Great Depression Essays (273 words) - Systemic Risk, World Economy

Great Depression Explain the underlying and immediate causes of the Great Depression. The causes of the Great Depression are all important and mostly interrelated. The distribution of wealth was far outbalanced as much more money was acquired by the rich. Oversupply and the inability of consumers to buy products caused several more problems. The declining demand was receding long before 1929. The coal, railroad, and textile industries were all losing money. Major industries: such as automobiles, construction, and mechanized agriculture, consumption levels stayed the same. However, when the demand began to level, the supply surpassed demand. Many unsold products were stored and many workers were laid off. Wages soon decreased and so did the purchasing power of the employed. People borrowed money from many sources. When the stock market crashed, the loans were expected to be paid back. Many withdrew their savings to payback the loans. This caused several banks to collapse. Upper classes grew richer and middle and lower classs income did not increase. International economic problems also influenced or were influenced by the depression. American imports and exports declined. Foreigners money flow to buy American products decreased because they did not receive money from selling their goods to us and they profited less by selling their goods here because of tariffs. Europeans withdrew their investments in the United States to cope with their economic problems. The Great Depression will always be reminder to the public and the government of what can happen to the economy. It was a great time of change and development for our country. It influenced how our society works, saves, and spends to this very day. History

Galapagos essays

Galapagos essays A. After I read Galapagos, I thought it was a good story. It was a little different from other novels I have read in that the author, Kurt Vonnegut, had a different style than most other authors. I liked how he made comments about humans big brains that always gave them foolish or reckless ideas that almost always had negative results. The way he showed how a world changed because people no longer thought that paper money was valuable provoked many thoughts about how something like that could actually happen. B. I saw myself a few times throughout the book. For example, I saw myself in Mandarax; always a source of some information, none of which is of use to most people. Mandarax would always have something to say under any circumstance, but usually what it said had nothing to do with what was going on. Much like an internet search engine, you give it a bit of information and in return you get a whole lot of nothing. I also saw myself in Leon Trout. When the blue tunnel into the afterlife came for him, he didnt want to go until he found out what happened to the people on the ship. Once I start reading something and it gets to a situation where someone is in trouble; I dont like to stop until I know they are safe. From this story I learned a lesson. Dont always trust your big brain?! Though it may tell the rest of your body to do the things that make you live and breathe, it will sometimes tell you to something that might endanger or kill you. For instance, Mary Hepburns brain told her to put a plastic dress bag over her head to kill herself. I also learned to not judge someone by first sight or based on little knowledge. When Mary Hepburn first met James Wait, he was feeding some starving children. Sh...