Great Depression Thesis

Great Depression Thesis
The Great Depression was the worst economic downturn in the history of the industrialized world. It
began after the stock market crash of October 1929.The Great Depression affected the people
through their jobs, their health, and their living conditions.
The Great Depression lead to people losing their jobs therefore the unemployment rate rose from
3% to 25%. By 1932, over 13 million Americans had lost their jobs. (www.google.com) When the
Great Depression happened it lead to many people losing their jobs. If you still had a job your
income was low. So low that you couldn't support your family, you couldn't pay bills, buy food, or
get medicine if you were sick. So the Great Depression started in 1929 and lasted until 1939.
Unemployment ... Show more content on Helpwriting.net ...
So everyday life during the Depression through no two people had the same understanding of the
Depression. (www.google.com) Everyone felt challenged and changed by the experience. By 1932,
three years after the initial crash, near thirty million americans had lost their source of income, from
unemployment of loss of a family breadwinner. (www.google.com) Both occurred during the 1930s.
What is often referred to as the Dust Bowl and the Great Depression. They both hit the great farming
areas of the U.S. The hardest states like Oklahoma, the panhandle of Texas, Kansas, Colorado, and
portions of New Mexico were devastated. Therefore during World War 1, farmers worked hard to
produce record crops and livestock. When prices fell they tried to produce even more to pay their
debts, taxes, and living expenses. In early 1930s prices dropped so low that many farmers went
bankrupt and lost their
... Get more on HelpWriting.net ...

Depression And Depression : The Causes Of The Great...
When most people hear the phrase "The Great Depression" they only associate it the crash of the
stock market and the hard times that followed. Here in the Midwest, when we think of the Great
Depression we also think of the Dust Bowl and the Dirty Thirties. The Great Depression was a very
climactic end to a series of poor choices that greatly affected the entire United States.
During the "Roaring Twenties" in the United States, the stock market had never been better. When
vice president Calvin Coolidge took the reins in 1923, business soared. Factories were turning to
Henry Ford's model of the assembly line to drastically increase product output, and many companies
in America were becoming multinational, (Foner, 615), such as General Electric and International
Business Machines (IBM), who bought out other companies in war torn Europe. Unlike in past
years, Americans were focused on having a good time. They were taking their families on vacations
across the country or out to sporting events. With the majority of the United States out enjoying the
booming economy and all the luxuries that accompany it, no one was paying attention to the signs of
trouble on the horizon. All of their reckless choices and decisions were leading to a major downfall.
During the Roaring Twenties, the people skyrocketed the American debt.
Monopolies were on the rise, with the assembly line raising production rates, Ford and Chrysler
were able to out–produce their competition, essentially forcing them

The Great Depression
After WW1 the Great Depression had a very late impact on the major film companies in France,
when it did, it unfortunately caused several film studios to go bankrupt, then in the late 1920's to
1930's many small film companies and groups emerged giving birth to the tendency called poetic
realism. Because the large companies who made films with a focus on making money were gone the
filmmakers and artists were able to concern themselves with the art of film, they often took poetic
innovations that we can associate with impressionism or surrealism and combined them to create a
more realistic style of narrative filmmaking. Therefore these films stylistic techniques have been
influenced by the political and economical historical contexts that took place in France that has
enhanced these films aesthetic. The growth of political awareness had then reflected in the films of
this time, thus the enormous historical impact that effected France's films and industry. The question
can be asked, how did these social, political and economic issues of France at the time come thought
the arts and cinema and start a very impactful thread of films.
Before WW1 and The Great Depression France dominated international film screens, especially in
1929 when the coming of sound really boosted their industry, people were extremely interested in
hearing the French dialogue. The French film industry was thriving; they had a very high demand
for films, which then meant the demand for theaters were

Effects Of Depression In The Great Depression
The "Great Depression" in the Great Depression During the Great Depression jobs, food, and money
were hard to come by for most people. The period between 1929 and 1939, Americans from all over
were struggling to just get by. The struggles people faced put a strain on families and even
themselves. People during the Great Depression were often ashamed, humiliated, and lost their
sense of self–worth. In Maslow's hierarchy esteem is considered a high–order need, to establish that
you must meet other needs like physiological needs, a sense of safety, and belonging. When those
needs are not met the person will lose their self–esteem. People in America during this time
struggled with their self–esteem and they had difficulty when trying to find purpose. That struggle
results in broken families, and an increase in the homeless population. The inability to find jobs
violates the sense of financial safety associated with Maslow's hierarchy. During this time it wasn't
just the homeless and downtrodden that felt ashamed it was also the people providing relief to them,
due to the prodding required. Prior to the Great Depression life was one of excess and buying on
credit for most Americans. They had a certain persona that they wanted to show off to people. Most
Americans compared themselves to their neighbors as a gauge of how well they were doing. Then
one day the money that they associated with their self–worth was gone. People of course panicked
and realized that what they held so

Great Depression And The Great Recession
The "Great Depression" and the "Great Recession" are two of the darkest times in American history.
There is much debate about the cause of the Great Depression and how it differed from the cause of
the Great Recession. Many people believe that the stock market crash of 1929 played a major role
the Great Depression. On the other hand, the stock market crash of 2008 drove America into the
Great Recession. The causes of stock market crashes are often unforeseen, but many have detectable
indicators. There are many differences between the 1929 stock market crash and the 2008 stock
market crash, but we can learn more from the similarities between the two. The credit boom of the
1920's is one of the things that contributed most to the stock market crash on 1929 and then the
eventual cause of the Great Depression. "We find that the credit boom view provides a useful
perspective on both the boom of the 1920s and the subsequent slump. In particular, it directs
attention to the role played by the structure of the financial sector and the interaction of finance and
innovation." (Eichengreen) As many people know today, having a credit card and going shopping
without realizing exactly how a credit card works can put the user in a tough situation. After a
person puts something on credit they must pay it back at a later date. In the 1920's the "credit boom"
was where people had started to use credit more frequently and were getting carried away with the
idea of credit. People putting more

The New Depression : The Great Depression
The Great Depression: The New Deal The Great Depression was a period of great economic crisis in
American history. It started in 1929 and continued until 1939. There were many causes of the Great
Depression, but the most significant of all was that the government did not have much intervention
in the economy. Herbert Hoover, the president at that time, decided to stay put and allow the
recession to take its path because the government did not really know how to help the nation. This
decision ended up creating bigger problems and a deeper hole for America to fix. Hoover was
blamed everywhere for the crisis and everyone awaited the 1932 presidential elections, hoping there
was someone who could fix the economy. Franklin D. Roosevelt won the presidency in 1932 by a
landslide because of his charisma and plan for helping America. His plan was called the New Deal,
and even though Roosevelt did not know exactly what it would do, the people were sure that he
could help the country. The New Deal was the best option for our country for economic recovery
during the time of the Great Depression because it provided aid to the citizens, established
government presence, and it ultimately reformed the economy.
The New Deal was the best option during the Great Depression because it provided aid to many
helpless American Citizens. People were homeless, moneyless, jobless, and without food and there
was nothing to help them, until the New Deal. The unemployment rate for citizens in

The Depression Of The Great Depression
In 1929 the stock market crashes due to an unstable economy, over speculation and Government
policies. Many people think that the stock crash was to blame for the Great Depression but that is
not correct. Both the crash and depression were the result of problems with the economy that were
still underneath society 's minds. The depression affected people in a series of ways: poverty is
spreading causing farm distress, unemployment, health, family stresses and unfortunately,
discrimination increases. America tended to blame Hoover for the depression and all the problems.
When the 1932 election came people weren't very fond of Hoover, but Roosevelt on the other hand
introduced Happy Days and everyone loved that idea. After the Depression Hoover had some
strategies he used to try and fix the economy, but they did not play out as smoothly as he would
have liked them too. Roosevelt 's approach to fix the economy was more uplifting to the people in
almost every aspect. Even their campaign songs, Roosevelt's was about Happy Days coming again,
and Hoover's was about the depression. Roosevelt proposed a "New Deal" to the people and manny
clung to it. His deal was that he was going to start experimenting with government roles. WHat he
means by this is that he promises to increase government help and use the power of the government
to address the people's issues. Although, he did not explain how he was going to fix things such as
unemployment and and improving the stock market in

Great Depression
Most everyone has at least heard of the Great Depression that hit America by storm in the early
twentieth century. Even though people are taught about the Great Depression, I personally think that
a lot of people do not understand the severity that it caused and the livelihoods that it forever
changed. The Great Depression, which lasted over a period of ten years, resulted in a lot of
heartache for many nations worldwide (Fraser, 2010). As for the United States, the worst of the
Great Depression harbored between 1929 through 1933 (Fraser, 2010). The Great Depression went
down into history as being the worst traumatic economic moment for the United States (Paul
Evans). It is still recognized for being the longest and severe depression that ... Show more content
on Helpwriting.net ...
Along with the stocks and bonds, there was also a high demand from foreigners wanting American
goods. This occurred because the deflation from the United Sates made it so appealing to foreigners
(Romer). On the other hand, because there was such a low income from Americans it reduced their
demand for foreign products (Romer). Unfortunately other countries were trying to maintain an
international gold standard in order to continue to meet the monetary contraction that was occurring
in the United States (Romer). Sadly, this resulted in the deterioration of output and prices throughout
countries all over the world. This downturn of other countries started looking like the one occurring
in the United States (Romer). Banking panics along with financial crisis started occurring in other
countries around the world, not just in the United Sates (Richardson, September 2007). By forcing
countries to deflate, the gold standard reduced the value of bank's collateral and made them more
vulnerable to bank runs (Romer). Due to the overwhelming panics in banks and other financial
market disruptions, countries globally experienced a tremendous depression in output and prices
(Paul Evans).
One of the last assumed causes of the Great Depression is the international lending and trade
(Romer). During the mid–1920s foreign lending to Latin America and Germany had expanded
greatly (Paul Evans). By 1928

Great Depression
Great Depression From Wikipedia, the free encyclopedia {draw:frame} Dorothea Lange's Migrant
Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, age 32,
a mother of seven children, in Nipomo, California, March 1936. The Great Depression was a severe
worldwide economic depression) in the decade preceding World War II. The timing of the Great
Depression varied across nations, but in most countries it started in about 1929 and lasted until the
late 1930s or early 1940s.[1] It was the longest, most widespread, and deepest depression of the 20th
century, and is used in the 21st century as an example of how far the world's economy can decline.
[2] The depression originated in the United States, ... Show more content on Helpwriting.net ...
Recession cycles are thought to be a normal part of living in a world of inexact balances between
supply and demand. What turns a usually mild and short recession or "ordinary" business cycle into
an actual depression is a subject of debate and concern. Scholars have not agreed on the exact causes
and their relative importance. The search for causes is closely connected to the question of how to
avoid a future depression, and so the political and policy viewpoints of scholars are mixed into the
analysis of historic events eight decades ago. The even larger question is whether it was largely a
failure on the part of free markets or largely a failure on the part of government efforts to regulate
interest rates, curtail widespread bank failures, and control the money supply. Those who believe in
a large role for the state in the economy believe it was mostly a failure of the free markets and those
who believe in free markets believe it was mostly a failure of government that compounded the
problem. Current theories may be broadly classified into three main points of view. First there are
the monetarists, who believe that the Great Depression started as an ordinary recession, but that
significant policy mistakes by monetary authorities (especially the Federal Reserve), caused a
shrinking of the money supply which greatly exacerbated the

Depression And The Great Depression
My great grandmother, Mildred McClellan–Vanarsdale, lived through different historical events in
the African American community. "If there is no struggle there is no progress," a famous quote
spoken by the great Fredrick Douglass. It explains that some situations need to have a struggle in
order to prosper. The African Americans that lived in the time period of the thirties to the two–
thousands understood every event that took place.
The Great Depression was a big event that took place before the birth of my great grandmother. The
Great Depression had a huge impact on Mildred's parents. My great grandmother was born in 1938,
which was the end point of the Great Depression. It was a period of a huge economical downfall in
the United States. It was ranked the worst and also the longest period of unemployment being high.
("Great Depression Facts") The president during The Great Depression was Herbert Hoover. The
Reconstruction Financial Corporation was created by him as an attempt to help the financial
problem ("Great Depression Facts"). It did not help very much. October 24,1929 was the day the
stock market crashed in America. It was later known as "Black Thursday". On October 29,1929,
stocks were being traded for falling prices. This day was later known as "Black Tuesday". Fourteen
million dollars were lost on "Black Friday" and thirty million were lost in that entire week ("Great
Depression Facts"). The stock market was the first sign of The Great Depression. Franklin

Great Depression is one of the most important periods in modern US history. It began with the
global economic crisis in 1929, which affected most of all the United States. The acute phase of the
crisis dragged on for three years from 1929 till the beginning of 1933. From 1930 until 1939 the
economy of the country could not overcome the crisis and recover. Therefore, this period was called
the Great Depression, because of its duration and serious consequences for society.
The war gave rise to prosperity, both real and illusory. It was real, because the warring European
powers demanded during that period, that the cost of wheat, cotton, corn, livestock products should
rise, and they wanted US to be the only country, that can be a manufacturer. Deficiency of sea
transport made inaccessible markets of Australia and Argentina. The US government encouraged
farmers to increase production, to expand the acreage that eventually allowed them to get rich. There
was a slogan, "The war will be won with food." And this is true, the Allied victory was built on
food. And suddenly, by the end of 1920 the agriculture crisis hit. The crisis dragged on and took a
dramatic turn. In 1921, Dakota and Nebraska farmers burned their corn, the only thing that they
could use was fuel. Those who raise sheep, wool traded on the shirts and socks. Exports of wheat
decreased. Experts believe that stagnated, no doubt, temporary: it is necessary to be patient and
everything will be restored. Farmers spent,

Great Recession And The Great Depression
GREAT ECONOMIC TIMES IN AMERICA
The Great Recession and the Great Depression are the fallout of the exact same economic problems
and are only different in a few respects. Each period is marked by a massive run ups in asset prices
followed by a crash in the stock market and sent both debt and equity markets down. These periods
are said to be the worse economic downturn in the country's history. During the great depression, as
banks failed and threatened to shut down the financial system altogether, President Franklin
Roosevelt moved quickly and effectively to address the most dangerous financial crisis of the Great
depression. The massive stock market collapse that began in October 1929 erased massive amounts
of wealth and because many banks had invested heavily in the markets, and had lent recklessly to
speculative investors, the banks found themselves without sufficient capital and in many cases
without reserves. He created the New Deal which responded to an unemployment rate that had
reached 25 percent, and in some cities as much as 75 percent. He signed the Emergency Banking
Act, which allowed inspectors to evaluate troubled banks and decide whether or not they could
reopen. The Glass–Steagall Act created a barrier between commercial and investment banking and
established the Federal Deposit Insurance Corporation, which guaranteed that citizens would not
lose their bank deposits even if a bank failed.
"Hooverville" was a name created after President Hoover, emphasizing

The Great Depression was one of the most devastating events recorded in history. The nation as a
whole plummeted in one economic downfall. Few individuals escaped the effects of the depression.
The hardship of unemployment and the loss of homes and farms were a large portion of the pain
caused by the economic crisis. Through all of these sufferings, women had a large impact on society.
Women faced heavy discrimination and social criticism during the Depression Even though through
research it is proven that women helped nurse the nation back to health, many do not know of the
aid of these strong women. Women had the task of keeping their family together when the principal
moneymaker of the family was out of work. These women had to be creative with what they had.
They could not create extravagant meals for their families anymore, but they made do with what
they had. Many women joined the work force and would do jobs that men refused to do. These
women worked as hard as they could to support their families during this difficult time despite the
opinions of society. Essentially, the assistance of women went invisible for long years during and
after this era. Things that once were of great importance no longer were, women's roles during the
Great Depression were practically outdated. In all actuality, women benefited society during the
Great Depression much more than they have received credit for.
Working Women The Depression pushed more women into the work force than ever

There are many events throughout America's history that are both significant and world famous.
However, none were quite so traumatic or had such far–reaching consequences as the Great
Depression. This experience was the most extended and severe depression of the Western world. It
was an economic downturn that began in 1929 and lasted until 1939. A large amount of America's
labor force lost their jobs and suffered during this crisis. During the nation's financial disaster,
Franklin Delano Roosevelt became president and made extensive changes to America's political
structure. The effects of the Great Depression had lasting consequences that are still being felt to this
day.
To have a full understanding of this important event, first one must examine what caused the
Depression. While the United States had been enduring a gradual monetary decline for some time,
known as a recession, an occasion called Black Tuesday was the true inception of the nation's
collapse. Black Tuesday, occurring on October 29, 1929, was when the Stock Market crashed. This
caused a panic on Wall Street as stock shares became worthless and investors were dropped. This
caused a chain of steadily worsen events to occur as consumers cut back on spending, as people
stopped investing, and as factories and business began firing employees. The value of money fell
considerably and those who were lucky enough to still be employed received sharp wage cuts.
Worse yet, banks failed across America and many citizens

The Great Depression : The Causes Of The Great Depression
The Great Depression lasted from 1929 to 1939 and was the worst economic worsening in the
history of the industrial world. It began when the stock exchange crash of October 1929, that sent
Wall Street into a panic and drained variant investors. Over future many years, shopper
disbursement and investment born, inflicting steep declines in industrial output and employment as
failing firms set off employees (Young, William H. and Nancy K. Young). By 1933, once the
Depression reached its lowest purpose, some fifteen million Americans were jobless and nearly 0.5
the country's banks had to fail. Some of the effects include stock market crash, bank failure,
reduction in purchasing, american economic policy, smoot–hawley tariff, and drought conditions.
On October 24, 1929, as nervous investors began merchandising expensive shares as a group, the
stock exchange crash that some had feared happened eventually. A record twelve.9 million shares
were listed that day, referred to as"Black weekday. Five days later, on October twenty nine or "Black
Tuesday," some sixteen million shares were listed once another wave of panic swept back Wall
Street. Uncountable

Great Depression Myth
The article compares the myths about the Great Depression and the reality about the depression.
According to the article, the Great Depression is viewed as one. However, the reality as indicated in
the article are that there were four factors that contributed to the Great Depression. Factors in this
case refer to the areas of the economy that failed all of which led to the Great Depression. They
occurred in phases and hence as opposed to the myth that it occurred as one Great, Great, Great,
Great Depression, it occurred in four phases (Reed, 2012).
As noted in the article, policies in the business cycle is one of the factors that aided the great
depression. In the article, it provided that from the year 1921 to mid of the year 1929 there is a 60%
increase in the money supply (Reed, 2012). As a result, there was an inflationary effect that was
considered by the then government of the United States of America a threat to the economy. The
government was thus to intervene to save the economy.
It utilized contractionary monetary policy with an aim of reducing the amount of money that was
circulating in the hands of the public. The specific strategy that the government commenced was to
increase the interest rates ... Show more content on Helpwriting.net ...
For instance, at a personal level I have acknowledged that use of policies inappropriately by relevant
stakeholders in the economy in attempts to correct the situation when it first went wrong worsened
the situation. For instance, the contractionary monetary policy undertaken by the government to
counteract the inflationary effect caused by the increased money supply was not effectuated
accordingly and as a result, led to depression due to reduced investments and reduced productivity
by industries. In addition, can be determined from the article while the government appeared to be
putting measures in place to correct the situation, its action actually worsened the situation in some

Depression In 1984 : The Causes Of The Great Depression
The Great Depression in 1984 The Great Depression was a crisis that greatly impacted our country's
economy. This event was due to the crash of the stock market. A stock market can be described as
the act of trading stocks and bonds. The event leading up to The Great Depression was called the
Roaring Twenties. The Roaring Twenties was a time of wealth and prosperity. The Roaring Twenties
was all about having fun and good times. Then Americans all over would face the toughest times of
their lives. The Great Depression was a crucial point in American history that caused the loss of
Americans' jobs, homes, and pay checks. The cause of the Great Depression was a build up of many
events. One of these events was the urgency of banks to be opened and the government's lack of
control of the banking system. Then on October 29, 1929, the stock market officially crashed.
According to an excerpt from the Gale Encyclopedia of U.S. History, " During the Great Depression
millions of people were out of work, which then lead to the increased popularity of breadlines and
soup kitchens" (). During the same time as the Depression, a drought occurred on the Great Plains,
which drove migrants looking for work in California to make better lives for them and their
families. The Depression lead to malnourishment, a common issue amongst young children, which
then lead to lack of basic necessities. Farmers were better off because that they could support
themselves and their families

"Severe despondency and dejection, typically felt over a period of time and accompanied by feelings
of hopelessness and inadequacy". That my friends is the true definition of of what the Great
Depression really was. It was a time that most people want to never remember or ever happen again.
You would think the United States would have learned from their mistakes but it seems we are going
down the same road once again without even taking a step back and realizing it. When people talk
about the Great Depression not a single person will have anything good to say about it. It caused
families a great deal of pain that they will never forget. With the "prices of farm products falling
about 40% by 1921 and remaining low through the 1920s" it ... Show more content on
Helpwriting.net ...
If they would have just produced what they needed maybe things wouldn't be so bad. But all the
people are going to do is point their finger and blame the government which may be true but other
things are the main cause of this also. Over production, and also "wages for workers were not rising
enough for them to buy the goods" causing people to not even afford rent or to afford to buy food
for their own families. This also brings up the issue of "self–blame and self–doubt." "Since men
were expected to provide for their families, it was humiliating to have to ask for assistance" and this
caused their children and wife to have to help provide income. These are just a few things we all
need to see and realize are the real issue but we all know that will never happen. People are always
in denial. At this time everyone was desperate for any kind of job and didn't matter what it is. Who
would think they would want to pick cotton but the people were that desperate and it can never
could be as simple as giving people a job without other people having to suffer causing African
Americans to suffer more than whites. "In 1930, 50 percent of blacks were unemployed" and people
didn't even think anything of it. Roosevelt tried to stop discrimination but we all know at this time
down South was a lost cause for stopping racism. Not only that but people practically

The Great Depression Essay
Many adolescents, In the Great Depression, received the full affects and suffered. Some were left
hungry, impoverished, and hopeless, how are adolescents today compared? The 30's were a time of
great distress for many Americans. Events such as the stock market crash, an economy suffering
from being inflated, overuse of credit, a farming crisis, and other events led America to the
economic downfall known as the Great Depression. During the great depression, the unemployment
was high, the wages were low, lines stretched around the city for food, families that lost their house
had to live in makeshift homes in communities called hoovervilles, and children had to stop school
to work for money. Teens effected by the Great Depression worked ... Show more content on
Helpwriting.net ...
Today, we live very different social lives than teens during the Great depression. Teens today are
very social to other people; we interact with others by Email, mobile phones, social network sites,
and attending school. Today, teens are very concentrated in their social life, you can see many teens
on the computer using Facebook or using their phones to text their friends. With these new
technologies, we can communicate to friends without being next to each other or writing letters.
Teens interact with adults by talking to teachers, parents, and ordering food at restaurants.
Teens now and teens in the great depression compare culturally in numerously. Adolescents during
the great depression would find a ways to escape the horrors of the depression without spending too
much money. Teens would play sports, board games, playing cards, listened to the radio, watched
movies, and listen to jazz music. Sports like baseball and football were enjoyed during the great
depression, new board games such as scrabble and monopoly were widely played, and card games
like whist and bridge passed the time. They would listen to news broadcasts, sports, dramas, radio
shows on the radio. Teens and all people would attend movies at the movie theater, movies like
Gone with the Wind and those starring Shirley Temple were adored. Walt Disney's animated movies
also came during the Great Depression, films like Snow White and the Seven Dwarfs were some of
his work during

Personality, Depression, And Uncertainty In The Great...
Uncertainty in the Great Depression
The Great Depression is associated with many images and ideas: stock brokers frantically selling,
families waiting in bread lines, Franklin Roosevelt's presidency, people hunting for any source of
income, and many others. Obviously, the Depression meant different things to different people, and
it is difficult to generalize about their experiences. However, there are some experiences that almost
everyone who lived through the depression shared. Perhaps the most widely–experienced feeling
among ordinary people during the Great Depression was uncertainty, including questions about
economics, the definition of success, morality, and politics. Although very few Americans had
experienced uncertainty of the level the Great Depression brought, ordinary people had lived with
uncertainties for their whole lives. In fact, the years leading up to the Depression conditioned many
people to accept some high risks and uncertainties as a part of life, even as a requirement for a life
well lived. In the 1920s, books, magazines, and newspapers portrayed heroes with the traditional
virtues of intelligence, self–control, generosity, and other timeless qualities. However, almost every
hero started with or achieved material wealth in addition to their moral qualities. These media
sources built on the tradition of the Protestant work ethic to equate economic success with a good
work ethic and general morality. This gave ordinary people an extra motivation to

I've always been a man who believes hoping a bad situation will "fix itself", should never be the
solution to said dilemma. President Herbert Hoovers policy on "voluntarism", as opposed to
Presidential elect, Franklin Roosevelt's policy on government funding to improve the maladies of
the distressed U.S citizen; would have deterred me as a voter, for republican re–election.
Additionally, I can indubitably see myself as an advocate for the common mans plight (no matter
what class I belonged to); rather than Herbert Hoover's tenet on helping big business, in hopes that
in turn they would help out their employees. Also, the high tariffs placed on foreign imports during
the Hoover administration would have contradicted with my views of ... Show more content on
Helpwriting.net ...
When the Great Depression ended the era of the golden twenties, President Herbert Hoover passed
an act that began a detrimental domino effect, which resulted in two major breakdowns in
international trade. The Hawley–Smoot act of 1930 raised the tariffs from 38.5 to 60 percent,
justifying this act on the basis of protectionism, Herbert Hoover lost sight of the "big picture"; by
approving the tariff he not only made it even more difficult for foreign countries to pay their debts
off to the united states, he also initiated a type of "tariff war", when the foreign countries in response
raised their taxes on U.S imports. This act not only hurt international trade and began economic
warfare between allies; it also promoted an international political distrust between them. Franklin
Roosevelt helped remedy this bureaucratic blunder in 1934 by passing the Reciprocal Trade
Agreements Act, under this act the president was allowed to negotiate bilateral, mutual agreements
between countries on trade. What this meant is that the president could negotiate a fair agreement in
trade policy with other countries and instead of waiting for a two thirds congress vote it now only
had to wait for a majority vote; this act revolutionized the process of trade policy with foreign
countries. Another Roosevelt campaign promise that would have appealed to me as a voter in those
times, would have been the "New Deal" plan

Before the crash
Before the start of the great depression the United States was a country of great economic wealth,
with new technology being invented and a boom in industry.
Due to a boom in America's Industry because of World War One the economy was at an all–time
high with a tremendous amount of prosperity. Following the end of world war one the industrial
might that America had was being used for peaceful, domestic purposes instead of being used for
violence and war. New technologies like cars, refrigerators were invented as well as a breakthrough
in medicine with insulin and penicillin being discovered. Because of this industrial boom there were
more city jobs, thus the population started moving off the farms and into the cities due to their being
higher wages in the city. This led to there being less people living and working on farms which
caused America's wealth to double between 1920 and 1929.
Racism was also at a high through the 1920's. The Khu Klux Klan, which was a white supremacy
group remerged in the early 1920's which caused tension between the white and black races. This
led to a wave of violent outbreaks that caused the peace between the two races to get further and
further apart.
Then came the Great Depression in 1929 which will be the main focus of my speech today.
The Great Depression was the deepest and longest lasting economic downturn in the history of the
western world. It all started in 1929 with the wall street stock market crash of October

The Great Depression : The Causes Of The Great Depression
The Great Depression to place in the 1930's, wreaking havoc on America's economy. It cause
unemployment, poverty, homelessness, and a loss of a lot of money, including people's life savings.
Many things lead up to it, but one of the main ones was the stock market crash. People believed that
the stock market was as stable as could be, but it was very inflated and it crashed. People invested a
lot of their savings into stocks as what was considered a smart move, yet as corporations reached
their limit, everyone pulled their money which caused it to crash. The release of "one–time buy"
products also lead to the crash, because people would buy new products you only needed one of,
and once everyone had them, companies didn't sell as much, therefore making less money, therefore
forced to cut costs, which meant laying people off. This is what lead to the high unemployment
rates. People blamed this depression on the president at the time, Herbert Hoover. They ridiculed
him, by calling shanty shacks hoovervilles and leaving their empty pockets inside out, calling them
hoover flags. The public was more than happy when Franklin D. Roosevelt came into office. All that
American denizens wanted was to make it out of the hard times, make changes in the government,
and get help from them. Unlike Herbert Hoover, FDR took a more hands on approach, giving direct
aid to the public. Hoover believed in rugged individualism, expecting that people should be able to
work together and get through

The Great Depression And Economic Depression
The Great Depression was a worldwide economic depression that took place during the 1930s. The
timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted
until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century.
In the 21st century, the Great Depression is used as an example of how far the world 's economy can
decline.
The depression originated in the United States, after a fall in stock prices that began around
September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 .
Between 1929 and 1932, worldwide GDP fell by an estimated 15%. By comparison, worldwide
GDP fell by less than 1% from 2008 to 2009 during the Recession. Some economies started to
recover by the mid–1930s. However, in many countries, the negative effects of the Great Depression
lasted until the beginning of World War II.
The Great Depression had devastating effects in countries both rich and poor. Personal income, tax
revenue, profits and prices dropped, while trade plunged by more than 50%. Unemployment in the
U.S. rose to 25% and in some countries rose as high as 33%.
Cities all around the world were hit hard, especially those dependent on industry. Construction was
halted in many countries. Farming communities and rural areas suffered as crop prices fell by
approximately 60%. Facing plummeting demand with few sources of jobs, areas dependent on
primary sector industries such as

Instructor: Dr. Line
During the 1930s, which was also called "the Great Depression", banks failed in larger numbers than
at any other time United States history. Almost one–third of the depository institutions in operation
at the onset of the downturn disappeared during the contraction. Therefore, the economic, especially
the bank's system, also was hurt painfully and terribly. Of course, the Pacific Northwest area could
not be out of that list. So the main point is how the Great Depression affects to the Pacific Northwest
in general and Washington State specifically economy especially about the banking system.
First of all, the definition of the "Great Depression" should be understood clearly before the any
further information can be discussed. The Great Depression began in the summer of 1929. In that
morning, "the downturn became markedly worse in late 1929 and continued until early 1933." The
real output and prices fell in a straight line which showed the dropping number in an industrial
production nearly 47 percent and real GDP (which is Gross Domestic Product) fell 30 percent . The
wholesale price index declined 33 percent (such declines in the price level are referred to as
"deflation"). Although, the government had tried to prevent the unemployment rate at one
significant, the rate still exceeded 20 percent at its highest point . Because of no job, money became
the most valuable that they did not want to spend. Though, it was the reason that led to the failure of

Former President Calvin Coolidge said, "In other periods of depression, it has always been possible
to see some things which were solid and upon which were solid and upon which you could base
hope, but as I look about, I now see nothing to give ground to hope– nothing of man" and to some
extent it was true. Americans lost all hope in life entering a deep dark tunnel with no light in the end.
The Great Depression was not something that appeared out of thin air; it grew over time like a tumor
and eventually plagued America with an excessive disease. No decade was more terrifying in the
twentieth century than the 1930s. The stock market crashing, due to people buying stocks on load,
the debts from WWI farmers and consumers in deep debt, and ... Show more content on
Helpwriting.net ...
Furthermore, up to 24,647 trespassers were killed a along with 27,171 being injured on railroad
property (Alva, Danzer, Krieger, Wilson, Woloch 476). As a result of expensive/lack of food, many
children ate very less or not at all for quite some time. 20% of America's children were starving and
without proper clothing for the harsh weather. In some mining regions, the percentage of
malnourished children reached up to 90% (How the Depression Affected Children). Malnutrition
weakens the immune system which is why diseases, such as rickets, increased in children. The
infant rate was at its highest point because of lack of prenatal medical care. The Great Depression
left many children orphaned and abandoned. Those affected are unable to forget this horrific time of
their lives. Lastly, farmers were probably the most damaged during the Great Depression. When
WWI hit, America started producing more food than usual to send over to Europe. Once the War
was concluded, farmers had plenty of goods left over; this caused the price of these foods to
decrease dramatically and made it unable for farmers to pay their rent and mortgage. Along with
farmers receiving no payment for their food, in 1933 a swarm of chinch invaded crops that the
farmers grew leaving nothing to spare. In 1934, a tremendous drought hit the plains, making it quite
problematic to replace crops that the chinch bugs destroyed the previous year. The drought

The 1920's was a decade of discovery for America. As mentioned in "who was roaring in the
twenties? –Origins of the great depression," by Robert S. McElvaine America suffered with the great
depression due to several factors but it managed to stay prosperous at the end. In "America society
and culture in the 1920's," by David A. Shannon there was much more to the great depression. It was
a time of prosperity an economic change. Women and men were discovering who they were and
their value to society in "The Revolution in Morals," by Gilman M. Ostrander. Even if Racism still
existed as mentioned in " The Tribal Twenties," by John Higham, the 1920's still was time of change
that affects people today.
McElvaine describes misdistribution as the main leading cause of the great depression however; he
also states that other factors could have contributed to the overall outcome leading to the Great
Depression. He believed that the great depression began along side with the World War and it
transformed the United States from being a nation in debt to a creditor nation. As the great
depression began, weakness of the international economy and contradictory American economic
policy was to blame. As the wheels of wealth started rolling, internal problems troubled the
American depression more so than foreign problems did. Another aspect that leads to the great
depression as mentioned in the article is the problems with American farmers having overproduction
of agricultural commodities

"The only thing we have to fear is fear itself," is a famous quote once said during the Great
Depression by Franklin D. Roosevelt. After one world war, great financial fallout, and another world
war to follow, the twentieth century was already shaping out to be a handful. When the Great
Depression was coming to an end and the economy was trying to turn around, jobs started opening
up and a new wave of immigrants came into New York, the Puerto Ricans. For some the American
dream was to come to America and start a new life, but for others already here, it was about making
it big in show business. "West Side Story", a twentieth century musical, was greatly influenced by
the immigration during that time.
Before West Side Story was written, there were some major events that occurred. For instance, in
1914 America entered WWI. Then in 1920, women were given the right to vote and women's
suffrage was a big focus of the twenties (Unstend 6). Soon after in October of 1929, the Great
Depression followed, causing massive economic downfall to the United States. Families during that
time were very poor, but millions still went to watch films at local theaters (Unstend 12). One
technological advance was the first television which began in 1936 (Unstend 30). After the Great
Depression hit, WWII came shortly after and America entered the war on December 7, 1941 after
Japan attacked Pearl Harbor (Unstend 18). In 1945, the U.S. possessed the atomic bomb helping to
protect the U.S

The 1930s was one of the most challenging times in US history, where the Great Depression caused
millions of Americans to suffer through hardships because of the economy. Many people were out of
work and unemployed, and the government at the time, believed that the best option was to stay out
of its affairs, leaving the struggling people hung out to dry. It was not until Franklin Roosevelt was
elected president, that the state of the country began to change. And that was due to the creation of
the New Deal; a plan to alleviate the state of the country, providing help through increased
government spending and programs, that led to its eventual recovery after the second World War.
Many have argued that the New Deal was unconstitutional and violated the rights of government
power. Roosevelt responded to these arguments speaking of political and economic inequality
claiming that "these economic royalists complain that we seek to overthrow the institutions of
America. What they are really complain of is that we seek to take away their power. Our allegiance
to American institutions requires the overthrow of this kind of of power" (Voices of Freedom, 169).
He believed that those who disagreed with his programs sought to protect their own economic
interests. The New Deal and its programs assisted so many suffering at the time, and helped save the
nation by throwing the people a lifeline, giving them hope for the future as opposed to the
alternative which, proven by Herbert

Great Depression During The Depression
Great Depression DBQ The Great Depression, however inevitable, took people by surprise when the
stock market crashed in 1929. At first people did not fully understand the state of the economy, they
could not wrap their heads around the transition from popping champagne bottles to eating bread
crumbs for dinner. People were expecting a quick fix to the problem, assuming their lives to go back
to normal after a few months, ultimately underestimating the situation America was in. As a result,
no one was prepared to properly combat the extreme shortage of food, jobs, and money in the years
to come. One of the first resources to go during the depression was food, partially due to the lack of
money to afford it and the almost impossible production of it due to the Dust Bowl. During the early
stages of the depression people were still holding out for a miracle to revive their economy because
of this many individuals tried to live as they did before instead of trying to conserve food for later,
ultimately exhausting their pantry. A photograph taken by H.W. Felchner in 1932 depicts a long line
of people wrapping around a corner waiting for a meal at a restaurant. The picture also accurately
illustrates the desperation of the people in like waiting for anything to eat, as they ate all their food
at home. Because many of the American People were not prepared for the depression to strike, and
some were just in plain deniable of the current situation, most of their

Was The Great Depression: Was The Great Depression...
Was the Great Depression inevitable The Great Depression of 1929 was One of the worst time in
American history.There are many different views about the reasons of the Great Depression.As for
me,I think this depression is inevitable.My reasons are as follows. In economic,the 1920s "boom"
enriched only a fraction of the American people,and the farmers and industrial workers shared
little.The boom was established on the unstable basement.Some monopolic organazations controlled
the economic of country,which creating the distrIbution unequally among the citizen.Also,the
distance between rich and poor was farther and farther.On the one thing,capitalist coverd higher
profits than others.On another thing,most of the working people were poor

The Great Depression : The Greatest Depression
The Great Depression was one of the lowest points ever seen in history that began in 1929 and
lasted until 1939. It can be defined as an economic slump in North America and Europe, along with
other industrialized areas of the world. The Great Depression was the longest, most severe
depression ever seen, and experienced by the newly, industrialized Western world. Although there
are pros and cons, as it brought in deep social and personal problems as well as a new introduction
to thought and culture. Today, economists still argue on what really caused The Great Depression.
Today, still there is a minimum understanding on what caused the Great Depression, although there
are many theories. In the Unites States, the Great Depression began soon after the stock market
crash of October 1929, which sent Wall Street into great panic and wiped out millions of investors.
Also many banks failed and went bankrupt, others were forced out of business when depositors
began to panic and withdraw money. Furthermore, these failures and panics almost completely shut
down the entire country's banking system. In 1929, there was an increase in the amount of poor
people, which led manufacturers to lay off thousands of people, thus creating a greater amount of
poor people. The industrialized world was still new, and not everyone knew how to handle it. For
instance, farms began to fail because they were producing too much for such a low price; and
eventually due to nature these farms began to dry

The Great Depression Caused The Depression
The Great Depression began during October 1929 and ended during 1939. President Herbert Hover
was the president of The Great Depression the causes of the depression has many different factors
that played into it. When Wall Street crashed during 1929, approximately 10 to 15 billion dollars
were lost because the prices of the stock market which started to decrease rapidly in just 24 hours.
Many of the causes of The Great Depression were that there were a lot of overproduction of
consumer goods which resulted in the decrease in demand, another reason was that there were many
bankruptcies and high level of debt, and finally in 1932 the Dustbowl which hurt farmers ' crops
destroying land and causing people to either become employed and or even homeless. During the
Roaring Twenties, the Middle–Class Americans live life really happy and had a lot of luxury goods.
Industries have also had an economic boom during the 1920s. Many people in the middle class had
lots of things to do that were exciting, new ideas were starting to develop and people felt invincible
and overconfident believing that the age that they are living right now won't ever go away or ever
end. The main reason why people called it the Roaring Twenties was that there was a rise in
consumerism and lots of people were encouraged through media to buy new products and spend
more on things that advertisement persuade them to buy. Advertisements increased sales and with
that knowledge in industries people were

Depression : The Outline Of The Great Depression
The Great Depression wasn't the first depression this country has ever seen, but by far it was the
worst and longest economic decline in history. The Depression officially began on October 29,
1929, which is known as Black Tuesday today; the ripple effect started after the Wall Street Crash of
1929. Wall Street was the banking district in New York where the New York City Stock Exchange
(NYSE) was located (Wroble 14). The Depression lasted for a lengthy ten years. While Franklin D.
Roosevelt was running to become the 32nd president of the United States, he promised to have all
the solutions on how to handle the Depression and get America back to its former beauty. When
Franklin became president on March 4, 1933, he immediately put all his ideas together and called
them The First and Second New Deals, both programs helped repair and restore the nation in
economic and emotional ways. During the 1920s or the "Roaring Twenties," there was monumental
social and political changes. The nation's total wealth more than doubled, so there was lots of money
to be spent and that's exacting what the American people did. One opportunity available for
spending newly gained wealth was purchasing stocks from Wall Street , the banking district for the
NYSE. For a while, buying stocks was something only the rich upper class could participate in but a
new method of purchasing shares called "buying on margin" allowed the middle class to buy shares
of stocks by borrowing the money from a broker

The Great Depression and the Great Recession
Abstract
Economic depression is a state of the economy resulting from an extended period of negative
economic activity as measured by GDP .The great economic depression of the US from 1929–1939
was one of the worst economic depressions in the world economy. The GDP per capita of the United
States fell by a third (Federico 2005). A lot of economic activities went down and so many people
suffered. Even though the depression affect the rest of the world, it has been called the great
depression of the US because it's believed that the US suffered more than any other nation and the
causes are also attributed to have been started in America.
Many things have been attributed to have caused the great depression among them are bank failure,
... Show more content on Helpwriting.net ...
This made American banks to stop lending as a result many European countries evaded to pay their
loans. Hence most of the banks went bankrupt leading to over 9000 banks closing down (Anari
2005).
Most of the bank deposits were not secured therefore when the banks closed down many people lost
their money. Some depositor withdrew their money from banks due to panic hence leading to such
banks running out of business. The remaining banks were not willing to lend anymore because they
were not sure of the economic situation hence they did not provide more loans this lead to fall in
consumption which consequently lead to fall in production and increase in unemployment rate.
Too many poor people.
This looks like a ridiculous reason, but it contributed to the great depression. During the 1920s the
American economy was booming, but there was income disparity and the gap between the haves
and the have not was big. Most of the wealth generated during the boom session belonged only to a
few Americans. According to Cutler (2007) 40 % of the population was living at or below the
poverty level in 1929.
Hence this people could not purchase goods and service also they could not repay the loans they had
borrowed. This lead to reduction in consumption hence many companies had reduced market
therefore they counter reacted by reduction

Paul Von Hindenburg appointed Adolf Hitler Chancellor on the 30th January 1933. The Depression
did play a vital role in this, however other factors such as the Nazis propaganda, the resentment of
the Weimar republic and the political situation of 1932–1933 also contributed to his success.
Before the Great Depression, the Nazis gained 12 seats and 2.6% of the vote in the May election of
1928. Despite this, by July 1932, Hitler gained 230 seats and 37.3% of the vote in the Reichstag.
This is a dramatic increase in popularity and support with much of this success due to the Great
Depression. In October 1929, the American stock market crashed, plummeting the US into a
disastrous economic depression known as the Wall Street Crash. US banks recalled their loans in
order to pay off their debts, but German companies were unable to pay. German business began to
close and millions lost their jobs, as Germany was so dependant on US loans in order to pay their
reparations. The reality of the situation made a mockery of the weak, short–lived coalition
governments in the Weimar constitution as it highlighted that Germany economic recovery was
dependant on US loans and hence Germany was not independent. This enabled the extremist parties
to claim they knew exactly how to solve this crisis and Hitler promised the public an authoritarian
government in which he could achieve Autarky as well as jobs for the thirteen million people now
unemployed. This aspect of unemployment gained Hitler

The Great Depression And Economic Depression Essay
Summary The Great Depression was an economic depreciation in Europe, North America and other
industrialized areas globally that commenced in 1929 and endured until about 1939. The depression
stirred severe effects in the U.S.A that left its economy on the brink of a downfall. The research
investigates the causes and reasons that influenced the great recession in the United States of
America. The causes comprise of the hazardous decline of the Stock Market in that occurred in 1929
which sent the Wall Street in a panic turmoil that wiped out the main investors. Similarly, the
declines of over 9000 banks influence the great depression. Purchasing powers of the population
decreased drastically as the citizens from all walks of life stopped purchasing items due to economic
fears and the fall of the stock market. The nation's financial strategy that increased trade tariffs with
Europe was also a significant impediment that triggered the great economic depression.
International debts were a major aspect as well since the World War drove most European nations
into dept with America. The paper also outlines the reasons that influenced the economic depression
to last long. The depression ended up riddled with stagnated effects that subjected the economy to a
slow recovery process. Economists acknowledge pathological factors to its long lasting tenure. The
fact that governments strategies did more harm than good to the economy riddled the progress
stagnant. The standard forces of

Depression: The Causes Of The Great Depression
Indeed, the Great Depression was not caused by one particular reason, they are many reasons and
they started when the American States became a world creditor, in 1920's. After World war I, the
American State's economy was in a strong state. The country went through a decade called the
Roaring 20's. It was a time where the USA became a world creditor, they updated their modern
technology in order to improve their economy and the Americans appeared to be very wealthy
because they were buying on credit and playing the stock Market. The United State's economy
collapsed because of the reason listed below, Stock Market, Tariffs, Overproduction, Expenditure,
Reckless Speculation and minimal government intervention led to the fall of the American economy.
Herbert Hoover, the man who became The President of the United States by that specific time
claimed declared that ' We in America are nearer to the financial triumph over poverty than ever
before in the History of our land.' but nevertheless their economy still crashed like never before.
The roaring twenties meant a time of partying, smoking, drinking, dancing to Jazz and buying on
credit. Even though buying goods on credit made a lot more money, it was also very risky, because
there was money being owed, the lenders could not be paid and ... Show more content on
Helpwriting.net ...
The stock market was filled with unregulated reckless speculations, which enabled many citizens to
have a shares in companies. By October 29 1929, 12.8 million shares were traded on the Black
Tuesday. 1929 marked the downfall of the market people owning shares started selling their share on
a low income and people who bought their shares with borrowed money were completely ruled out.
By that state, people started going to banks to claim their money but the majority of them did not get
their money because the Bank had no give to give. A huge amount of people lost their jobs and the
beginning of the Great

The Great Depression was a worldwide economic drop that lasted from 1929 to 1939. It was both
the longest and most severe depression to be experienced in the Western world. Although the
Depression first started in America, it spread to other country in the globe and resulted in a decline
in net output, a severe unemployment rate, and a deflation in almost every country of the globe. But
this didn't just affect the economy of the world but it also affected the social and cultural aspects of
the country especially the United States, where the Great Depression ranks only second to the Civil
War as the gravest crisis in American history. The timing and severity of the Great Depression
varied among the different countries. The Depression was particularly long and severe in the United
States and Europe; it was milder in Japan and much of Latin America. Perhaps not surprisingly, the
worst depression ever experienced stemmed from a multitude of causes. Declines in consumer
demand, financial panics, and misguided government policies caused economic output to fall in the
United States (Christina D. Romer). During this time the gold standard (which was a monetary
system in which the standard economic unit was a fixed amount of gold) was linked to nearly all the
countries of the world in a network of fixed currency exchange rates, this played a key role in the
fall of America and other countries. The recovery from the Great Depression was urged by the
abandonment of the gold

Great Depression Thesis

Recommended

Recommended

More Related Content

More from Jan Champagne

More from Jan Champagne (20)

Recently uploaded

Recently uploaded (20)

Great Depression Thesis