Do You Think We Are On The Brink of Another Great Depression?

What do you think about the economy?

   Yes      No      Don't Know

Vote Now!

How does the Federal Reserve work?

Friday, November 18th, 2011 at 9:51 am  
Comments (76)
the great depression federal reserve

For the average layman understanding the mechanics of the Federal Reserve and how it affects our daily lives can be likened to reading a book in a foreign language. This mysterious entity controls Americas economy and can be seen as the master bank of all banks as well as the bank for the US government. It influences the nation’s economy by lowering or raising the interest rates that it sets in place. But it also manipulates the economy by creating money and as such can control it by slowing it down or speeding it up. It is like this that the Federal Reserve maintains low inflation, manufacturing output and the all important high employment rate. 

To really comprehend just what service the Federal Reserve offers people of the nation, it is necessary to go back in Read more…

Unemployment during the Great Depression

Saturday, November 12th, 2011 at 5:39 pm  
Comments (196)
When was the great depression jobs protest

The crash of the stock market in the 1930s has had unprecedented economic and social impacts. It had a snowball effect leading to worldwide social, economic and financial crises. The Great Depression period lasted approximately ten years, from 1929 to 1939 that remain in collective memories as one of the darkest periods in world history.

In the aftermath of the crash, the labour market experienced a drastic downfall following scarcity of jobs, limited job opportunities and scourging unemployment. The dyadic relationship job shortages and economic slump, led to economic, financial, social and material impoverishment with families falling in relative and absolute poverty.

Read more…

Migrant workers during the Great Depression

Saturday, November 12th, 2011 at 5:36 pm  
Comments (79)
When was the great depression migrant workers

The collapse of the stock market in the United States of America in 1929 led to an international financial, social, economic and political crisis that lasted approximately ten years. This international crisis is known in world history as the Great Depression period for it led to a series of socio-economic upheavals throughout the world.

The Great Depression in Europe and America brought drastic changes to the European and American political and social landscapes with rampant poverty and unemployment. Facing job scarcity and mass unemployment, as a survival Read more…

How the Great Depression Affected the Rest of the World

Saturday, November 12th, 2011 at 5:16 pm  
Comments (559)
When was the great depression Wall Street Crash Headline

The ‘black Tuesday’ and its aftermath did not impact on the American macro-economy and micro-economy solely, but it affected the whole world. The First World War had led to the Great European Depression, and the stock market crash of 1929 added to the economic woes of the European countries. The economic downturn that peaked on the ‘black Tuesday’ led to an international crisis that spanned until around 1935-1939.

The collapse of the market affected the economic, labour and financial markets throughout the world. It was the causal factor of various other social problems such as housing and educational problems. Worldwide decline in incomes, widespread unemployment and extensive poverty enhanced the impacts of the Great Depression on Europe and other countries.

Read more…

 Page 1 of 4  1  2  3  4 »