The Great Depression Essay
analytical Essay
1508 words
The Great Depression was the deepest and longest-lasting economic downfall in the history of the United Sates. No event has yet to rival The Great Depression to the present day today although we have had recessions in the past, and some economic panics, fears. Thankfully the United States of America has had its shares of experiences from the foundation of this country and throughout its growth many economic crises have occurred. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors ("The Great Depression."). In turn from this single tragic event, numerous amounts of chain reactions occurred.
Something that may come to everyone’s mind now days and the number one thing that is looked at after a presidential election and every New Year is stock. Stocks determine the health of the economy, the money people are willing to invest, take risks on and win back or lose, but because of the crash, it discouraged people from investing in stocks and instead a huge amount of withdrawals happened leading to the economic collapse that occurred. The U.S government began to worry it would run out of gold because everyone began to turn the couple dollars they still had into gold so the Federal Reserve decided to increase the value of the dollar. Banks began to fail and lose savings; people had to withdrawal the money they had left, leaving banks no other choice but to shut down.
In turn everything in the present and the future is judged through the stocks as they hold a high importance in industrialized economies showing the healthiness of said countries economy. As investing discourages consumer spending over all decreases, it lead...
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...lity and pensions for old age, which wasn’t there before and thanks to The Great Depression helps out all Americans that need economic relief while taken advantage off sometimes Social Security has arguably kept America out of economic chaos (“What is Social Security”?).
The great depression led us to have a better economic system and changed economic thinking. Laws were passed in order to prevent another depression from happening. Although many years have passed since the great Depression, things that were seen back then are still being seen today in 2014. High unemployment rates and low income among families forced to need the help of welfare are seen today as they were seen during the time of the Great Depression. The contrast between now and then however, is that the economy is under more control due to the laws that were passed to prevent another depression.
In this essay, the author
- Analyzes how investing discourages consumer spending, causing a decline in manufacturing and an increase in unemployment. the vicious cycle of continuous people getting laid off, manufacturing decreases and the economy keeps on getting worse.
- Explains the wpa, social security, and federal deposit insurance corporation were created during the great depression and roosevelt's new deal.
- Explains that the great depression was the deepest and longest-lasting economic downfall in the history of the united states.
- Explains how the depression caused social conflicts in the united states, where the people have a government that works most of the time and tries to relieve economic pressure.
- Explains how the agricultural adjustment administration helped farmers stay out of bankruptcy, and the frazier lemke farm bankruptcy act was passed to stop them from losing their farm.
Related
- explanatory
- analytical
- comparative
- The Great Depression and the New Dealexplanatory essayThe Great Depression was in no way the only depression the country has ever seen, but it was one of the worst economic downfalls in the United States. As for North America and the United States, the Great Depression was the worst it had ever seen. In addition to North America, the Depression greatly affected Europe and other various countries throughout the world significantly during the 1920’s and 1930’s. The Great Depression was caused by the collapse of the Stock Market, which happened in October of 1929. The crash exhausted about forty percent of the paper values of common stocks. It was the worst depression due to the fact that at the time of the Great Depression the government involvement in the economy was higher than it had ever been. A unique government agency had been set up exclusively to prevent depressions and their related troubles for instance bank panics. All of ...
In this essay, the author
- Opines that herbert hoover's actions were passed by congress and signed by himself, including the smoot-hawley tariff, which raised tariffs.
- Explains that roosevelt set up numerous programs to bring america back from the depression. the new deal helped alleviate many of the problems during the great depression.
- Explains that the stock market crash of 1929 caused the great depression, allowing herbert hoover and franklin d. roosevelt to take some action as president.
- Explains that franklin d. roosevelt was ready for action in response to the stock market crash of 1929 and the great depression, unlike the previous president, hubert hoover.
986 wordsRead More - The Great Depression Essayexplanatory essayThe Great Depression occurred from 1929 and lasted to the early 1940’s. It was a deep and tragic period of time where everyone was affected in some capacity. This period marks the longest most widespread depression in American History. It has devastating effects to both the rich and poor. Cities all around the world were hit hard by this crisis.
In this essay, the author
- Explains that the great depression occurred from 1929 and lasted to the early 1940's. it was a deep and tragic period of time where everyone was affected in some capacity.
- Explains that before the great depression, the united states was flourishing with technology and consumer spending. the roaring twenties brought prosperity to the economy.
- Explains that life expectancy began to decrease during the 1920s. suicide peaked when unemployment rose. men felt useless and worthless to their families once they lost their jobs.
- Explains that the jazz period took its wings in 1933. the eighteenth amendment prohibited alcohol, even though it did not ban the consumption of alcohol in most households.
- Opines that the grapes of wrath, written by john steinbeck, was their favorite book about the great depression.
- Explains that the great depression began with the stock market crash of 1929. stockholders lost more than 40 million dollars two months after the crash.
- Explains that over the 1930's more than 9,000 banks had failed. with people spending less money, fewer items were produced, and thus less jobs were needed. the drought conditions in the mississippi valley contributed to the loss of farmers land.
- Explains that the smooth-hawley tariff act stopped european trade due to high taxes on importing. it was not productive and not helping the depression.
- Explains herbert hoover was the president at the time of the stock market crash. he founded government agencies, supported local aid for public works, appealed to every outside source for funding except the federal government.
- Explains that investors started taking their money out of banks because they didn't feel safe. hoover and his administration did their best to fix the situation.
- Explains that president roosevelt introduced "the new deal" to announce a four-day bank holiday and addressed the public over the radio. he thought it was important for the american people to know what was going on.
- Explains that he needed reform and to protect the banking industry. he created the fdic (federal deposit insurance corporation) and the sec (securities and stock exchange).
- Explains that fdr produced a series of programs to boost the economy and create jobs for the people in 1933 when he took office. there are ten major programs that helped accomplish these goals.
- Explains the ccc, the civil works administration, and the national recover act.
- Explains that fdr enacted as many programs as possible to help the recovery of the banks, unemployment, and losses that everyone felt. he put into effect the emergency banking act.
- Explains that the new deal led to increased federal regulation, introduced many programs for the labor force, and a growing power of labor unions.
- Analyzes how fdr's wife, eleanor, was a strong advocate for black rights but the new deal programs prohibited discrimination. she helped her husband during his presidency.
- Explains that fdr created various programs to address the high rates of unemployment and poverty that echoed across the united states.
- Explains that fdr initiated a series of programs for the homeowners, such as the hola (home owners loan act) of 1933 and the fha (federal housing act).
- Explains that the united states housing act created the u.s. housing authority and built public housing. shanty towns were created for people who could not afford to live in their homes.
- Explains that the great depression was the worst economic crisis in the u.s. world war 2 ended the depression with better balanced markets and lower taxes.
- Opines that after many years of hardships and recovery, our world is standing tall. the depression was definitely a gruesome and difficult time for many.
1558 wordsRead More - America's Dark Period of the Great Depressionexplanatory essayThe Great Depression is one of the darkest periods in America’s history. It was a time of despair for all Americans. The Great Depression was caused by various reasons. It also had many effects which left an impact on America still up to this day. At that time, there was no abundance of anything: not jobs, not food, and certainly not an abundance of money, but there was surely an abundance of sadness. America had no hope since the money was a thin, green line. The Great Depression impacted the economy, unemployment rate, other foreign countries, and the many lives of the people. The monstrosity officially began on October 29, 1929.
In this essay, the author
- Explains that the great depression was one of the darkest periods in america's history. it was a time of despair for all americans.
- Explains that the stock market crash of 1929 was the most major cause that led to the great depression.
- Explains that banks began to fail after the stock market crash, leaving banks with no or little money to give to businesses and farmers.
- Explains that people were worried about their money. they stopped buying unnecessary or luxury items to save money and help support their families. the reduction in purchasing items eventually led to a decrease in the work force, which increased the unemployment rate.
- Explains that americans blamed herbert hoover for the crisis. the hawley-smoot tariff increased taxes on imported goods in america, which led to a decrease in trade with other foreign countries.
- Explains that hoover tried to decrease the unemployment rate by creating more jobs, but it made the economy suffer even more than it already had.
- Analyzes the effects of the great depression on the economy, unemployment rates, and people's lives.
- Explains that the great depression affected america, germany, france, south africa, and canada. these countries depended on america's trade and went into some small crisis.
- Explains that the great depression took a lot of hard work to get america to where it used to be. franklin delano roosevelt, aka fdr, got elected easily, in hope of getting america out of the crisis.
- Describes how fdr shut down banks and established the new deal, which helped improve america's economy. the great depression didn't end until world war 2.
988 wordsRead More - American Culture and Lifestyle During The Great Depressionexplanatory essayThe Great Depression was one of the most important historical events that has happened within the last century that impacted every Americans life one way or another. There were many factors that could be an explanation of why The Great Depression happened, but there is no one definitive list of the reasons of what caused The Great Depression. It was a mixture of events in the United States and outside of it that probably led to this period of time to happen. The main reason that everyone could agree on was the event of the Wall Street Crash of 1929. Because of The Crash, it made people go on a bank run which made thousands of banks to close because they simply did not have all the money for all the people wanting to withdraw their savings. Because everyone was trying to take their savings out, most people were turned down by the bank and essentially lost of their savings in the bank. The banks were failing and because they had no more money left, this stopped the banks from having available credit for people to use which made matters even worse for the people. This leads people to poverty and were left with nothing. Because people were poor and were scared of spending their money now, it made people stop buying extra things that weren't essential to live. This was the cause of the unemployment rates during this time period because if no one was buying anything, then there was no reason to keep extra workers for things people are not buying.
In this essay, the author
- Explains that the great depression was one of the most important historical events within the last century that impacted every american life one way or another.
- Explains that the smoot-hawley tariff act of 1930 increased the tariff rates on almost everything that was imported from other countries. the dust bowl caused massive destruction of american agriculture.
- Explains that even though the great depression officially started at the end of 1929, things were already tough on the americans. the smoot-hawley tariff ruined a lot of the world economy.
- Analyzes how the start of world war ii helped end the great depression in the united states by creating millions of jobs for americans. sports and entertainment became different, but people were waiting for change.
- Explains that entertainment became less important during the great depression, but it was also an escape for people. the government tried to get some of the entertainers back to work through programs.
- Describes how e. y. harburg was affected by the stock market crash and shut down his company with lots of debt. ira gershwin suggested him to start writing song lyrics for the song brother, can you spare me a dime?
- Describes how they were relieved when the crash came. they were released. being in business was something they detested. when they found that they could sell a song or poem, they became me.
- Explains that jazz was a big part of the music industry at the time and they would listen to songs like it don't mean a thing and all of me by louis armstrong.
- Explains that books were a great way for people to escape reality, since they dealt with issues like the common person during the great depression.
- Explains that baseball was the most popular sport in america back then, but the numbers in the audience were almost cut to half during this time. football was another good sport for people to watch.
- Explains that the 1932 summer olympics were held in los angeles and many of the athletes were not able to attend because they had no way to pay the travel fee's.
- Explains that children would play outside without toys and play cheap board games like scrabble and monopoly. the family could get hours of entertainment with the radio.
1532 wordsRead More - The Great Depressionanalytical essayThe Great Depression was marked by the Stock Market crash, but in reality, its origins were able to be traced back to World War One. Many actions by the U.S. government, done to boost the economy, worked temporarily and gave America a period of great economic success. During this time, many underlying problems were ignored, and actions done to protect the U.S. economy, eventually ruined it. The Great Depression was not something that could have started as a result of one action, but it was a result of more than a decades worth of actions.
In this essay, the author
- Explains that the great depression was an economic depression that was started by the stock market crash.
- Explains that the treaty of versailles ended the war and put germany in a financial hole. the dawes plan boosted the american economy, while facilitating other european countries' attempts to reestablish stable financial state.
- Explains how the dawes plan of 1924 boosted the economy in the 1920's.
- Analyzes the disparity between the rich and the poor in the 1920s. the economy was great, but there was an underlying problem arising.
- Explains that technology was increasing in the 1920's with the automobile becoming more common for households, and machines in factories were being invented to make more in less time.
1515 wordsRead More - How the New Deal Transcends Mere Economic Statisticsanalytical essayThe Great Depression of the 1930s is a period in history that will never be forgotten all around the world. It is described as the worst economic slump ever to have an effect on the United States, and as a result the rest of the industrialized world. The Depression brought with it a number of consequences for instance a huge decline in the standards of living of the working class, the disintegration of numerous nations' economies and mass political disturbance and division.
In this essay, the author
- Explains that the agricultural adjustment act raised crop prices by eradicating surplus generated. the government rewarded farmers $200 million to cultivate less than 10 million acres of crop.
- Explains that civilian conservation corps provided employment opportunities to young men to build up parks, plant trees, and other projects to avoid another dust bowl.
- Explains that nira provided money to several states to offer employment in the construction of community buildings.
- Explains that it provided insurance to people who were retired and of the age of 65 years or older.
- Describes the great depression as the worst economic slump ever to have an effect on the united states and the rest of the industrialized world.
- Explains how the great depression impacted america's economy, and how other european countries faced high war debts.
- Explains that president herbert hoover was opposed to any type of federal welfare. he and directors of business, banking, and labor worked collectively to improve the economy.
- Analyzes how the second new deal helped the economy by spending at the bottom, and the national labor relations act prevented intimidation and coercion in breaking up unions.
1650 wordsRead More - The Great Depression in the United Statescomparative essayThe United States? Downfall Screams, tears, and cries for help were all part of America's downfall. From 1929 through 1941 there was only one thing that was plentiful, sorrow. During this time the United States was faced with another obstacle. It changed America in many ways.
In this essay, the author
- Explains that the stock market crash in the united states caused businesses to close, banks to fall, and many people to become unemployed.
- Explains that there was an immense disparity between the country's productive capacity and the ability of people to consume during the great depression.
- Explains that women, men, and children had to pitch in order to survive. the government helped bring money to the family unit.
- Explains that farmers were asked to make voluntary reductions in crop prices, and then reimbursed for the loss. in the mid to late 1930s people left the farm life.
- Concludes that the great depression was one of the best learning experiences the united states has ever seen.
933 wordsRead More - The Social Depression: The Tragedy Of The Great Depressionanalytical essayThe Tragedy That Was The Great Depression Imagine living in a country full of wealth and then all of a sudden, BAM! the economy falls and everyone loses their money over night, losing everything they love and living in a world full of dirt and suffering. The Great Depression was a quick punch to the stomach to the U.S. and its people leaving suffering and scarred long after.
In this essay, the author
- Explains that the great depression was a quick punch to the stomach for the u.s.
- Analyzes how the great depression affected the united states and the entire world.
- Analyzes the impact of the stock market crash on the u.s. economy.
- Analyzes how the atrocity of the depression had left people with a hard time, and that herbert hoover had to find ways to end it.
- Analyzes how franklin roosevelt's ideas helped the u.s. out of the great depression.
- Explains franklin's efforts to help the united states during the dust bowl and stock market crash, but it wasn't until the second world war that the economy recovered.
- Concludes that the great depression was impactful because many suffered in the event, showed vulnerability within the economy, and began social welfare for all.
1133 wordsRead More - Great Depressionexplanatory essayHowever one good thing remained. The welfare programs of the Great Depression changed American values forever. As a result of the great depression people everywhere were raised learning never to accept anything they didn't work for. After the Great Depression, government action, whether in the form of taxation, industrial regulation, public works, social insurance, social-welfare services, or deficit spending, came to assume a principal role in ensuring economic stability in most industrial nations with market economies.
In this essay, the author
- Opines that the great depression was one of the most misunderstood events in american history. it had important consequences and was a devastating event in america.
- Explains that the stock market crashed in october 1929, leading to an economic catastrophe of major proportions. the global demand for agricultural goods vanished during world war i and rural america experienced a severe depression.
- Explains the economic depression that beset the united states and other countries was unique in its severity and its consequences. one american worker in every four was out of a job.
- Opines that the book "there are no children here" is touching only if one understands and acknowledges the facts that perpetuate poverty and welfare dependency.
- Explains that the great depression had devastating effects on african americans and the rest of us citizens. tenant farmers and sharecroppers were among those hardest hit by the farm depression of the 1920s.
- Explains that prior to the great depression, governments took little or no action in times of business downturn, relying instead on impersonal market forces to achieve the necessary economic correction. this painful discovery inspired fundamental changes in the united states' economic structure.
- Describes franklin roosevelt's new deal program of relief, recovery, and reform, which aimed to solve the economic problems created by the depression of the 1930s.
- Explains that the new deal was concerned mainly with relief, setting up shelters and soup kitchens to feed the millions of unemployed, but as time progressed, the focus shifted towards recovery.
- Explains that the works projects administration and the social security act were created to preserve people's skills and self-respect during a period of unemployment.
- Explains that severe recessions led many people to turn against new deal policies. the united states entered world war ii in 1941, the year generally considered to be the end of the great depression.
- Explains that the welfare programs of the great depression changed american values forever. government action, whether in the form of taxation, industrial regulation, public works, social insurance, or deficit spending, helped ensure economic stability in most industrial nations with market economies.
1353 wordsRead More - Causes of the Great Depressionexplanatory essayThe Great Depression was the most catastrophic economic disaster in American history. It affected all of the US from sea to beautiful shining sea. Old and young, rich and poor, black and white, everyone suffered the consequences of the over extravagant Roaring Twenties. Businesses closed, everyone was up to their neck in debt, banks failed, and the mid-west was soon a dust bowl from over farming and reclaimed equipment. With the Smoot-Hawley Tariff in place, deflation, everything imaginable bought on credit, and unreliable loans, everything adding up eventually led to the stock market crashing and the Great Depression.
In this essay, the author
- Explains that the great depression was the most catastrophic economic disaster in american history. it affected all of the us from sea to shining sea.
- Explains that the great depression was caused by the smoot-hawley tariff, which inflated the price of imported goods up to fifty percent.
- Explains that credit buying led to mass consumer debts, unreliable (or unpaid) loans, and a multitude of banks failing.
- Explains that americans were too ignorant to realize what was happening is a pretty valid cause for the great depression.
- Explains that the great depression was the most catastrophic economic disaster in american history, and was highly avoidable.
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