This essay The Great Depression has a total of 1818 words and 9 pages.
The Great Depression
All these changes affects the society in different ways .The Great Depression
caused many people to destruct businesses and led the government to regulate the
businesses and economic affairs. All this increased regulation led to the
widespread belief that the government should promise or guarantee citizens a
good life, and high employment. After the depression, many people no longer
trusted employers to protect workers.
As a result labor unions gained more members and grater public acceptance then
ever before. Depression makes some people lose there faith in government which
then brings them to not believe anybody who promises a change.
Can anyone tell me who you think was the two leaders that actually took part
during the depression was? (show overhead of the fifth paragraph) Leaders who
actually took power during the depression were Adolph Hitler and Benito
Mussolini who of which was the dictator of Italy from 1922 to 1943 just like
Hitler was dictator of Germany from 1933 to 1945. Relation between the nations
suffer during a depression. Basically each country tries to protect its own
interests without concerns of other nations.
Depression hurt a lot of people, especially working people who lose there jobs.
Bank failures clean out some depositors savings if funds are not ensured. When
there was the depression, most people can not meet the house or apartment
payments so they lose there homes and become homeless.
During a depression some people must live on charity just to support themselves
and there families. Sometimes the people who get the charity money, clothes, and
food get kind of embarrassed that they need the money and they feel ashamed that
they can\'t afford to support themselves which is basically not their fault. The
Great Depression caused lots of marriages and birth rates to decline. If you
were a younger person and you didn\'t have a job you would delay your wedding
until you have enough money to pay for it just because of the depression. Most
of the time when your unemployed for a long time you lose faith in yourself and
in the future. After a depression many people value security more than anything
Some people profit from the depression, like people with enough money can buy
businesses, stocks, or other property for a very low price.
From what I hear economists disagree on what causes depressions and how they
are or can be prevented .Some economists believe that psychological factors such
as peoples optimism or pessimism, determine decisions to save or spend.
Several theories maintain that population changes or inventions cause periods of
expansion and contractions-(depression or recession). When immigration or higher
birth rates cause a population to grow, demands tends to increase.
When population growth slows down, demands drop by huge amounts. Such inventions
as the automobile and color television spur business investments and consumer
spending, causes expansion. After demand for these products has been satisfied,
spending drop offs resulting in contraction. Still other theories suggest that
during expansion, business invest too heavily in buying.
The expanded role of the federal government came to be accepted by most all
Americans by the end of the 1930\'s. Even republicans who had bitterly opposed
the new deal shifted there stance.
Wendle Wilkie the republican president nominee in 1940 declared that he couldn\'t
oppose reform such as regulation of the security markets and the utility holding
companies, the legal recognition of unions, or social security and unemployment
allowances. What bothered him so much and not just him but other critics was
extensions of the federal bureaucy. In March of 1933 president Roosevelt
declared "There is nothing to fear but fear itself."
The great depression was the worst economic slump ever in the U.S History, and
one which spread to virtually all of the industrialized world. ( show second
paragraph of overhead) However, the main causes for the depression was the
combination of the greatly unequal distributions of wealth throughout the 1920\'s,
and the extensive stock market speculation that took place during the latter
part that same decade. The maldistribution of wealth in the 1920\'s existed on
many levels. Money was distributed disparately between the rich and the middle
- class, between industry and agriculture within the United States, and
between the U.S. and Europe. This imbalance of wealth created an high, but
eventually lead to large market crashes. These market crashes, combined with
the maldistribution of wealth, caused the American economy to capsize.
Another main cause of the great depression happened during the roaring twenties.
The "roaring twenties" was an era when our country prospered tremendously.
The nation\'s total realized that the income had rose from 74.3 billion
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Topics Related to The Great Depression
World economy, Causes of the Great Depression, Great Depression, Economy of the United States, New Deal, Long Depression, Poverty, Unemployment, Great Depression in the United States, Household debt
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