Preview
Preview

Essay on The Great Depression

:: 7 Works Cited
Length: 1596 words (4.6 double-spaced pages)
Rating: Blue      
Open Document




- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The Great Depression
When a person hears the words “The Great Depression,” almost everyone thinks of the worst economic times in the United States. The Great Depression started in the late 1920s and continued on until the early 1940s. It is known as being “the deepest and longest-lasting economic downturn in the history of the western industrialized world” (History.com). We can learn from the occurrences during The Great Depression that government involvement is the deciding factor of whether an economy will expand or continue to shrink during a recession.
The 1920’s, also known as the Roaring Twenties, were fantastic times for the economy. People were buying extravagant things such as automobiles, and investing in the stock market in order to make big money. Many of the new, expensive things that people purchased were bought on credit. People even bought stocks “on margin,” which means with borrowed money. All this extravagance would soon disappear and everything people bought on credit or margin would soon come back to haunt them.
October 29, 1929, what would later be known as “Black Tuesday,” was the day that the stock market crashed and The Great Depression started. The stock market prices had continually gone up and up to a point where there was no possible way that businesses were going to make that much in their future earnings. Investors began to sell their stocks in large quantities. Around 16 million shares were sold just on “Black Tuesday”. Because of this, millions of shares ended up becoming worthless. Those investors who had bought their stocks on margin ended up becoming completely wiped out because of this day. Personal investors were not the only people to invest in the stock market; banks also did. Banks inve...


... middle of paper ...


...yees. In the case of The Great Depression, there was a demand for production because World War II started.



Works Cited

"The Great Depression." PBS. PBS, n.d. Web. 1 Nov. 2013.
"Timeline of The Great Depression." PBS. PBS, n.d. Web. 1 Nov. 2013.
Smiley,Gene. "Great Depression." The Concise Encyclopedia of Economics. 2008. Library of Economics and Liberty. Web. 2 November 2013. .
Nelson, Cary. "About the Great Depression." Modern American Poetry. Modern American Poetry Site. N.p., n.d. Web. 4 Nov. 2013.
Rosenberg, Jennifer. "The Great Depression." About.com 20th Century History. About.com. N.p., n.d. Web. 3 Nov. 2013.
Taylor, Nick. “A Short History of The Great Depression.” Times Topics. New York Times. N.P., n.d. Web. 4 Nov. 2013
“The Great Depression.” History.com. History.com. N.p., n.d. Web. 5 Nov. 2013




Click the button above to view the complete essay, speech, term paper, or research paper

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »







This essay is 100% guaranteed.


Title Length Color Rating  
The Great Depression and the New Deal Essay - Great Depression The Great Depression and the New Deal In response to the Stock Market Crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous President, Hubert Hoover. Hoover allowed the country to fall into a complete state of depression with his small concern of the major economic problems occurring. FDR began to show major and immediate improvements, with his outstanding actions during the First Hundred Days. He declared the bank holiday as well as setting up the New Deal policy....   [tags: Great Depression] 986 words
(2.8 pages)
Strong Essays [preview]
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....   [tags: The Great Depression ] 1059 words
(3 pages)
Good Essays [preview]
Essay on The Great Depression - The Great Depression When a person hears the words “The Great Depression,” almost everyone thinks of the worst economic times in the United States. The Great Depression started in the late 1920s and continued on until the early 1940s. It is known as being “the deepest and longest-lasting economic downturn in the history of the western industrialized world” (History.com). We can learn from the occurrences during The Great Depression that government involvement is the deciding factor of whether an economy will expand or continue to shrink during a recession....   [tags: Economy, Great Depression ]
:: 7 Works Cited
1596 words
(4.6 pages)
Powerful Essays [preview]
The Great Depression and the Dirty Thirties Essay examples - There were many causes of the Great Depression (need help on the first sentence). Yes, the stock market crash was a main reason of the Depression, but it actually began long before that, with the Roaring 20’s. With such a large disparity between the rich and the poor, the overproduction of goods (too much too quickly), and people racing to buy stocks, it was only fitting that it would soon come to an end. Before it actually crashed, the stock market played an important factor leading up to the Great Depression as well....   [tags: great depression, roosevelt]
:: 4 Works Cited
999 words
(2.9 pages)
Better Essays [preview]
Essay on The Ingredients of the Great Depression - The Great Depression originated in the United States with the stock market crash on October 29, 1929. The depression was the biggest economic fall in American’s history. This crash stretched throughout the globe and affected the rich as well as the poor. There were many causes that assisted in bringing the depression into existence. However one of the main causes was the disproportionate riches during the nineteen-twenties. The gap between the rich and the working class people was the enlarged industrialize production during this period....   [tags: Great Depression, USA, history,] 539 words
(1.5 pages)
Good Essays [preview]
Causes of the Great Depression Essay examples - In the 1920s, American economy had a great time. The vast majority of Americans in 1929 foresaw a continuation of the dizzying economic growth that had taken place in most of the decade. However, the prices of stock crested in early September of 1929. The price of stock fell gradually during most of September and early October. On “Black Tuesday” 29 October 1929, the stock market fell by forty points. After that, a historically great and long economic depression started and lasted until the start of the Second World War....   [tags: great depression, USA, history, ] 653 words
(1.9 pages)
Better Essays [preview]
A Comprehensive Examination of The Far-Reaching Effects of The Great Depression - The Depression affected the varying economic and social classes in different ways. The experience of the Depression obviously had a negative impact on the country as a whole but some groups of society were still able to flourish. In addition to economic and social class, geographic location also played a role in experience of Americans during the Depression. Those unlucky citizens that lived in the Great Plains states were also dealing with the effects of the Dust Bowl during this time. Some citizens were lucky enough to find themselves working in Depression proof jobs such as the cigarette and shoe manufacturing industries (Kennedy, p....   [tags: The Great Depression]
:: 2 Works Cited
1349 words
(3.9 pages)
Strong Essays [preview]
Essay about Understanding the Great Depression - It was in 1929 that industrial production declined, business slumped and depression began in the United States. Rising unemployment, falling incomes, increasingly underutilized capacity, the drop in primary-product prices and the collapse of international trade combined to depress the international economy. Property owners felt depressed because their assets were shrinking, manufacturers had to deal with declining sales, building operators experienced a crippling lack of demand, railroad managers were desperate because fewer people utilized the rails, farmers were ruined by deflated prices, wage-earners were facing unemployment and successive wage cuts....   [tags: Great Depression Essays]
:: 6 Works Cited
2827 words
(8.1 pages)
Research Papers [preview]
Causes Of The Great Depression Essay -      In 1929 the stock market crashed, triggering the worst depression ever in U.S. history, which lasted for about a decade. During the 1920s, the unequal distribution of wealth and the stock market speculation combined to create an unstable economy by the end of the decade. The unequal distribution of the wealth had several outlets. Money was distributed between industry and agriculture within the U.S.; in social classes, between the rich and middle class; and lastly in world markets, between America and Europe....   [tags: Great Depression History Economy Essays] 1684 words
(4.8 pages)
Powerful Essays [preview]
Great Depression Essay - The Great Depression During the 1920’s America was experiencing great economic growth. As WWI was ending Americans were out of energy. For almost 100 years they had been facing the problems of sectionalism, civil war, reconstruction, imperialism, and WWI. By the end they were ready to just sit back and party. Demand sky-rocketed and brought great economic growth. Americans failed to see the great problem looming overhead though. The Great Depression was caused by a combination of factors- a natural slowdown of the business cycle, weaknesses of the 1290’s economy magnified the slowdown, the republican response failed to help, a great environmental disaster, and the collapse of the world eco...   [tags: US history great depression 1930] 1172 words
(3.3 pages)
Good Essays [preview]