prices go down usually the business suffers and they have to fire people or give them lower wages. Other than causes of the great depression theirs
also a lot of different theories but the main two are the demand driven theory, and the monetarist theory. First the demand driven theory that states that
the "economic output is a strongly influenced by aggregate demand". Lastly theirs the monetarist theory they state that "variations in the money
supply have major influences on national output on the short run and on price levels over long periods. As most of you should know Herbert
Hoover was president at the beginning of the great depression. How did you think hoover responded to the great depression? Well Hoover thought
America could get through the great depression the great depression by hard work . Hoover also tried to boost the economy by creating jobs but it
didn't work and people started to lose faith in Herbert Hoover. Soon these little towns of poor unemployed people where called

The Great Depression of 1930 came as a shock to what was then the conventional wisdom of economics and to be able to see why it is crucial that we
look into the classical tradition of the macroeconomics that dominated the economics profession when the recession began and the Keynesian
economics approach used to correct the challenge. It is said that the Great Depression and the classical economics did not cooperate because the Great
Depression reveals numerous flaws in the economics while Keynesian economics collaborated well with the Great Depression, the reason been that
Keynesians found a solution to the great challenge that shook the entire countries of the world.
The classical economics is the part of thought on economics that had built up in the hundred years or so before...show more content...
Meanwhile, the Keynesians sees LRAS differently; they argue that the economy will be dead in the long term. Thereby, laying more emphasis on the
vital role aggregate demand will play in curing and overcoming what we call recessionary or inflationary gaps, which arises when the equilibrium level
of aggregate production surpasses what could be produced at full employment.
Furthermore, there is diverse view about the cause of unemployment. The classical economists debated that unemployment occurs due to the supply
side factors such as frictional unemployment, structural factors, et al., while Keynesians emphasizes on demand deficiency unemployment, which
means that unemployment is caused by insufficient economic growth and low aggregate demand

Principles of Macroeconomics 1 ________________________________________________________________________ Q. 2: The Great
Depression The Great Depression started in 1930 and lasted until 1939. It can be regarded as the worst depression the world has ever seen in the
history. Spread across various nations, the Great Depression badly hampered each and every aspect of the economic, business, political, and social life.
The most affected regions due to this economic slump were North America, Europe, and other industrialized Western countries. Among various other
reasons, economists, researchers, and historians cite the 'Black Tuesday (October 29, 1929)' as the biggest cause of the Great Depression. It was the
day on which the stock market crashed. A massive number of individuals, business corporations, and banking companies had invested huge amounts in
stocks. In order to survive from heavy loss, everyone hurried to sell its stocks, but there were no buyers. The banks went bankrupt and further increased
panic among individuals and businesses. In order to safeguard their remaining money, these individuals and businesses rushed to withdraw their
deposits from their bank accounts. These heavy withdrawals further caused various commercial banks to shut down their operations due to bankruptcy.
Another economic and social factor which contributed in making the Great Depression more severe was a significant decline in household purchasing
across the world. In fear of further loss of

Did World War 2 End The Great Depression Essay

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Did World War 2 End The Great Depression Essay