The Wall Street Crash and The Great Depression Essay

News Media” by Louis Liebovich. Although, the Stock Market Crash happened on October 29th, 1929, there were prior factors causing the crash. The crash happened only 7 months into Hoover’s presidency according to “History.com.” During the start of the Great Depression, millions of Americans were unemployed and could not provide to their families. Hoover also directed all Federal Departments to speed up public works and other projects, in order to create more jobs. This had little effect to the economic crisis. After the collapse of the European economy, Hoover temporarily suspended of all international debt payments. This saved banks from a complete collapse. This was one of Hoover’s attempts to fix the crisis,

During the 1930’s Germany was at an all time low as the worldwide economic depression hit Germany hard. The confidence in Germany from the people was lacking due to the fresh memory of their defeat in World War I. This caused great need of a new leader, someone who could give the people change, and Adolf Hitler knew he could do just that. His rapid rise to power began when he started to promise things that intrigued the German people. He promised the hopeless and needy a better life, and promised opportunities that were exactly what the people needed. This caught the attention of so many young unemployed and middle class people. His party, known as the Nazi Party, won 33 percent of the votes in the 1932 elections. And by January 1933, Hitler was appointed chancellor, which was the head of the German government. Germany started to feel like they might've found the leader they'd been so desperate for.

The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

The Great Depression caused many small businessmen, office workers, artisans, and peasants to vote Nazi. Hitler promised to use government programs to end the economic crisis.

To what extent was the rise to power of the Nazis due to the Wall Street Crash?

David Kennedy’s book Freedom from Fear: The American People in Depression and War 1929-1945 shines light on the financial impacts that hit the country during the Great Depression and World War 2. This book shares how some people assumed that Franklyn D Roosevelt was a successor in getting things moving to a better economy but if it wasn’t for Hoover things may have been worse, or that’s what I took from it. Kennedy starts off the book with talking about the end of World War 1 and how the Great Depression started with the treaty of Versailles because it had led men of World War 2 to believe that they could be better leaders of their country. A prime example would be Hitler who believed that Jewish people were the reason Germany failed and this led to him rising to power.

In 1929 the stock market crashes due to an unstable economy, over speculation and Government policies. Many people think that the stock crash was to blame for the Great Depression but that is not correct. Both the crash and depression were the result of problems with the economy that were still underneath society 's minds. The depression affected people in a series of ways: poverty is spreading causing farm distress, unemployment, health, family stresses and unfortunately, discrimination increases. America tended to blame Hoover for the depression and all the problems. When the 1932 election came people weren’t very fond of Hoover, but Roosevelt on the other hand introduced Happy Days and everyone loved that idea.

By 1924, after years of crisis management and attempts at tax and finance reform, the economy was stabilised with the help of foreign, particularly American, loans. This relative "golden age" was reflected in the strong support for moderate pro-Weimar political parties in the 1928 elections. However, economic disaster struck with the onset of the world depression in 1929. The American stock market crash and bank failures led to a recall of American loans to Germany. This development added to Germany's economic hardship. Mass unemployment and suffering followed. Many Germans became increasingly disillusioned with the Weimar Republic and began to turn toward radical anti-democratic parties whose

     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

In the 1920s, American economy had a great time. The vast majority of Americans in 1929 foresaw a continuation of the dizzying economic growth that had taken place in most of the decade. However, the prices of stock crested in early September of 1929. The price of stock fell gradually during most of September and early October. On “Black Tuesday” 29 October 1929, the stock market fell by forty points. After that, a historically great and long economic depression started and lasted until the start of the Second World War. The three causes of the Great Depression are installment buying, uneven distribution of wealth and the irrational behavior in the stock market.

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

The Great Depression and Great Recession were two unique events that had monumental impact on the economy. Both had similarities, and differences that made them unique. The Great Depression was caused by people living on credit, and when it was time to pay they didn’t have the money, this happened on a wide spread scale. The crashing of the stock market was what officially started the Great Depression in 1929. The great recession was caused by subprime mortgages as well, as risk taking by financial institutions. Much like the depression people were living over their heads, and when it was time to pay their bills they were unable to. Both the Great Depression and Great Recession were brought on by bubbles, for the Great Depression it was the stock market bubble, for the Great Recession it was the housing bubble.

There were many primary causes for The Great Depression, Unequal distribution of money to the economy,

This was due not only to Hitler’s strongly persuasive oratory skills, but also due to their strong use of propaganda in which Hitler used the failures and misery caused by the great Depression to his advantage. Hitler appointed Goebbels as head of propaganda in 1930 and then adjusted the Nazi aims to what the public wanted, in order to gain support, for example they increased propaganda blaming Jewish people for Germany’s problems and convinced many Germans that the Jews were to blame for the poor economic state. Hitler already had the support of German industrialists and upper middle class socialites; however in order to have a majority in the Reichstag and thus become chancellor he needed to broaden his appeal. He did this using propaganda aimed at those worst hit by the depression such as the rural and lower middle class, as well as