The Great Depression Essay Examples

Essays on The Great Depression

The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed. Throughout the 1920s, the U.S. economy expanded rapidly, and the nation’s total wealth more than doubled between 1920 and 1929, a period dubbed “the Roaring Twenties.”

An Analysis of the Causes of the Great Depression and the Great Recession
Words • 3187
Pages • 13
The Great Depression and Great Recession were events that caused economic turmoil in the United States. With that said, the magnitude and severity of each event is something that is up for debate and often time politicized. Fed Chairman, Ben Bernanke said, “September and October of 2008 was the worst financial crisis in global history, including the Great Depression.” However, not everyone agrees with that sentiment. Regardless of which economic crisis was worse, they both put millions out of work…...
The Great Depression
Effects of the Great Depression
Words • 894
Pages • 4
The Great Depression affected Georgia severely. Georgia had to get through the rough days of the Depression one day at a time. Fortunately, Georgia had a great uprising from the Depression and fought through the days well. The Great Depression began on October 29, 1929 and lasted until 1939 of April. It not only affected Georgia it affected all of America. During, October 29, 1929. There was a massive stock market crash causing America to go into a rage, this…...
The Great Depression
The Great Depression in American History
Words • 455
Pages • 2
The Great Depression was the events in American history between 1929 and 1938 in which the stock market crashed, banks failed, and unemployment rate was the highest it has ever been in the nation’s history. This paper will discuss the causes of the Great Depression, how it affected the lives of people in America, and what the government did to try to pull America out of the Great Depression. The year 1929 started off with republican Herbert Hoover becoming president…...
The Great Depression
Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper
Major Causes of the Great Depression
Words • 665
Pages • 3
Introduction It all began, October 29th, 1929, the Stock Market come to a seizing halt and crisis began. America’s economy was sustaining itself on money that wasn’t there from the stock market and it finally broke them to the point, at what the time felt like, of no return. The Great Depression swept the country and very soon people started to lose everything. Margins, people not buying American goods, and overproduction were some of the major contributions to the Great…...
Al CaponeEconomyGovernment SurveillanceThe Great Depression
The Not so Great Depression
Words • 499
Pages • 2
The Great Depression was a terrible thing. It made the rich richer, the poor poorer,and forced the American people to ask for money and to move in with relatives. This made America starve, they even mistreated veterans because they demanded their pay. It was Even tougher for the colored people. It made them jobless homeless poor people who had no way to recover. The government was supposed to help but President Hoover thought that the rich would donate to the…...
Government SurveillanceHistoryThe Great Depression
Big Bank Act
Words • 585
Pages • 3
On October 24, 1929, many investors started selling overpriced objects and traded sixteen million shares in a day, causing many banks to fail, sent millions of investors into a panic, and tore apart many people. Some people managed to remain employed, while wages fell and the power of buying decreased. The tragedy that is happening initially, is a time of disturbance and the need for survival. The Great Depression had a very strong negative impact on the economy and now…...
BankBankingHistoryThe Great Depression
Organized Crime and the Great Depression
Words • 1213
Pages • 5
By the mid 1920s there were over 1,200 gangs in Chicago, Illinois (“The FBI and the American Gangster” 1). While the United States was struggling through the hardship of the Great Depression, the United States was also having trouble keeping up with the rising crime rates. There were several other criminals all around America such as the infamous John Dillinger, Bonnie Parker, and Clyde Barrow. The rising crime rate in America impacted how the government and people of America responded…...
CrimeThe Great Depression
The Great Economic Depression in Novel “The Grapes of Wrath”
Words • 1174
Pages • 5
The Great Economic Depression affected everyone, it affected countless people of all kinds of different backgrounds. It started out in America and spread to other countries around the world. It lasted from 1929-1939 and was one of the longest and deepest depressions of the 20th century. The Great Depression significantly influenced one writer, John Steinbeck. He wrote The Grapes of Wrath and Of Mice and Men, both of which were influenced by and takes place during The Great Depression. Both…...
John SteinbeckThe Grapes Of WrathThe Great Depression
Сauses and Сonsequences of Great Depression
Words • 1087
Pages • 5
In the ten year span of the Great Depression, people were jumping from their windows in cities across the United States, committing suicide. The Great Depression happened in 1929 through 1939, they called it the Great Depression, because more than 9000 banks failed all around the world and it made living very tough. Through the depression, many questions have been asked by many people. Some of the questions are: what were the impacts on humans, what were the impacts on…...
The Great Depression
FDR’s Response to the Great Depression with the New Deal
Words • 1837
Pages • 8
1929, the stock-market crash and the ensuing Great Depression exposed major weaknesses in the U.S. and world economies. These ranged from chronically low farm prices and uneven income distribution to trade barriers, a surplus of consumer goods, and a constricted money supply. As the crisis deepened, President Hoover struggled to respond. In 1932, with Hoover’s reputation in tatters, FDR and his promised “New Deal” brought a surge of hope. Although FDR’s New Deal did not end the Great Depression it…...
New DealPolicyThe Great DepressionThe New DealUnemployment
Great Depression and the Dust Bowl
Words • 435
Pages • 2
During the 1930s, huge dust storms wreaked havoc upon the great plains. Many families across the countries were affected by the great depression, however, families living across the Southern great plains were not only struck with Depression but also by more than 300 dust storms that ruined all of their lands. The main reasons for the cause of the Dust Bowl were the geography of the Great Plains, the invention of the tractor, long-lasting droughts. One of the main causes…...
The Dust BowlThe Great Depression
Dust Bowl: Cause & Impact On Great Depression
Words • 934
Pages • 4
The Great Depression was one of the worst events in the history of America. A major cause of the Great Depression was the Dust Bowl, which began in 1929 and lasted throughout the 1930s. The Dust Bowl affected everyone including farmers and brought food supply to almost nothing in the Great Plains area. The Dust Bowl was affected by four main factors: drought, wind erosion, climate misconception, and poor land management. During the Great Depression, there were actually four different…...
DroughtStormThe Dust BowlThe Great DepressionWheat
Life in Australia during the Great Depression
Words • 674
Pages • 3
Part 1 1) I believe the purpose of the video (bread and dripping) it to inform people about how life was for everyone in the great depression, when this video was made the great depression was still fairly fresh in everyone’s mind so they created this video for documentation so that people in the future would learn from what happened and not make those mistakes again 2) The stimulus show how people lived in the great depression and explained the…...
AustraliaLifeThe Great Depression
Herbert Hoover and The Great Depression
Words • 561
Pages • 3
Up to 1933, Herbert Hoover was the American president. During the time, the nation has progressed from the era of prosperity into one of an economic depression, as a result from the Wall Street Crash. The Great Depression caused many problems including unemployment, famine and poverty and homelessness. Hoover was blamed for most of the problems, making of them perceived him as being cold, uncaring and heartless. This is the contrast to what people see of Roosevelt, who defeated Hoover…...
New DealPolicyThe Great Depression
US History: The Great Depression
Words • 289
Pages • 2
All across America, from 1929 to 1939, the Great Depression plagued millions of people with grief and suffering. Lasting almost a decade, it was the largest economic recession in US history. 'Stock markets lost 90% of their value, 11, 000 banks closed, and unemployment reached 25%' ('US History: The Great Depression’’). According to Ducksters Education Site, the effects of the Great Depression were devastating and left almost all of America bankrupt and unable to find work. 'During the 1920s, many…...
BankFinanceHistoryMoneyStock MarketThe Great Depression
The Great Depression in the United States
Words • 643
Pages • 3
The Great Depression started in the United States because the United States economy held up the rest of the world's economy. The United States went through a patch of overproduction, meaning too many goods were created for the amount of goods people were buying. This caused the goods prices to drop, leaving farmers with less money than they really needed from the goods. The prices on the New York Stock Exchange were exceptionally high and investors acquired their stock through…...
International RelationsJoseph StalinNationalismNazi GermanyStateThe Great Depression
The Great Depression: Unemployment and Deflation
Words • 739
Pages • 3
The Great Depression was the historically worldwide tragic economic downturn of the industrialised world that took place in 1929-1939 causing the stock market to crash. Even though the Great Depression derived and occurred in the United States, in almost every country in the world, it triggered dramatic declines in productivity, significant unemployment and extreme deflation. Arguably, globalisation was one of the biggest faults that caused the devastating Great Depression because globalisation removed the importance of diversity within nations. Therefore, nations…...
BankFinancePolicyThe Great DepressionUnemployment
FDR and The Great Depression
Words • 651
Pages • 3
The Great Depression was the crash of the stock markets, economy, and a mass crisis of almost all social classes. Most of this was due to the overproduction of single-use products and the practice of 'buy now, pay later', which caused many citizens to go in excessive debt. Roosevelt came into the presidency in the middle of the Depression and promised a 'New Deal' to help solve the problems Americans were facing. FDR planned to create more jobs and help…...
The Great Depression
The Great Depression and The Great Recession
Words • 1103
Pages • 5
In history, there had been two big economic crisis, the great depression and the great recession. The Great Depression refers to the economic crisis which originated in the United States between 1929 and 1933. The great recession is a recession triggered by the financial crisis that began to emerge on August 9, 2007. There are similarities and big differences between the two crises. Therefore, in this essay, I will first analyze their similarities and then discuss their differences from the…...
CapitalismFinancePovertyThe Great DepressionUnemployment
Huey P Long and the Great Depression describe in vivid detail the
Words • 1431
Pages • 6
Huey P. Long and the Great Depression, describe in vivid detail the life of Long and his struggles and hardships on his quest to the top, or so he thought. The Author, G. Jeansonne starts off describing Longs more youthful times. Huey Long was born on August 30, 1893 in Winnfield, Louisiana. Louisiana is the only states divided or "zoned" by parishes. Huey Long's Winnfield was apart of Winn Parish. Being a Louisiana native, I have an advantage because we…...
Depression DisorderThe Great Depression
The Great Depression And The New Deal History
Words • 2089
Pages • 9
Thousands and thousands of men were lined up waiting for work so they could make money for their families. Others were begging for food to eat in order to survive the harsh time. This is what you saw all over the United States of America during this time of struggle. Getting jobs was easy when the country wasn’t in such difficulty, but now the country was going through an economic nightmare also known as the Great Depression. “The Great Depression…...
EconomyHistoryNew DealThe Great DepressionThe New Deal
Great Depression Essay Introduction
Words • 576
Pages • 3
By the beginning of the First World War, the United States was the largest industrial country, accounting for more than 35% of production. Thanks to the developed agriculture, infrastructure, extremely favorable natural and economic conditions, proximity to the inexhaustible markets of the South American continent and a quite advantageous distance from the conflicting Europe, the USA already not only provided itself with all necessary things, but also seriously pressed their competitors by making an application for world leadership. However, in…...
EconomicsThe Great Depression
The Cause and Effects of the Great Depression
Words • 1357
Pages • 6
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…...
Cause And EffectThe Great Depression
Cinderella Man and the Great Depression
Words • 840
Pages • 4
James J. Braddock once said, " I have to believe that once things are bad, I have to change them". The movie Cinderella Man is about Braddock rising from a poor, unsuccessful boxer to the heavyweight boxing champion of the world. The historical background to his life and career was during the same time period as the Great Depression. James Braddock was not always the boxer he is now known to be, in the 1920’s he had lost one third…...
BoxingThe Great Depression
What Caused the Great Deppression?
Words • 4036
Pages • 17
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, most widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. Cities all around the…...
HistoryThe Great DepressionWarWorld War 2
The Great Depression
Words • 517
Pages • 3
Thesis Statement: “The Depression reached into every area of economic life, and thus into every area of social life as well.” I. There were different factors that lead to the Great Depression. A. Construction and automobile industries began to decline due to lack of diversification. B. Supply was greater than consumer demands. C. Crop prices were low, so farmers could pay off their debts. D. International trade began to decline. E. The international debt of World War I. II. Stock…...
The Great Depression
The Great Depression of Mice and Men
Words • 859
Pages • 4
The Great Depression was a time of hardship for everybody especially ranch workers. It prevented people from living the life they desired. Many people lived in poverty switching between jobs. Eventually people, like Lennie and George, began searching for jobs in California, in fact “thousands flocked to California”. People were in search of jobs as migrant workers for fruit and vegetable fields. When there was an opening for one man, there would be at least ten men competing for it.…...
Of Mice And MenThe Great Depression
Canada and Great Depression
Words • 1259
Pages • 6
The Stock Market crash in New York led people to hoard their money; as consumption fell, the American economy steadily contracted, 1929-32. Given the close economic links between the two countries, the collapse quickly affected Canada. Added to the woes of the prairies were those of Ontario and Quebec, whose manufacturing industries were now victims of overproduction. Massive lay-offs occurred and other companies collapsed into bankruptcy. This collapse was not as sharp as that in the United States, but was…...
CanadaCapitalismNew DealThe Great DepressionWelfare
How Roosevelt and His New Deal Prolonged the Great Depression?
Words • 1558
Pages • 7
Franklin Delano Roosevelt was the 32nd president of the United States of America. His tenure ran from 1933 to 1945. Franklin Roosevelt was born in 1882 at Hyde Park, New York City. He attended the prestigious Harvard University before proceeding to Columbia Law School. President Franklin got married to Eleanor Roosevelt in 1905. Franklin Roosevelt entered into public service through politics as a member of the Democrat Party. In 1910, Franklin Roosevelt won the senate seat and become the senator…...
New DealPoliticsThe Great DepressionThe New DealWoodrow Wilson
Roosevelt’s First Inaugural Address During The Great Depression
Words • 758
Pages • 4
The first inaugural address of Franklin D. Roosevelt was one that strove to lift the American people off their feet as the country entered some of it's worst years during the Great Depression. One of Roosevelt's strong advantages during his address was his ability to relate to the very real concerns of the everyday American citizens. With pressures of the failing economy facing the President-elect, he delivered this speech, addressing the nation about his plans for a New Deal. Roosevelt…...
New DealRhetoricThe Great Depression
The Great Depression: A Social Credit Solution
Words • 633
Pages • 3
During the Great Depression of the 1930’s, money had become a huge issue. There never seemed to be enough money to go around, not allowing people to support themselves and purchase goods. However, there was a solution based on the theories of a Scottish engineer, Major Douglas. Douglas felt that capitalism was a wasteful economic system, and claimed that financial institutions such as banks had been hoarding money. This would have prevented customers from buying the abundance of goods that…...
CreditDepression DisorderPoliticsThe Great Depression
The Roosevelt Years
Words • 914
Pages • 4
Roosevelts responses aided curtail the problems of the Great Depression by employing the unemployed, aiding the businesses, and restoring confidence in a very panicked public. He alleviated the poorest classes by enacting laws that provided them with safety nets and even some capital to get started with. By raising the standard of living for the desperately poor, he increased the number of able consumers to buy businesses goods and decreased the number of people living in the streets, which in…...
Depression DisorderEconomicsEmploymentNew DealPoliticianPolitics
The Great Depression( Canada)
Words • 984
Pages • 4
The great depression, a time that was hard for almost all Canadian citizens. A time where Canadians looked towards there government for some form of decisive action that would end the great depression but unfortunately, Canadians only received relief efforts and attempts at protecting our economy both of which where horrible inadequate. As a result, Canadians during this time faced a series of hardships which worsened the human condition. The conditions suffered by the middle class citizen during the depression…...
CanadaEmploymentNew DealThe Great Depression
Great Depression in Canada
Words • 2371
Pages • 10
In late 1929, the Grat Depression started in United States and reached in Canada unexpectedly rapidly, up to 27% of unemployment forces man businesses to close and bring millions of losses. The Canadian government came with a series of solutions, some are At the Depression, the provincial and municipal governments were already in debt after an expansion of infrastructure and education during the 1920s. It thus fell to the federal government to try to improve the economy. When the Depression…...
CanadaNew DealThe Great DepressionVeterans
How did Great Britain, France, and the United States respond to the Great Depression?
Words • 318
Pages • 2
In Great Britain, there were economic difficulties. For example, the decline of several industries led to high unemployment. In 1929, the Labour Party, which was the largest party in Great Britain, couldn't solve the problems and fell from power two years later. A new government brought Britain out of the worst stages of the depression by using budgets and tariffs. Britain wouldn't go as far as deficit spending, though. France had become the most powerful power in Europe at the…...
BritainFranceNew DealStateThe Great Depression
What Caused the Great Depression?
Words • 1381
Pages • 6
As followed by many, if the notion of " History Repeats itself,"ls true, then the cause of the great Depression of the 1920's needs to be analyzed. The 1920's or the "Modern Era" was full of exciting times, new inventions, creations, and entertainment. However, as explained in the Background Essay of the DBQ, the economy does not pause for these exciting events to happen, and neither does the bussiness cyle. With the Bussiness Cycle already driving the nation towards recession,…...
FinanceStockStock MarketThe Great Depression
The Great Depression in to Kill a Mockingbird
Words • 516
Pages • 3
Why Us!? On September 1929, Andrew Mellon declared, “There is no cause to worry. The high tide of prosperity will continue.” It made the people wonder, “Is this true?” The people of Maycomb County, Alabama, had a long way to recovery. Many are dirt poor, and others were pulled down along with them. During the depression period, “nickels and dimes were hard to come by.” (27) Shops closed down because of the decline in economy. Scout (the protagonist in To…...
The Great DepressionTo Kill A Mockingbird
We've found 37 essay examples on The Great Depression
Prev
1 of 1
Next

Role of New York Stock Exchange

The stock market, centered at the New York Stock Exchange on Wall Street in New York City, was the scene of reckless speculation, where everyone from millionaire tycoons to cooks and janitors poured their savings into stocks. As a result, the stock market underwent rapid expansion, reaching its peak in August 1929.

By then, production had already declined and unemployment had risen, leaving stock prices much higher than their actual value. Additionally, wages at that time were low, consumer debt was proliferating, the agricultural sector of the economy was struggling due to drought and falling food prices, and banks had an excess of large loans that could not be liquidated. On October 24, 1929, as nervous investors began selling overpriced shares en masse, the stock market crash that some had feared happened at last. A record 12.9 million shares were traded that day, known as “Black Thursday.”

Black Tuesday

Five days later, on October 29 or “Black Tuesday,” some 16 million shares were traded after another wave of panic swept Wall Street. Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely.

Growing Consumer Debts 

As consumer confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down production and begin firing their workers. For those who were lucky enough to remain employed, wages fell, and buying power decreased.

Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. The global adherence to the gold standard, which joined countries around the world in fixed currency exchange, helped spread economic woes from the United States throughout the world, especially Europe. 

FAQ about The Great Depression

What Caused the Great Deppression?
...Germany's Weimar Republic was hit hard by the depression, as American loans to help rebuild the German economy now stopped. Unemployment soared, especially in larger cities, and the political system veered toward extremism. The unemployment rate reac...
How Roosevelt and His New Deal Prolonged the Great Depression?
...However, through a New Deal program dubbed Works Progress Administration, women and men were given equal employment opportunities with the federal government. In my view, this helped in eliminating workplace discrimination against women. Furthermore,...
How did Great Britain, France, and the United States respond to the Great Depression?
...In the United States, the industrial production fell to 50 percent of what it was in 1929. Franklin Delano Roosevelt, also known as FDR, pursued a policy called the New Deal. It created the National Recovery Administration, which required government,...
What Caused the Great Depression?
...Unless one lived in the time of the roaring and exciting 1920's, its hard to really know what the times really felt like, and more importantly, what really lead to the Great Depression. Based of research, and history a few causes were particullary ev...

👋 Hi! I’m your smart assistant Amy!

Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.

get help with your assignment