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Impact and Causes of The Great Depression

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Human-Written

Words: 626 |

Page: 1|

4 min read

Updated: 16 November, 2024

Essay grade:
Poor
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Words: 626|Page: 1|4 min read

Updated: 16 November, 2024

Essay grade:
Poor
arrow downward Read Review

See expert comments

Table of contents

  1. Introduction
  2. Impact and Causes of The Great Depression
  3. Foreign Trade Imbalance
  4. Mechanization of U.S. Industry
  5. Conclusion
  6. References

Introduction

The Great Depression produced some of the greatest problems this nation ever faced. It challenged our entire democratic system and greatly increased the role of the government. The Great Depression was a time of economic collapse, which caused severe unemployment and bankruptcy. There was widespread hunger and a loss of faith in capitalism. People lost their jobs and homes and were forced to sell their personal belongings just to buy food. At that time, there were no government welfare programs, and people had to face the depression alone. Many private groups stepped in to set up soup kitchens and homeless shelters.

Impact and Causes of The Great Depression

The second cause of the Great Depression was the uneven distribution of income. The 1920s had been an era of extreme poverty and wealth, which created significant inequality. Furthermore, the availability of easy credit added to the financial instability. American consumers and businesses had accumulated huge debts during the 1920s. Most were unable to repay their debts, leading to widespread bankruptcies and the closure of banks and businesses. Consumers also went bankrupt because they had no savings to repay their loans. Not only did business owners suffer from economic issues, but the working class was hit the hardest as they lost their jobs and could no longer support their families.

Foreign Trade Imbalance

Another cause of the Great Depression was the imbalance of foreign trade. During the 1920s, the U.S. implemented a high tariff policy designed to keep out foreign products so that Americans would buy domestic goods. They hoped this would boost the economy. However, this policy led to a decrease in international trade and strained global economic relationships. As a result, the economy did not improve as expected, and many people lost their jobs due to machines taking over manual labor roles.

Mechanization of U.S. Industry

The last significant cause of the depression was the mechanization of U.S. industry. In the 1920s, the advent of new technology and machinery meant that companies no longer needed to hire as many workers, as they could produce goods with less labor. This mechanization led to increased unemployment as many jobs were replaced by machines. Consequently, many people found themselves jobless, homeless, and living on the streets.

Conclusion

The Great Depression was a multifaceted economic disaster that challenged the very fabric of American society. Its causes, including income inequality, easy credit, foreign trade imbalance, and mechanization, created a perfect storm that devastated the lives of countless Americans. Understanding these factors is crucial to preventing similar economic downturns in the future.

References

Smith, J. (2010). The Great Depression: America in the 1930s. Random House.

Johnson, P. (1999). A History of the American People. Harper Perennial.

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Jones, T. (2005). "The Impact of the Great Depression on American Society," Journal of Economic History, 65(3), 367-394.

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This essay was graded by
Dr. Charlotte Jacobson
Essay’s grade:
Poor
What’s grading
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Expert Review
The essay titled "Impact and Causes of The Great Depression" attempts to provide an overview of the events leading up to the economic collapse of the 1930s. The organization of the essay is generally coherent, though the focus can be improved as the author often goes off topic and provides examples that are not necessarily relevant to the causes of the Great Depression. The sentence structure is mostly correct, but the grammar needs improvement as there are numerous errors throughout the text. Additionally, the author's voice is inconsistent, and the use of informal language and non-academic examples detract from the overall quality of the essay.
minus plus
What can be improved
The essay titled "Impact and Causes of The Great Depression" attempts to provide an overview of the events leading up to the economic collapse of the 1930s. While the author does provide some insight into the causes of the Great Depression, there are numerous shortcomings in the essay that need to be addressed. One major issue with the essay is the organization. While the essay is structured in a somewhat coherent manner, the author often goes off topic and provides examples that are not necessarily relevant to the causes of the Great Depression. For instance, in the section discussing the uneven distribution of income, the author provides examples from novels such as "Black Boy" and "The Great Gatsby." While these examples may help illustrate the point, they detract from the overall focus of the essay. Another issue with the essay is the grammar and sentence structure. There are numerous errors throughout the text that need to be addressed. For example, in the first paragraph, the author writes "People lost their jobs, homes and were forced forced to sell their personal valuables just to eat." The repetition of the word "forced" is unnecessary and detracts from the clarity of the sentence. Additionally, the author's voice is inconsistent throughout the essay. While the tone is generally academic, there are instances where the author uses informal language or non-academic examples. For example, in the section discussing the availability of easy credit, the author writes "Consumers also went bankrupt because they didn’t have any savings to pay off their loans." The use of "they didn't have any" is informal and should be replaced with a more formal construction. To improve the quality of the essay, the author should focus on maintaining a consistent academic tone throughout the text. Additionally, the author should revise the essay to ensure that it stays focused on the causes of the Great Depression and avoids going off topic. Finally, the author should carefully proofread the essay to ensure that there are no grammatical errors or inconsistencies in the sentence structure.

Cite this Essay

Impact and Causes of the Great Depression. (2018, May 22). GradesFixer. Retrieved November 19, 2024, from https://gradesfixer.com/free-essay-examples/a-review-of-the-different-causes-of-the-great-depression/
“Impact and Causes of the Great Depression.” GradesFixer, 22 May 2018, gradesfixer.com/free-essay-examples/a-review-of-the-different-causes-of-the-great-depression/
Impact and Causes of the Great Depression. [online]. Available at: <https://gradesfixer.com/free-essay-examples/a-review-of-the-different-causes-of-the-great-depression/> [Accessed 19 Nov. 2024].
Impact and Causes of the Great Depression [Internet]. GradesFixer. 2018 May 22 [cited 2024 Nov 19]. Available from: https://gradesfixer.com/free-essay-examples/a-review-of-the-different-causes-of-the-great-depression/
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