Home Blog The Great Depression. The great depression essay in front of you offers a detailed summary of what caused the Great Depression that took place between and - a period of worldwide economic crisis that began in the United States of America. From to around the s, a lot transpired across the globe. It was a dark period, which for many is better not remembered.
Our great grandparents and grandparents talk about this era and you can automatically feel the pain in their voices. It was not all dark though, there were moments of fun and happiness such as the roaring 20s even if it was short lived.
It is difficult to understand why so much hate prevailed, however, a closer look reveals a common factor, politics and superiority. Humans are megalomaniac by nature, there's no doubt about that - who wouldn't want some power for themselves. And so, when we submit to our instincts without any consideration for the consequences, the results are often disastrous. The Great Depression just like the other occurrences of that period in history are a result of politics, selfishness and greed.
There are numerous angles from which one can analyze the Great Depression, and therefore you will often come across a variety of essay about the great depression.
These are just but to mention a few. Note from the above list, there's a mention of Canada. This was because it was among countries that were terribly affected by the economic crisis. After the US when into recession in , Canada followed suit immediately. This is probably because her main trading partners were Britain and the United States who were already in a crisis.
The economic struggles faced in this country were dire at households had to struggle to barely survive. Food lines were a common thing as a significant percentage of the population relied on the government for support. From the above, it is explanatory why you will also come across "the great depression in Canada essay".
In , the prosperous United States was faced with a worst economic crisis. In the years leading to the Great Depression, America was a glamorous and blooming nation, a period commonly referred to as the roaring 20s. That was not to last, the Great Depression came, and it became nothing but desperation and starvation.
For a society that valued success to the extent that it was a measure of self-worth, a lot of people got depressed and felt humiliated. Not being able to provide for your family is a bummer even at this age which would explain why most people felt shame. The United stated was not the only country affected by the turn of events. It was a worldwide economic depression that saw industrialized economies such as those of France, Japan, Italy, Germany and Britain brought to their knees.
Germany, in particular, was already in a crisis as they were experiencing hyperinflation. To make the situation worse than it already was for Germany, France and Britain demanded that they pay them World War I reparations which were exorbitantly large. The period from to , saw the United States have four different sitting presidents before relief could come. It was during President Franklin Delano Roosevelt era that relief came.
The New deal saw Americans faith in the banks restored, and laws passed to restore the economy back to where it was. Although the New Deal worked for some time and reforms done on it to make it even better, it eventually collapsed. It led to what came to be known as "Roosevelt Recession", this was in It is almost ironical that what saved a starving and desperate nation was war. This was in December of Things took a better turn, and America began its economic recovery to the beaming success it is now.
So, what led to this dark era? A combination of factors led to the Great Depression. A look at the series of events that took place between and , it is evident that politics and leadership contributed significantly. From to , the United States had four presidents: Each had their own policies and agenda that contributed to the Great Depression. Leaders have the responsibility of guiding the society to survival, success, happiness and overall fulfillment of life.
Therefore, they will each create policies that will enable them to be in a position to do so. President Harding came to power in and passed on unexpectedly in He was replaced by President Coolidge. They both shared similar conservatism principles economically and politically.
There was a significant and constant decrease in spending. International policies in Europe and America that supported an increase in tariffs brought international trade to a standstill. Nations that owed America billions of dollars could not honor their obligations because of the effects of the depression. Despite these events, Americans continued to invest heavily in the stock market, which hit its highest mark in A decline began soon after and on 24th October , investors began to sell millions of shares in panic as the decline persisted.
The stock market crashed on 29th October Black Tuesday and investors including banks lost billions of dollars. The effects of the Great Depression were more severe in America but were felt across all world economies. Investors in the stock market could not pay their loans.
These included real estate companies. People demanded their deposits from banks in panic and as a result, there was less money in circulation. Companies closed down because of deflation and low demand while some laid down thousands of their workers.
Consequently, unemployment levels increased. Real estate properties that were once priced possessions lost value. Investors in real estate could not pay their mortgages. Banks repossessed their properties, which were worthless because no one could afford to buy them. Over nine thousands failed closed down.
The Great Depression was horrendous, no other panic or depression that taken place before can add up to the economic and social devastation that The Great Depression inflicted. However before the Great Depression even happened there was a Bull Market boom.
The great depression is an immense tragedy that took millions of people in the United States from work. It marked the beginning of involvement from the government to the country’s economy and also the society as a whole. After almost a decade of prosperity and optimism, the .
“The Great Depression of the ’s was a worldwide phenomenon composed an infinite number of separate but related events.” The Great Depression was . This essay on the great depression highlights the events that led to this period in history. It offers an insight into the key individuals that played a role, and an analysis of causes and effects of this era.
The drought that helped cripple agriculture in the Great Depression was the worst in the climatological history of the country. By it had dessicated the Great Plains, from North Dakota to Texas, from the Mississippi River Valley to the Rockies. The Great Depression was the worst and longest economic downturn in the history of the world economy. The Depression began in and lasted until This economic meltdown affected Western industrialized economies but its effects spread across other nations.