The Great Depression And Its Effects On The World Essay

When the stock market crashed in October 1929, the nation plummeted into a major depression. An economic catastrophe of major proportions had been building for years. The worldwide demand for

The collapse of the stock market in 1929 marked the downfall of America along with the constant dustbowls. Document 3 shows a chart of the stock market crash of 1929 and how it increased the rate of unemployment in the United States. It

The stock market crash of 1929 sent the nation spiraling into a state of economic paralysis that became known as the Great Depression. As industries shrank and businesses collapsed or cut back, up to 25% of Americans were left unemployed. At the same time, the financial crisis destroyed the life savings of countless Americans (Modern American Poetry). Food, housing and other consumable goods were in short supply for most people (Zinn 282). This widespread state of poverty had serious social repercussions for the country.

This was the longest and most severe slump ever to hit the industrialized world, which lasted through most of the 1930s. The Great Depression caused mass unemployment, wide spread poverty and despair. The German economy was especially vulnerable since it was built out of foreign capital, owing mostly to debts to the United States and was very dependent on foreign trade. Adolf Hitler knew his opportunity had arrived to strengthen extreme political movements that promised to end the economic problems.

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

Franklin D. Roosevelt was a man who besides his intelligence, charm and strong confidence, he was able to sustain the nation through the most overbearing crisis know as the Great Depression as well as World War II. While managing to stay optimistic, Franklin Roosevelt helped people regain faith in themselves. Despite all the chaos going on at the time, “he was met with that understanding and support of the people themselves which is essential to victory (pg. 90).” He was praised for pushing the government to help those who were underprivileged. This was a new beginning in time for Americans known as the New Deal. He told the country to live by; “The only thing we have to fear, is fear itself (pg 90).” Franklin Roosevelt made a very

The late 1930s were a time of great suffering and uncertainty in the United States. The country was crippled by effects of the Great Depression; the result was a massive decline in jobs and economic stability that dramatically impacted both rural and urban communities. Millions of Americans were out of work, unable to support their families. State organizations and charities were unable to meet the growing needs of the people and many were left to fend for themselves. The Great Depression brought with it a legitimate, tangible fear about the future of America and its citizens. Upon the outcry of the American people a “New Deal” was struck giving the citizens of America a lifeline of hope in the ever-growing State. The New Deal was a succession of programs, organizations and laws, enacted by President Franklin D. Roosevelt, directly addressing the issues of jobs, welfare and uncertainty through direct federal involvement. The creators of the New Deal worked across party lines to reshape the norms of state involvement whilst making a great legislative effort to turn the declining economy around. The New Deal reshaped the federal government’s relationship with its citizens in a time of economic uncertainty helping to grow the State in a time of peace.

     The Great Depression was a huge economic downfall in North America and involved many other industrialized countries of the world. The Depression began in 1929 and lasted for about ten years. Millions of people lost their jobs along with many businesses going bankrupt. The common misconception of the Great Depression is people think that the stock market crash was the main cause for it. There were many causes for the Depression; unequal distribution of money during the 1920’s was the main cause of the Depression. This unequal distribution happened on many different classes of people. The imbalance of money is what created such an unstable economy. The stock market was doing much worse than people thought

From 1929 to 1945, two catastrophes occurred: the Great Depression and World War II. American political leaders established a cause-effect relationship between economic collapse and total war, based on these two events, which defined their policy approach in the post-war period. In the 1930s, American leadership, and most importantly, President Franklin Delano Roosevelt, came to view economic decline, political radicalization, and instability as forming a vicious cycle that led to utter chaos and war. Although FDR did not know the future consequences of the economic fallout, he did know that breaking the cycle was of systemic importance. FDR’s policy platform, known as the New Deal, disregarded the historical wariness for government intervention and boldly connected economic security to freedom. Essentially, he attempted to push the American system to its limit in order to save it. Even with conservative elements constantly attempting to restrain his initiatives, FDR expanded his focus in the latter years of the 1930s to include international affairs as war broke out in Europe, Africa, and Asia. FDR and other government elites openly talked about the responsibility America had to build a new world order.

Since the beginning of the Industrial Revolution early in the nineteenth century the United States ad experienced recessions or panics at least every twenty years. But none was as severe or lasted as long as the Great Depression. Only as the economy shifted toward a war mobilization in the late 1930s did the grip of the depression finally ease.

Many people speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash. The effects were detrimental beyond the financial crisis experienced during this time period.

The world had faced two main economic problems. The first one was the Great Depression in the early of 20th Century. The second was the recent international financial crisis in 2008. The United States and Europe suffered severely for a long time from the great depression. The great depression was a great step and changed completely the economic policy making and the economic thoughts. It was not only an economic situation bit it was also miserable making, made people more attention and aggressive until they might lose their lives. All the society was frightened from losing money, work and stable. In America the housing market was the main factor of the great depression. A crisis of liquidity appeared in the banks forming a credit crunch. This period was influenced by over extended stock market shortage of water in the south and over trusting. The American government put down some regulations to control the productions which were essential for the war.

In Germany the economy was especially vulnerable since it was built out of foreign capital, mostly loans from America and was very dependent on foreign trade. When those loans suddenly came due and when the world market for German exports dried up, the well-oiled German industrial machine quickly ground to a halt. As production levels fell, German workers were laid off. Along with this, banks failed throughout Germany. Savings accounts, the result of years of hard work, were instantly wiped out. Inflation soon followed making it hard for families to purchase expensive necessities with devalued money. Overnight, the middle class standard of living so many German families enjoyed was ruined by events outside of Germany, beyond their control. The Great Depression began and they were cast into poverty and deep misery and began looking for a solution, any solution. By mid-1930, amid the economic pressures of the Great Depression, the German democratic government was beginning to unravel. The crisis of the Great Depression

After the Great War (1914-1919) came the “Roaring Twenties” followed by the Great Depression (1929-1939). After World War I America experienced the greatest economic growth in its history. Its economic expansion was due to how undamaged it was after the war. It became the richest country in the world at that time. The people enjoyed life as it were back then until the US experienced the largest economic downturn in history when the Stock Market crashed on 29th October 1929. It began in the summer months of 1929 when the US economy began experiencing a small recession where consumers began spending less and unsold goods began piling up, thereby slowing down production. While this was happening stock prices continues to rise reaching levels that could not be justified by anticipated potential earnings. This occurred for a few months until October 24th 1929 when the stock market crashed and America faced the Great Depression a few days after on October 29th 1929 . So what were the contributing factors of the Great Depression? These include:

All these changes affects the society in different ways .The Great Depression caused many people to close businesses and led the government to regulate the