great depression essay example

💲 The Great Depression Essays

How did the great depression lead to wwii.

The Great Depression (1929-1939) describes a period of the global economic recession that first began in the United States and soon spread all over the…

Causes of the Great Depression

The Great Depression was a significant economic downturn that affected the well-being of multiple nations, businesses, industries, and families worldwide. Great Depression perpetuated unemployment due…

Great Depression Vs. Great Recession Essay

The great depression and recession were the worst economic downturns in the history of the industrialized world. The causes and impacts of the same remain…

The New Deal And The Great Depression

Introduction The Great Depression was a period from 1929 to 1941, during which a significant part of the US economy crashed, and many of the…

World War I: Remembering the War to End All Wars

The year is 1918 and as an American soldier fighting in the World War for almost two years, I am much relieved to return home…

Differences in policies for ending the Great Depression

Grossman and Meissner (318) argue that despite the economic stagnation that most countries witnessed during the subprime crisis, the Great Depression is undoubtedly the longest…

US Economic History 1920s/50s/Depression

The US experienced periods of economic downfalls and improvements in between the emergence of World War I and II.  The economic situation of the country…

Difference in American lives before the New Deal in 1933

The Great Depression which started in 1929 had an array of social and economic implications for a majority of American lives. Few people escaped the…

The New Deal

The Great Depression put America’s economy to its knees that it needed drastic economic policies to lift America from depression. Having this desperate economic backdrop…

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The Great Depression is a horrific yet prominent event in the history of America and its economy. Therefore, an academic paper on the Great Depression requires an analysis of related historical events and figures.GradeMiners has a rich database of various topics for writers looking for relevant and credible research literature. Getting well-versed on the issue is best to start your paper.

The Great Depression Essay Examples and Their Peculiarities

In 1929-1939, Americans faced the darkest pages known as the Great Depression. It is first associated with the unemployment and poverty of millions of people worldwide. The powerful figure who helped the country out of the economic crisis and World War 2 was Franklin D. Roosevelt, the 32nd President of the United States. He effectively utilized all his strength to unite and restore the nation from the Depression.

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Home — Essay Samples — History — Great Depression — The Great Depression in the USA

The Great Depression in The USA

• Categories: Great Depression

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Words: 1221 |

Published: Feb 12, 2019

Words: 1221 | Pages: 3 | 7 min read

Table of contents

Introducition, impact of the great depression.

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The Great Depression

1 the impact of the great depression on american society and economy.

Economic Hardships and Family Experiences During the Great Depression The great depression, as it was known in the U.S., was a time of economic failure and agricultural distress. Even way back when gum was only like 5 cents before this, the price probably jumped to like 25 cents if you could reliably find good gum. […]

2 The Great Depression: Lessons for Society, Economy, and Government

The Roaring 20s’ Economic Mirage The Roaring 20s was one of the most prosperous times in American History. The Stock Market skyrocketed to the point where even the housemaid held an owner of one of the leading companies. Everybody had a roof, a car, and a radio of the new economic policies like installment plans […]

3 The Great Depression Entertainment Renaissance: Movies, Radio, and Music

Entertainment Flourishes Amidst Great Depression Despite the 1920s being known as the Great Depression, it was also an enormous era of advancement and success for the entertainment industry. Radios allowed people to hear the news, listen to music and other things from their own homes, movie theaters boomed with the innovation of film and animation, […]

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4 The Great Depression: Causes and Consequences of an Economic Catastrophe

Introduction The Great Depression had an impact on the entire world, especially the US, from 1929 to the early 1940s. One of the most influential causes of the US economic crash was the Great Depression, which was created by people making big purchases with installments, overproduction, and marginal buying. Installment Purchases and Bank Strain: Precursor […]

5 The Dust Bowl and the Great Depression: Unearthing Causes and Impact

Dust Bowl Causes: Neglect and Overexploitation Before the 1920s, the United States was a country full of farmland that stretched for what seemed like forever. There were crops to feed the nation every single year without any natural disasters. However, that did not seem to last very long. Over time, the crops began to not […]

Cause and Effects of The Great Depression

Introduction, causes of the depression, effects of the depression, reference list.

The great Depression took place in America during the 1920s and its effects were unprecedented as it caused poverty and suffering upon the society.

Many believe that that the depression was caused by the U.S. stock-market crash that took place in 1929. Nonetheless, there is no consensus on its cause as other factors are also acceptable. The economic devastation of the 1920s led to the Great Depression and brought a tragedy for the whole society.

Many causes have been put forward to explain the causes of the great Depression over which the economists have disagreed. However, one thing that cannot be disputed is that the Depression had major impacts upon the country and the lives of people.

Crash of stock market

The crash of the stock market in 1929 ushered in the Great Depression. The capital in America was represented by stocks. There were easy-money policies that caused the stocks prices to go very high and this led to a big speculation that made people invest all their money in the stock market.

Eventually, the price of the stocks went down sharply and people started selling their stocks in panic. The number of stocks available for sale was higher that the number of people willing to buy and eventually the market crashed (Great Depression, 2008).

Uneven distribution of prosperity

The 1920s saw the American economy rise but the prosperity was unevenly distributed and the farmers as well as the untrained laborers were largely excluded. It therefore led to the nation having a greater production capacity and could not match in consuming the products.

Moreover, the policies of the Republican administration in regards to war-debts and tariff had led to a decline in market for the American goods (Great Depression, 2008).

The effects of the Great Depression were felt both at home and abroad. No one escaped its reeling effects. For example, countries in Europe were affected greatly as their economies were hit hard. In Germany, the economic blow led to social dislocation that is alleged to have played a major role bringing Adolf Hitler to power (Great Depression, 2008).

Unemployment

When the Great Depression set in many people lost their jobs. The unemployment levels rose as many factories closed and up to about 16 million people had lost their jobs between 1932 and 1933 (Great Depression, 2008). The Great Depression compares to the economic recession that took place in 2007 in American and its effects felt on a global scale.

For instance, the following words by president Obama show the similarities “Even though economists may say the recession officially ended last year, obviously for the millions of people who are still out of work… it’s still very real for them” (Hill, 2010).

Massive poverty

Consequently, job losses and loss of money in the stock market the people fell into massive levels of poverty. The people did not have a source of income and suffered a great deal. The country’s economy suffered too” The gross national product declined from the 1929 figure of $103,828,000,000 to $55,760,000,000 in 1933” (Great Depression, 2008, par. 2).

The suffering led economic hardships as well as physical, emotional, emotional and cognitive sufferings to the people because the Depression was a big tragedy hence they exhibited signs that people going through other crises exhibit (Barr, 2005).

The Great Depression led to untold suffering to millions of Americans as well as the devastation of the country’s economy. The effects extended to other countries as well due to international trade just as it happened during the recent economic down turn. No country is in isolation and its activities affect other countries too even if they do not have a hand in causing the problems.

It therefore follows that countries must take precautions to prevent an event like the Great Depression by learning its causes as well as its effects in order to minimize future damage or suffering in case of a similar tragedy.

Barr, J.G. (2005). Predicting and Managing Crisis Behavior.

Great Depression. (2008). Retrieved from EBSCOhost database.

Hill, P. (2010). Recession over a year, but recovery not felt . The Washington Times . P1, 1. Web.

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IvyPanda. (2018, May 23). Cause and Effects of The Great Depression. https://ivypanda.com/essays/cause-and-effects-of-the-great-depression/

"Cause and Effects of The Great Depression." IvyPanda , 23 May 2018, ivypanda.com/essays/cause-and-effects-of-the-great-depression/.

IvyPanda . (2018) 'Cause and Effects of The Great Depression'. 23 May.

IvyPanda . 2018. "Cause and Effects of The Great Depression." May 23, 2018. https://ivypanda.com/essays/cause-and-effects-of-the-great-depression/.

1. IvyPanda . "Cause and Effects of The Great Depression." May 23, 2018. https://ivypanda.com/essays/cause-and-effects-of-the-great-depression/.

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IvyPanda . "Cause and Effects of The Great Depression." May 23, 2018. https://ivypanda.com/essays/cause-and-effects-of-the-great-depression/.

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