The Great Depression

Topics: Great Depression, John Maynard Keynes, Keynesian economics Pages: 6 (1946 words) Published: October 8, 1999
The Great Depression

All these changes affects the society in different ways .The Great Depression caused many people to destruct businesses and led the government to regulate the businesses and economic affairs. All this increased regulation led to the widespread belief that the government should promise or guarantee citizens a good life, and high employment. After the depression, many people no longer trusted employers to protect workers.

As a result labor unions gained more members and grater public acceptance then ever before. Depression makes some people lose there faith in government which then brings them to not believe anybody who promises a change.

Can anyone tell me who you think was the two leaders that actually took part during the depression was? (show overhead of the fifth paragraph) Leaders who actually took power during the depression were Adolph Hitler and Benito Mussolini who of which was the dictator of Italy from 1922 to 1943 just like Hitler was dictator of Germany from 1933 to 1945. Relation between the nations suffer during a depression. Basically each country tries to protect its own interests without concerns of other nations.

Depression hurt a lot of people, especially working people who lose there jobs. Bank failures clean out some depositors savings if funds are not ensured. When there was the depression, most people can not meet the house or apartment payments so they lose there homes and become homeless.

During a depression some people must live on charity just to support themselves and there families. Sometimes the people who get the charity money, clothes, and food get kind of embarrassed that they need the money and they feel ashamed that they can't afford to support themselves which is basically not their fault. The Great Depression caused lots of marriages and birth rates to decline. If you were a younger person and you didn't have a job you would delay your wedding until you have enough money to pay for it just because of the depression. Most of the time when your unemployed for a long time you lose faith in yourself and in the future. After a depression many people value security more than anything else.

Some people profit from the depression, like people with enough money can buy businesses, stocks, or other property for a very low price.

From what I hear economists disagree on what causes depressions and how they are or can be prevented .Some economists believe that psychological factors such as peoples optimism or pessimism, determine decisions to save or spend.

Several theories maintain that population changes or inventions cause periods of expansion and contractions-(depression or recession). When immigration or higher birth rates cause a population to grow, demands tends to increase.

When population growth slows down, demands drop by huge amounts. Such inventions as the automobile and color television spur business investments and consumer spending, causes expansion. After demand for these products has been satisfied, spending drop offs resulting in contraction. Still other theories suggest that during expansion, business invest too heavily in buying.

The expanded role of the federal government came to be accepted by most all Americans by the end of the 1930's. Even republicans who had bitterly opposed the new deal shifted there stance.

Wendle Wilkie the republican president nominee in 1940 declared that he couldn't oppose reform such as regulation of the security markets and the utility holding companies, the legal recognition of unions, or social security and unemployment allowances. What bothered him so much and not just him but other critics was extensions of the federal bureaucy. In March of 1933 president Roosevelt declared "There is nothing to fear but fear itself."

The great depression was the worst economic slump ever in the U.S History, and one which spread to virtually all of the industrialized world. ( show second...
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