Business cycle

How did football affect the culture in Odessa? Odessa, Texas was settled in the 1880’s in hopes of turning into a destination town. The land was a dessert and was useless to farm or raise livestock. It wasn’t until the discovery of oil and gas deposits, that Odessa became a boom or bust oil economy. A “boom or bust” economy is the process of economic expansion and contraction that occurs repeatedly. The rise and fall of oil production within Odessa’s economy impacts family structure, the…

The Homeless: Then and Now During the 1930’s the number of homeless people raised drastically due to the stock market crash of 1929. In present day, populations are surrounded by homeless no matter the location. This is not saying that most of the world is homeless, but a vast part of large cities are made up of homeless people. When the stock market crashed in 1929, people had an “excuse” as to of why there were homeless, but now is there such an “excuse”? When the housing market crashed in…

The Depression was a time where most Canadians, excluding a minority of wealthy people, faced a difficult time. As a result of the Depression, many people lost their jobs. Many could not even afford to pay their rent and were evicted. Government relief payments known as the "pogey" only ended up benefiting white men and married couples. However, receiving these payments were difficult and embarrassing as you had to prove you owned nothing of value anymore. White Canadians would receive anywhere…

The Great Depression and the Effects The Great Depression was the bane of America when the stock market crashed in 1929. It had many effects on everyone including the wealthiest people. Such as people lost money, most people were poor not all, people did not have jobs. It had many effects on certain people thousands starved and committed suicide. People lived on the streets not having homes. It lasted for about 10 years with economic hardships. People had trouble buying food and had to sell…

As a result of the USA joining the war in 1916, industry production of weapons and war efforts in America boomed. Manufacturers had to keep production up to the pace needed to support the war. The total cost of WW1 for America was approximately $32 billion. Comparing the two world wars for America, WW1 ended with a depression and WW2 did not, which is one of the biggest economic differences after the wars. The post–World War I recession was an economic recession that hit much of the world in…

The real estate agents were creating social capital and therefore could streamline their customers into homeownership which was better for business and their pockets. Banks were finally able to capitalize on their list mortgage vehicles including their secondary loans while emptying their housing property books. Furthermore, they could double down on home owners by providing an investment vehicle…

Although isolationism presented the United States with the opportunity focus its own economic problems, it only magnified the impact of the Great Depression. The United States unintentionally demolished international trade, turned away potential business partners, while simultaneously ignoring world affairs. These issues are portrayed in the cartoon as the brick fortress, the three boats, and the nonchalant Uncle Sam…

The background of the Great Depression change the way families live during that time. The Great Depression started when the Stock Market crashed in October 24, 1929. This day is known as Black Tuesday. According to the book The Great Depression An Eyewitness History “By the end of the [Black Tuesday] over 16.4 million shares had changed hands, and the times average had fallen another 43 periods” (49). The Wall Street Crash of 1929 was intentionally plan to allow investors to borrow money to buy…

Out of the many events that happen in the history of the United States Of America, these are my top 5 important events in history. These changed the U.S and we will never forget. 5. The Great Depression The Great Depression was an economic downfall in America and many other parts of the world. This was a dark time for America as well as the other countries that this affected. It started in 1929 and lasted for about 10 years. This depression did not end until we entered the war causing a need…

The aspect of the Great Depression that struck me the most deeply was the expression of lost hope. Millions of Americans had their life savings misplaced by thousands of banks across the country. A third of the working American class left unemployed. Great Depression, people sought ways to provide food on the table for their families. Through the Hoover towns in Seattle, people sold fruit to at least attempt to make a living for themselves. Common events that took place included theft,…