Sample Essay on:
Causes of The Great Depression and President Franklin D. Roosevelt’s “New Deal” Solution

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Essay / Research Paper Abstract

A 3 page paper which examines what caused the Depression and how FDR’s “New Deal” package of domestic programs attempted to achieve economic recovery for the United States. Bibliography lists 1 source.

Page Count:

3 pages (~225 words per page)

File: TG15_TGdepdeal.rtf

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Unformatted sample text from the term paper:

attributed the stock market crash with starting The Great Depression, there were many other factors undermining the U.S. economy that were probably as responsible if not more so than the Wall Street debacle. First, although the U.S. economy was flourishing following World War I, the world markets were becoming increasingly unstable, which seemed to be having what was comparable to a domino effect. Because the United States was rapidly becoming a world superpower and one of the wealthiest nations, it was offering loans to European allies in an effort to keep their flagging economies afloat. In industry, with the demand for products not as strong as during the war and international markets shrinking, overproduction in the manufacturing industry became a serious problem (Barber, 1997). Although employee wages increased, they were disproportionate to the amount of goods being produced, which meant that workers were having greater difficulty purchasing what they had worked to produce. There had also been a large number of banks that had opened at the turn of the twentieth century; too many, in fact. By the 1920s, they were beginning to fail at the rate of several hundred a month. When they did, their customers lost their life savings because there was nothing protecting their money in the event of a defunct financial institution. But perhaps the most devastating blow dealt the American economy targeted the nations farmers. Early in the twentieth century, the United States was still primarily an agricultural economy, and the Midwest in particular was known as "the breadbasket of the world" because of its unparalleled wheat production. Farmers were reaping considerable benefits during this agricultural boon, which again peaked during World War I. After the war, European countries resumed their own crop production, which ...

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