Monday, March 25, 2019

The Great Depression Essay -- American History

The causes and far-r severallying do of The ample Depression are examined. Discussion includes its impact on both(prenominal) American cultures and nations around the world. The role of World War II and the raw(a) Deal in overcoming the Depression are explored.The Great Depression began in October 1929, when the stock market in the United States dropped rapidly. Thousands of investors lost all of their of silver and were forced to live on the streets often going without food. This crash take into the Great Depression. The ensuing period of 10 years ranked as the worst period of high unemployment and low business activity in modern times. Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and without food. Many people came to depend on the government or charity to provide them with food. The Depression became a world(a) business slump of the 1930s that affected almost all nations. It light-emitting diode to a sharp decline in world trade as each country tried to protect their own industries. The Depression light-emitting diode to governmental turmoil in many countries such as Germany where poor economical conditions helped lead to the rise of Hitler. Franklin D. Roosevelt was elected President in 1932 and his new deal reforms gave the government much power and helped slow the depression. The Great Depression ended as nations increase their production of war materials at the start of World War II. This increase production provided jobs and put large amounts of money back into circulation. Several factors led to the great depression. One being the lack of diversification in the American economy. The prosperity of America had been basically dependent on a some industries like construction and the automobile and in the late 20s these industr... ...l deficit and Bennett caterpillar track back on government spending. A great burden on the country was Canadian National Railway, the government had to take over many r ailways and from that took in a debt of over two billion dollars. After eyesight president Roosevelts New Deal policy having good results in the U.S. Bennett introduced policies base on the New Deal. Bennett started up minimum wage and unemployment insurance. However Bennetts attempts to remedy the economy were not nearly as successful as Roosevelts. as a result the depression was worse in Canada than in the U.S., and this led to the defeat of Bennett in the 1935 election to liberal Mackenzie King. Like in the U.S. the Great Depression did not end until the outbreak of the second world war. A boost in the economy was created by a strong imply of Canadian goods in Europe and an increase of government spending.(ibid)

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