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Literary analysis essay on to kill a mockingbird
Literary criticism of to kill a mockingbird
Literary criticism of to kill a mockingbird
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In September of 1929 Allen explains that the stock market crashes for the first time then rebounded, but by the end of October, the market was officially broken. The stock market crash made the Americans who invested into the Bull Market in left them empty-handed. The decline of the stock market caused the entire United States economy to slip into the Great Depression which lasted for approximately 10 years because many Americans lost money they initially invested. However, the during the time of the instability of the stock market Allen explains that Americans thought the market would rebut itself. In fact, the Harvard Economic Society hypothesized that the stock market would not suffer in a “business depression,” however, the Society did not realize that Great Depression was in the future.
Document E says, “Businesses needed to sell stock to raise money to expand. By the mid-1920s only 2 percent of Americans were purchasing stock. But as manufacturing continued to expand, stock prices climbed upward and investors made money.” This quote shows how businesses were relying on stocks to make money and once the market crashed, they lost all the money that they had in the market at the time. Since Businesses were relying on the market, a lot of them weren’t able to survive.
Leuchtenberg sad, “There was no single cause of the crash and ensuing depression,” [Doc2]. Many things as stated earlier contributed to the crash, such as overexpansion of credit, goods, industries and rising rates of unemployment. Many Americans saw the Stock Market as an easy way to create wealth by buying stocks cheap, usually at a margin, and selling for a higher price, hopeful to profit. Buying on margin was the act of paying some money on a stock, but loaning the rest from a bank who expected would be paid back when profit was made. Stocks became more expensive to the point where nobody wanted to buy them because of their extreme price.
According to Document A, the farming industry in America was overproducing goods in an unprecedented amount, they were producing far more goods than they could sell which caused a decrease in demand and prices. The farming industry fell and was left with no money and goods they could not sell because of the overflow of production. As this was happening, The stock market had reached previously unheard-of heights and some investors were taking advantage of the historically low interest rates to purchase stocks, driving up prices even further. According to document B, The Boom in the Stock Market on Wall Street ended in a Crash. Thousands, if not millions of Americans lost all their life savings within days.
The agricultural economy was suffering from drought and falling food prices, and the banks had a overload of large loans that could not be liquidated. In the summer of 1929, America’s economy suffered a mild recession. Consumer spending plummeted and the number of unsold products increased, causing factories to slow production of the goods. As a result, stock prices rose so high that there was no way they could be justified by expected future earnings. By this time, people were performing bank runs, this meant that people were going to the banks and withdrawing all their money in fear of losing it when the banks shut down.
Also all of the secondary business went down too, so nobody bought anything so all the workers were unemployed. Afterwards the businesses which relied on others, for example cars rely on tyres so if the tyre business went down then the car business would have to go down. This happened all over America and had a huge knock-off effect on the farmers as they need a lot of farmers to grow crops. This was all because of a financial disaster, and all of the countries around the world were involved and lasted for a decade. This links to the novel because Lennie and George signify a s being from the depression and looking for jobs.
Another factor in the depression in the U.S. is the nation’s industry, or more specifically, the lack of diversification and overinvestment in relatively niche industries like construction, automobiles, and steel production. There was also a peculiar relationship between Americans and the manufacturing of goods at the time; as the economy began to slow down and the stock market crashed, many businesses continued to overproduce goods that most consumers simply couldn’t afford to buy, thus oversaturating the market and causing the prices for said goods to plummet. One of the most notable examples of this was in agriculture, where farmers, many of whom had record harvests in 1929, made only a tenth of the profit they would have had ten years prior (Emory). Though the exact causes of the Great Depression remain cloudy and debated among scholars today, its impact on American life is clear to
The Great Depression hit the citizens of America in 1930 and created havoc on farmer’s crop profits (Tarshis 8). The banks began to close and lose money. Wheat prices dropped and life for the settlers of the Great Plains became harsh. There was no money circulating throughout the economy given that no one in the region had any to spend without the sales of their crops (Henderson). Families became poor and could no longer manage their farms.
Even though people were enjoying the arts and culture, the economy was starting to weaken. Bringing us to the stock market crash of 1929. The collapse was caused by excessive production in extremely important sectors that increased. The market went down by 12%, only with Coca-Cola, Deere, and Archer-Daniels surviving the market drop. Many people went unemployed during this time and almost 400,000 farmers lost their farms as the farm income dropped 50%.
In the 1920’s, Americans wanted to expand their wealth and prosper. However, that took a turn for the worse when Herbert Hoover was elected president in 1929. At first, the stock market initially reacted favorably due to investors putting in money they did NOT have, they were using credit to purchase stocks while also taking advantage of the low interest rates. Unfortunately, everything went off course when the stock market crashed in October 1929. The market fell by more than half of what it used to.
Walter dealt with a hardship in his live as well. Walter was faced with racial discrimination. He wanted to have money to be able to to what he wants, follow his dreams. The only problem is that he didn 't have a high paying job. Your probably thinking to yourself why doesn 't he just get another job.
The great depression was a terrible time for companies that fell and the 15 million americans that lost their jobs. Have you ever read a book that took place in the 1930s? The book To Kill A Mockingbird takes during the great depression around the 1930s. To Kill A Mockingbird by Harper Lee is about accepting all types of people, such as: poor, antisocial and black. Accepting and judging all types of people is still a concept that many people are learning to comprehend in this century.
How did the time period of the novel (30’s) affect how black people were treated? One of the main themes in To Kill a Mockingbird is racial discrimination. Examples of racism and prejudice against black people can be seen throughout the novel. There are several reasons as to why people segregate dark people and they are mostly the important events happening in the 30’s. The time period of which the book was written is the 1930’s
Things excite months before the crash when Roger Babson made his discourse at the yearly National Business Gathering which he stated, At some point or another a crash is coming which will take the main stocks and cause and go down from 60 to 90 focuses in the Dow Jones Gauge. This and others addresses like this frightened individuals into offering their stocks before the inevitable would happen. This was a causes that the Incomparable Discouragement end up plainly one of the biggest and most considered occasions ever, yet not alone. Other huge contributing variable was The compelling force of nature, I say this in light of the fact that in Oklahoma the climate was dry to the point that the agriculturists were not ready to gather their yields, these ranchers wound up noticeably known as Okies. The land was a desolate no man's land of clean and soil in which it got it's name the Tidy Bowl.
There began to be a gradual decline in prices and the stock market ruptured. On October 24, 1929, the infamous “Black Thursday” took place, where stock holders went on a panic selling spree. Things then went from bad to worse, stock prices went down 33 percent. People stopped purchasing goods and business investments decreased after the crash. In the fall of 1930, the first of four major waves
