StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Great Depression of the 1930's - Research Paper Example

Comments (0) Cite this document
Summary
The Great Depression of 1930s Introduction The great depression of the 1930s is probably the worst chapter in the American history. The economic downturn which was triggered during the collapse of stock markets in the year 1929, worsened further year after year and finally hit rock bottom by the end of the year 1933 and continued for several years till 1939…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
The Great Depression of the 1930s
Read Text Preview

Extract of sample "The Great Depression of the 1930's"

Download file to see previous pages The depression not only resulted in loss of jobs, but also resulted in psychological crisis which was attributed to loss of income and property, and the resultant sense of gloom which was endured by the country during those tragic years. Such events put the government and the Federal Reserve under great pressure to safeguard the rapidly deteriorating economy from worsening further and eliminate the social and commercial crisis faced by its people (Campbell, 2008). The exact reasons which led to the great depression are highly complicated in nature, and have been the subject of various debates among historians. Initially during the beginning of 1920s, the nation’s economy was relatively strong and consumer-oriented, with a booming automobile and consumer goods industry which produced products in large numbers to cater to the wide market. This could be substantiated with the presence of large companies such as General Motors and General Electric, which were not only successful in the consumer goods market but also a major source of investments in the New York Stock Exchange along with other financial markets. The stock markets and financial institutions prospered greatly during those years, which led to a huge investment in those sectors, leading to an unprecedented rise in stock prices. The government concern increased, with the increase in stock prices, and the Federal Reserve along with the government began to introduce and develop policy measures to control the rising stock prices. Such measures taken by the government and the Federal Reserve paved way for the impending crash of the stock market, which began during October 1929. Although historians so far, have failed to pinpoint one single event which led to the collapse of the stock markets, and the resultant economic downturn that followed, resulting in billions of dollars worth of loss, large scale unemployment, failure of banks, and years of economic and social unrest. Timeline history of the period Year Events 1929 Feb 2 Federal Reserve Bank bans bank loans for margin trades June 15 - August Agricultural Marketing Act passed, Economic expansion peaks Sept, 3 Stock prices peak Oct 24, Oct 29 Black Thursday, sales of stocks was recorded at an all time high of 12,895,000, and 16,410,000 respectively resulting in a record forty points drop in the New York Times index Nov 13 Stock prices record a new low 1930 October Unemployment rises, Committee for unemployment relief formed Dec 2 Government funds a $150 million public works program. By the end of 1930, nearly 1350 banks suspend their operations 1931 Official report suggests that nearly 4-5 million people were unemployed Oct 16 New York Federal Bank increases its discount rate from 1.5 per cent to 2.5 per cent Oct 23 New York Federal Bank once again increases its discount rate from 2.5 per cent to 3.5 per cent Dec 11 New York Bank collapses. By the end of the year nearly 2293 banks shut down Lack of economic safeguards During the depression there was large scale unemployment, various banking and other financial institutions failed and had to shut down, and there was a sharp decline in the GNP leading to disastrous outcomes. Such widespread and negative repercussions were mainly as a result of lack ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Great Depression of the 1930's Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1428628-the-great-depression-of-the
(The Great Depression of the 1930'S Research Paper)
https://studentshare.org/macro-microeconomics/1428628-the-great-depression-of-the.
“The Great Depression of the 1930'S Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1428628-the-great-depression-of-the.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Great Depression of the 1930's

Depression and the New Deal

By means of the motion picture newsreels, selected segments of his major addresses or staged retakes of important Fireside Chats and radio addresses portrayed his ebullient, confident delivery and infectious Rooseveltian grin; thus, the sound of his superb voice was reinforced by the visual dynamism of his delivery (Felzenberg 2000). 

When Roosevelt assumed office in 1933, he displaced a president who had failed to solve the riddle of 20th-century presidential communication: how to mobilize a mass public separated from him by time and space. Indeed, it is unclear that Herbert Hoover even recognized his dilemma. For most of his presidency, Hoover preferred to confine his interactions to Washington elites; he preferr...
12 Pages (3000 words) Term Paper

Achilles and Jason: Great Heroes in Greek Mythology

Beye, R,,& Gardner, J., Epic and Romance in the Argonautica of Apollonius.  Carbondale: Southern Illinois University Press, 1982.

 

Cotterill, H.B., Goethe, Milton & Virgil, Ancient Greece: A Sketch of Its Art, Literature & Philosophy.  New York: Frederick A. Stokes Company, 1913.

 

Funk & Wagnalls New Encyclopedia, Vol. 1 Funk and Wagnalls, Inc.

 

Groiler Encyclopedia, New York: Groiler Inc., 1961

Hamilton, E., Mythology, New York:  New American Library, 1943,

 

Howatson, M.C., ed., The Oxford Companion to Classical Literature. Oxford: Oxford U...

7 Pages (1750 words) Term Paper

Analysis of All Changes Great or Small Exploring Approaches to Change and Its Leadership Article by Higgs and Rowland

The change referred to in this context includes a broad array of topics. From an individual perspective, the change may be a new behavior. From a business perspective, the change may be a new business process and/or new technology. From a societal perspective, the change may be a new public policy or the passing of new legislation. Successful change, however, requires more than a new process, technology or public policy. Successful change may require the engagement and participation of the people involved. Change management provides a framework for managing the people side of these changes. The most recent research points to a combination of organizational change management tools and individual change management models for effecti...
13 Pages (3250 words) Article

S&T Debt Factors

The agreement contains a credit default contracts that include credit default swaps, default index contracts, credit default options, and credit default basket options. One can use these as part of the mechanism that is collateralized by debt obligations. The goal should be to establish a price for a given risk and controlling credit based on risk. The credit can be allowed by minimization of risk. Credit controllers should develop versatile tools that transfer risk away from a lender’s balance sheet.
d) With reference to the proposed debt counseling business, illustrate and explain exactly how you would organize the debt counseling operation, taking particular care to explain how and when you would receive payment for...
6 Pages (1500 words) Case Study

The Shining as the Great Adaptation

Kubrick was considered as being a master of the tracking shot, the reverse zoom and the painting technique for the film. His adaptation of Stephan King’s horror novel ‘The Shining’ was a great box office success and this means that the film was popular with the audience. Thus, it is very likely that something can be learned from a discussion about the adaptation of Stephan King’s novel for the film by Stanley Kubrick. This essay presents a discussion about the adaptation and the transformation of Stephan King’s novel ‘The Shining’ into the movie by Stanley Kubrick with the same name.
I hereby certify that, except where cited in the text, this work is the result of the research carried...
17 Pages (4250 words) Movie Review

Depression in Children: Prevention and Treatment

Various theories have been put forward for the development of depression. It is important to understand the causes of depression in children so that proper intervention can be provided in proper time and in an appropriate manner.
According to the Cognitive Theory of Depression, negative thinking alters the perceptions, interpretations, and memory of the personal world and leads to the development of depressive symptoms. The Parent-Child Model for Socialization theory proposes that intrusive support from the parents to those children who are constantly involved in the negative self-evaluative process causes depression The Tripartite Model of Depression and Anxiety theorizes that depression is characterized by the low positive...
6 Pages (1500 words) Literature review

The Great Recession and France

Some countries have pushed for an international consensus on issues of concern to all. France, which has suffered severely from the crisis, with an economic contraction and rising unemployment, has tried stand in opposition to the UK and the United States both of which believe minor financial regulations can alter and improve the situation—France would like to see more wide-ranging reforms accomplished through the increased unification of Europe. Efforts to deal with the crisis have led the French government to seek out more partners in Europe and try to push Europe wide reforms and a sort of European (as opposed to American) new capitalism. The government of Sarkozy has criticized British tax cuts and suggested the key to g...
8 Pages (2000 words) Coursework

The Great Gatsby by F Scott Fitzgerald

... The Great Gatsby In The Great Gatsby, Jay Gatsby has set his sights on winning back the only girl he ever felt he loved. Because Daisy is already married to Tom when Gatsby returns from the war and because she has always been a child of privilege, Gatsby reasons that the best way to win her back is to be rich and to have flashier things than those of her husband. Toward that end, Gatsby gets involved in the illegal bootlegging business during the 1920s prohibition period, he buys a huge mansion that affords him a view of Daisy’s house from the back and he throws lavish parties in an effort to try to lure Daisy across the water into his world. His plan seems to be succeeding as he visits with her several times and she seems...
10 Pages (2500 words) Book Report/Review

The Isolation and Depression of Women

In the story, one symbolism used to represent the sensitivity and weakness of women is the chrysanthemums themselves. The chrysanthemums are described as having stems that are too small and easy for Elisa’s energy, and this is basically the same as her character. As a weak and sensitive woman, she easily becomes prey to the kindness displayed by the stranger. Just like the chrysanthemums that need to be constantly transplanted and regularly cut, women like Elisa easily believe what men tell them although this is not necessarily true. Moreover, the chrysanthemums are somehow ridiculed by Harvey when he tells Elisa, “Some of those yellow chrysanthemums you had this year were ten inches across…I wish you’d wo...
7 Pages (1750 words) Literature review

Smokers in Great Britain and the USA

...Smokers in Great Britain and USA are Increasingly Treated as Social Pariahs. Introduction. The change witnessed in the attitude towards smoking overthe last three decades is noticeable. In the past smoking especially in the work place was the norm. The habit of leaving a building to smoke outside in the rain had not begun and many people were smokers. Majority of the population were smokers. All over sudden, things began to take a new direction and the government realized the need to educate its citizens on the risks of smoking. This decision was difficult one considering the income in taxes that are collected from sale of cigarettes (Crystal, 2014). However, the cost of handling many health issues caused by use of cigarettes outweighed...
6 Pages (1500 words) Personal Statement
sponsored ads
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.

Let us find you another Research Paper on topic The Great Depression of the 1930's for FREE!

Contact Us