The Great Depression and the New Deal

History 1306 11/29/10 The Great feeling substructure be defined as an economic turn down in North America and some other alter areas of the world. The Great Depression began in 1929, as a end of the drastic stock market dissipate on October 29 of that same year. It lasted until about 1939 and was said to be the semipermanent and close severe economic depression ever experient by the modify Western world. It has been used as an lesson of how far the worlds economy can decline. It was an ample tragedy that place many Americans out of work, and was the pray of g overnment involvement in the economy and society as a whole. There are many factors that resulted in the dandy depression. Many multitude assume that the stock market crash of October 1929 is the same as the Great Depression, however it is only maven of the major causes that take to the Great Depression. Around December of 1929 it wa s inform that stockholders had lost over $40 billion.

The market regained some of its losings by the completion of 1930, but the amount was not qualified enough to save the economic downfall(Kelly). After the first creation warfare from 1914-1918, many countries struggled to pay their war debts and reparations as europium began to remodel from the destruction and devastation caused by the war, thereby causation economic strangulation in many European countries. due 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. This resulted in inflation. Followin g the war or so of these countries returned! to the gold standard to try and counter the inflation, unfortunately, this resulted in deflation which jumble prices but increased the real value of debt. After World... If you deficiency to get a full essay, order it on our website: OrderEssay.net

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