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Freedom from Fear - Essay Example

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Summary

The paper "Freedom from Fear" highlights that the economic and social situation presented many challenges that hindered the progress of the American people. However, behind the devastation, the fear helped the American people to regain their confidence and hope for a better future…

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Subject: History
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 4
Author: noel26

Extract of sample "Freedom from Fear"

The great depression marks a time in history when the market crashed in 1929, affecting the American people and the rest of the globe (Bernanke, 2004).

The depression caused fear among the American people because of the dull economic future presented. The fear came as a result of a market crash that led to economic, political, and social implications. Poverty, unemployment, deflation, minimal profits, and poor personal and economic growth fueled the fear (Bernanke, 2004). The depression signified a time in history where the market dynamics failed to meet the expectations of the American people. The depression trickled down to other parts of the globe causing panic and fear. Furthermore, the depression led to critical, political changes in the United States. This can be explained by the landslide win of Franklin Delano Roosevelt in 1932 (Bernanke, 2000). Lastly, the depression caused increased emigration due to fear and panic experienced by the American people (Bernanke, 2004).

The fear caused by the depression hindered the progress of the American people to a considerable extent. This is because some left the United States because of the deem future they pictured (Bernanke, 2004). Read More

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