Thr Great Depression in the U.S.

Paper Summary:

Analysis of the Great Depression of 1929-1939. Speculatin on causes as depicted in three books. Lack of government regulations on business, market speculators, Capitalist system. Government's role in overcoming the Depression. Social welfare initiatives. The New Deal programs of President Franklin D. Roosevelt. Emergence of black voters & transfer of political loyalty from Republican to Democrat. Contends there is no satisfactory answer to why the Depression lasted as long as it did.

From the Paper:

"Three Views of the Great Depression in the U.S.


Paul Johnson, in his A History of the American People calls the Depression and its length as mysterious . He is not the only one to try to figure out what happened and why and how, but what he begins his Depression era chapter with is: What is puzzling about the events of the decade of 1929-39 is the continuing severity of the market falls and the length and obstinacy of the Depression (Johnson, 1997, p. 727). While he explains that America, in the Twenties tended to let business run their own arrangements without much, if any, government regulation or impediments. American business was pro5tected by high tariff, instituted by pro-business Republican Presidents. So, what happened? The villain, Johnson implies, is inflation that was allowed to run wild. And, a surprising fact, the 1920s growing ..."

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