Free great depression Essays and Papers

 

essay about the great depression

Essay: The Great Depression “The Great Depression of the ’s was a worldwide phenomenon composed an infinite number of separate but related events.” The Great Depression was a time of poverty and despair caused by many different events. Great Depression Essay. the victorious moments to the days of misery and hardship. A prominent decade of true misery and hardship recalled by Canadians is the Great Depression. The Great Depression of the s was a time of severe poverty, unemployment and unjust treatment experienced like never before by Canada. The Great Depression Essay - Many adolescents, In the Great Depression, received the full affects and suffered. Some were left hungry, impoverished, and hopeless, how are adolescents today compared. The 30’s were a time of great distress for many Americans. Events such as the stock market crash.


Great Depression Essay | Bartleby


The great depression is an immense tragedy that took millions of people in the United States from work. After almost a decade of prosperity and optimism, the US was now exposed essay about the great depression a period of despair. The day when essay about the great depression happened is referred to as Black Tuesday, and it is the day when the stock market crashed. That was the official date when the Great Depression started.

The stock market prices crashed to an extent that there was no hope for them to rise again. A long period of panic struck, and there was darkness in terms of stock market prices. Many people tried as they could to sell their stock, but, unfortunately, no one was ready to buy. The stock market that had for long been viewed as a path to wealth and essay about the great depression was now a sure essay about the great depression to bankruptcy Martin Failure of the stock market.

The stock market was not the only one that was affected; actually, that was just but the beginning of the Great Depression. In effect, it was unfavorable for the clients whose money was already in the markets for investment: many banks had done that and that meant a huge loss to the clients.

It was also a double loss in that though the clients lost their money, the banks were forced to close down. This is because they directly depended on the stock market. When this happened, it caused much panic even to other people, and this is what made them go to the other banks that were open to withdraw their money. This kind of massive withdrawal had a major effect in that it caused the banks to close too. What is more, it was a disadvantage to those who did not withdraw their money because of not reaching the bank on time.

After the banks closed, people went bankrupt and could not claim anything whosoever. Business and industry failure. Industries and businesses were highly affected too. This is because they were also working hand in hand with the stock market. Since the stock market had closed down, this meant that their savings and capital were lost.

This affected the labor in the businesses since they had to cut on the number of workers who worked in the corresponding companies. The stock market issue also affected the customers in that essay about the great depression stopped buying and spending essay about the great depression luxurious goods.

This influenced greatly the companies that produced these commodities in terms of sales and also getting profit. The companies too had to close down Martin The Great Depression affected the farmers in a very adverse way. Though they always survived other depressions that they encountered, this one was a big challenge to them.

Most of the farmers were situated at the Great Plains before the Great Depression took place. The territory was affected so badly by drought and dust storms which were horrendous in nature. They created a situation that was referred to as the Dust Bowl. The farmers were used to overgrazing, and now this had to combine with the effects of drought leading to a blow to the farmers.

The latter were even left without food and crops for their animals. This is because the grass that the animals could feed on had already dried up and disappeared in the long run.

The loose dirt was picked by the whirled wind, and topsoil got exposed. The farmers were left without crops as the wind picked up everything on its way Martin Small scale farmers disadvantaged. Small scale farmers were more disadvantaged than the large scale farmers. They turned out to have a small piece of land on which they had to get their daily bread. Some of these farmers asked for tractors from their respective governments, and thus, essay about the great depression, they were made to pay some amount to cater for those.

The hit that the farmers went through could not enable them to pay their debts. They could also not make it to feed their families, not mentioning themselves. Some of the farmers had also capitalized on the stock market and bank. Since the stock market was affected, and as a result, the banks too, the farmers suffered as well. Losing their investments and crops influenced greatly the way they related with each other and had an impact on their contribution to the economy of the land.

Many people lost their jobs during this time of the Great Depression. Having lost their jobs, it was very difficult for people to bring food on the table.

Families were even forced to sell their houses and move to apartments. Others were made to move in together since the standard of living was going down day by day. Paying rent was now a very hard thing to achieve. It was even complicated for people to separate or divorce. This was the time when the rate of separation and divorce went down. This is because everyone needed the other to contribute, especially in paying the rent.

Due to ego, men who had already lost their jobs felt ashamed even to walk in the cities, and, therefore, they were forced to stay in their homes. If at all the wives and the children were working, they felt that their status was challenged.

Even in this situation, the two categories aforementioned were forced to go looking for jobs. As a matter of fact, it was hard to get jobs locally because every part of the country had been affected. Many people were seen on the roads looking for jobs. Many people could not afford luxurious goods like cars, essay about the great depression, and thus, very few cars were seen on the roads.

A lot of the cars were on sale since maintenance costs were unaffordable. The majority of teenagers were affected as they were the people who were seen on the roads walking up and down looking to get some job Martin Older men, women, and families at large were on the rails too. They would be seen boarding trains just to cross and see whether they could get some occupation. Those who could not get the job would end up living in shanty towns which were outside the town.

The houses in such places were made of affordable cheap materials like newspapers, essay about the great depression, wood, mud, cardboard, and iron sheets. Farmers who could no longer afford their previous lives would be found in western California. This is because of the agricultural opportunity rumors that came from that area. It is true that there were periods of agricultural opportunities. The farmers were nicknamed as Okies and Arkies, essay about the great depression.

The citizens always blamed the governing President, though he always talked about optimism. Some of the shanty towns which were far from big cities were named after him — for instance, Hoovervilles.

Interestingly, newspapers used to cover people sleeping in the streets were called Hoover Blankets, essay about the great depression.

What is more, even bad looking broken cars were referred to as Hoover Wagons Martin Human suffering. The Great Depression had a huge impact in that it caused human suffering. It took a very short time, and the levels of living went down drastically. People started borrowing from each other just to survive. Unemployment increased since industries could not take employees anymore.

They could not afford to pay the people what they deserved. Research shows that at least a fourth of the labor force in all the industrialized countries could not work anymore Martin The industries could not satisfy them in terms of wages. This was noticed inand the total recovery was only realized by the end of that decade. End of international gold standard, essay about the great depression. The Great Depression is seen as a cause of international gold standard. There was no money to invest anymore, and it was evident that the interest rates went down too.

There was also the introduction of floating rates, and people stopped using the fixed exchange rates. On the other hand, there was an expansion of the welfare state and labor unions in Union membership went to an extent of doubling between that year and This was a result of extreme unemployment and the National Labor Relations Act which was passed in All this led to collective bargaining.

The US took an extra mile of coming up with unemployment compensation. This was incorporated in the Social Security Act the same year. Its aim was to cater for the hardships that the citizens were going through in The rate at which the government regulated the economy increased substantially. The focus was mostly on the financial markets. Different bodies to carry out this function were established.

These included the Securities and Exchange Commission which was established in The main role of these institutions was to control and regulate stock issues in the stock market, especially with regard to the new products, essay about the great depression. The Banking Act went ahead to come up with deposit insurance, whose role was to work with the banks by prohibiting them from underwriting.

Deposit insurance was not so popular in the world up to the Second World War.

 

Essay: The Great Depression

 

essay about the great depression

 

The Great Depression Essay - Many adolescents, In the Great Depression, received the full affects and suffered. Some were left hungry, impoverished, and hopeless, how are adolescents today compared. The 30’s were a time of great distress for many Americans. Events such as the stock market crash. Essay: The Great Depression “The Great Depression of the ’s was a worldwide phenomenon composed an infinite number of separate but related events.” The Great Depression was a time of poverty and despair caused by many different events. Great Depression Essay. the victorious moments to the days of misery and hardship. A prominent decade of true misery and hardship recalled by Canadians is the Great Depression. The Great Depression of the s was a time of severe poverty, unemployment and unjust treatment experienced like never before by Canada.