The Great Depression
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This paper first describes the world wide economic devastation caused by the Great Depression. The paper then goes on to describe the inciting incidents that led to the economic recession, most of which could be attributed to the lack of government regulation in the economy. The paper also examines the structural theories for the Great Depression. Next, the paper discusses the New Deal, introduced by Franklin Roosevelt, and the programs, initiatives, and laws that it introduced as well as the long lasting impact the New Deal has had on our society, today.
From the Paper:"Although there have been many social welfare issues throughout history, this particular event had broad reaching implications, with so many countries experiencing desolation in the face of economic failure. Along with a reduction in worldwide trade, there also was a drop in individual incomes, along with a decrease in tax revenues and profits. Countless numbers of cities and their citizens suffered, construction ceased, and farming was dealt a heavy blow as crop prices began to dwindle rapidly. Industries that felt the effects of the Great Depression on a large scale were the mining and logging companies, because there was no desire for their services or products, which led to extremely low rates of employment in those industries. As will be seen, this event was extremely devastating to all who were impacted by it, and there were few who could claim immunity (Gusmorino, 1996)."
Sample of Sources Used:
- Eichengreen, B. (2007, February). Roosevelt, the Great Depression, and the economics of recovery. American Historical Review 112(1), 235-236. Retrieved May 2, 2007, from EBSCO host database.
- Gupta, P., Lee, J. (1996). The Great Depression and the New Deal. Retrieved May 2, 2007, from http://www.bergen.org/AAST/Projects/depression/
- Gusmorino, P. (1996). Main causes of the Great Depression. Retrieved May 2, 2007, from http://www.gusmorino.com/pag3/greatdepression/
- Nelson, C. The Great Depression. Retrieved May 2, 2007, from http://www.english.uiuc.edu/MAPS/depression/depression.htm
- United States. (2007). In Encyclopedia Britannica. Retrieved May 3, 2007, from Encyclopedia Britannica Online:
Cite this Research Paper:
The Great Depression (2009, November 27) Retrieved September 29, 2022, from https://www.academon.com/research-paper/the-great-depression-117326/
"The Great Depression" 27 November 2009. Web. 29 September. 2022. <https://www.academon.com/research-paper/the-great-depression-117326/>