The Great Depression Essay The Great Depression Essay example Great Depression Essay Essay on The Great Depression

1. The Great Depression Essay
Introduction:
The world had faced two main economic problems. The first one was the Great Depression in the
early of 20th Century. The second was the recent international financial crisis in 2008. The United
States and Europe suffered severely for a long time from the great depression. The great depression
was a great step and changed completely the economic policy making and the economic thoughts. It
was not only an economic situation bit it was also miserable making, made people more attention
and aggressive until they might lose their lives. All the society was frightened from losing money,
work and stable. In America the housing market was the main factor of the great depression. A crisis
of liquidity appeared in the banks forming a credit crunch. This period was influenced by over
extended stock market shortage of water in the south and over trusting. The American government
put down some regulations to control the productions which were essential for the war.
Literature Review:
Great Depression:
The great depression hadn't appeared before in the history of the economic field. It was
something unprecedented. Some countries recovered during a decade while others not. This
depression affected the smallest individual tin the society even farmers were affected. This
collapse created a special case which was known as bowl. In the west a catastrophe appeared from
August 1929 to March 1939. It affected the economic field very severely for a long period. In spite
of being
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2. 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
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3. Great Depression Essay
Canada is a nation constructed from small stones of determination, and piles of perseverance.
Today, Canada stands tall as a beacon of democracy and a fortress of ideological freedom. From the
small stones of determination, to the status it wears proudly today, much has changed. It is the
history that has shaped Canada into the nation it is; from the victorious moments to the days of
misery and hardship. A prominent decade of true misery and hardship recalled by Canadians is the
Great Depression. The Great Depression of the 1930s was a time of severe poverty, unemployment
and unjust treatment experienced like never before by Canada. The Great Depression was
unforeseen, yet inevitable. The Great Depression led many families to undertake...show more
content...
The needy families suffered the most. The government offered relief, or welfare, for those who
qualified. An odd form of welfare was an open jail for the homeless. Similar to the relief camps, the
state of jail was horrible. It was described as a very old, thick–walled stone building, with two
stories. At the end of the corridor stood the toilet and one wash basin. No beds or bedding was
provided and the floors were black and swarming with bed bugs. One recalls, "Men were all
suffering from gastric trouble due to hunger and the hard boiled beans, weak kidneys from the
freezing cold, and frozen feet. In consequence, there was a steady line–up all night through at the
toilet– two to three hundred men to one toilet..." Another form of relief was a soup kitchen. Again,
the conditions were terrible. People suffered from hours of waiting in harsh weather conditions to
be served dry bread, boiled beans, and coffee or tea. In addition, eating the meal was often done in
ankle deep sludge. This was not something to be thankful for, as the cost to feed a single person
was four cents. It was clear the soup kitchens could put in more effort. The Prairies suffered the
most, as their way of life had always been less secure. Moreover, the families required a car and
gas in order to get relief, as they had to travel to the city. In addition, many Canadian and American
farmers had their property taken away for failing to meet
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4. Essay on The Great Depression
The Great Depression was a time of sadness and poverty for many. It became an unforgettable
historical time in American history. The author of the book The Great Depression, Pierre Berton
gives a clear view of what happened from 1929–1941. He basically outlines the Depression event by
event, explaining what happened where and who was involved. Although many books can tell
stories of the depression, I think the author of this book did a good job getting all the facts and
letting the reader know exactly what happened.      It is easily
shown that the author, Pierre Berton, didn't show much opinion in this book. He mainly focused on
just the facts. He would however give some personal views of reasons for certain...show more
content...
The sluggish economy drastically reduced the quantity of goods and services bought and sold.
The industrial and financial urban centers suffered from large numbers of business failures,
which came about in 1932 with over 30,000 failures world wide. Almost 2500 banks were forced
to close their doors because of lack of liquid assets. Because of these massive closings and shut
downs, it led to massive unemployment. Unemployment was at an unheard high of 25 percent in
1933. As a result of this, children received inadequate nutrition and healthcare. Starvation had
become an everyday occurrence. Some unemployed were evicted from their homes and left in
search of jobs or charity. Between 1928 and 1932, the suicide rate in the US rose 30 percent
because many people who had lost everything had committed suicide in shame of their losses.
     According to Pierre Berton, the depression in both rural and
urban areas demonstrated the inability of the US economy to cope with the impact of the of the
stock market crash. Everything that could go wrong did for the citizens living in America in the
1930's. The author explains three main ideas of why the economy took so long to recover for the
market crash according to economists. One being that inequality of wealth and income lead to
instability and set the stage for the big impact the depression had on those at the bottom of the
economic world. Secondly the industrial
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5. The Great Depression is probably one of the most misunderstood events in American history. It is
routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a
massive welfare state, huge amounts of economic regulation, and other interventions can save
capitalism from itself. The Great Depression had important consequences and was a devastating
event in America, however many good policies and programs became available as a result of the
great depression, some of which exist even today. When the stock market crashed in October 1929,
the nation plummeted into a major depression. An economic catastrophe of major proportions had
been building for years. The worldwide demand for...show more content...
It was a time when federal and state officials were still developing work programs for the
unemployed. This great industrial slump continued throughout the 1930's, shaking the
foundations of Western capitalism. When the Depression began, there was no federal relief for
the unemployed or assistance for families facing starvation. Some states operated relief programs
but curtailed them due to declining tax revenues. Religious and charitable organizations provided
relief in many urban areas; however, in many of these organizations operating in the North as
well as the South, there was a lot of discrimination and racism, which excluded African Americans
from their "soup kitchens." In communities where relief work was offered through state agencies,
African Americans were given less in monthly aid than white applicants. The reason I am
referring to African Americans is because I have recently read a book that dealt mostly with the
great depression and welfare programs. This book is called "There are no children here" and it is
written by Alex Kotlowitz. This is not about a fictional story of hardships and struggles but rather it
is a harsh reality that exists in this country, one to which we turn our backs and close our eyes to
daily. This book is touching only if you understand and acknowledge the facts that perpetuate poverty
and welfare dependency in the United States. Although I learned a lot from this book I
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