A very well written paper on how the american economy turned it's sour situation upside down. The best part of the article is that it's diction is very advanced and I know I would not be able to understand what I am reading now. “Under the classical “rules of the game,” countries experiencing balance of payments deficits financed those deficits by exporting gold. The loss of gold forced them to contract their money stock, which then resulted in deflationary pressures.” This shows the complexity of the language as well as the amount of information packed into each line. However written over 10 years ago the article is paced with useful information
The New deal implemented by FDR is the bases of the paper and arguably the greatest piece of monetary policy ever implemented. The new deal created work all over the country employing over 8 million american and introducing billions of dollars into the economy. The new deal brought automatic stabilizers into the american economy's structure. There was the creation of social security, unemployment compensations, and the introduction of minimum wages in some industry. This information comes from an encyclopedia so it's grants a lot of in depth information into the niche organizations such as the Works Progress Administration and the Civilian Conservation Corps that created most the national parks seen today in the United states.
The stock market crash of 1929 kicked off the start to the great depression. The catalyst of depression. This article explains the speculation that the US stock market was propped up on as well as the effect that the media had in worsening the situation. It explains the loss of buying power as well as effects of the crash paired with the vast number of stocks that were traded in the panic. It shows how greed can destroy a system, as well as the effects of panic on a population. It gives a short and sweet in depth look at the events leading up to the stock market crash.
This website provides a nice concise timeline of the Great Depression. It also has a video resource that's mainly for entertainment purposes but has some information in it, it also allows me to absorb in an entertaining way. It lays out the four main events that were prevalent in the 10-year life of the great depression. The initial stock market crash, bank runs and the Hoover administration, FDR and the new deal, and final stages of the depression and the beginning of WW2. The articles give the big events and some of the key terms, such as the “Tennessee Valley organization” that can help direct my research into specific events of the great depression.