The Great Depression Essay

1390 WordsMar 14, 20156 Pages
Introduction: 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. Literature Review: Great Depression: The great depression hadn’t appeared before in the history of the economic field. It was something unprecedented. Some countries recovered during a decade while others not. This depression affected the smallest individual tin the society even farmers were affected. This collapse created a special case which was known as bowl. In the west a catastrophe appeared from August 1929 to March 1939. It affected the economic field very severely for a long period. In spite of being

More about The Great Depression Essay

Open Document