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Causes Of The Great Depression Essay

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❶Another group of factors that lead to depression are different psychological problems.

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Essay on The Causes and Consequences of the Great Depression
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Most often, low self-esteem is the major cause, since it makes a person treat themselves with neglect, prevent them from believing in their own strengths, and see the world pessimistically. Other possible psychological reasons are stress, perfectionism, chronic anxiety, avoidant personality disorders, and so on PsychCentral. Personal factors, such as complicated life situations, a tragic family history, childhood traumas, living in stressful environments for a long time, and other similar life circumstances can garner depressive conditions.

Genetic proneness is also related to this group of causes. At the same time, it does not mean that a person will automatically develop depression if he or she had cases of depression in their family, or they are in a complicated life situation. This group of factors mostly creates premises, and is commonly combined with other risk factors Beyond Blue. Alcohol, by the way, is as strong of a cause of depression as genetic factors or psychological problems.

These are not the only possible causes of depression, but commonly, this disorder is caused by an aggregate of the factors described above. It is likely that women develop depression more often than men; also, people with psychological problems and complicated personal circumstances are more prone to developing depression.

The usage of alcohol not only does not help people get rid of stress, but on the contrary, increases the risks of developing depression. Is English your native language? What is your profession? Student Teacher Writer Other. Academic Assignment Writing an Essay. Writing a Research Paper. Writing Guides for Students Writing a Memoir 2.

Creative Writing Guides Writing a Song 3. Writing a Letter Writing an Evaluation Letter 3. This was a leading causes that assisted the Great Depression become one of the bleakest and most studied events in the history of our country: Another large contributing factor was Mother Nature, I say this because in Oklahoma the weather was so dry that the farmers were unable to harvest their crops: In other areas, the extreme opposite took place: The drastic result of this oversupply made it hard for farmers to make money due to the fact that they had so much that they were forced to sell it at substantial low priced just to remain competitive enough to make even the small profit they were making.

Economists recognized the depression as a cycle in which there were four cycles; expansion; crisis or panic ; recession or contraction ; and recovery.

For example when banks had large reserves, they lowered interest rates. Cheaper loans encouraged manufactures to invest in new equipment and hire additional workers. The resulting expansion of production caused an upswing of the cycle. That discouraged investors and slowed the economy down. Another good explanation was the bad distribution of wealth for the cycles. During these challenging and difficult times the rich opted not to spend there money: This resulted in increased investments, more production, and eventually more goods piled up on shelves and warehouses.

Prices fell, production was cut back and workers were discharged. As a result, the economy entered the depression phase of the cycle. The crisis stage of the cycle was brought about by bank failures and by irrational selling of stocks ;thus causing business failures, a slowing in production, a rise in unemployment, and an overall optimistic view about the future. Lionel Robbins was a professor at the London School of Economics.

An example of Robbins philosophy was that the monetary confusion and rampant inflation after the war had hampered. Many policies that the government put out hurt and slowed the recovering economy. One act known as the American Hawley-Smooth of crushed the European industry which was already unstable from the depression. It stopped European trade and prevented European from earning the almighty dollar.

This Act also destroyed any possibilities of regaining the money loaned to them during World War I. The collapse of the German Banking system in had monumental affects on the entire world. It aided to turn, what would have been, a small economic problem into the Great Depression. The Germans also blamed the depression on the harsh terms imposed by the Versailles Treaty, especially the reparation they were forced to pay.

They claimed the reparations brought down the economic vitality of their country to an all time low. Not one single book I have read has blamed any one specific country for the start of this catastrophe. As a matter of fact, each book has said if the countries would have worked in unison rather than focusing solely on themselves we might not have ever heard of the Great Depression. Nobody knows what the result would have been if the countries worked together and resolved the problem before it festered as it did.

No one ever envisioned the extensive duration of the depression. My only prayer is that we never see another time like this again. When American producers cut back on their purchases of raw materials and other supplies, the effect on other countries was devastating. After Great Britain was again forced to leave the gold standard in , many foreign banks withdrew deposits from America in the form of gold:

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Causes and Effects of the Great Depression The Great Depression was a dark period in the history of theUnitedStates,affecting all the socio-economic sectors of the Americans’ lifestyle. It suppressedgreatly the economic status of the UnitedStates.

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The Cause of the Great Depression Essay Words | 3 Pages. The Cause of the Great Depression The economic expansion of the ’s, with its increased production of goods and high profits, culminated in immense consumer speculation that collapsed with disastrous results in causing America’s Great Depression.

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Essay on The Causes and Consequences of the Great Depression Home \ Free Essay Sample Papers \ The Great Depression was a long-lasting economic crisis in the global economy which started in the U.S. in , and later involved other countries. Explain the Causes and Effects of the Great Depression By: Liran Morav The Great Depression was one of the most significant periods in American history. It came as a blow to the American people who were used to living in the "American Dream" (Paul. A., , p.1), or the "Roaring Twenties".

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These are not the only possible causes of depression, but commonly, this disorder is caused by an aggregate of the factors described above. It is likely that women develop depression more often than men; also, people with psychological problems and complicated personal circumstances are more prone to developing depression. Causes and Effects of the Great Depression The Great Depression was the most catastrophic event in U.S. History. It not only crippled the economy, but stunted political and social aspects of American life as well.