Wednesday, September 4, 2019
The Great Depression in the United States Essay -- essays research pap
The United States? Downfall Screams, tears, and cries for help were all part of America's downfall. From 1929 through 1941 there was only one thing that was plentiful, sorrow. During this time the United States was faced with another obstacle. It changed America in many ways. One hard struggle lead to the next. The later events all started with the crash of the stock market. This period can only be explained by its name. So, the stock market crash in the United States caused businesses to close, banks to fall, and many people to become unemployed, causing this twelve-year period of suffering to become known as ?The Great Depression?. As stated by Nelson Cary in his overview of the Great Depression, ?the core of the problem was the immense disparity between the country?s productive capacity and the ability of people to consume?. There were more introductions of new items in the United States than before, during, or after World War I. The Government had tremendous debt from this war. The economy suffered greatly during this time because of the immense deficits left from the war. The farmers and the wage earners received printed money that actually had no true value. The overproduction made the lower class, such as farmers and trade smiths, become part of the higher class. Therefore there was not a balance between lower and higher, thus making the market tip. The bottom line was that paper money at that time had no real value. So, even if you had money, people would not take it because there was not a balance for the banks to stand on. Most people then were categorized to be in the lower class. So now, once again there was not a balance between lower and higher class. All people experienced suffering. ?Broth... ...bout 800,000 people left Arkansas, Texas, Missouri, and Oklahoma. The government then abandoned the AAA act when the tax on food processors was ruled to be unconstitutional. As you can see, the United States of America has changed greatly since the Great Depression. Our idea of what we need and what is poor has changed greatly since this period. This twelve year time period shows how things can change, and how people can adapt to economic crisis when they are forced to. Without our fall, other countries may have experienced this. So, this period of American history still serves as a lesson today. As quoted by many people, ?If we do not know our history, we are destined to repeat it?. In conclusion, you can see the Great Depression caused great calamity and sorrow, but in the end, it was one of the best learning experiences the United States has ever seen.