40 Wall Street

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    378 How did the Great Recession impact racial disparities? When the housing market collapsed in 2008, it sent all Americans into a spiral. People lost value on their homes, their stocks went down, unemployment went up, and many people had to dip into their savings accounts to help them. This time became known as the Great Recession, or as many like to call it, the worst economic time for America since the Great Depression. In a Utopian society, if something like this were to happen, everyone,…

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    The Great Disaster The 1900’s was a time of learning for the government, and the people alike. October 29, 1929 was the beginning of a tragic lesson. This was the start of The Great Depression. The Great Depression affected thousands of people worldwide. During this time hundreds of confused people lost jobs, money, and hope. The disaster earned it’s name because it made the economy, and people depending on the economy, depressed. In the beginning, people viewed the crash in the economy as…

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    Great Depression’s effect on the American Dream Could you imagine going from having everything and being happy to having nothing and being in a nationwide depression? This is what occurred during the Great Depression. People were losing jobs, houses and all of their investments, leading to a loss in faith of the American Dream. The American Dream pertaining to the Great Depression was destroyed for many Americans. The American Dream for many is goals set forth to better your life. Americans…

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    “Money cannot buy happiness” is a common aphorism that is used quite often in everyday lives. Materialism confoundedly corrupts people's lives and dreams, which most certainly applies to the period of time leading up to the Great Depression in the early 1920’s. The reckless pursuit of greed and pleasure often leads to decadent parties- epitomized in The Great Gatsby by the grand parties that Gatsby throws every Saturday night- resulting in the corruption of the American Dream, as the desire for…

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    “An entire nation, it seemed, was standing in one long breadline, desperate for even the barest essentials. It was a crisis of monumental proportions. It was known as the Great Depression” (Great Depression Quotes). Males were the ones that were relied on to get these life essentials. They were meant to be the breadwinners for American families. They had the best jobs and were portrayed as the “leader” of the household. They were treated the best compared to minorities including women and…

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    The Farm Crisis of the 1980’s affected many farmers across the country, including my mother and her family. Interest prices had escalated, and crop prices had fallen, so my grandparents could no longer afford the loan payments on their land. Therefore, my mom was twelve years old, living in Eastern Kansas, when her parents declared bankruptcy and their house was foreclosed on by the bank. In search of work, the family moved across the state to Scott City, where both my grandfather and…

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    Rome's Economic Problems

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    Like the case with the Roman Empire, the U.S. is in danger of decline due to economic problems. According to the history textbook Ancient Civilizations, by Jackson J. Spielvogel,* Rome had economic problems, which led to “people buying fewer goods,” (476). Also, according to the text, “Artisans produced less, and shopkeepers lost money. Many businesses closed, and the number of workers dropped sharply,” (476). These economic problems, like the decrease in income for shopkeepers and rapid…

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    Black Tuesday- was the most catastrophic stock market crash in the history of United States. The price of stocks completely crashed and eliminated many American jobs. Speculation- investment in stocks involving risk but offering the chance of gains such as profit from changes in the market price. "Buying on Margin"- People buy stocks with borrowed money and pay back the borrowed money with the profit earned from the stock. This caused problems because if the stock decreased in value then the…

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    Economic and Social Effects of the War falls under the AP Theme Culture and Society. The majority of the economy of the South was destroyed by the war because of the separation between the two halves of the country. The agricultural production was slowed because Northern and international markets were closed off from the South’s products. Traditional male roles were abandoned for the fight in the war and so women and slaves had to fill the roles by themselves leading to an increase in the…

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    The section that happened to catch my attention is titled “The Great Depression,” which is found in chapter eleven. Although I have heard of this point in history many times before, I cannot claim to have a large breadth of knowledge on what the specific events the Great Depression entailed. In general, I predict that this section will describe the specific causes and effects of the Great Depression. In my understanding, the Great Depression occurred not too long after the Roaring Twenties. To…

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