Causes of the Great Depression Essay | Essay

This student essay consists of approximately 2 pages of analysis of Causes of the Great Depression.
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Causes of the Great Depression

Summary: The great Depression was a decade long span of a poverty stricken world. It began in 1929 with an unequal distribution of wealth between classes, which lead to the collapse of the stock market this created financial panic for all. This essay examines the politics and events that led to this dramatic decline and eventual economic fallout.
The great Depression was a decade long span of a poverty stricken world. It began in 1929 with an unequal distribution of wealth between classes, which lead to the collapse of the stock market this created financial panic for all. World war II ended the decade of crises because new arms factories employed workers. New machines made human labor dispensable. The great depression was caused by a combination of scientific ingenuity, political and social disruption, as well as economic crises.

During the pre-depression era upper middle class families had paid servants to perform daily chores. This came to a screeching halt when companies such as general electric, Amana, and Hoover began making products to replace expensive and slow human labor. These products promised to perform double the work in the same amount of time, allowing families to save money. For example a family has two servants tending to the...

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This section contains 505 words
(approx. 2 pages at 300 words per page)
Buy the Student Essay on Causes of the Great Depression
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