The Great Depression and the New Deal

History 1306 11/29/10 The Great belief arsehole be defined as an economic dip in North America and some other change areas of the world. The Great Depression began in 1929, as a outcome of the drastic stock market disperse on October 29 of that same year. It lasted until about 1939 and was said to be the semipermanent and closely severe economic depression ever experient by the industrialized Western world. It has been used as an lesson of how far the worlds economy can decline. It was an grand tragedy that place many Americans out of work, and was the mendicity of g overnment involvement in the economy and society as a whole. There are many factors that resulted in the enormous depression. Many multitude assume that the stock market crash of October 1929 is the same as the Great Depression, however it is only atomic number 53 of the major causes that take to the Great Depression. Around De cember of 1929 it was account that stockholders had lost over $40 billion.

The market regained some of its losings by the completion of 1930, but the amount was not comfortable enough to save the economic downfall(Kelly). After the first gentleman warfare from 1914-1918, many countries struggled to pay their war debts and reparations as atomic number 63 began to remodel from the destruction and devastation caused by the war, thereby causing economic strangulation in many European countries. repayable to their inabilities to pay back the war debts this caused severe economic crisis. The immense cost of World War One caused many European Countries to abandon the gold standard. Th is resulted in inflation. Following the war ! approximately of these countries returned to the gold standard to try and counter the inflation, unfortunately, this resulted in deflation which fuel prices but increased the real value of debt. After World... If you trust to get a full essay, order it on our website: OrderEssay.net

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