Essay on The Great Depression, Annotated Bibliography

The collapse of the stock market in 1929 marked the downfall of America along with the constant dustbowls. Document 3 shows a chart of the stock market crash of 1929 and how it increased the rate of unemployment in the United States. It

In conclusion, the Great Depression was a downside of America’s history. But, in the dark times, one of our nation’s best presidents came into light. Franklin D. Roosevelt once said “the only thing we have to fear is fear itself”. This meant in those times that Americans were doing more harm than good. When they withdrew their stocks and money from the banks, they were causing more damage to the economy. With shutting down the banks and getting congress together, they were able to solve the dilemmas of the Great Depression through actions taken by federal and state

In conclusion, the Great Depression had many contributing factors, and the Great Crash of 1929 was not the sole cause. The “Dust Bowl” was a major factor in the Depression, and foreign affairs as well as banking failures were important contributions

The journal article begins by introducing an African American couple who resided in Russellville, Kentucky. James Wright held an occupation as a corn cutter while his wife Gladys worked as a cook in a white home. The time span of their journey occurred at the beginning of the great depression all the way through World War II. Seeking better employment opportunities, James traveled to Louisville. Although, his first couple trips were in vain. His resilience and determination eventually lead to a job working for International Harvester. During an era of many trials and tribulations, James found a way to support himself and his family by migrating from a rural to an urban area. By sharing this anecdote the author establishes a mood of hardship

When the American stock market crashed on the infamous Black Tuesday in October 1929, the resulting circumstances were felt worldwide. This crisis resulted in a devastating economic collapse. The ensuing Great Depression was in fact a global event. The world was not immediately engulfed by this wave of economic decline. The timing of economic events varied greatly among nations. Different areas suffered from greater degrees and types of economic disaster. Yet, it spread like a wildfire. Many individuals blamed the US. They believed the Great Depression was largely "exported" by the United States through the economic policies it adopted during the 1930s. Major world nations responded to the economic crisis in various ways, as European powers and the Unites States strove to maintain global peace and the world military disarmament they had begun to establish in the 1920s.

After a while, many businesses went bankrupt, leaving business owners with bills that went unpaid. Luckily, after World War I ended, America had become one of the world’s leading creditors. By this time, Americans, with full confidence of being prosperous forever, were increasingly investing in stocks. Unexpectedly, in the days of 29 October 1929 the stock market had crashed. Banks that had invested heavily on stock market and real estate now had lost most of their money. There is only little money left in the country by now; the period of Great Depression had arrived

This paper will present a brief summary and discussion of the causes of the Great Depression based on Frank Stricker 's paper, "Causes of the Great Depression: or What Reagan doesn 't know about the 1920s." Stricker presents an argument as to what he believes to be the root causes of the Great Depression as they relate to the decade preceding the stock market crash of 1929. This review is intended for undergraduate and graduate students of U.S. American History. Stricker present 's several essential points in his paper. The capitalist form of economy, by its nature, has an insatiable appetite for ever-increasing profits. During the 1920 's profits were high, yet income distribution was unequal (95). The only real benefactors were

Throughout the many years of the Great Depression, the American economy plummeted greatly because of ongoing issues throughout the United States. The American market, and essentially continuously buying, are what keeps an economy in any country moving. The point at issue which allowed the economy to go down consists of three major factors. All three of these aspects took a great amount of citizens down along with all of their profits. Families, businesses, and employees struggled to stay standing during this time period. The American economy suffered this vast plunge because speculation in the stock market, maldistribution of income, and overproduction of goods.

The economic expansion of the 1920’s, with its increased production of goods and high profits, culminated in immense consumer speculation that collapsed with disastrous results in 1929 causing America’s Great Depression. There were a number or contributing factors to the depression, with the largest and most important one being a general loss of confidence in the American economy. The reason it escalated was a general misunderstanding of recessions by American policymakers of the time.

During this time, there was a series of financial issues such as the stock market crash, banks under the Federal Reserve shut down, and the federal government’s decision to raise interest rates. As soon as the stock market crashed, the Great Depression started to set in shortly after. Economist will forever remember this day as “Black Thursday” (Staff, 2009). Unemployment was at an all-time high, 13 to 15 million Americans were unemployed causing people to cease all spending. In return, goods began to pile up and the economy steadily declined into this depression (Staff, 2009). For workers that were blessed enough to remain employed, took a pay cut. Americans could no longer purchase goods on credit, cash way the only option. The economic downfall was so massive it affected North America, Europe, and all other industrialized areas because of the gold standard. The gold standard is what brought all the countries together monetarily, with all the industrialized nations having a fixed exchange rate it contributed to the spread of the depression to other countries (Staff, 2009). Economist assumed this depression would last a few months just as the other ones did, but they were so wrong. This was the longest time in history the United States experienced a depression that lasted for a

In the 1920s, American economy had a great time. The vast majority of Americans in 1929 foresaw a continuation of the dizzying economic growth that had taken place in most of the decade. However, the prices of stock crested in early September of 1929. The price of stock fell gradually during most of September and early October. On “Black Tuesday” 29 October 1929, the stock market fell by forty points. After that, a historically great and long economic depression started and lasted until the start of the Second World War. The three causes of the Great Depression are installment buying, uneven distribution of wealth and the irrational behavior in the stock market.

It is well known that the Great Depression was one of the most severe crises in American history. This complete collapse of American economy can be attributed to the lack of diverse industries to gain economy from, under consumption from the consumers, and a major credit structure problem. These are some of the reasons for the Great Depression, but even without these causes a collapse was bound to happen.

Many people speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash. The effects were detrimental beyond the financial crisis experienced during this time period.

The stock market crash of 1929 directly caused the Great Depression; however, many factors contributed to the fall. No one factor of combination of factors can be said to be the predominant cause of the stock market crash. Economics is not an exact science. It contains plenty of room for fluctuation (Nardo 36). The public was quick to blame the government. Herbert Hoover, President during the stock market crash, offered three main explanations for the crash: a slump in stock speculations, economics outside the United States of America, and World War I. The World War I theory was widely criticized and Senator Carter Glass thought it was no more the cause of the crash than the “war of the Phoenicians or the conquest of Gaul by Caesar.” (Nardo 36). The excuse that it was out of the United States’ control might have been accurate though. While the Great Depression was a global event, not all countries entered it at the same time. Eight countries - Canada, Argentine, Brazil, Germany, Finland, Poland, Australia, and the Netherlands Indies – entered the depression before the USA. However, nearly twice that number

After the Great War (1914-1919) came the “Roaring Twenties” followed by the Great Depression (1929-1939). After World War I America experienced the greatest economic growth in its history. Its economic expansion was due to how undamaged it was after the war. It became the richest country in the world at that time. The people enjoyed life as it were back then until the US experienced the largest economic downturn in history when the Stock Market crashed on 29th October 1929. It began in the summer months of 1929 when the US economy began experiencing a small recession where consumers began spending less and unsold goods began piling up, thereby slowing down production. While this was happening stock prices continues to rise reaching levels that could not be justified by anticipated potential earnings. This occurred for a few months until October 24th 1929 when the stock market crashed and America faced the Great Depression a few days after on October 29th 1929 . So what were the contributing factors of the Great Depression? These include: