Search Results - Great Depression
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The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. [1] It was the longest, most widespread, and deepest depression of the 20th century, and is used in the 21st century as an example of how far the world's economy can decline. [2] The depression originated in the United States, starting with the stock market crash of October 29, 1929 (known as Black Tuesday), but quickly spread to almost every country in the world. [1]The Great Depression had devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, and international trade plunged by a half to two-thirds. Unemployment in the United States rose to 25%, and in some countries rose as high as 33%.[3] Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60 percent.[4][5][6] Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.[7] Countries started to recover by the mid-1930s, but in many countries the negative effects of the Great Depression lasted until the start of World War II.[8] Historians most often attribute the start of the Great Depression to the sudden and total collapse of US stock market prices on October 29th, 1929, known as Black Tuesday.[1] However, some dispute this conclusion, and see the stock crash as a symptom, rather than a cause of the Great Depression.[9][3] Even after the Wall Street Crash of 1929, optimism persisted for some time; John D. Rockefeller said that "These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again."[10] The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30% below the peak of September 1929.[11] Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930.
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Showing 1 to 6 of 6 Articles matching 'Great Depression' in related articles. |
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1. An Introduction to Home Based Business
November 20, 2009
The USA is still in the grip of a recession it hasn’t seen since the days of the Great Depression. Layoffs on a massive scale are the order of the day. Those who are lucky enough to hang on to their jobs, have to suffer pay cuts or pay freezes. The financial breakdown is even eating into the retirement fund of older employees. Ordinary Americans can’t keep up with the living standards they are used to because money is hard to come by. Don’t worry; you can still do it by starting your own home based business. But how? For one thing the kind of financial advice you get from those around you may... (read more)
Author: Charles Godbout
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2. How does the economic crisis affect the translation business?
November 19, 2009
How does the economic crisis affect the translation business?
The world is currently experiencing a financial and economic crisis of proportions not seen since the Great Depression of the 1930s. While all sectors of the economy are affected, some suffer more serious blows than others, depending on their capital needs and their susceptibility to business and consumer behaviour. The translation sector is suffering a decline in volume and worse may be to come, but its fundamentals are sound.
The good news for translators is that their sector is, by its very nature, in a strong position ... (read more)
Author: Rosa Boersma
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3. Mercury in High Fructose Syrup!!
November 19, 2009
High Fructose Corn Syrup is a sweetener made from corn that was first introduced into the food supply in the 1970’s. At that time we had had a glut of corn and subsidies which made it inexpensive plus there was also a legitimate desire to provide large quantities of food for low prices, to help feed the masses and not repeat the shortages of the Great Depression. High Fructose Corn Syrup is now ubiquitous in our food supply, it is in over 40% of all products sold in the U.S. While the addition of HFCS has helped revolutionize food manufacture and distribution it has brought its own set of pr... (read more)
Author: Patrick Hayes
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4. Learning About History 101 The Great Depression
November 16, 2009
Depression has always been a problem everybody has struggled to deal with at one point of their lives or another. Approximately fifteen percent of Americans have experienced it. Ninety percent of people of commit suicide have depression if not other diagnosable mental disorder.
It's natural to speak of how "depressed" people are. However, the occasional sadness everyone feels due to life's disappointments is very different from the serious illness caused by a brain disorder. Depression profoundly impairs the ability to function in everyday situations by affecting moods, thoughts, behav... (read more)
Author: Reed Carney
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5. How To Unlock Creativity And Depression
November 16, 2009
Edgar Allan Poe, Honore de Balzac, Ernest Hemingway, Ezra Pound, Audrey Hepburn, and even Jim Carrey all had something in common. Aside from being renowned artists, they were also afflicted with depression. It has been a great mystery how these men and women, praised for their genius in film, on the canvass, or in using their pen, could be victims of terrible melancholy.
As defined, creativity is the ability to see something in a new way; or the capacity to design new inventions, solve problems, produce works of art, or develop a new and original idea. Depression, on the other hand, ... (read more)
Author: Reed Carney
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6. Financial Help for Single Moms
November 13, 2009
If you need to get financial help for single moms, there are some good options available for you. Times are tough for single moms. The economy has been hit the hardest since the great depression and people are losing jobs left in right. It can seem scary, when you barely make enough money to keep a roof over head to be worrying about whether you will be able to keep your job or not. If you find yourself needing some money, then you should look at what sort of help you can find online.
It can be difficult asking for financial help. No one likes to ask for help, but sometimes you just are n... (read more)
Author: BJ Collin
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