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The Great Depression--英国论文代写范文精选

2015-09-16 | 来源:51due教员组 | 类别:更多范文

51due英国论文代写网精选代写范文:“The Great Depression ”   本论文讲述了美国大萧条的影响以及起因。大萧条发生于1929年,尽管大多数美国人都知道1929年的大萧条,,很少有人知道当时许多美国人失去家庭和工作。

The great depression, the most disastrouseconomic event in United States History, occurred in 1929 after a decade oflavish and carefree living in America. Its remedy became a series of federalprograms instituted by Franklin Delano Roosevelt called the New Deal. Though most Americans are aware of the Great Depression of 1929, which may well be "the most serious problem facing our free enterprise economic system", few know of the many Americans who lost their homes, life savings and jobs. This paper briefly states the causes of the depression and summarizes the vast problems Americans faced during the eleven years of its span. This paper primarily focuses on what life was like for farmers during the time of the Depression, as portrayed in John Steinbeck's The Grapes of Wrath, and tells what the government did to end the Depression. In the 1920's, after World War 1, danger signals were apparent that a great Depression was coming. A major cause of the Depression was that the pay of workers did not increase at all. Because of this, they couldn't afford manufactured goods. While the factories were still manufacturing goods, Americans weren't able to afford them and the factories farmers.
The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand.
Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression.
Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of the Great Depression is right, or the traditional keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression.[18] Today the controversy is of lesser importance since there is mainstream support for the debt deflation theory and the expectations hypothesis that building on the monetary explanation of Milton Friedman and Anna Schwartz add nonmonetary explanations.
There is consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse. If the FED had done that the economic downturn would have been far less severe and much shorter.-X

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