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The effects of the Great Depression were huge across the America....
Events such as the stock market crash, an economy suffering from being inflated, overuse of credit, a farming crisis, and other events led America to the economic downfall known as the Great Depression.
Research on the effectiveness of Cognitive Behavioral Therapy (CBT) for those who are suffering from depression shows that in the short term, the effectiveness is similar in results to medical interventions....
The Great Depression, causes and effects.
When the Great Depression hit the shores of Australia, the nation was without a federal program which could assist the unemployed. Initially, many people had to rely on charities for financial aid and a few other private organisations for food and various other commodities. Public works programs were also favoured by the States as a means to relieve unemployment; however they were usually funded by overseas loans which had begun to be refused.
In 1929 the Federal Scullin Government expressed its belief that the welfare of the unemployed was the responsibility of the States. They did, however, provide some relief for the unemployed by allocating £1 000 000 in funds, which were originally intended for the improvement of roads. But this was only the beginning of the Great Depression. Unemployment rates soared in the years which followed and soon the Commonwealth Government found itself having to provide another £1 000 000 in July 1930 and £500 000 in December, for States to be able to generate employment from the construction of public works. This money was given under a number of conditions which included that the public works had to be profitable enough to enable the State to repay interest on their loans.
Great Depression - A Short History of the Great Depression.
Property owners felt depressed because their assets were shrinking, manufacturers had to deal with declining sales, building operators experienced a crippling lack of demand, railroad managers were desperate because fewer people utilized the rails, farmers were ruined by deflated prices, wage-earners were facing unemployment and successive wage cuts....
Rising unemployment, falling incomes, increasingly underutilized capacity, the drop in primary-product prices and the collapse of international trade combined to depress the international economy.
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The depression was the biggest economic fall in American’s history.
The Great Migration is a term used in the U.S. history to denote the period in the 20th century, from 1916 to 1970, when African Americans, based in the South, moved on a large scale from rural communities. While initially living mostly in the Southern states, during the Great Migration nearly six million African Americans relocated to the large urban cities in the North, West and Midwest.
There are around seven different types of depression.
African Americans moved out to escape the miserable conditions in the South that included low wages, racism and lynching. By contrast, in the backdrop of the growth of industries there was an acute shortage of the labor in the North. So the movement was spurred to seek better education for their children and more lucrative employment for themselves. The state of California was a much preferred destination as there was a great demand for industrial workers and abundance of job opportunities in various industries. During 1965 - 1970 a serious migration occurred in the fourteen main states including regions like New York, Chicago, Philadelphia, Detroit, Mississippi, Louisiana and Alabama.
Each of these reasons probably played a part in the Great Depression.
The Migration of African Americans decreased in the 1930s owing to the Great Depression, but resumed considerably with the advent of the Second World War. The Great Migration of the African Americans ended by 1970 leaving behind a great change in the demography of the people remaining in the South. While the population of the African- Americans grew by 40 percent in the cities such as Chicago, Cleveland and New York, it decreased dramatically throughout the South.
So, who is depressed what does the face of depression look like.
Although, the origin of depression was United Sattes but with US Economy being highly correlated with global economy, the ill efffects were seen in the whole world with high unemployment, low production and deflation.
Americans failed to see the great problem looming overhead though.
Stock Market Crashes, Bank Failures and a lot more, left the governments ineffective and this lead the global economy to what we call today- ‘’Great Depression’’.(Rockoff)....
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