Essay On Causes Of The Great Depression

Essay On Causes Of The Great Depression-23
It did not entirely lift until the next world war, more than twenty years later.The long-suffering countryside was home to nearly half of all Americans in the 1920s; one out of every five workers toiled on the nation’s fields and farms."The primary cause of the Great Depression," reads the first sentence of President Herbert Hoover’s , "was the war of 1914–1918." And that so-called Great War, along with the Depression it spawned, was the driver that eventually produced the even greater catastrophe of World War II.

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The overwhelming majority of black Americans still dwelled in the eleven states of the old Confederacy, the poorest and most disadvantaged people in America’s poorest and most backward region.

And well before the Great Depression, almost as soon as the Great War concluded in 1918, a severe economic crisis had beset the farm-belt.

Across the long arc of American history, three moments in particular have disproportionately determined the course of the Republic’s development.

Each respectively distilled the experience and defined the historical legacy of a century.

Each embraced a pair of episodes with lastingly transformative impacts.

From 1776 to 1789 the Revolutionary War and the adoption of the Constitution brought national independence and established the basic political framework within which the nation would be governed ever after.

The United States Senate refused to ratify the Treaty of Versailles and rejected membership in the nascent League of Nations.

Congress in 1922 effectively closed the American market to foreign vendors with the Fordney-Mc Cumber Tariff, among the highest in United States history, and the Smoot-Hawley Tariff eight years later.

From 1861 to 1877 the Civil War and Reconstruction affirmed the integrity of the Union, ended slavery, and generated three constitutional amendments that at least laid the foundation for honoring the Declaration’s promise that "all men are created equal." And between 19 the Great Depression and World War II utterly redefined the role of government in American society and catapulted the United States from an isolated, peripheral state into the world’s hegemonic superpower.

To understand the logic and the consequences of those three moments is to understand much about the essence and the trajectory of all of American history.

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