Great Depression Essay

Great Depression Essay

Length: 1172 words (3.3 double-spaced pages)

Rating: Good Essays

Open Document

Essay Preview

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 economy all contributed to the cause of the Great Depression.
In 1929 the American economy began to slow down. It is a natural part of the business cycle in which all industrial nations experience. There are times when demand is high and the economy grows, but then once people have the things they want demand goes back down and the economy slows down. Usually the economy goes up again after a few years, but in 1929 the slowdown exposed many weaknesses of the 1920’s economy.
The 1920’s economy had a good number of problems which magnified the slowdown of the economy in 1929. First was that there was very little economic diversity as a few large businesses dominated in the economy and when they started going down they dragged everyone along with them. Second was that there was a large stratification of wealth in which 1% of the population owned about 59% of the wealth. Businesses did not increase wages during their great prosperity in the 1920’s so when the economy began slowing down millions of average workers did have a sufficient amount of ...


... middle of paper ...


...ep the economy together wasn’t working very well. France and Britain were harsh in deciding the reparations Germany would have to pay, way more than Germany could possibly pay right after a huge war. So the U.S. created the Dawes plan in which businesses would loan money to Germany so they could pay Britain and France so that those two could pay the U.S. back. Germany was unable to keep up with payments though and their economy collapsed which led to Britain and France’s economies falling apart. This broke down international trade even further and cut the U.S. short of a lot of money. That is how the collapse of the world economy was a factor in causing the Great Depression.
By themselves these independent factors would not have been enough to cause the Great Depression. As they compounded though, it turned a natural recession of the economy into a Great Depression.

Need Writing Help?

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

Check your paper »

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]

Good Essays
986 words (2.8 pages)

The Great Depression And The Depression Essay

- A Response to the Great Depression Are you prepared if we have to enter another Great Depression again. Many people take for granted the opportunities to walk into a store to purchase goods and services such as clothes, food, gas, laundry soap, shampoo, computers, phones, cars, etc… Opportunities to walk into a restaurant to dine in or order fast food any time we want. But what if all that came to a halt. Anything can push the United States of America into a Great Depression again. We are talking about a war, terror attack, and 11major climatic storm changes....   [tags: Great Depression, Unemployment]

Good Essays
1131 words (3.2 pages)

The Depression Of The Great Depression Essay

- The Great Depression was just that, great. It was a unique experience that America has only gone through once… or perhaps twice. Maybe the 2008 American economic crisis did not lead to a recession at all; maybe it led to a second Great Depression. Of course that’s utter insanity, because everything from the numbers to the feelings show that 2000-2010 was nothing like the twenties and thirties. Realistically the most recent American recession was a barnacle on the whale of the Great Depression. Children of the recession can confirm to you that very little was similar to their twenties brethren....   [tags: Great Depression, Unemployment]

Good Essays
1272 words (3.6 pages)

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 ]

Good Essays
1059 words (3 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]

Good Essays
1714 words (4.9 pages)

Essay The Great Depression

- In the decades preceding the Great Depression, the world’s economy had been dealing toward globalization. Some countries reduced the barriers to trade and capital flows. When more nations became integrated into a expanding world economy, it set the stage for modern economic growth. At that time, more people started to enjoy political and economic freedom more than any other time in history. The hardship of the late 1920s and the 1930s has yet to be replicated on such a grand scale. The 25% unemployment rate was a reality back then....   [tags: Great Depression, Unemployment, 1930s]

Good Essays
706 words (2 pages)

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 ]

Good Essays
1596 words (4.6 pages)

Blue Eagle, Nra And The Great Depression Essay

- Blue Eagle, NRA and the Great Depression The creator of this poster, Einson-Freeman INC, used very creative ideas to get their message out and capture the attention of the targeted audience. With its big front text that read “ FULL SPEED AHEAD!” and the good looking picture of Uncle Sam operating a train while a wind is blowing through his body, the creator made this poster to look like as if it’s about to take the audience on a great adventure of some kind. But in order to do so, they have to buy something and be a member....   [tags: Great Depression]

Good Essays
719 words (2.1 pages)

The Great Depression And The Depression Essay

- Imagine how would it be if all of a sudden economy crashed and there is no back up plan. It has happened before in history during 1929 with the crash of The Wall Street, which marked the beginning of the depression. The great depression was on of the hardest time in American history. After the roaring twenties was the dirty thirties which started with the stock market crashed and marked the beginning of the Great Depression and consisted of Dust Bowl in South. Great Depression was the worst economic downturn in American history with millions of dollars loss in stock market crash....   [tags: Great Depression, Franklin D. Roosevelt]

Good Essays
1087 words (3.1 pages)

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]

Good Essays
1172 words (3.3 pages)