What Was The Great Depression?

The Great Depression was a dramatic shift in the US economy leaving people homeless and people didn’t have a way to make a living. .This made the government create new programs called the New Deal it however failed to stop the Great Depression and these programs wasted a lot of money..The Great Depression started in 1929 it was the biggest economic downfall in US History it left a lot people without jobs and banks started going out of business all over the country.

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Overproduction and Underconsumption led to companies making an abundant amount of products without people buying them. The farming industry was a big portion of how the US made money. So when Farmers started to over produce in hopes to make more money this made people still bought products but there’s was still a lot of products in stock. Farmers wasted tons of money on useless crops this eventually collapsed the US economy (Document 3). Consumers spent so much money on installment buying people started to run out of money and business had to start lowering prices on goods. The consequences was the Great Depression hurting millions of people (Document 1). Overproduction and Overconsumption also led to family income rates going down because when people start purchasing products, families don’t have as much money as they did before (Document 2).

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Margin buyers had a big effect on the stock market eventually leading to the Stock Market Crash which was the first day of the Great Depression. As more and more putting money into the stock market people started losing tons of money. People didn’t know how much money affected the country. When there was no more money left to put on stocks the market started to slowly decline until there was no money left (Document 4). After this no money could be put in the stocks, and companies couldn’t sell their products so they had no way to make money this left goods still sitting on the shelf and the fall of lots of big business (Document 3). Along with people putting margins on stocks at the same time installment buying was a huge issue. People started putting more money of the installment quicker than the income knew what to do with it, leading to confusion and the collapse of the economy (Document 1).

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World War I caused a lot of money to be wasted by the US government by giving to other countries. As you can tell Americans weren’t wise with the use of their money. The destruction caused by World War I was horrible, leading to the US lending over money to countries in europe for relief. They gave billions and billions of dollars causing a big economic blow to the country (Document 5). Money was wasted in all sectors from the US economy like Stock buying people were investing in companies but as people stopped bringing in money this left companies in a drought with nothing to do because they wasted all their money (Document 4). Farming industries weren’t mindful with money and it hurt the companies and this led to a decline with the money spent in World War I and Stock margins (Document 3).

Conclusion

The Great Depression collapsed the economy and caused a lot of struggles for people but mostly business and banks overall because that’s how the US produces most of its money. This was definitely the lowest point in American history people didn’t have proper resources to have a good quality life, this caused Americans to go into a frenzy people demanded and wanted money. This wasn’t the life people were used to living in America.

Globalization In Context: Diminishing Religious Differences

The idea of globalization doesn’t just apply to the modern day spread of economic and political benefits to individual countries, but it also applies to the diffusion of culture or even the combination of cultures. It is known that globalization isn’t static, as it promotes change, but also creates more awareness in areas.

An example of a cultural attempt to assimilate is the Cherokee who began merge into western society, however all attempts of pluralism or resisting the influence of the west, as the Cherokees were forced out of their land (video). However, language also plays a part in the act of the globalization process, for it allows complex communications between individuals in a culture. Some examples of the globalization of languages is English as it is considered a global lingua franca language or commonly used language that allows the interaction of business to be simplified instead of different languages (Greiner 113).

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As different languages in business would delay the ability to have economic benefit or even political benefit. In which this idea can be connected to homogenization in that many parts of the world have a decrease in difference of second language despite differences in first language. Although English isn’t considered a universal language it still has decreased diversity among language usage around the world for economic purposes. However in some fashions this could also make a dependency on a Lingua Franca language as it.

Having global dominant language such as English can gradually kill other languages whose ethnic groups or cultures has shrunk as result of globalization or other factors such as assimilation. Languages also converge because of globalization and may even accelerate this process such as pidgin languages when “a language combines vocab or grammatical practices from two or more languages that have come in contact” (Greiner 112).

This is also a result of globalization as more cultures come in contact and must communicate due to possible political or economic factors. However, on a global context, some language leaves a mark regardless of where it stands in the world. This is known as toponym when a location name is used in a language to represent an aspect of a culture or ethnic group which can be connected to the idea neolocalism where the uniqueness of a location is preserved. Outside of language diffusion neolocalism also applies to religion such as sacred spaces.

As these locations become resistant to global changes as those locations become symbols or sacred locations of a religious rituals, and such examples include Jerusalem, Mecca, and Medina. Religion can also play a role in homogenization or even polarization across the world. In that some religions such as universalizing religions such as Christianity, Islam, and Buddhism.

In which this plays role in decreasing religious differences across cultures around the world, however as globalization isn’t static this means the potential homogenization properties of universalizing religions face possible fragmentation in regions where the religion branches off into similar but not the same belief system. It may also play role in promoting polarization as differences could cause ethnic conflicts.

References

  1. Greiner (2014) “Visualizing Human Geography”. 
  2. Pounder (2003) Race: The Power of an Illusion. 

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