His family owns a successful wholesale hardware business, but Nick, longing for the grandeur and tumult of city life, moves to New York to become a bond man. He rents a cheap little house in West Egg, the less fashionable version of East Egg, Long Island, and lives there among the nouveau riche or new money. Following this first dinner, Nick attends a series of parties with the Buchanans and their close friend, Jordan Baker, whom Nick casually dates throughout the summer.
There are many contributing factors but not one specific event can be pin pointed for starting the depression. It is believed that some events contribute more than others-such as the Stock Market Crash of So many people sold their stocks at a rapid rate that the corporations were unable to pay the shareholders.
Sooner or later a crash is coming which will take the leading stocks and cause a decline from 60 to 90 points in the Dow Jones Barometer. This was a leading causes that assisted the Great Depression become one of the bleakest and most studied events in the history of our country: Another large contributing factor was Mother Nature, I say this because in Oklahoma the weather was so dry that the farmers were unable to harvest their crops: In other areas, the extreme opposite took place: The drastic result of this oversupply made it hard for farmers to make money due to the fact that they had so much that they were forced to sell it at substantial low priced just to remain competitive enough to make even the small profit they were making.
For example when banks had large reserves, they lowered interest rates. Cheaper loans encouraged manufactures to invest in new equipment and hire additional workers.
The resulting expansion of production caused an upswing of the cycle. That discouraged investors and slowed the economy down. Another good explanation was the bad distribution of wealth for the cycles. During these challenging and difficult times the rich opted not to spend there money: This resulted in increased investments, more production, and eventually more goods piled up on shelves and warehouses.
Prices fell, production was cut back and workers were discharged. As a result, the economy entered the depression phase of the cycle. The crisis stage of the cycle was brought about by bank failures and by irrational selling of stocks ;thus causing business failures, a slowing in production, a rise in unemployment, and an overall optimistic view about the future.
Lionel Robbins was a professor at the London School of Economics. An example of Robbins philosophy was that the monetary confusion and rampant inflation after the war had hampered. Many policies that the government put out hurt and slowed the recovering economy.
One act known as the American Hawley-Smooth of crushed the European industry which was already unstable from the depression. It stopped European trade and prevented European from earning the almighty dollar.
This Act also destroyed any possibilities of regaining the money loaned to them during World War I. The collapse of the German Banking system in had monumental affects on the entire world. It aided to turn, what would have been, a small economic problem into the Great Depression.
They claimed the reparations brought down the economic vitality of their country to an all time low.
Not one single book I have read has blamed any one specific country for the start of this catastrophe. As a matter of fact, each book has said if the countries would have worked in unison rather than focusing solely on themselves we might not have ever heard of the Great Depression.
Nobody knows what the result would have been if the countries worked together and resolved the problem before it festered as it did.
No one ever envisioned the extensive duration of the depression. My only prayer is that we never see another time like this again. When American producers cut back on their purchases of raw materials and other supplies, the effect on other countries was devastating.Phdessay team finds good quality papers and negotiates with the author to make his or her work available to general public.
All the submitted papers have been highly appraised by leading academic institutions and go through a comprehensive quality check to make sure you refer to the best examples while preparing your essay.
Alexander the Great was the king of Macedonia or Ancient Greece. He is considered one of the greatest military commanders in history. When did Alexander the Great live? Alexander the Great was born on July 20, BC. He died at the young age of 32 in BC having accomplished much in his short.
be historical. Home About AP World History > > > > > > > > AP Announcements MISCELLANEOUS Be historical. home of the history classes of jeff anderson. Powered by Create your own unique website with customizable templates.
Get Started. Home About AP World History >. Note: Citations are based on reference standards. However, formatting rules can vary widely between applications and fields of interest or study.
The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied. Narrative Essay Samples This is one of the only essays where you can get personal and tell a story. See our narrative essay samples to learn how to express your own story in words.
Whether you are an undergraduate or a graduate student, r-bridal.com can take your writing from slow and mediocre to fast, strong, and effective.
Enter your essay .