Great Depression Outline
History Outline
Monsy
Rodriguez
The Great Depression
Thesis: In its duration and magnitude, the Great Depression was indefinitely more severe than any other episode of "hard times" in our history and it was the molding force of the America we live in today.
Purpose of Your Hook: The purpose of my hook is to get the reader's attention and have them keep reading and get through the whole essay.
Key Point of Introduction: The purpose of my introduction is to expose the reader of my topic and my three main arguments/body paragraphs. This would be the molding effect the Great Depression had on today; the short term effects and the lasting effects. Also how it changed the way people saw the government and banks and how it changed the way...show more content...
Purchase tools, necessary kitchen equipment, garden necessities, fishing gear, and other items to help improve your measure of self–sufficiency"
* "Buy American. As much as possible, avoid purchasing imported goods and look for American–made products to help our country pull itself out of the recession. You may have to track down companies online and ask local shops to carry American–made goods. The extra dollars spent are well worth it. If we all followed this practice, imagine the outcome. Keep your money here; don't send it overseas." * "Seek multiple income opportunities, rather than relying on one sector or one company for the family's support. If your job is highly secure, you're in a better position, but still look for side income opportunities. If your job is threatened or unstable, build up additional income sources right away." * "Produce and preserve food. We plan to have a large family garden and our own laying hens in the backyard. As local fruits and vegetables come into season, I will pick and preserve my own – strawberry preserves, frozen peaches and jarred apple sauces are all simple to put up from local, inexpensive bounty." * "The Great Depression was caused, just like now, by the excessive use of credit. Many people are in the horribly financial situations they are in because they owe way too much money to creditors. Their money Get
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The Great Depression is remembered as one of the all time lows for economic and financial growth in American history. Companies were unprepared for the economic turmoil that erupted on October 29, 1929 (Buronio, 2012). In order to never repeat the same economic turmoil in the 20th century, companies must constantly be aware of the fault lines that could lead to failure. In some cases, companies must reinvent themselves if they want to survive over a long period of time (Bertolini, Duncan, Waldeck, 2015).
An article called ", Knowing When To Reinvent," was composed by three company leaders, one being a CEO, to inform other company leaders about potential fault lines that have caused many companies to have downfalls. However, to prevent economic downfalls, the authors compiled a list of the downfalls and how to avoid them. Many companies have taken what seemed to be drastic measures to be successful in a changing marketplace. The thesis outlines the five fault lines within the article which are:customer needs, performance metrics, industry position, business model, and talent and capabilities (Bertolini et al., 2015).
Several key points are presented in the article for how companies can be successful. The first, is that companies must be innovative and be willing "to change their core products or business models" (Bertolini et al., 2015, p. 90) to keep up with the change in the marketplace. This may require that they rebrand their product, or change their business
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Many adolescents, In the Great Depression, received the full affects and suffered. Some were left hungry, impoverished, and hopeless, how are adolescents today compared? The 30's were a time of great distress for many Americans. Events such as the stock market crash, an economy suffering from being inflated, overuse of credit, a farming crisis, and other events led America to the economic downfall known as theGreat Depression. During the great depression, the unemployment was high, the wages were low, lines stretched around the city for food, families that lost their house had to live in makeshift homes in communities called hoovervilles, and children had to stop school to work for money. Teens effected by the Great Depression worked...show more content... Today, we live very different social lives than teens during the Great depression. Teens today are very social to other people; we interact with others by Email, mobile phones, social network sites, and attending school. Today, teens are very concentrated in their social life, you can see many teens on the computer using Facebook or using their phones to text their friends. With these new technologies, we can communicate to friends without being next to each other or writing letters. Teens interact with adults by talking to teachers, parents, and ordering food at restaurants.
Teens now and teens in the great depression compare culturally in numerously. Adolescents during the great depression would find a ways to escape the horrors of the depression without spending too much money. Teens would play sports, board games, playing cards, listened to the radio, watched movies, and listen to jazz music. Sports like baseball and football were enjoyed during the great depression, new board games such as scrabble and monopoly were widely played, and card games like whist and bridge passed the time. They would listen to news broadcasts, sports, dramas, radio shows on the radio. Teens and all people would attend movies at the movie theater, movies like Gone with the Wind and those starring Shirley Temple were adored. Walt Disney's animated movies also came during the Great Depression, films like Snow White and the Seven Dwarfs were some of his work during
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The Great Depression Essay
The Depression was a period of time after the economic boom of the 1920's in America, when the economy went downhill. People lost money, jobs, shares, businusses went bankrupt and the farming industry suffered greatly. The Republic Government at the time lead by Hoover was still following policies of Lassez Faire so business was not getting the support it needed to get it back on track.
The Republic Governments Protectionist policies were one of the causes of the great depression. There were trade problems associated with their protectionist policies. The Republic Government made high tarrifs on imported goods. This was to make sure that the Americans were buying their own products. Buying American products meant that they would be...show more content...
The Farmers found that they could not payy of their mortgage debts and got evicted from their residences and farms as a result. Workers lost their jobs because the employees were no longer in control as they had been evicted because they couldnt pay off debts.
International Debt was another cause of the depression in the United States. The United States was still being effected by International trends. Even though the US was going through a stage of prosperity, the International economy was still recovering from war. There were war debts that needed to be repayed to other nations. There were reparation repayments that needed to be payed because of the effects of the war. Also the depression and inflation of Germany which was Europe's largest economy had an impact on the economy of the United States.
The Wall Street Crash was a trigger for the collapse of the United States economy.On Tuesday the 24th of October lots of inverstors tried to sell their shares at once. this made share prices drop very fast. by the end of the day the stock exchange had lost four billion dollars. Many of the stock brokers sold shares on margin. To buy shares to begin with they had to borrow money from the banks. when the stock prices began falling the brokers needed to repay their debts to the banks. the only way to do that was if their customers payed them back. the customers had to sell their shares to pay the brokers back and they
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Essay
The Great Depression
example
Effects of the Great Depression The introduction of the discussion will focus on the origins of the Great Depression and the escalating events that led to it. This will provide adequate foundations to bring up questions and attempt to answer them in an objective fashion as to why and how the Depression affected different industrialized countries in different ways.
The core of the debate will consist of detailed comparable analyses of the consequences of the Depression with an emphasis on the economic aspects. The conclusion will provide a brief overview of the ways used by the different governments to get out of that dark episode of world economic history.
When studying the Great Depression and...show more content...
Clearly, the U.S. was going from being a traditional debtor of Europe before World War I to becoming its creditor: America had financed the war and it was issuing loans for its reconstruction. However, the attitudes in the U.S. were evolving in an unusual direction: an increasing number of American financiers were starting to literally seek ut potential borrowers which led to competition among U.S. banks and the spreading of unsound lending.2 The main object was to "do the most business", even at the expense of essential caution. What seemed like a beginning of recovery from the Great War, was in fact an immense accumulation of debts, which made the international economic order vulnerable to depression. Analyzing these events with the insight we have today, they seem even more unbelievably audacious given the high instability of the borrowing nation. (i.e., Europe)
The triggering event was the crash of the Wall Street stock market in October of 1929. The stock market collapsed after steady declines in production, prices and incomes over three previous months which forced the speculators to revise their expectations. Anxiety soon gave place to panic which led to the crash. However, the depression affected the different industrialized countries in various ways and degrees of intensity.
The depression was of especially great magnitude in the U.S. because there were not any welfare
Essay
about Effects Of The Great Depression
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The Great Depression was a time of sadness and poverty for many. It became an unforgettable historical time in American history. The author of the book The Great Depression, Pierre Berton gives a clear view of what happened from 1929–1941. He basically outlines the Depression event by event, explaining what happened where and who was involved. Although many books can tell stories of the depression, I think the author of this book did a good job getting all the facts and letting the reader know exactly what happened. It is easily shown that the author, Pierre Berton, didn't show much opinion in this book. He mainly focused on just the facts. He would however give some personal views of reasons for certain...show more content...
The sluggish economy drastically reduced the quantity of goods and services bought and sold. The industrial and financial urban centers suffered from large numbers of business failures, which came about in 1932 with over 30,000 failures world wide. Almost 2500 banks were forced to close their doors because of lack of liquid assets. Because of these massive closings and shut downs, it led to massive unemployment. Unemployment was at an unheard high of 25 percent in 1933. As a result of this, children received inadequate nutrition and healthcare. Starvation had become an everyday occurrence. Some unemployed were evicted from their homes and left in search of jobs or charity. Between 1928 and 1932, the suicide rate in the US rose 30 percent because many people who had lost everything had committed suicide in shame of their losses. According to Pierre Berton, the depression in both rural and urban areas demonstrated the inability of the US economy to cope with the impact of the of the stock market crash. Everything that could go wrong did for the citizens living in America in the 1930's. The author explains three main ideas of why the economy took so long to recover for the market crash according to economists. One being that inequality of wealth and income lead to instability and set the stage for the big impact the depression had on those at the bottom of the economic world. Secondly the industrial Get more content
Essay on The Great
Depression
The Great Depression
Many times throughout history, the United States has undergone economic depression.
The most recognized period of economic depression is called the Great Depression. The Great Depression is well known because of the seriousness of the stock market crash. The results of the crash were more serious than any other crash throughout American History. The Great Depression caused a change in the nature of the American family, an increase in poverty, and President Herbert Hoover's proposal for immediate action by the government, balanced his belief in "rugged individualism" with the economic necessities. While most Americans are familiar with the Great Depression as a time of economic disaster,...show more content... According to an old study, 26,000 American businesses collapsed; in 1931, 28,000 more met the same fate. In addition, by the beginning of 1932, nearly 3,500 banks, holding billions of dollars in uninsured deposits, had gone under. Twelve million people were unemployed (nearly 25 percent of the workforce), and the real earnings for those still lucky
Essay
on The Great Depression
enough to have jobs fell by a third. This statistical evidence effectively illustrates the increase in poverty caused by the Great Depression.
An additional result of the Great Depression was that President Hoover balanced his belief of "rugged individualism" with the economic necessities of the time by proposing direct action by the government. Hoover had only been in office for eight months when the stock market crashed. At first, he treated this financial disaster and decline in employment and business that followed the Great Depression as a panic. According to The American Pageant "He was accused of saying, yet did not use these precise words, that prosperity was just around the corner". As the depression got worse, Hoover became increasingly concerned about the troubles of Americans. Hoover refused to agree with the request of the Democrats in Congress, who wanted the government to distribute money to the unemployed. ...[Hoover] as a "rugged individualist" deeply rooted in an earlier era of free enterprise, shrank from the heresy of government
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The Great Depression
"In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope... but as I look around about, I now see nothing to give ground to hope." This great quote was made by former president, Coolidge. In the great depression people in cities and towns already lost too many jobs. Farmers struggles have already been happening since the 1920s, and farmers tried to do anything to save their farms. However, farmers may have been better off than city folk. The government tried to pitch in multiple times, but did not succeed as people hoped. After the great depression, people were all shaken up and scared. Also Hoover, was not very much liked during this time...show more content...
After the WW1, land prices and food dropped so low it was hard to make little to any money at all. Many farmers had a hard time paying off debts, taxes, and living expenses. To make times even tougher, 167 banks closed in 1920 and 505 in 1921. Prices of corn dropped to 8 to 10 cents a bushel. Often the countryside smelled of popcorn, because instead oil or wood farmers used corn. Farmers led many events to save themselves and other farmers. Such examples of this would be the Cow War, Farmers Holiday Association in Des Moines. Le Mars in 1931. The Cow War was not really a war at all. Vets from ISU would come to farmer's barns at check their cows for tuberculosis. Some farmers thought the vets were kind of shady though. They thought they were making deals with meat packer in Chicago. They thought the vets would send healthy cows to chicago, and the meat packers would send a little extra money back to the vets. Some farmers hanged an ISU dummy to protest the testing. The farmers were desperate and outraged. On many occasions, large groups of farmers showed up on a farm, and prevented the vets to the tuberculosis test. The high point of the Cow War was in Tipton in 1931. Farmers attacked state vets, but the very next day the government bought it in the National Guard to end the protest. In 1932, farmers organized the Farmers Holiday Association. The president of this association was Milo Reno of Iowa. Farmers prevented other farmers from selling their product Get more content
Essay on The Great Depression
The Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other interventions can save capitalism from itself. The Great Depression had important consequences and was a devastating event in America, however many good policies and programs became available as a result of the great depression, some of which exist even today. When the stock market crashed in October 1929, the nation plummeted into a major depression. An economic catastrophe of major proportions had been building for years. The worldwide demand for...show more content...
It was a time when federal and state officials were still developing work programs for the unemployed. This great industrial slump continued throughout the 1930's, shaking the foundations of Western capitalism. When the Depression began, there was no federal relief for the unemployed or assistance for families facing starvation. Some states operated relief programs but curtailed them due to declining tax revenues. Religious and charitable organizations provided relief in many urban areas; however, in many of these organizations operating in the North as well as the South, there was a lot of discrimination and racism, which excluded African Americans from their "soup kitchens." In communities where relief work was offered through state agencies, African Americans were given less in monthly aid than white applicants. The reason I am referring to African Americans is because I have recently read a book that dealt mostly with the great depression and welfare programs. This book is called "There are no children here" and it is written by Alex Kotlowitz. This is not about a fictional story of hardships and struggles but rather it is a harsh reality that exists in this country, one to which we turn our backs and close our eyes to daily. This book is touching only if you understand and acknowledge the facts that perpetuate poverty and welfare dependency in the United States. Although I learned a lot from this book I
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