Great Depression Essay -- essays research papers

The Great first began in late 1929 and lasted for almost a decade. The economicalal embossment that combat many countries in the thirty-something was unique in its magnitude and its consequences. At the depth of the depression, in 1933, ane American worker in all(prenominal) four was out of a job. In other countries unemployment ranged between 15 percent and 25 percent of the labor force. The great industrial lessening continued throughout the 1930s, shakiness the foundations of Western capitalism an economic remains ground on the snobby ownership of the means of production and scattering of goods, characterized by a assoil competitive market and motivation by profit and the society based upon it. Despite the seeming business prosperity of the 1920s, on that point were serious economic weak spots, a chief sensation being a depression in the agricultural sector. Also grim were such industries as blacken mining, railroads, and textiles. By 1928 the construction b oom was over. The salient rise in prices on the seam market from 1924 to 1929 bore myopic relation to actual economic conditions. In fact, the boom in the stock market and in objective estate, along with the expansion in credit rating (created, in part, by low-paid workers purchasing on credit) and high profits for a few industries, concealed prefatory problems. Thus the U. S. stock market flash that occurred in October 1929, with huge losses, was not the fundamental cause of the Great Depression, there was the trade barriers along with the unequally distributed income w... Great Depression Essay -- essays research papers The Great Depression began in late 1929 and lasted for about a decade. The economic depression that beset many countries in the 1930s was unique in its magnitude and its consequences. At the depth of the depression, in 1933, one American worker in every four was out of a job. In other countries unemployment ranged between 15 percent and 25 pe rcent of the labor force. The great industrial slump continued throughout the 1930s, shaking the foundations of Western capitalism an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit and the society based upon it. Despite the seeming business prosperity of the 1920s, there were serious economic weak spots, a chief one being a depression in the agricultural sector. Also depressed were such industries as coal mining, railroads, and textiles. By 1928 the construction boom was over. The spectacular rise in prices on the stock market from 1924 to 1929 bore little relation to actual economic conditions. In fact, the boom in the stock market and in real estate, along with the expansion in credit (created, in part, by low-paid workers buying on credit) and high profits for a few industries, concealed basic problems. Thus the U. S. stock market crash that occurred in Octobe r 1929, with huge losses, was not the fundamental cause of the Great Depression, there was the trade barriers along with the unevenly distributed income w...