Sunday, March 2, 2014

When was the Great Depression?What are a couple of examples showing the start and the end of the Great Depression in the US.

It started just after the prospects of the Roaring Twenties. The then President Herbert Hoover, the popular conservating hero of WWI convinced American citizens that USA would have a booming economy and would become a prosperous country, but the disaster struck. On October 1929, also known as the "Black Tuesday", the stock market suddenly collapse like dominoes and everywhere was in chaos. Businesses and companies went bust and millions of people were jobless or were retrenched, or even their homes were lost. Economy was stagnating and other nation like Germany, France and Britain plunged into complete recession, and brought to their knees.


So during the Great Depression, many Americans resented that Hoover didn't provide any financial assistance, and so voted him out of office and so Democrat Theodore Roosevelt was the next President of USA. It started off with the New Deals, but it still cannot help USA to recover from the Great Depression. It is only during WWII in December 1941 did their economy rebounded.

No comments:

Post a Comment

In Act III, scene 2, why may the establishment of Claudius's guilt be considered the crisis of the revenge plot?

The crisis of a drama usually proceeds and leads to the climax.  In Shakespeare's Hamlet , the proof that Claudius is guilty...