The Great Depression - Essay Example

Only on StudentShare

Extract of sample
The Great Depression

When, on that Black Monday, the stock market did actually crash, and when bankruptcies and layoffs followed on its heels, the country was unprepared-due to ideology as well as limited governmental infrastructure-to deal with the economic repercussions.
All signs pointed to a booming American economy in the 1920s. Between the years of 1925 and 1929, the number of factories, shops, and other establishments of production rose from 183,900 to 206,700, better than a ten percent increase; the value of the products coming out of those establishments rose similarly, from $60.8 billion to $68 billion (Galbraith, 2). In addition, the number of new cars rolling off the assembly line rose from 4,301,000 in 1926 to 5,358,000 in 1929 (Galbraith, 2). The power of the American dollar was such that it was in constant circulation; Americans were making money at a faster rate than ever, and they were spending it at a faster rate as well. In addition to the unprecedented growth in the production factor, the question for many middle-class Americans came to be what they should do with their newfound surplus.
The Twenties provided no shortage of opportunities in this regard. ...Show more

Summary

The decade leading up to the stock market crash of 1929 and the following Great Depression is typically remembered as one of great prosperity; everybody, it seemed, was getting wealthier. While the rich added to their riches, even the working class was beginning to earn a little bit of money to put away…
Author : rosanna13
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The Great Depression"
with a personal 20% discount.
Grab the best paper

Related Essays

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
The Great Depression
It began in 1929 and stayed till late 1930s. The United States is one of those countries that were badly affected by this severe economic turmoil. This essay points out the main causes of the great depression along with its impact on the American society.
3 pages (750 words) Essay
The Great Depression
It is a time in history when the world`s economy depreciated to the lowest grid ever in the late 1920s (Burg, 2005:15). During this phase it recorded the highest unemployment levels, the production process in the world almost came to a halt, and a sharp decrease in the stock market prices.
4 pages (1000 words) Essay
The Great Depression
The New Era which came before the Great Depression was an epoch of low unemployment when prosperity reigned far and wide and masked the various discrepancies, especially in income.
7 pages (1750 words) Research Paper
Paper Assignment: The Great Depression
Introduction This paper will discuss the causes of the Great Depression and its comparison to the recent recession. Moreover, when were the seeds of both the crisis were planted? How the government responded? Was the employment and tax rate high? These are some of the questions, which will be answered in the discussion below.
5 pages (1250 words) Essay
The Great Depression
The Great Depression The Great Depression was a severe depression of the economy on a global scale that occurred in the 1930s decade and preceded the Second World War. The Great Depression served as the longest and broadest depression of the economy with the most significant effect in the 20th century.
4 pages (1000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT