The Great Depression started around 1929 and lasted until the early forties. It was a critical economic depression which effected much of the world, in the time leading up to the second world war. It was the lengthiest, most prevalent, and profoundest depression in the whole of the Twentieth Century. The causes of the Great Depression were manifold. Many attribute it to the massive stock market crash that occurred in 1929. Furthermore, bank failures, a reduction in public spending and purchasing and the American policy with Europe concerning the economy all played their part in the depression. The Great Depression had overwhelming consequences in almost every country of the world, both the richer and the poorer. Personal wages income dropped as did tax revenue. Furthermore, profits and prices dropped globally, and trade across international waters plummeted by over fifty per cent. IN the United States, unemployment statistics increased to a huge twenty-five per cent. However, in some other countries the percentage was as high as thirty-three. Cities throughout the globe were affected enormously, and in particular the areas which were reliant on intense industry. Construction was essentially stopped in numerous countries. The price of crops dropped by around sixty per cent, meaning that farming and rural parts also deteriorated. The areas that were worst affected were those who were dependent on primary source industries. Examples of such areas are mining, logging and mining, in which call was tumbling but where there were few other employment sources. By the mid-thirties, certain economies began to improve. However, in various other countries the adverse effects of the Great Depression continued up until the commence of the second world war.
The Great Depression Essay Examples
Type of paper: Essay
Topic: War, World War 2, Great Depression, World, Depression, Countries, Cent, Mining
Pages: 1
Words: 300
Published: 12/02/2019
Cite this page
- APA
- MLA
- Harvard
- Vancouver
- Chicago
- ASA
- IEEE
- AMA
Our services
- Free Essay Writer
- Buy Custom Essays Online
- College Admission Essay Writing Service
- Term Paper Writing Help
- Write My Book Report For Me
- Scholarship Essay Writing Help
- Personal Statement Writing Service
- College Essay Writing Services
- Buying College Essays
- Research Paper Help Online
- Write My Research Papers
- College Essay Writing Help
- Term Paper Service
- Buy Term Paper Online
- Write My College Essay For Me
- Buying Research Paper Online
- Pay Someone To Write My Research Paper
- Help With Personal Statement
- Buy Personal Statement Online
- Do My Term Paper For Me
- Write My Personal Statement For Me
- Cheap Research Papers
- Buying College Research Papers
- Custom Research Papers
- Custom Term Paper Writing Service
- Research Papers For Sale
- Term Papers For Sale Online
- College Paper Writing Services
- Pay For Essays Online
- Buy College Papers
- Custom College Papers Online
- Custom Essay Writer
- Case Study Writing Help
- Buy An Essay Online