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Use the Great Depression, 1929 to 1939, As a Dissertation Topic

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  • 7 Jun
  • 2024

Are you a history student and are wondering if you can use the Great Depression as a topic for your dissertation? This historical event is well-known for its impact on the United States. Women were especially affected by the Great Depression, as their employment rates grew 24 percent from 1930 to 1940, from 10.5 million to 13 million. Moreover, women tended to be unemployed during the Depression, because the financial strains of the Great Depression forced them into employment. At the same time, male breadwinners lost their jobs, creating a huge number of single women. You can even give this topic to dissertation writing services.

Evidence Of Monetary Forces In The Depression

Much of the debate over the role of monetary forces in the Great Depression has revolved around the extent to which Federal Reserve decisions caused the decline in real GDP and unemployment in the 1930s. Nearly all scholars agree that the Federal Reserve’s policy was responsible for the depth of the Depression, but there is some disagreement as to the causality of this change. Nevertheless, Friedman and Schwartz’s arguments were influential and the debate has continued today. This can be done if you consider a cheap dissertation writing service.

Add Massive Reductions In Investment And Consumer Spending Information In Dissertation

The deflationary expectations that followed the recession led to massive reductions in business investment and consumer spending. This recession was exacerbated by panics and the failure of many banks. Even those who did manage to find a job were only able to work part-time. It was not until the 1930s that the government took action to reverse the situation. The result was that the economy declined by nearly 30%.

Impact Of The Depression On Market-Oriented Countries

The Great Depression affected almost every country in the world, including some that had traditionally been market-oriented. The global recession began in the late 1920s, and affected countries as far afield as Japan and China. Germany, Brazil, Southeast Asia, and Argentina all experienced a severe downturn. By early 1929, Argentina and Poland had also begun contracting, and the U.S. economy was at its worst by the middle of the year. This was the result of the gold standard, which tied all countries together.

The Great Depression lasted from 1929 until 1941 and reverberated around the world. In the United States, the stock market crashed in October 1929, wiping out millions of investors. During this time, consumer spending fell, and industrial production and employment dropped precipitously as failing companies laid off workers. During the Great Depression, nearly 15 million Americans were out of work and nearly half of the country’s banks failed. The United States recovered after the depression was over, but the recovery was short and by a double-dip recession. A few years later, the stock market would rise again to a 1929 peak, but it would take another 25 years for the U.S. to surpass the 1929 peak. Several cheap dissertation writing services in UK have qualified writers, who can help with this topic.

Roosevelt’s Response To The Depression

Many of the policies of the New Deal were enacted during Roosevelt’s first three months in office, known as the “Hundred Days”. One of his first objectives was to combat widespread unemployment. He established the Civilian Conservation Corps (CCC), which employed 500,000 young men in public forestry projects. These men were given $25 a month to work, and the work was intended to spur the economy.

To regain public confidence in banks, Roosevelt imposed a bank holiday. He also ended the prohibition on alcohol, raising more money through taxes on alcohol. During the Depression, Roosevelt created government agencies to provide relief to those who needed it. While the New Deal was successful in bringing about some relief, it failed to fully address the root causes of the economic downturn. The New Deal’s first attempt at recovery resulted in a double-dip recession.

Economic Instability In The 1930s Should Be Part of Dissertation

The authors of this article acknowledge that banks kept large amounts of reserves, but they don’t mention that the excess reserves were not available. The surplus reserves accumulated by banks were because they wanted them, and not because they were wasting them. However, if monetary policy is just to increase bank assets, the excess reserves can benefit in financing loans and investments, stimulating the economy. This would have resulted in more than “pushing a string.”

The banking system was relatively stable in Canada, despite the unstable economic conditions of the time. The Bank of Canada ensure that the money supply is manage properly and that banks have a healthy level of liquidity. In addition, the Canada Deposit Insurance Corporation was created in 1967 to safeguard deposits in Canadian currency. Since then, additional financial legislation has strengthened the Canadian banking system. Although the 1930s saw considerable economic instability in Canada, this time, the country’s banking system is more stable today than it was in the 1930s.

Influence Of The New Deal

The New Deal’s policy of centralized planning was designed to help the economy recover. New taxes were imposed and others were slashed. Regulation of business increased, making it more difficult for them to act independently and raise capital. New laws also restricted their freedom to hire and fire labor. In addition, public opinion polls showed that the attitude of the Roosevelt administration toward business was stalling recovery. According to one poll, fifty-four percent of respondents thought that the New Deal’s approach would lead to more government control in ten years.

The New Deal’s programs aimed to revive the economy included a Civilian Conservation Corps, which provided jobs for young men on government lands. Other programs aimed to help the poor and unemployed through direct aid. The Tennessee Valley Authority brought electricity to rural areas. Other programs, like the Federal Emergency Relief Act, attempted to revive the business by creating the Works Progress Administration. The National Recovery Act (NRA) established industry-specific codes to improve the working conditions for businesses. The New Deal also created a federal deposit insurance corporation, which guaranteed the money of unemployed workers.