The number of stocks available for sale was higher that the number of people willing to buy and eventually the market crashed (Great Depression, 2008).The 1920s saw the American economy rise but the prosperity was unevenly distributed and the farmers as well as the untrained laborers were largely excluded.
The number of stocks available for sale was higher that the number of people willing to buy and eventually the market crashed (Great Depression, 2008).The 1920s saw the American economy rise but the prosperity was unevenly distributed and the farmers as well as the untrained laborers were largely excluded.Tags: Essay On Conflict Resolution In SchoolsBen Franklin Autobiography ThesisNeed Essay WritersTerm Paper WritersHow Do I Write An Argumentative EssayTechnique De La Dissertation HistoriqueEssay EtymologyCreative Writing Newcastle
No country is in isolation and its activities affect other countries too even if they do not have a hand in causing the problems.
It therefore follows that countries must take precautions to prevent an event like the Great Depression by learning its causes as well as its effects in order to minimize future damage or suffering in case of a similar tragedy.
The effects of the Great Depression were felt both at home and abroad. For example, countries in Europe were affected greatly as their economies were hit hard.
In Germany, the economic blow led to social dislocation that is alleged to have played a major role bringing Adolf Hitler to power (Great Depression, 2008).
The Great Depression led to untold suffering to millions of Americans as well as the devastation of the country’s economy.
The effects extended to other countries as well due to international trade just as it happened during the recent economic down turn.
It therefore led to the nation having a greater production capacity and could not match in consuming the products.
Moreover, the policies of the Republican administration in regards to war-debts and tariff had led to a decline in market for the American goods (Great Depression, 2008).
The people did not have a source of income and suffered a great deal.
The country’s economy suffered too” The gross national product declined from the 1929 figure of 3,828,000,000 to ,760,000,000 in 1933” (Great Depression, 2008, par. The suffering led economic hardships as well as physical, emotional, emotional and cognitive sufferings to the people because the Depression was a big tragedy hence they exhibited signs that people going through other crises exhibit (Barr, 2005).