51 Birch Street

The following report is on the book Think And Grow Rich written by Napoleon Hill during the Great Depression of the 1930s. The Great Depression was, without a doubt, one of the hardest times in America's history. In 1929 the stock market crashed, jobs and fortunes were lost and the thrills of the “roaring 20s” were replaced by bread-lines, poverty, drought and despair. As the hard-times dragged on, people began to lose hope. Many were lost and directionless. Napoleon Hill lived through…

Throughout the entirety of the United States of America’s existence, no economic crisis had, and to present day has, ever negatively affected so many lives for such a long period of time as the Great Depression did. From 1929 to 1932 over 85,000 businesses failed; more than 5,000 banks suspended operations; stock values on the New York Exchange fell from $87 billion to $19 billion; unemployment rose to 12 million, with nearly one-fourth of the population having no means of sustaining themselves;…

Securities Act of 1933 Prior to the Securities Act of 1933, there were no true regulatory guidelines on the issuance of securities. Securities were under different state jurisdictions, which proved to be not successful. These regulatory actions led to fraud being conducted and investors being deceived into making poor investment choices. Prior to this Act, companies were not forced to disclose financial information to the public, so investors were investing their money without knowing the facts…

After doing some research on the Great Depression, I was able to learn a great deal on the causes that created this event and the policies implemented to try and end the depression. The Great Depression took place from 1929 and continued until the late 1930’s. It began in the United States, but quickly spread throughout much of the world over time. During this period, much of society were out of work, hungry, and homeless. In the heart of the city, people would stand in long lines at soup…

Monetary Policy and the Great Depression are related to each other in an economic way. Monetary policy is said to have specifically effected the Great Depression because of the stabilization of money value and trade. The concept of the effect has been debated over for many years even as recent as now. In short the Great Depression was an economic downturn in the United States. The Great Depression consisted of the stock market crash, the failure of people being able to spend and company unable…

Was the Great Wall of China worth building? Hundreds of thousands of people were killed during construction. People had to pay extra money for taxes. People couldn’t harvest their crops because they were busy building the wall. The Great Wall of China wasn't worth building because hundreds of thousands of people were killed, people had to pay extra money, and people couldn't harvest their crops because they were building the wall. Many lives were lost in the construction of the wall. The Qin…

Hello Mr. Scrooge, I’m Mrs. Dilber. I don’t know you very well. Actually, I hardly know you at all. We’ve never really met in person. I was your laundress and I can say that if you had continued to be a grumpy, cold-hearted old man, when you passed away I had planned on taking your stuff and selling it. I wasn’t going to do it because I don’t like you, although I’m not overly fond of you, I simply need the money. You didn’t pay me very well you know. I lived in the poorer part of town though all…

Reading the article by Shultz and Whitesell (2005), it seems like in 2003, Bolivia needed to borrow money to finance its annual budget, so they turned to the IMF. The IMF in turn wanted 8% of their national budget, roughly $250 Million. You know the world is in a large wealth inequality when 8% of Bill Gates' current wealth is roughly $6 Billion, 24 times more than 8% of Bolivia's national budget in 2003! Because of IMF asking for wealth, Bolivia had to take desperate measures meaning increased…

What caused the Great Depression was overproduction. The mass production was the cause of boom or bust. Demand could not simply keep it with production because many people have financed purchases of products with loans and credit and after the wall street crash it made it very impossible to pay off such debts. Overproduction was also the cause of agriculture economic crisis. By the 1920’s a lot of farmers were…

In the Fall of 2008, the stock market had crashed for the second time in history. The first was in 1929. In this economic crisis many were to blame. The 2008 economic crisis was mainly blamed on the democrats, republicans and many other groups that share the blame. October of 1929 marked the day where the first significant stock market crash was to happen in the U.S. This market crash had lead to the Great Depression because people were too poor to buy any stocks and many people had lost their…