The stock market was the main cause that forced American into the Great Depression. The stocks were a towering success until the collapse; the crash forced many Americans into poverty because they had to sell almost everything they had to repa... ... middle of paper ... ...tter poverty. The depression affected millions of Americans and I got to really feel what they went through when I watched the movie Cinderella Man. Jim Braddock the main character of the movie went thorough tough times; he lost his job, couldn’t support his family and witnessed loved ones being lost to the Great Depression. Going through all this just made him a stronger man.
The crash spelled disaster for the national economy. Corporations with heavy investments faced a sudden shock to their assets. This was the beginning of the depression. The national income slipped lower each year from 1929-1932, and it did not return until World War II. Unemployment became the most important problem of the depression to the people living in the US.
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.
Without the exposure to these kinds of things in the south shows how sheltered Atticus has kept his children and how unknowledgeable Scout is. In the middle of the novel, when Aunt Alexandra tells Scout the Cunninghams are trashy, yappy, and not their kind of folks, Scout’s eyes open as she realizes how separated people are because of their way of life. Her ignorance and father block her from being able to understand why people treat others with such prejudice. Atticus told Scout, “Most of this Old Family stuff is foolishness because everybody’s family’s just as old as everybody else’s”(303), reminding her that all humans are equal no matter where their family traces them back to. Scout also corrects Jem when he tells her there are four types of people in the world.
Another novel by author John Steinbeck, Of Mice and Men, uses a prolific amount of symbolism and allegory to tell a story of retribution and pain characteristic of the time period in America during the Great Depression. Another famous novel of the time period was The Adventures of Huckleberry Finn, which told tales of a knave boy and his adventures with a runaway slave, captivating audiences young and old. These three novels all contribute vastly to the genre of historical fiction, as the stories told in the books may not necessarily be true, however they take place in real settings. A Farewell to Arms takes place in Europe, while Of Mice and Men and Huckleberry Finn both take place in America. The literary merit of these works alone is outstanding, with all of the authors contributing their own unique styles of writing combining metaphors, figurative language, and intense storytelling to create masterpieces of American
Nowhere is that discourse more violently showcased than during Spain’s civil war. Gerald Brenan analyses the origins of the brutal war that gripped the nation between 1936-1939. Brenan’s book is an excellent account of the wars beginnings because it was written immediately after in 1943. Brenan’s analysis is a true history of the war but more of an interpretation of its origins. Throughout the book, he focuses on different political and social groups; giving the reader details into their ideology and daily life.
The 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. After World War 1 prior to The Great Depression, the U.S. was in a successful state where everyone could get what they wanted. Until a sudden crash in the stock market showed that their perfect paradise was destined for disaster.
The most obvious and broad effect of the stock market crash would be the notorious Great Depression, but one must delve deeper than this to understand the full range of damage. On one single day which is known as Black Tuesday (October 29, 1929), eight to nine billion dollars were lost. That however, doesn’t even scratch the surface of damage. For example, 30 percent of the United States population had become unemployed. This in turn, meant that nobody could afford home payments which lead to the crash of the housing market.
Most academic experts agree on one aspect of the crash: Billions of dollars of wealth vanished in one day, and this immediately depressed consumption. .II. Body - Causes and Effects 1. How It Started The world economy seemed to have recovered from the devastation of... ... middle of paper ... ...ome issues such as social security. Until 1935, states -except Wisconsin- had behind the times insurance laws, or much worse these programs were underfunded and as a result almost worthless.
The Great Depression was the single worst economic collapse in world history. Many people in the world lost their jobs, banks lost their money, and nearly all faith in the economy was lost. Unemployment rose to a record 33% in some places during the depression. The Great Depression was one of the most important things to happen in world and financial history. The effects of The Great Depression lasted for many years.