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Essay / Research Paper Abstract
This 5 page paper considers the views of the United States between 1929 and 1939 and the transformation of significant economic and social issues during this era. In particular, this paper outlines the views presented in Frederick Allen's book Since Yesterday, and assesses the implications for understanding the overall impact of the business creed during this era. No additional sources cited.
Page Count:
5 pages (~225 words per page)
File: MH11_MHUS1930.doc
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Unformatted sample text from the term paper:
theorists have recognized that the factors that influenced definitive change in the 1930s determined a subsequent shift in the view of economics and the role they played in shaping the
social culture of the nation. In fact, it has been argued that the development of the business creed and the progression of the social climate in the pre-World War
II era was a direct extension of the genesis of the free-enterprise system and an emerging convergence of political and economic interests. In his book Since Yesterday, Frederick Lewis Allen
considers the historical, social, political and economic changes realized between 1929 and 1939 and the implications for determined a process for national change. Inherent in the views of Allen
is the belief that the structural and theoretical changes that took place in the 1930s inherently influenced the progression of the capitalist focus in the United States and redefined the
underlying free-enterprise movement through distinct economic and political changes. Allen argued that the progression of events and political developments following the crash of the stock market in 1929 reshaped
the national focus and defined the historical transformation of the nation. There are a variety of arguments that have presented about the cause of the Great Depression, the role of
the government and their subsequent response, and the polices that were enacted following the crash of stock-market in 1929 that determined shifts in the 1930s. The crash of the
stock market has been recognized by many historians as an apocalyptic event in American history, a turning point that determined the economic and political course of events for decades.
In correlation with this view, the Depression era has been assessed as a central period in the development of American nationalism and the focus on the American middle class.
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