The Great Depression in America Essay -- essays research papers fc

     The Great drop-off was a time of total despair. Years of frugal d acceptturn not only(prenominal) affected the United States but whitethorn European countries as well. Americans endured lost of fortunes, homes, jobs and personal tragedies. Very few active to twenty-four hours remember what it was like, and to the rest of us, it is just a piece of write up that we can only imagine. The Great Depression reeked havoc on the melodic line market, banking, industries, and agriculture that led to massive unemployment, breadlines and fear that lasted over a decade.      by and by the stock market collapse, the New York banks became frightened and c bothed in their loans to Germany and Austria. However, without the American money, Germans had to obstruction paying reparations to France and Britain. This was a chain reaction and they could not repay their warfare loans to America, therefore, the depression had spread to Europe. The U.S. Gover nment tried to protect domestic industries ricochet foreign competition by imposing the Hanley-Smoot Tariff of 1930. In vengeance governments worldwide sought economic recovery by adopting restrictive independent policies and by experimenting with new plans for their internal economics. As a result, global industrial production declined by thirty-six percent between 1929 and 1932. military personnelwide plow dropped by an all time high of sixty-two percent. (chronological record) The question of the day was, How did this happen?     Mass speculation went on throughout the late 1920s. In 1939 alone, record volumes of one-billion-one hundred twenty-four million-eight hundred thousand-four hundred and ten (1,124,800,410) shares were traded on the New York Stock Exchange. (Drewry) From early 1928 to September 1929 the Dow Jones Industrial Average ruddiness from one hundred ninety one to three hundred fourscore one. This sort of profit was irresistible to invest ors. Company earnings became of little interest group as long as stock prices continued to rise gravid profits could be made. Through the practice of buying stocks on brim , one could buy stocks without the money to purchase them. Investors went wild for this idea group the market to unheard of high levels. By mid 1929 the total swell agentive roles loan was over seven billion dollars and eight and a fractional billion dollars over the next three months. Interest rates for broker loans were going for... ...d be a little more on the buttoned-down side and waste a good look at our own economy. We should take into account that it could happen again. The Great Depression was not the only depression or the longest, that title being held by the Long Depression of the late nineteenth century, nor was it the sharpest in contraction. The one after the first World War being a deeper drop, it represented the greatest fall from the full general trend-line of growth. Are the signs the re that we are headed for another downturn? Are we all a little to at ease with our economy? Maybe we should take a closer look.BibliographyWorks CitedBoardman, F.W. The Thirties America and the Great Depression. N.Y. enthalpy Z. Walcki Inc. 1967.Drewry, Robert and A.J. OConnor. The Indigenous Role in Business Enterprise. New guinea New Guinea Reasearch Unit 1970Schraff, Anne E. The Great Depression and The New Deal. NY Franklin Watts 1990The Annals of America Vol.15. 1929-1939 The Great Depression. William Benton & Encyclopedia Britannica 1968The Writers and Photographers of the Associated Press - 20th coke America The Great Depression 1929-1939. Grolier Educational Corp. 1995.