Throughout the 20th century, many events helped shape the world into what we experience today. Some of them were wars, encompassing the world over. Violent creations, devastating natural disasters, and technological advancements abounded. But this essay will talk about one event in particular that set in motions events that would rock the world: The Great Depression. The Great Depression was notable for several reasons, including the myriad of events that led to its devastating impact. This paper will go on to explain the major events surrounding the Great Depression, the methods put in place to alleviate its effects, and its aftermath. During the 1920s, most of the industrialized world was enjoying the effects of what was called The …show more content…
As stated earlier, postwar Europe depended on the United States in a rather complicated series of financial aid repayments. When the banks in the US were unable to keep the cycle going, and started calling in debts, many countries fell into a further depression. Germany in particular depended on them to continue postwar reparations to the Allied countries. Countries that relied on raw material and agricultural products had to contend with competition from domestic growers with access to better technology, and then from markets that didn't want to buy their products. Overall, a very bleak picture was being …show more content…
Franklin Delano Roosevelt worked out a multifaceted plan of action and legislature, called the New Deal. Putting it simply, the New Deal tried to bring a new start for Americans who lost everything. Farmers devastated by the Dust Bowl and economic instability were relieved by policies that bought their products at a higher than market rate, and employed their services to fuel public work projects. The New Deal revitalized the South with the Tennessee Valley Authority, and created the idea of public welfare systems on the part of the American government. By putting people to work, reassuring them in radio addresses called Fireside Chats, managing industry in New Deal legislature, FDR successfully staved off further