Causes_of_the_Great_Depression lesson
Canada in the Great Depression
Stock Market Crash
• Too many people were buying stocks “on margin” which means that they borrow money from the bank in order to buy more stocks. • The crash occurred on “Black Tuesday”, October 29, 1929. • Families lost all their money, businesses went bankrupt.
• This uncertainty and optimism led to these underlying causes of the Great Depression:
• Canada’s economy relied heavily on exports to other countries • European economies were still weakened by the effects of WWI
• In some cases people felt there was no wayபைடு நூலகம்out of the despair of the depression and suicide rates increased.
• The Wizard of Oz, Gone with the Wind, Frankenstein, Snow White and the Seven Dwarfs and King Kong were extremely popular during the 30’s because these films of fantasy allowed people temporarily escape from the problems of their daily lives.
the great depression名词解释
The Great DepressionIntroductionThe Great Depression is considered one of the most significant economic downturns in the history of the United States and the Western world. Lasting from 1929 to the late 1930s, this severe economic crisis hadfar-reaching consequences not only for the American economy but also for global economies. In this article, we will explore the causes, impact, and legacy of the Great Depression.Causes of the Great Depression1.Stock Market Crash of 1929:–The economic turmoil began with the stock market crash on October 29, 1929, also known as Black Tuesday.–Stock prices plummeted, leading to a massive loss of wealth for investors and the collapse of many banks.2.Overproduction and Underconsumption:–The 1920s witnessed rapid industrialization and an increase in production capacity.–However, wages did not rise at the same pace, leading to a growing gap between the rich and the poor.–As a result, a significant portion of the population could not afford to buy the goods produced, leading tooverproduction and a decline in demand.3.Decline in Agricultural Prices:–Farmers, already grappling with overproduction and falling prices in the 1920s, were hit hard during the GreatDepression.–The Dust Bowl phenomenon worsened the situation, as severe droughts and soil erosion devastated farmlands in theMidwest.4.Bank Failures and Credit Crunch:–The stock market crash resulted in many banks suffering significant losses.–People began to panic and withdrew their money from banks, leading to a wave of bank runs and subsequent bank failures.–The lack of credit availability further exacerbated the economic crisis.Impact of the Great Depression1.Unemployment and Poverty:–The Great Depression resulted in soaring unemployment rates, with nearly 25% of Americans without jobs during the peak ofthe crisis.–Many families fell into poverty, struggling to meet their basic needs and facing homelessness.2.Business Failures:–Numerous businesses, both large and small, collapsed during the Great Depression.–The combination of decreased demand, credit shortages, and financial instability led to widespread bankruptcies.3.Global Economic Contraction:–The economic decline in the United States spread to other countries, with international trade shrinking significantly.–Countries heavily dependent on exports, such as Germany, experienced severe economic downturns.4.Social and Psychological Impact:–The Great Depression had a profound impact on individuals’ mental well-being.–Suicide rates increased, and there was a general feeling of hopelessness and despair among the population.Government Response and Recovery Efforts1.The New Deal:–President Franklin D. Roosevelt implemented a series of economic relief and reform measures known as the New Deal.–The New Deal aimed to provide immediate relief to those suffering, stimulate economic recovery, and implement long-term reforms to prevent future crises.2.Expansion of Government Intervention:–The Great Depression marked a turning point in the role of government in the economy.–The federal government took on a more active role,implementing regulations, creating social safety nets, andpromoting economic stability.3.Public Works Projects:–The New Deal included various public works projects, such as the construction of infrastructure, aimed at creating jobsand stimulating economic growth.4.World War II:–The outbreak of World War II ultimately ended the Great Depression.–The war stimulated industrial production and createdemployment opportunities, pulling the economy out of thedepression.Legacy of the Great Depression1.Regulatory Reforms:–The Great Depression led to the establishment of financial regulations to prevent another economic catastrophe.–The Glass-Steagall Act, for example, separated commercial and investment banking and created the Federal DepositInsurance Corporation (FDIC) to safeguard bank deposits.2.Social Security System:–The Social Security Act, enacted during the New Deal,established the foundation for the American social securitysystem.–It aimed to provide economic security for the elderly, unemployed, and disabled through various financialassistance programs.3.Lessons Learned:–The Great Depression highlighted the importance ofgovernment intervention during economic crises.–It paved the way for a better understanding of monetary and fiscal policies’ role in stabilizing the economy.4.Economic Research and Analysis:–The Great Depression prompted economists to delve deeper into understanding the causes, effects, and potentialsolutions to economic downturns.–The field of macroeconomics emerged, leading to thedevelopment of new theories and models.ConclusionThe Great Depression remains a significant event in world history, leaving an indelible mark on economies, governments, and society as a whole. Its causes, devastating impact, and subsequent government response shaped economic policies for decades to come. Although lessons were learned, the scars of the Great Depression serve as a constant reminder of the fragility of the global economy and the need for prudent and proactive measures to prevent future crises.。
英语国家概况问答题
1.Briefly discuss the international influence of the UK exerciseson today’s world.The UK had built up a huge overseas empire.It is a developed country,with the fifth GDP largest economy in the world.The UK remains a major power with strong economic,cultural,military and political influence worldwide.2.What are the causes of the Great Depression?Unbalanced economy,the tendency to use profits for speculation rather than for productivity;an unregulated banking system and a lack of supervision of the stock market.3. What are the characteristics of the British Constitution?The UK has no written constitution in any one document it is only partly written and contained in multiple documents,characteristics:1constitutional monarchy;2 parliamentary sovereignty;3 representative democracy;4 the rule of law4. Why has the turnout(参加人数)been so low in American general elections during the past few decades?Because it is inconvenient for some citizens to participate in the election because of the different registration laws.And the Americans aremuch more care about the local politics than those at the federal level.5. What are the problems that the Social Security System confronts in the UK today?Frist of all,the funding of its insurance has always been problematic and levels of benefit low;Secondly,it is very complicated for claimants and administrators alike with its array of benefit and is subject to fraud;Thirdly,one technical difficulty in implementing the system is that accurate figures of poverty are hard to define;Finally,the system has been criticized for the racism and sexism in the mind of original architect of the system.温馨提示:除了50分的选择题和30分的3道简答题,试卷还有10分的判断题和10分填空题。
两次经济大危机原因的比较研究 (英文版)
2014--2015学年第一学期«英语国家概况»科目考查论文A Comparison of the Causes of The Great Depressionin 1929 and the Great Recession of 2008 1929年大萧条与2008年经济大危机成因对比研究学院专业班级学生学号AbstractThe Great Depression in 1929 and the Great Recession of 2008 are twolarge-scale events in American economic history for nearly one century. Though the two economic crises vary in background, ways of eruption and origins, they definitely share in common. For example, both of their eruptions are caused by economic imbalance, overproduction, and the driving force behind these is the capital seeks for profit.The study will focus on the comparison of the Great Depression and financial crisis. The writer will do a brief discussion and research on their courses, then to reveal their significance to prevent and settle today’s economic crisis, which contributes to help us to improve the cognition to economic crisis’ development.The thesis is composed of following five parts:In the first part the writer briefly describes the background of the crises and their impacts on world economy and then leads to the causes of the two crises.In the second part the writer explains the common causes of American two economic crises. In the third part and the fourth part the writer interprets the causes of two American economic crises in 1929-1933 and in 2008 respectively.In the conclusion the writer concludes that through the research of the causes of the two economic crises, the countries in the modern world may learn how to improve its capacity to prevent and resolve the potential economic crisis.Key words: economic crisis, financial crisis, United States, comparison, causes摘要美国2008年发生的经济危机与20世纪30年代的经济危机是近一个世纪以来美国经济发展史上出现的两次大规模的危机。
The_Great_Depression
About Franklin D. Roosevelt
Born in 1882 at Hyde Park, New York--now a national historic site--he attended Harvard University and Columbia Law School. On St. Patrick's Day, 1905, he married Eleanor Roosevelt. He won election to the New York Senate in 1910. President Wilson appointed him Assistant Secretary of the Navy, and he was the Democratic nominee for Vice President in 1920.As the war drew to a close, Roosevelt's health deteriorated, and on April 12, 1945, while at Warm Springs, Georgia, he died of a cerebral hemorrhage.
About the New Deal
1、What is the New Deal? 2、The first hundred days 3、Reforms 4、Recession of 1937 and recovery 5、World War II and the end of the Great Depression
C a use s of the G re a t D e pre ssion T he re we re m ultiple ca use s for the first downturn in 1929. T he se include the structura l we a kne sse s a nd spe cific e ve nts tha t turne d it into a m a jor de pre ssion a nd the m a nne r in w hich the dow nturn spre a d from country to country.
The Great Depression
2. Bank Failures
Throughout the 1930s over 9,000 banks failed. Bank deposits were uninsured and thus as banks failed people simply lost their savings. Surviving banks, unsure of the economic situation and concerned for their own survival, stopped being as willing to create new loans. This exacerbated the situation leading to less and less expenditures.
Effects
Nation after nation fell victim to:
Industrial decline Bank failures Deflated prices and profits Commercial stagnation
Personal Hardships
Causes
1. Stock Market Crash of 1929
It was one of the major causes . Two months after the original crash in October, stockholders had lost more than $40 billion dollars. Even though the stock market began to regain some of its losses, by the end of 1930, it just was not enough and America truly entered what is called the Great Depression.
The-Great-Depression[1]资料讲解
Virtually no federal regulations existed to control banks; Corruption was rampant; many bankers bought stocks on margin with customers’ savings.
The-Great-Depression[1]
Outline
1、What is the Great Depression? 2、Causes of the Great Depression 3 、 Start of the Great Depression 4、Effects of the Great Depression 5、Turning point and recovery
argin Buying in the Stock Market:
An individual could purchase a share of a company’s stock and then use the promise of
Factories produced too much and people were not able to buy all of the new products.
b.Overproduction in agriculture:
When WWI ended, there was not as much need for food in Europe.
Start of the Great Depression
The depression originated in the U.S., around September 4, 1929 and became worldwide news on October 29, 1929 (known as Black Tuesday).
罗斯福新政中recovery的内容
罗斯福新政中recovery的内容The concept of recovery in Roosevelt's New Deal encompasses various measures aimed at restoring the economy following the Great Depression. 罗斯福新政中的复苏概念包括各种措施,旨在恢复大萧条后的经济。
This period saw widespread unemployment, bank failures, and a general lack of consumer confidence, which required bold and innovative solutions to stimulate growth. 这一时期普遍存在失业、银行倒闭和普遍缺乏消费者信心,需要大胆和创新的解决办法来刺激增长。
One of the key components of the recovery efforts was the establishment of the Civilian Conservation Corps (CCC), which provided employment for young men in conservation and infrastructure projects. 复苏努力的一个关键组成部分是建立了国民保卫队(CCC),为年轻男性在保护和基础设施项目中提供就业机会。
By putting people to work and investing in public works projects, the government aimed to spur economic activity and create jobs. 通过让人们工作并投资于公共工程项目,政府旨在刺激经济活动并创造就业机会。
导致抑郁的原因英语作文
导致抑郁的原因英语作文Causes of Depression。
Depression is a mental illness that affects millions of people worldwide. It is characterized by feelings of sadness, hopelessness, and helplessness that can last for weeks, months, or even years. While the exact causes of depression are not fully understood, there are several factors that are believed to contribute to its development.One of the main causes of depression is genetics. Studies have shown that people with a family history of depression are more likely to develop the condition themselves. This suggests that there may be a genetic component to depression, although the specific genes involved have not yet been identified.Another factor that can contribute to depression is brain chemistry. Neurotransmitters are chemicals in the brain that regulate mood and emotions. When these chemicalsare imbalanced, it can lead to feelings of sadness and despair. This is why many antidepressant medications work by targeting neurotransmitters like serotonin and dopamine.Stress is also a major contributor to depression. When we experience prolonged periods of stress, our bodies release cortisol, a hormone that can have negative effects on our mental health. Chronic stress can also lead to physical health problems like heart disease and diabetes, which can further exacerbate depression.Social factors can also play a role in the development of depression. People who experience social isolation or lack social support are more likely to develop depression. Additionally, traumatic life events like the loss of a loved one or a major life change can trigger depression in some people.Finally, lifestyle factors like diet and exercise can also impact our mental health. A diet high in processed foods and sugar can lead to inflammation in the body, which has been linked to depression. Exercise, on the other hand,has been shown to have a positive effect on mental health by reducing stress and releasing endorphins, the body's natural mood boosters.In conclusion, depression is a complex illness with many different causes. While some of these causes are beyond our control, there are steps we can take to reduce our risk of developing depression. Eating a healthy diet, staying physically active, and seeking social support can all help to promote good mental health. Additionally, if you are experiencing symptoms of depression, it is important to seek professional help from a mental health provider. With the right treatment and support, it is possible to overcome depression and lead a fulfilling life.。
经济大萧条的英语
经济大萧条的英语The Great Depression was a severe and prolonged economic downturn that affected much of the world in the 1930s. It began in the United States and spread to other countries, leading to widespread unemployment, poverty, and social upheaval. The causes of the Great Depression are complex and multifaceted, but they can be broadly attributed to a combination of factors, including overproduction, excessive speculation, and a lack of effective government intervention.One of the primary causes of the Great Depression was the overproduction of goods and services in the 1920s. During this period, technological advancements and increased productivity led to a surge in the supply of consumer goods, but the demand did not keep pace. As a result, prices began to fall, and businesses were forced to cut costs, leading to layoffs and reduced consumer spending.Another significant factor was the excessive speculation in the stock market. In the 1920s, many people invested in stocks, often usingborrowed money, in the hopes of making quick profits. This created a bubble in the stock market, which eventually burst in October 1929, leading to a massive sell-off and a steep decline in stock prices. The stock market crash had a ripple effect throughout the economy, as businesses and individuals lost their savings and were unable to invest or spend money.The lack of effective government intervention also contributed to the severity and duration of the Great Depression. At the time, the prevailing economic philosophy was that the government should not interfere in the free market, and that the economy would eventually correct itself. However, this approach proved to be ineffective, as the government failed to take decisive action to stimulate the economy and provide relief to the millions of people who were suffering from the effects of the depression.The impact of the Great Depression was felt across the globe, with many countries experiencing similar economic downturns. In the United States, the unemployment rate reached as high as 25%, and millions of people were forced to rely on soup kitchens and other forms of government assistance to survive. The effects of the depression were particularly severe for farmers, who faced falling crop prices and widespread foreclosures on their land.Despite the hardships of the Great Depression, there were somepositive outcomes that emerged from the crisis. The experience of the depression led to a greater understanding of the role of government in the economy, and it paved the way for the implementation of policies and programs designed to prevent similar economic downturns in the future. The New Deal, a series of domestic programs and reforms introduced by President Franklin D. Roosevelt, was a particularly significant response to the crisis, and it helped to stabilize the economy and provide relief to those in need.The Great Depression also had a significant impact on the social and political landscape of the time. In many countries, the economic hardship and social upheaval led to the rise of authoritarian and totalitarian regimes, as people sought strong leaders who could provide a sense of stability and security. In the United States, the depression also led to a greater awareness of the need for social welfare programs and the importance of government intervention in the economy.Overall, the Great Depression was a complex and multifaceted event that had a profound and lasting impact on the world. While the causes of the depression were varied and interconnected, the lack of effective government intervention and the excessive speculation in the stock market were two of the primary drivers of the crisis. The experience of the depression has shaped the way we think about the role of government in the economy and has led to the developmentof policies and programs designed to prevent similar economic downturns in the future.。
习课堂练习14 :必修3 Unit 2 Making a difference Word版含解析
课时质量评价(十四)必修第三册Unit 2Making a differenceA组·基础巩固Ⅰ. 语法填空A(2021·湖北襄阳月考)In this constantly changing world, how to put the knowledge 1. ________ (gain) every day into reality has interested numerous people. As a proverb goes, “Knowledge is a treasure, but practice is the key 2. ________ it.” Apparently, this saying 3. ________ (try) to deliver the message that we ought not to stop practising it if we 4. ________ (true) want to master the knowledge we learn.There are several reasons 5. ________ (account) for this statement. To begin with, human beings are 6. ________ (forget) beings; therefore, only 7. ________ we use knowledge, make mistakes, and try to use it again will we be able to remember it by heart. 8. ________,knowledge has become growingly complicated and we can seldom grasp the essence (实质) of it if we do not practise it again and again.Practising over and over, to sum up, 9. ________ (be) of the greatest importance for those who are determined to learn knowledge well. As a student, I hope that 10. ________ young can focus more attention on practising what they learn.【语篇解读】本文是一篇议论文。
小学上册第4次英语第6单元全练全测(含答案)
小学上册英语第6单元全练全测(含答案)英语试题一、综合题(本题有100小题,每小题1分,共100分.每小题不选、错误,均不给分)1.The chemical symbol for zirconium is ______.2.The ______ is known for her motivational speeches.3.The ________ (chicken) lays eggs.4.What is the smallest continent?A. AsiaB. AfricaC. AustraliaD. Europe5. A solution that has an equal concentration of hydrogen ions and hydroxide ions is ________.6.I enjoy visiting the ________ with my family.7.What is the capital of Portugal?A. LisbonB. MadridC. RomeD. Paris答案:A8.How many letters are in the English alphabet?A. 24B. 25C. 26D. 27答案:C9.The ________ (国家公园) protects wildlife and nature.10.My favorite hobby is ______ (摄影). I love capturing beautiful ______ (瞬间).11. A saturated fat has no double ______.12. A chemical change results in the formation of new ______.13.What is the capital of Norway?A. OsloB. BergenC. StavangerD. Tromsø14.What do we call a collection of maps?A. AtlasB. EncyclopediaC. DictionaryD. Journal答案:A15.The main type of carbohydrate is ______.16.The _____ (river/ocean) is deep.17.What is the term for a baby bird?A. ChickB. CalfC. PupD. Kit答案:A18.I like watching ________ (电影) with my family.19.The _______ of light can create various effects in nature and technology.20.________ (园艺商) sell supplies.21.The ______ is known for her philanthropic work.22.The book is _____ (interesting/boring).23.The _______ of light can create different colors when passing through a prism.24.I saw a ________ in the sky.25.The dog is _______ (在睡觉).26.The ______ has a striking appearance.27.What do you call a person who studies the past?A. HistorianB. ArchaeologistC. AnthropologistD. Sociologist答案:A28.The chemical formula for praseodymium oxide is _____.29.Sound cannot travel in a ______ (vacuum).30.What do we call a large body of freshwater surrounded by land?A. OceanB. LakeC. RiverD. Sea31.Listen and number.(听录音,标序号)32.My dad is a great __________ (支持者) of my dreams.33.My cousin loves to _______ (动词) during summer. 她的活动很 _______ (形容词).34.The ancient Greeks held the first Olympic Games in _______.35.What is the capital city of Iceland?A. ReykjavikB. AkureyriC. KeflavikD. Egilsstadir答案:A36.I have a toy _______ that rolls and spins everywhere I take it.37.Asteroids are remnants from the early solar system that never formed into ______.38. A _____ (植物活动) can educate about local flora.39.I enjoy writing ______ (电影评论) to share my thoughts on what I watch. It’s a way to express my opinions.40.The bat sleeps upside _________. (下)41. A sloth is very ______ (慢) and sleeps a lot.42.What do you call a person who studies plants?A. BiologistB. BotanistC. ZoologistD. Ecologist答案:B43.I like to ________ cartoons.44.The chemical formula for ammonium chloride is __________.45.I love to play ________ (桌游) with my family.46.The gecko climbs _______ (墙壁) with ease.47. A horse can run very _________. (快)48.What is the name of the animal known for its black and white stripes?A. ZebraB. HorseC. DonkeyD. Tiger答案:A49. A ______ is a natural formation that can provide shelter.50.The _______ (The Great Depression) led to widespread economic hardship.51.The periodic table has groups and ______.52.I like to ___ (explore/discover) new things.53.The chemical formula for lead nitrate is _______.54.The tree is ___ (leafy/barren).55.What do we call a young crocodile?A. HatchlingB. CalfC. KitD. Pup答案:A Hatchling56.Sedimentary rocks can form from ______ materials.57.What is the name of the fairy tale character who wore a red hood?A. CinderellaB. Sleeping BeautyC. Little Red Riding HoodD. Rapunzel答案:C58.Which planet has the longest day?A. EarthB. VenusC. MarsD. Mercury59.She is _____ (drawing/coloring) a picture.60.The _____ (种子) needs warmth and moisture to sprout.61.What do you call the process of making food more appealing?A. GarnishingB. DecoratingC. PlatingD. Presenting答案:A62. A rabbit's ears can rotate 270 degrees, allowing it to hear ________________ (周围) sounds.63.We have a ______ (特别的) event coming up.64.__________ (化学应用程序) can improve processes in various industries.65.What is the color of a typical eggplant?A. GreenB. YellowC. PurpleD. Red答案:C66. A ____(community coalition) unites diverse stakeholders.67.What is the largest land animal?A. LionB. GiraffeC. ElephantD. Rhino68.The Earth's rotation causes day and ______.69.The _______ of an object can be tested with a ruler.70.What do we call the person who teaches us in school?A. StudentB. PrincipalC. TeacherD. Janitor71.Which ocean is the largest?A. AtlanticB. IndianC. ArcticD. Pacific72. A __________ is a place where nature is preserved.73.What do you call a scientist who studies plants?A. BotanistB. ZoologistC. EcologistD. Chemist答案:A74.The main product of combustion is _______.75.The honeybee produces delicious ________________ (蜂蜜).76.What is the name of the fairy tale character who had a magic lamp?A. AladdinB. CinderellaC. RapunzelD. Belle77.What is the hardest natural substance on Earth?A. GoldB. DiamondC. IronD. Quartz答案:B78. A kitten is a baby ________________ (猫).79. A ______ is a tool used to observe chemical reactions.80.Dolphins are known for their ______ behavior.81.I believe that setting boundaries is important for maintaining __________.82.I love to explore ________ (地下洞穴) during adventures.83.What do we call a young bear?A. CubB. FawnC. CalfD. Kid答案:A84.What is the capital of Spain?A. BarcelonaB. MadridC. SevilleD. Valencia85.The chemical formula for nitric acid is ______.86.How do you say "moon" in Spanish?A. LunaB. MonatC. LuneD. Mese87. A mixture of oil and water is an example of a(n) _______ mixture.88.What is the capital city of Brazil?A. São PauloB. Rio de JaneiroC. BrasíliaD. Salvador答案:C89.将图片对应的单词涂色,并将单词抄写在四线三格内。
初中美国历史课件(英文)Great Depression
OBJ #4 - Describe Franklin Roosevelt’s approach to fixing the Great
Depression. What problem did Roosevelt fix first and how? What was Roosevelt’s plan called? Name the three major goals of his plan? IV. OBJ. #4 - The New Deal A. President Roosevelt Elected (1932) 1. NY Reformer (Governor) 2. Brain Trust- Used professors and experts to develop programs to fight the depression 3. Promised “New Deal” for Americans a. Experiment and change to fight Depression
People Default on Loans
+
Banks have no money to give people
Banks Close
=
People Loose savings
OBJ #1- Cause & Sparks of Depression
B. SPARK!!! Of the Depression 1. Stock Market Crash, Black Thur. Oct. 29, 1929 a. Summer 1929, Investors begin to sell stocks b. Supply & Demand Again – Massive Sell-Off and prices begin to ______ 2. How??? a. Buying on Margin (Borrowing $$) - Buy stock by just paying a small portion of what the stock is worth ex.- 100 shares at $10= $1000 only pay $300 still owe $700 -Problem, stock crashes and you loose your money and can’t payback stock broker - stock broker can’t pay back bank
初中全英学科资料 Great Depression
OBJ #3 - Describe the natural disaster that affected the U.S. during the
Great Depression. What was the disaster’s nick-name? What caused the disaster? Where did the people go to try and escape their troubles and how were they treated (nick-names for these people)? III. OBJ. #3- Natural Disaster “The DUST BOWL” A. Great Plains suffers a huge Drought (1931) 1. Causes: a. Drought . . .no rain b. New technology, tractors and steel plows tear-up extra sod that was holding onto soil, drought turns open soil into sand box
Farm Prices fall (Farmers can’t make $$)
Banks Close because they have no money: Loans have not been paid back, can’t give people their savings
Farmers & Factory Workers can’t pay back loans to Banks: DEFAULT!!
I. OBJ #1- Cause & Spark of the Depression A. Causes of the Depression 1. Overproduction, too much stuff (Factories and Farms) a. Factory Workers begin to get layed-off - Workers cannot buy goods, even more goods are overproduced b. Farmers Can’t Survive -low prices (can’t pay loans / make a living) c. Supply & Demand- Prices Drop
美国经济大萧条原因及与中国当今经济状况相似点(英文)
Causes Of The Great Depression Facts•In the 1920s, sometimes referred to as “The Roaring Twenties,”there was a false sense of prosperity on the part of Americans. Approximately 60% of the population lived at a poverty level (earning less than $2,000 per year), yet credit was available, and people were using it. People were buying cars and radios on installment credit, and the automobile industry was the leading industry in the country.•Speculation in the stock market was one of the causes of the Great Depression, yet only about 1% of the American population were investors at the time of the stock market crash in October 1929.•In the stock market, people were buying stocks on margin (which is the same as borrowing money to pay for stocks), which sent the Dow Jones from 191 points at the beginning of 1928 to 381 points by September 1929 (shortly before Black Tuesday).•In 1929, approximately 200 corporations owned more than 50% of all American industry.•In 1929, approximately 1% of Americans controlled 40% of the wealth of the company. •Banks were failing long before the stock market crashed in 1929. In fact, during the 1920s, 600 banks failed each year, on average.•The Great Depression was caused by fearlessness and fearfulness, overconfidence and loss of confidence. The booms of the 1920s led to borrowing, speculation, and rampant spending. Once things started to go downhill (primarily throughout 1929), they spiraled quickly. The stock market crash of October 1929 caused a run on the banks, which led to a decrease in spending, which led to unemployment, which caused more of a run on banks and more decreases in spending.•From 1929 to 1933, the United States’Gross National Product (GNP) dropped by 33%.•Drought conditions in 1932, 1933, 1934, and 1935 led to Dust Bowl conditions during the Great Depression. A large part of America’s farmlands lost their topsoil due to extreme winds, which rendered millions of acres useless.The similarities between The Great Depression and China’s current economyHere I make some comparative analysis based on some official data about china’s stock market and economy development and The Great Depression,we can find that there are so many similarities right before the crash in 1929 and china nowadays.(1)Both have undergone a long period of rapid economic development.During the goldenage(1921-1929),the U.S. Economic growth rate stayed at a high level which is 4.4% in real terms,the fastest in history.Meanwhile,the rate of price change maintain stable within 5%.In China,the growth rate has been more than 9% for decades,and the price index keeps the rate around 3%.(2)There are imbalance problems,internal and external.In the 1920’s,the recession in Britain led to the inflow of gold to United States,so the government had to print more papers and lower the interest rate of dollar to ease the problem.China is facing the similar problem now,due to the trade surplus and foreign investment as well as some international hot money,a lot of dollars flows into China,so the Central Bank has to put more RMB to market passively,the rapid growth of foreign exchange reserve and the flooding of money caused by compulsive settlement of exchange aggravate the imbalance,at the same time ,the central bank has to reform the RMB exchange rate regime and raise interest rate to cope with these problems.(3)Before 1925,primarily the bubble of land speculation , then the stock market bubble after 1925.The bubble of land speculation burst in 1926 for Florida suffered severe hurricanes.China’s asset bubble problem,mainly in real estate prices and the stock market,China’s current levelof P/E ratio doubles the world average,seen in this indicator,there is a sign of stock bubble and a tendency to enlarge.At last,from my point of view,the government should implement the tight monetary policy to prevent inflation,at the same time,implementing a proactive fiscal policy to prevent economic recession,just to ensure the steady growth of the economy and the healthy development of stock market fundamentally.。
depressed 方程
depressed 方程DepressedDepression is a silent battle that many people face but often struggle to talk about. It is a complex and multifaceted condition that affects individuals differently, but it is characterized by persistent feelings of sadness, hopelessness, and a loss of interest in activities that were once enjoyed. This article aims to shed light on depression, its causes, symptoms, and treatment options, and to provide support for those who may be experiencing this debilitating condition.Causes of DepressionDepression can have various causes, both biological and environmental. It can be triggered by a traumatic life event, such as the loss of a loved one, a divorce, or financial difficulties. Additionally, certain genetic factors and chemical imbalances in the brain can contribute to the development of depression. It is important to note that depression does not discriminate and can affect anyone, regardless of age, gender, or social status.Symptoms of DepressionRecognizing the symptoms of depression is crucial for early intervention and seeking appropriate help. Common symptomsinclude persistent feelings of sadness, a lack of energy or motivation, changes in appetite or sleep patterns, difficulty concentrating, and a loss of interest in activities that were once pleasurable. It is important to seek professional help if these symptoms persist for an extended period of time or significantly interfere with daily life.Treatment Options for DepressionThere is no one-size-fits-all approach to treating depression, as it varies from person to person. However, there are several effective treatment options available. Therapy, such as cognitive-behavioral therapy (CBT), can help individuals identify and challenge negative thought patterns and develop coping strategies. Medication, such as antidepressants, can also be prescribed to help rebalance brain chemicals. In some cases, a combination of therapy and medication may be recommended. It is important to consult with a healthcare professional to determine the most suitable treatment plan.Support for Individuals with DepressionLiving with depression can be incredibly challenging, but it is important to remember that support is available. Building a strong support network of understanding friends and family members can provide a valuable source of emotional support. Additionally, joiningsupport groups or seeking online communities can provide a safe space to share experiences and gain insights from others who may be going through similar struggles. Remember, you are not alone, and seeking help is a sign of strength.The Importance of Self-CareSelf-care plays a crucial role in managing depression. Engaging in activities that bring joy and relaxation, such as exercising, practicing mindfulness, or pursuing hobbies, can help improve mood and overall well-being. It is also important to prioritize physical health by maintaining a balanced diet, getting enough sleep, and avoiding excessive alcohol or drug use. Taking care of oneself is not selfish but essential for managing depression effectively.Breaking the StigmaOne of the biggest challenges individuals with depression face is the stigma associated with mental illness. It is important to educate and raise awareness about depression to break down these barriers. By fostering an open and understanding society, we can create an environment where individuals feel comfortable seeking help and support without fear of judgment.In conclusion, depression is a serious condition that affects millionsof people worldwide. It is important to recognize the signs and symptoms and seek appropriate help. With the right support, treatment, and self-care, individuals can manage their depression and regain a sense of hope and happiness. Let us strive to create a society that embraces mental health and supports those who may be struggling with depression.。
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The availability of so many consumer goods, such as electric appliances and automobiles, offered to make life easier. Canadians felt they deserved to reward themselves after the sacrifices of World War I.
The extensive speculation that took place in the late 1920s kept stock prices high, but the balloon was due to burst…
The crucial point came when banks began to loan money to stock-buyers.
There was no insurance for depositors at this time, so many lost their savings.
The Great Depression was not the country’s first depression, though it proved to be the longest and most seveБайду номын сангаасe.
Percent Change in Real GDP 15 10 5 0 1929 -5 -10 -15 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940
Actually, the “crash” was by no means a one-day event.
A month earlier, trading increased rapidly as stock values dropped and people panicked, trying to sell their stocks before losing too much of their investments.
So what went wrong?
The Crash:
“Black Tuesday” Oct. 29, 1929, the Stock Market crashed.
Over 16 million shares sold in massive selling frenzy. Losses exceeded $26 billion.
There had been credit before for businesses, but this was the first time personal consumer credit was available.
By the end of the 1920s, 60% of the cars and 80% of the radios were bought on installment credit.
Causes of The Great Depression
The Great Depression is one of the most misunderstood events in history…
The Great Depression was a worldwide event.
By 1929, the world suffered a major rise in unemployment.
There are several explanations, but the most obvious causes are four:
1. 2. 3. 4.
Overproduction Banking & Money Policies Stock Market Actions Political decisions
The Stock Market growth in the 1920s tells a story of runaway optimism for the future.
Just as one could buy goods on credit, it was easy to borrow money to invest in the stock market; This was called “margin investing” (or “buying on margin.”)
Bank Failures 4500 4000 3500 3000 2500 2000 1500 1000 500 0
1922 1924 1926 1928 1930 1932 1934 1936 1938 1940 1942 1944
Simply put, when a bank fails, a large amount of money disappears from the economy.
Buying on Credit increased personal debt. Higher interest rates caused LESS DEMAND for goods.
3. STOCK MARKET ACTIONS
The Stock Market was an indicator of national prosperity.
Facing higher interest rates and accumulating debt, people began to slow down their buying of consumer goods…
So,to summarize, banking policies which offered “buying on credit” first with lower interest rates, then raising those rates, caused a dangerous situation in the economy.
Wall street investors were allowed to use the stocks themselves as collateral. If the stocks dropped in value, the banks would be left holding near-worthless collateral.
Increased food production during World War I was an economic “boon” for many farmers, who borrowed money to enlarge and modernize their farms. How would this work against them in after the war?
So, to summarize it, HIGH DEMAND for consumer goods and agricultural products led to OVERPRODUCTION.
2. Banking & Money Policies
The uneven distribution of wealth didn’t stop the poor and middle class from wanting to possess luxury items, such as cars and radios…
More Poor Banking Policies…
With the loss of confidence in stocks, people began to lose confidence in the security of their money being held in banks.
1. Over-production:
The “roaring twenties” was an era when our country prospered tremendously. Average output per worker increased 32% in manufacturing and corporate profits rose 62%.
People leapt at the chance to invest in business!
As business was booming in the 1920s and stock prices kept rising with businesses’ growing profits, buying stocks on margin functioned like buying a car on credit.
Small investors were more apt to invest in the Stock Market in large numbers because the “margin requirement” was only 10%.
This meant that you would buy $1,000 worth of stock with only 10% down, or $100.
But, wages were not keeping up with the prices of those goods…and that created problems!
One solution was to let products be purchased on credit. The concept of “buying now and paying later” caught on quickly.
Customers raced to their banks to withdraw their savings.