The Great Depression


of the 1920’s and 1930’s has had a strong and long lasting effect all over the world. It ruined the strong economies and destroyed the smaller ones. Every government had its own opinion of what and how to get itself out of this crisis. As the struggle of the depression kept on growing Great Britain, United states of America, Germany and Japan initiated their own plan of escaping the grasp of the depression. There are similarities and differences in the strategies that the four nations use to predict a solution the depression. As a result of the depression two kinds of government emerged. In the United States and Great Britain it continued to be a liberal democracy and in Germany and ...

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cause a solution to the falling financial and industrial markets. Great Britain first off closed their market from others, forcing the people to purchase their products rather than ones from other countries. Great Britain thought that if they could the costs of productions were reduced then more people would be willing to buy more and subsequently restart the markets purchasing cycle. Prime Minister Macdonald stated this in his speech on February 12, 1931, “To combat hard times, British leaders were forced to keep wages down (this made exports cheaper but precipitated the General strike of 1926) and to raise interest rates (this restored value to the British pound, but choked off borrowing).”
MacDonald suggested public works for temporary relief for unemployment. This was just a start, as the goal was to return the labour back into its normal industry. Other options, which were thought of, as a problem, which if solved, would alleviate some of the problem brought on by ...

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cause of all this suffering. The poverty level was astonishingly high; the United States undertook a three million-dollar slum-clearing project, by helping to provide new work over existing work. President Roosevelt firmly incorporated a new public works program. The goal of this was to provide to short term work to many and to improve the quality of the states and its cities.
One of the reasons blamed for the depression was overproduction. President Roosevelt described in his speech the problem of overproduction. “…Production in many important lines of goods outran the ability of the public to purchase them.” He goes on to give examples of the overproduction such as: ...

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Added: 9/19/2008 12:15:25 AM
Category: American History
Words: 1605
Pages: 6

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