DEPRESSION Essay -- essays research papers

Advertising.com COSHE.COM uncategorized large(p) DepressionGreat Depression The Great Depression was a disastrous business natural depression that affected millions of mass throughout the entire United States. It began in 1929 and continued on, to some degree, untilClick Here to Search COSHEs Database AgainGreat DepressionThe Great Depression was a disastrous business slump that affected millions of people throughoutthe entire United States. It began in 1929 and continued on, to some degree, until 1939. People baffledtheir jobs, and families lost their homes. The country was in total chaos. Some believed thatAmerica could never totally recover.There were several factors that contributed to the start of the Great Depression. One of them wasthe crash of the line market. It was 1929, and Republican Herbert Hoover had just been recentlyelected. During the previous few years, the stock market had been steadily rising, and everyonewanted their piece of the profits. By this time, ove r 1.5 million people owned stock in variouscompanies. People in every kind of financial situation owned stocks. It seemed that it was an easyway to make money, and close investors were getting rich. The stock market reached its all-timehigh on September 3, 1929. This caused up to now more than people to buy stock. In October of 1929,however, the stock prices slowly began to decrease. This did not bother the stockholders that muchbecause they just figured that the stocks would go back up like they always did. Unfortunately,these predictions were terribly wrong. On the 24th of October, the stock market plummeted.Shareholders speed to sell their stocks as quickly as possible, but they found no buyers. The 24thcame to be k directlyn as "Black Thursday." Five days later on there was a "Black Tuesday." That waswhen more than sixteen million stocks were sold at a great loss. One stock had dropped from onehundred dollars to exactly three dollars per share. The Presiden t and the bankers tried to assurepeople that there was not a crisis and that it was only a temporary situation, but they could not havebeen more wrong. When the stock market crashed, it upset the whole economy. Because the stockprices were so low, no one would invest in them. This meant that the large and small companieswho depended on the stockholders support now had major financial problems. Thousands o... .... President Franklin D. Roosevelt had truly done what the American people so desperatelyneeded. He helped save the United States from the worst and most desolate depression in thehistory of the nation. He had become a national hero, and grew to be so popular that he won theelection of 1936 by an even greater majority than the previous one. When the United States enteredWorld War II, unemployment nearly disappeared. Industries became busy again trying to keep upwith the war material orders and numerous young people entered the armed forces to fight for freedom..The damage f rom the Great Depression that Roosevelt and his "New Deal" could not fix, the warcertainly did. Several insights can be learned from the Great Depression. Perhaps the biggest one isthat the United States government can positively influence the economy by creating massiveprograms. Also, that many Americans have the pure tone of compassion which is necessary in order toprovide for the less fortunate. Perhaps the greatest lesson taught was that no matter how big theproblem, there is always hope for a solution, as long as there is determination, devotion, and acommitment to solving that problem.