We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

TheGreat Depression - Term Paper Example

Comments (0)
Summary
Course: Date: The great depression refers to the global economic break down that shook financial markets, especially in North America, Europe and the rest of world’s developed economies. The great Depression occurred in the period right before the 2ndworld war around 1929 and extended into the century up to about 1939; this period was characterized by severe financial repercussions that had long-standing effects on individual investors, banks and other financial institutions…
Download full paper
GRAB THE BEST PAPER
TheGreat Depression
Read TextPreview

Extract of sample
TheGreat Depression

Download file to see previous pages... Many banks and businesses went under as a result, and this instigated the fall in the economy potential, as there was reduced spending, low demand, low production and high unemployment accordingly.2 Even though, the great depression had its origins in America, all the European nations were greatly hit as they were heavily relying on the US for financial loans; the US had emerged as a great credit in the post world war one period. The complex financial relationship between the European economies and the US was inevitably the reason why the great depression could not be contained in the US, but later spread to the rest of the European nations. Nations were thrown into panic mode, most of them adopting restrictive measures, especially concerning foreign trade as mitigation to salvage their local industries.3 Discussions on the great discussion have yielded important information on the delicate financial market relationships, and this is a key area of concern especially in the view of contemporary global economic ties. This topic is relevant to global economies as it provides vital lessons that could help mitigate the risks of a future global financial slump.4 This paper will focus on various aspects of the great depression including, but limited to its causes, its effects in America, and the rest of European economies that were hugely indebted to the US at the time. In as much as the great depression was sparked by the great slouch in the New York stock market prices, there were other underlying factors that have been attributed to it. These factors are specifically weaknesses and imbalances that existed in the American financial system, but they had long been ignored due to the rapid economic growth, and the resultant speculative optimism. The onset of the great depression revealed the faulty premises of the American financial system, and its failure of America’s political and financial institutions to manage the economy. Concerning the causes of the great depression, five factors have been top on the list, the fall in stock Market prices, failure of the banking system, a decline in the purchasing power, the American- Europe economic ties, and famine.5 Prior to fall in stock prices, banks had been lending out large sums of money to businesses and investors, even way beyond their capabilities; this gave rise to debt deflation. After the crash in prices, great losses were incurred by stock investors as the value of stocks had gone down drastically i.e. stocks lost over 90% of their value, and stockholders incurred losses amounting to over 40 billion dollars. Many banks could not recover their loans as many debtors defaulted in payments, and as a result, many people withdrew their deposits. Rapid measures of self-preservation were taken by the surviving banks and this included cutting down on loans, a desperate move that resulted to further limitations to the economy. Bank's restrictive measures to limit lending, coupled by loss of jobs and the resultant unemployment led to harsh times in the history of the US economy; there was low output and low demand of products and as such, many businesses suffered insolvency. About 11,000 banking institutions had collapsed by the year 1933, as they could not ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Great Depression
According to the study conducted the Great Depression brought unprecedented changes to American life in a variety of its aspects: economic, social, political, domestic, cultural, etc. The Great Depression developed as a result of considerable disparities in the American societies as well as the uncontrolled speculation in the stock market.
8 Pages(2000 words)Term Paper
Depression
Researchers have produced copious amount of literature in order to highlight the various issues faced by clients suffering from depression and based on the findings covered in the literature, substance abuse is by far the biggest problem that individual suffering from depression experience.
1 Pages(250 words)Essay
Recession and Depression
The study further gives examples of how individuals can take precautions to protect themselves in case of recession or depression.The effect of depression and recession on supply and demand of products is also explained in the study. Recession This is a term that is used in economics to mean a decline in economic activities.
6 Pages(1500 words)Term Paper
Causes of Depression
High stress level *Financial matters as commonly the sources of high level of stress can lead to depression. *Relationships have an impact on individual’s mental functioning which made it other remarkable sources of stress. Alcohol or drug abuse *Drugs and alcohol make an individual susceptible to mental disorders.
4 Pages(1000 words)Term Paper
The Depression and Coping Mechanisms
How is depression defined in academic circles? Academic professionals have written many books and articles about depression based on their specific academic circles. On the other hand, mental health specialists explain depression as a feeling of low self-esteem, low moods and a lack of interest in enjoyable activities.
11 Pages(2750 words)Term Paper
Major depression disorder
Research indicates that there are various risk factors that can aggravate the chances of MDD’s onset. There are several treatment methods that can be used separately or in the combination according to the severity and cause of depression. It is important to note that nursing management, psychologists and clinical specialists, advanced practice nurses can also play an important role in the treatment of patients facing MDD.
3 Pages(750 words)Term Paper
The Great Economic Depression
As such, the country was able to effectively use its vast supply of raw material to produce a wide range of products. Basing on the speculation of quick profit, many citizens invested in the stock market. Nonetheless, this great prosperity waned in 1929 following gripping fear by the people that the economic boom was coming to an end.
5 Pages(1250 words)Term Paper
Depression
Feeling upset once in a while is a common thing, but it becomes a medical condition if it becomes permanent. The causes of depression remain to be multiple, but the most commonly known causes are: alcohol or drugs, treatments for illnesses like cancer, problems with sleep.
4 Pages(1000 words)Term Paper
The Behavior of Bipolar Depression
This disorder can however be treated and individuals with the condition can be able to live full and productive lives. Bipolar disorder frequently arises in an individual’s late
4 Pages(1000 words)Term Paper
The Great Depression
The worst effect was perceived in industrial cities, in several countries has virtually stopped construction. “This depression was
2 Pages(500 words)Term Paper
Let us find you another Term Paper on topic TheGreat Depression for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us