The Effect Of The Great Depression Essay - 1500 Words

There is much debate as to what caused the Great Depression. There was certainly the short-term trigger of the Stock Market Crash of 1929, but there are also long-term causes that manifested itself during the 1920’s. Whether it is the shift from coal to electricity that negatively affected those invested with the old technology, or a shift more to trucks and cars to transport goods instead of railroads, or perhaps that farmers were losing their farms because over over-investment during the late 1910’s, many factors can be identified as a cause. But we can also look at the consumer as one of the root causes, as well. Consumer behavior contributed heavily to causing both the stock market crash and the Great Depression. Consumerism and its accompanying advertising exacerbated the conditions that led to the Great Depression. First, consumers spent a lot of their income on new products and they were persuaded to do so through advertising. The 1920’s brought about changes in American culture, like music, sports and literature. But in addition to those, cultural attitudes toward women also began to shift. The double standard that had plagued women was now being lifted and that opened up an entirely new market for businesses (Payne, 33). The advertising industry expanded their targets and utilized what they learned during World War I (from Creel’s Committee for Public Information) in how to not only let customers know what products exist, but to entice and persuadeShow MoreRelatedThe Great Depression And Its Effects1166 Words   |  5 Pages The Great Depression The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and leading to the Great Depression lasted for several years (Shindo). The great depression was a very difficult time in the time that it occurred. It hit people hard and left an everlasting memory (Shindo.) 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Dabrowski American History II, AMH-2020-H01 7 December 2016 Global Effects of the Great Depression When the American stock market crashed on the infamous Black Tuesday in October 1929, the resulting circumstances were felt worldwide. This crisis resulted in a devastating economic collapse. The ensuing Great Depression was in fact a global event. The world was not immediately engulfed by this wave of economic decline. The timing of economic events varied greatly among nationsRead MoreThe Effect of the Great Depression Worldwide765 Words   |  3 PagesThe Great Depression was a major economic disaster which left the people of the world shocked. Many countries were already left in a bad position due to the effect of World War I. Countries that bought and sold on the international market were affected. The United Kingdom, France, and Germany were just a few of the affected countries that had a difficult time getting their country back to great economic shape. The United Kingdom finished World War I a few years prior to the Great Depression, andRead MoreEffects Of The Great Depression On Society1500 Words   |  6 PagesAmerican may remember horror stories of the effect the Great Depression had on society. Although devastating it was not the first time workers had the task to endure the financial difficulties of an impending recession. The Panic of 1792, where two situations occurred almost simultaneously which produced the first financial crisis. This was the first time which Americans experienced a bank run when US securities and bank stock prices started to increase. During the Revolutionary war I, the US