The Great Depression : A Period Of First Time Decline Essay

The Great Depression : A Period Of First Time Decline Essay

Length: 1180 words (3.4 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The Great Depression was a period of first-time decline in economic movement. It occurred between the years 1929 and 1939. It was the worst and longest economic breakdown in history. The Wall Street stock market crash started the Great Depression; it had terrible effects on the country (United States of America). When the stock market started failing many factories closed production of all types of good. Businesses and banks started closing down and farmers fell into bankruptcy. Many people lost everything, their jobs, their savings, and homes. More than thirteen million people were unemployed.
The Great Depression caused major political changes. Three years after the great depression started, Herbert Hoover lost the 1932 presidential election to Franklin Delano Roosevelt. Franklin Roosevelt economic recovery plan, the New Deal, started exceptional programs for relief, recovery, and reform and brought major readjustment of American politics. The Depression also caused an increase of emigration of people to other countries for the first time. Some native US citizens went to Canada, Australia, and South Africa and some immigrants went back to their native countries.

Castano 2
One of the causes from the Great Depression was the stock market crash that occurred on Black Tuesday, October of 1929. Two months after the stock market crash, stockholders lost more than fourteen million dollars; it dropped more than 40%. It continued to decrease; it went down to nearly 90% from its 1929 highs. Before the crash the 1920s were known for the roaring twenties, parties, extravagant outfits, and the music. It was the decade where people were known to spend money, they were not afraid of spending it. But when banks started to crash that is whe...


... middle of paper ...


.... Progressives tried to counter these trends through federal action. But conservatives supposed these as symptomatic of the unnecessary growth of government during the previous two decades. This transition from Progressivism to conservatives was one of the leading dynamics of the 1920s. Even though the middle and late 1920s saw a resurrection of conservative thought, Progressive ideas about reform would carry on into the early 1920s. The political climate continued its meaning away from the tolerance of the progressives towards more conservatives views concerning the appropriate role of government.
Castano 5
All in all, the Great depression lasted from 1929 to 1939. The stock market crashed I other words “Black Tuesday”. It was the longest crisis in history. Many people were affected by it. Banks were closed, people were unemployed and many people lost their homes.

Need Writing Help?

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

Check your paper »

The Great Depression Was An Extraordinary Tragedy Essay

- The world is a very diverse place, full of many different cultures and world views, but one characteristic that human nature has in common is the ability to create chaos when tragedy is created. Tragedy struck the world in 1929 when the Stock Market crashed, and the Great Depression took over throughout the world without any warning. Years after the Great Depression was defeated, the great recession hit America after the real-estate market crashed. The great Depression was an extraordinary tragedy from the year 1929 to 1939, and it caused families to struggle in order to simply put food on the table in order to survive....   [tags: Great Depression, Unemployment, Business cycle]

Better Essays
1486 words (4.2 pages)

Essay on Reasons to Why Print Media is on The Decline

- Introduction The topic of interest in this literature review is on whether print media or digital media is better than their counterpart. Print media is a medium used to disseminate information or news on printed matter (“print media”). For example: newspapers, magazines, books. Digital media is digitised content that can be transmitted over the television or through computer networks like the Internet which constitutes text, graphics, audio and videos (“digital media”). Why is this topic of interest important....   [tags: digital media, print industry, decline]

Better Essays
1464 words (4.2 pages)

The Decline Of The Great Depression Essay

- Mary, Toby, and their family were forced to move numerous times throughout the novel, Mary Coin, constantly migrating to look for jobs across the state of California and the like. If a job did not pay well the family would load their belongings in the Hudson and drive off to another workplace with no questions asked. This happened very often because their services for them were no longer needed and they were forced to be laid off. The time period was the Great Depression, where the economy was in its biggest slump ever, leading to many Americans looking for work and overall being dirt poor....   [tags: Great Depression, Dust Bowl, Great Plains, 1930s]

Better Essays
1417 words (4 pages)

Essay on President Franklin D. Roosevelt And The Great Depression

- The United States faced the lowest decline and longest lasting recession in the period time of 1929- 1939. It was the Great Depression where the economic system turned downward, wiping out many investors and leaving many in fear. During 1929 and 1939, consumer spending and inverters almost totally dropped. As result, many companies closed and left many American with no place to work causing the employment rate to become higher. The Great Depression reached its lowest point by 1933, when nearly 14 to 16 millions of Americans were unemployed and more than a half bank had failed....   [tags: World War II, Great Depression, United States]

Better Essays
716 words (2 pages)

The Great Depression Essay example

- Selcuk Bali defines depressions as, "prolonged periods of economic downturns often characterized by a rise in unemployment, general rise in commodity prices, lower production levels, and in many cases, lack of credit facilities or borrower apathy." He goes on to say that in most cases Depressions are triggered by specific events in an economy, (Bali).The Great Depression, is often times called the defining moment in the twentieth-century of the United States history, it was "the longest, deepest and most pervasive depression" in America, according to Szostak....   [tags: Great Depression, Unemployment]

Better Essays
1714 words (4.9 pages)

Essay on The Collapse Of The Great Depression

- In economics,a depression occurs when curves on all graphs such as prices, wages, employment,investment and international trade continuously head downwards. One of the worst economic depressions that stretched worldwide took place in the early 1930 's. While there is not one solitary cause for the occurrence of the Great Depression, there were a variety of factors that lead to the economic downfall. A few of these reasons were the stock market collapse, the mass production and under-consumption that took place,and the maldistribution of income....   [tags: Great Depression, Wall Street Crash of 1929]

Better Essays
1747 words (5 pages)

The Rise Of The Great Depression Essay

- When referring to the Great Depression, the economic from 1929 and continuing through most of the 1930s is usually what is being referenced. (great depression, n.d.) The causes of this depression were many and varied, five of the top were: the stock market crash of 1929, bank failures, reduction in purchasing, America 's economic policies, and drought conditions. Throughout the 1920 's the U.S. stock market underwent rapid expansion, caused by a period of wild speculation. That is until 1929 when production had declined and unemployment rose....   [tags: Great Depression, Wall Street Crash of 1929]

Better Essays
831 words (2.4 pages)

The Great Depression By Herbert Hoover Essays

- The Great Depression began in 1929 and carried on till America entered World War II. It is an event with so many interesting topics, that countless essay papers can be written on it. One of the most common topics for this subject is the causes of the Great Depression. Causes of the Great Depression well Nobody is sure of the exact cause of the Great Depression. There was no single cause; it is believed that a mixture of domestic as well as international conditions led to this event like Stock Market Crash of 1929,Bank , ,Failures Reduction in Purchasing Across the Board American Economic Policy with Europe Drought Conditions....   [tags: Wall Street Crash of 1929, Great Depression]

Better Essays
1091 words (3.1 pages)

The Course of The Great Depression Essay

- The Course of The Great Depression The October 1987 collapse in stock prices conjured visions of 1929 and the Great Depression. Focus on this period is natural because the 32 percent decline in stock values between the market closes of October 13 and 19, 1987, was of the magnitude of--indeed, it actually exceeded--the October 1929 debacle. Focus on this period is also appropriate because, despite all that has been learned since to help assure economic stability, we cannot be completely confident that history will not repeat itself....   [tags: Great Depression American History Economy Essays]

Better Essays
3533 words (10.1 pages)

Essay on The Depression

- The Great Depression began in October 1929, when the stock market in the United States dropped rapidly. Thousands of investors lost large sums of money and many were wiped out, lost everything. The crash led us into the Great Depression. This period was the longest and worst period of high unemployment and low business activity, people went along with only the bear necessities, and the families that where hit the hardest where the middle class families. People stopped buying gods during the depression, because they had no money....   [tags: essays research papers]

Free Essays
438 words (1.3 pages)