The Great Depression
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This paper states that the Roosevelt administration enacted worse economic policies than the Hoover government by eliminating business competition and investments, effectively driving this depression deeper and longer than any previous American recession. Next, the author explains the causes of the Great Depression. The paper concludes by describing some of Roosevelt's programs to fight the depression such as his anti-business policies, which the author claims was the single most destructive thing he could have done.
From the Paper:"The mass culture of this time began spending way out of their means, causing the consumer market to grow too large in too short of a time span. Up until 1929, people began spending as much as they could on credit from the banks, whether it was on cars or appliances or stocks on the Dow, an unjustified spending occurred. This ultimately resulted in businesses upping their number of products they develop and it also allowed for a lot of competitors to survive in the market. Eventually, the market was forced to correct itself by means of the stock market crash in 1929."
Sample of Sources Used:
- Barnard, Rita. 1995. The Great Depression and the Culture of Abundance. Cambridge University Press
- Beaudreau, Bernard C. 1996. Mass Production, the Stock Market Crash, and the Great Depression. Connecticut: Library of Congress
- Kasson, John F. 1978. Amusing the Million. New York: Library of Congress
- Shlaes, Amity. 2007. The Forgotten Man. New York: Harper Collins.
Cite this Analytical Essay:
The Great Depression (2010, July 18) Retrieved June 26, 2016, from http://www.academon.com/analytical-essay/the-great-depression-128390/
"The Great Depression" 18 July 2010. Web. 26 June. 2016. <http://www.academon.com/analytical-essay/the-great-depression-128390/>