However like history has shown, a time of economic prosperity, like the Roaring Twenties, result in a depression. Like every other depression, The Great Depression resulted in many social, economical, and political tribulations; it changed lives in the matter of a
Among both sources, the conditions under which people lived during the Great Depression can be described as “the end of an era for those who had come to believe in ‘money for nothing’” (Harman 469) and “so long-lasting, so severe, and so global that it has become known as the Great Depression” (Bentley-Ziegler 985). It’s true that the world was in turmoil. People of all ages and of all social classes were panicking, some believing the times impossible to bear. For some, this was true. The Stock Market Crash, which coincided with the Great Depression, allowed for further suffering, especially great financial toil.
Arguably the biggest was the Wall Street Crash in 1929 and the following unemployment that followed. This could further be seen through the weaknesses of the Weimar Republic specifically with problems of the Article 48. Hitler’s own ability as a leader should also be considered as electoral success shows. Finally other reasons could be through violence and intimidation (SA and SS) and popular policies. However it can be argued that the roots of Hitler’s appointment as Chancellor in January 1933 lie in the disaster of the Wall Street Crash of 1829 and the subsequent 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. The new dealof President Roosevelt has been accredited for saving the U.S out of theeconomicturmoil it found itself into. This aimed at provision of relief as well as employment opportunities, which helped to initiateeconomicrecoveryalthough it was not completely achieved until nineteen forty one as ammunition industries prepared for the Second World War (Burg 103). The causativefactors of the Great Depression are still a debatable issue for historians and economists.
However, many still do not believe that these safety nets will work and all that will happen is a mass amount of inflation. The effects of the great depression have no only affected those who were alive in those times but also to their children who have learned from them. Therefore, without a doubt the psychological effect of the great depression was the single biggest effect on America and American
To what extent was the Great Depression the main reason for Hitler’s rise to power? One of the main reasons for Hitler’s rise to power was the effects of the Great Depression of 1929. After the Wall Street crash, the U.S. called in its loans to Germany thus increasing both poverty and unemployment levels. The Weimar government did not understand how to reverse the situation so the general public became angry and lost confidence in the relatively new democratic system. During a depression, political trends become extremist and so the Nazis flourished; Hitler offered both a scapegoat and himself as a strong leader to look up to.
How important was the Wall Street crash as a cause of the Great Depression in the U.S.A The great depression was a financial crisis that affected most of the developed world throughout the1930’s. Even though the start of it can be seen at the end of 1929 most countries didn’t really feel it until the 1930’s. Also when it ended varied from all different countries some seeing recovery by the late 1930’s and don’t see it until 1940. The Wall Street crash (October 1929) and the great depression are two separate events. Although seen as similar or maybe the same they are not as the Wall Street crash is quite simply just one of many factors for the great depression ( The longest and most destructive recession of the 20th centaury)!
The Great Depression All economies experience both expansionary and recessionary periods throughout their history. However, until most recently, the one recession that has had a well-known impact around the world is “The Great Depression of 1929”. The Great Depression is a great example of how horribly the world’s economy can collapse. This recessionary period is directly correlated with the United States Stock Market Crash on October 29, 1929 which is also known as “Black Tuesday.” This recession affected industrialized countries worldwide making it become a global recession. The main misconception of The Great Depression is that it was a sudden and consistent collapse in the stock market.
Unemployment percentages were at an extreme high and this failure to regulate money throughout the economy drove down the economy. The overproduction which initially started this downwards spiral effect can be recognized as a very important cause to the start of The Great Depression in
‘The Wall Street Crash was the main reason Hitler got into power’. Do you agree? When the Wall Street stock market crashed in 1929 America’s economy was plunged into a depression. This had a big impact on Germany’s economy, as they relied on the loans from America, and was a big reason in the Nazis coming to power. However there were many other factors that contributed towards the Nazis rising to power, for example Propaganda, the weakness of the opposition and the role of Hitler.