Failure of the stock market. The stock market was not the only one that was affected; actually, that was just but the beginning of the Great Depression.
In effect, it was unfavorable for the clients whose money was already in the markets for investment: It was also a double loss in that though the clients lost their money, the banks were forced to close down. This is because they directly depended on the stock market. When this happened, it caused much panic even to other people, and this is what made them go to the other banks that were open to withdraw their money. This kind of massive withdrawal had a major effect in that it caused the banks to close too.
What is more, it was a disadvantage to those who did not withdraw their money because of not reaching the bank on time. After the banks closed, people went bankrupt and could not claim anything whosoever. Business and industry failure. Industries and businesses were highly affected too. This is because they were also working hand in hand with the stock market. Since the stock market had closed down, this meant that their savings and capital were lost. This affected the labor in the businesses since they had to cut on the number of workers who worked in the corresponding companies.
The stock market issue also affected the customers in that they stopped buying and spending on luxurious goods. This influenced greatly the companies that produced these commodities in terms of sales and also getting profit. The companies too had to close down Martin The Great Depression affected the farmers in a very adverse way. Though they always survived other depressions that they encountered, this one was a big challenge to them. Most of the farmers were situated at the Great Plains before the Great Depression took place.
The territory was affected so badly by drought and dust storms which were horrendous in nature. They created a situation that was referred to as the Dust Bowl. The farmers were used to overgrazing, and now this had to combine with the effects of drought leading to a blow to the farmers. The latter were even left without food and crops for their animals. This is because the grass that the animals could feed on had already dried up and disappeared in the long run. The loose dirt was picked by the whirled wind, and topsoil got exposed.
The farmers were left without crops as the wind picked up everything on its way Martin Small scale farmers disadvantaged. Small scale farmers were more disadvantaged than the large scale farmers. They turned out to have a small piece of land on which they had to get their daily bread. Some of these farmers asked for tractors from their respective governments, and thus, they were made to pay some amount to cater for those.
The hit that the farmers went through could not enable them to pay their debts. They could also not make it to feed their families, not mentioning themselves. Some of the farmers had also capitalized on the stock market and bank. Since the stock market was affected, and as a result, the banks too, the farmers suffered as well. Losing their investments and crops influenced greatly the way they related with each other and had an impact on their contribution to the economy of the land.
Many people lost their jobs during this time of the Great Depression. Having lost their jobs, it was very difficult for people to bring food on the table. Families were even forced to sell their houses and move to apartments. Others were made to move in together since the standard of living was going down day by day.
Paying rent was now a very hard thing to achieve. It was even complicated for people to separate or divorce. This was the time when the rate of separation and divorce went down. This is because everyone needed the other to contribute, especially in paying the rent. Due to ego, men who had already lost their jobs felt ashamed even to walk in the cities, and, therefore, they were forced to stay in their homes.
If at all the wives and the children were working, they felt that their status was challenged. Even in this situation, the two categories aforementioned were forced to go looking for jobs.
As a matter of fact, it was hard to get jobs locally because every part of the country had been affected. Many people were seen on the roads looking for jobs. Many people could not afford luxurious goods like cars, and thus, very few cars were seen on the roads. A lot of the cars were on sale since maintenance costs were unaffordable. The majority of teenagers were affected as they were the people who were seen on the roads walking up and down looking to get some job Martin Older men, women, and families at large were on the rails too.
They would be seen boarding trains just to cross and see whether they could get some occupation. Those who could not get the job would end up living in shanty towns which were outside the town. The houses in such places were made of affordable cheap materials like newspapers, wood, mud, cardboard, and iron sheets. Farmers who could no longer afford their previous lives would be found in western California. This is because of the agricultural opportunity rumors that came from that area. It is true that there were periods of agricultural opportunities.
The farmers were nicknamed as Okies and Arkies. The citizens always blamed the governing President, though he always talked about optimism. Some of the shanty towns which were far from big cities were named after him — for instance, Hoovervilles. Interestingly, newspapers used to cover people sleeping in the streets were called Hoover Blankets. What is more, even bad looking broken cars were referred to as Hoover Wagons Martin The Great Depression had a huge impact in that it caused human suffering.
It took a very short time, and the levels of living went down drastically. People started borrowing from each other just to survive. Unemployment increased since industries could not take employees anymore. They could not afford to pay the people what they deserved. Research shows that at least a fourth of the labor force in all the industrialized countries could not work anymore Martin The industries could not satisfy them in terms of wages.
This was noticed in , and the total recovery was only realized by the end of that decade. End of international gold standard. The Great Depression is seen as a cause of international gold standard. There was no money to invest anymore, and it was evident that the interest rates went down too.
There was also the introduction of floating rates, and people stopped using the fixed exchange rates. On the other hand, there was an expansion of the welfare state and labor unions in Union membership went to an extent of doubling between that year and This was a result of extreme unemployment and the National Labor Relations Act which was passed in All this led to collective bargaining. Fax Machines and Color Copiers found here.
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This is about turtledoves and a couple in love. An Essay On Depression. Educational , Health , Research. Com, its affiliates and syndicates have been granted non-exclusive rights to display this work.
Log in to Leave Feedback. Signup right now, for free! Refer a Member Link To Writing. Com Please post questions in our support forum. Copyright - 21 x 20 Media All rights reserved. This site is property of 21 x 20 Media. Depression is not only a state of being sad, it is a disease that conquers the ability to feel emotion, whether good or bad, whatsoever. Depression not only involves the mind, it also involves the body and thoughts.
In different cultures some complain of excessive headaches and extreme pain and this is identified as depression, moderate or otherwise. This disease can be passed down through genes or can follow external events or can be caused by a chemical imbalance in the brain.
Depression affects twenty percent of all Americans, some without even knowing it, at sometime during their lives. Depression is not a disease that only influences males or children of the age three to eleven. Every human being is prone to depression. Although women are three times more likely to become depressed than men, men are five times more likely to commit suicide when depressed than women.
Some think that women have a less pleasing social role and their hormones make them more susceptible to depression. Major Depression is the most severe case of depression that there is. The symptoms for Major Depression are just like any other type of depression. To be Majorly Depressed you do not have to have been hospitalized or medicated. Lots of people get depression confused with extreme sadness.
Depression is not a term just to be thrown around; it is a severe state of being. Dysthymic Depression is a low level of depression that lasts up to at least two years and in most cases longer. When one is diagnosed with Dysthymic Depression they are very resistant to treatment. Dysthymics will usually undergo a Major Depression episode sometime during their dysthymic period.
Bipolar Depression, also known as, Manic Depression, is yet another type of Depression. This type has very different symptoms than that of Major Depression or Dysthymia. The symptoms of Bipolar Disorder are having both very high and very low mood swings. When one has Manic Depression one day they could be extremely happy and the next in a very severe depressive mood. This change in mood can happen over hours or over a period of time.
The Great Depression was the worst and longest economic downturn in the history of the world economy. The Depression began in and lasted until This economic meltdown affected Western industrialized economies but .
The great depression is a major contributor for this. 20th century theatre is when the Great Depression plagued Europe, Because of this playwrights started to make plays on realism like John Osborn’s Look back in anger.
Introduction The Great Depression in the United States, which lasted from the end of until the early 's, was the worst and longest economic collapse in the history of the modern industrial world. The Wall Street stock-market crash of began the Great Depression. The depression had horrible effects on the country. 6. Causes of the Great Depression i. World-wide and domestic factors 6. Summary of the effects of Great Depression 7. Conclusion 8. Works Cited. The Great Depression. Background. The great depression is an immense tragedy that took millions of people in the United States from work.
Introduction The Great Depression was a worldwide economic decline which occurred in ’s. It was the longest period of unemployment beginning from to s. Introduction. The great depression essay in front of you offers a detailed summary of what caused the Great Depression that took place between and - a period of worldwide economic crisis that began in the United States of America. From to around the s, a lot transpired across the globe.