The Great Depression Is The Worst Economic Downfall Of The...

The Great Depression is the worst economic downfall in the history of the modern western world. In this time banks were failing, people were losing jobs more and more each day and investments lost all value, people even burned money for warmth. The Great Depression was felt in nearly every nation around the world, but Europe and the United States was where it mainly took place. This economic downfall lasted for 10 years and changed the entire world, not just with a shortage of money but also a shortage of people. Leading up to The Great Depression was WWI, the first war that involved more than just a couple countries fighting in an isolated place. This war was between more than 60 nations including colonies controlled by the major European countries. Battles took place all over europe and parts of Russia when it was all said and done. The war left many countries poor from having to pay for this expensive war. And many countries were asking other countries for money just to pay it to other countries. The Great Depression really began when the stock market crashed in October 1929. It happened on what now is considered â€Å"Black Tuesday† October 29 1929. On Black Tuesday a record of more than 16 million shares were traded. With that many shares being traded at once the value dropped and investors lost their money. This wasn’t the only cause but it’s what is considered to be the event that sent not just the United States but also the word into the Great Depression. There wereShow MoreRelatedAustralia: 1700 to Present1557 Words   |  7 PagesAustralia: 1700 to Present Analyze the political, social, and economic continuities and changes in Australia from 1700 AD to the present. While Australia has politically gained independence since the 1700’s, their ethnicities have shifted to create a socially diverse country as they remain closely tied with the rest of the world in regards to global trade. Since Britain used to rule Australia in the 1700’s, Australia since has had revolutions that granted them political independence from a largerRead MoreThe Effects Of The Great Depression4304 Words   |  18 PagesPaper 2: The effects of the Great Depression By: Christa Dorvil Paper 2: The effects of the Great Depression By: Christa Dorvil Modern World History Instructed by Dr. Stephanie Laffer Miami International University of Art and Design Abstract Never had the flaws of capitalism been so evident or as devastating as during the decade that followed the outbreak of the Great Depression in 1929. All across the Euro-American heartland of capitalist world, this vaunted economy systemRead MoreCollapse Of The Great Depression2285 Words   |  10 Pagesoutbreak of the Great Depression in 1929. All across the Euro-American heartland of capitalist world, this vaunted economy system seemed to unravel. For the rich it meant contracting stock prices that wiped out paper fortunes almost overnight. 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In 1888, Muybridge finally met Thomas Edison who was a prolific inventor. Edison quickly saw the scientific as well as the economic potentials of Muybridge’s Zoopraxiscope, so he appointed his top scientist, William Dickson, and gave him the task of developing a better projector. 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But much of the country was beginning to question in earnest the structure of colonial society by the early 1930s. The emergence of Rasta during that period corresponds with so much that was happening around the world. Rastas could tell that social unrest in Jamaica was going to lead to a movement away from colonial rule and, having heard Marcus Garvey speak of the importance of Africa to black people in the New World, found in his remarkable successRead MoreOrganisational Theory230255 Words   |  922 Pagesthought-provoking, witty and highly relevant for understanding contemporary organizational dilemmas. The book engages in an imaginative way with a wealth of organizational concepts and theories as well as provides insightful examples from the practical world of organizations. The authors’ sound scholarship and transparent style of writing set the book apart, making it an ingenious read which invites reflexivity, criticalness and plurality of opinion from the audience. This is a book that will become a