Many believe that that the depression was caused by the U.S. stock-market crash that took place in 1929. Nonetheless, there is no consensus on its cause as other factors are also acceptable. The economic devastation of the 1920s led to the Great Depression and brought a tragedy for the whole society.
Causes of The Depression Many causes have been put forward to explain the causes of the great Depression over which the economists have disagreed. However, one thing that cannot be disputed is that the Depression had major impacts upon the country and the lives of people.
Crash of stock market
The crash of the stock market in 1929 ushered in the Great Depression. The capital in America was represented by stocks. There were easy-money policies that caused the stocks prices to go very high and this led to a big speculation that made people invest all their money in the stock market.
Eventually, the price of the stocks went down sharply and people started selling their stocks in panic. The number of stocks available for sale was higher that the number of people willing to buy and eventually the market crashed (Great Depression, 2008).
Uneven distribution of prosperity
The 1920s saw the American economy rise but the prosperity was unevenly distributed and the farmers as well as the untrained laborers were largely excluded. It therefore led to the nation having a greater production capacity and could not match in consuming the products.
Moreover, the policies of the Republican administration in regards to war-debts and tariff had led to a decline in market for the American goods (Great Depression, 2008).
Get your 100% original paper on any topic done in as little as 3 hours Learn More Effects of The Depression The effects of the Great Depression were felt both at home and abroad. No one escaped its reeling effects. For example, countries in Europe were affected greatly as their economies were hit hard. In Germany, the economic blow led to social dislocation that is alleged to have played a major role bringing Adolf Hitler to power (Great Depression, 2008).
When the Great Depression set in many people lost their jobs. The unemployment levels rose as many factories closed and up to about 16 million people had lost their jobs between 1932 and 1933 (Great Depression, 2008). The Great Depression compares to the economic recession that took place in 2007 in American and its effects felt on a global scale.
For instance, the following words by president Obama show the similarities “Even though economists may say the recession officially ended last year, obviously for the millions of people who are still out of work… it’s still very real for them” (Hill, 2010).
Consequently, job losses and loss of money in the stock market the people fell into massive levels of poverty. The people did not have a source of income and suffered a great deal. The country’s economy suffered too” The gross national product declined from the 1929 figure of $103,828,000,000 to $55,760,000,000 in 1933” (Great Depression, 2008, par. 2).
The suffering led economic hardships as well as physical, emotional, emotional and cognitive sufferings to the people because the Depression was a big tragedy hence they exhibited signs that people going through other crises exhibit (Barr, 2005).
Conclusion The Great Depression led to untold suffering to millions of Americans as well as the devastation of the country’s economy. The effects extended to other countries as well due to international trade just as it happened during the recent economic down turn. No country is in isolation and its activities affect other countries too even if they do not have a hand in causing the problems.
It therefore follows that countries must take precautions to prevent an event like the Great Depression by learning its causes as well as its effects in order to minimize future damage or suffering in case of a similar tragedy.
We will write a custom Essay on Cause and Effects of The Great Depression specifically for you! Get your first paper with 15% OFF Learn More Reference List Barr, J.G. (2005). Predicting and Managing Crisis Behavior.
Great Depression. (2008). Retrieved from EBSCOhost database.
Hill, P. (2010). Recession over a year, but recovery not felt. The Washington Times. P1, 1. Retrieved from https://www.washingtontimes.com/news/2010/sep/20/recession-over-for-a-year-americans-dont-feel-it/
‘Don’t Ask Don’t Tell’ Repeal Analytical Essay
Nursing Assignment Help There has been an outcry over the banning of gays from openly serving in the United States’ military. The Obama administration in particular has contributed greatly to the repeal of the policy. This has however met a lot of resistance particularly from the reservists.
Most American service members support the lifting of the ban. The ‘Don’t Ask Don’t Tell policy requires that those members of the military who are either openly gay or lesbian be discharged from their duties. Since its introduction, the policy has caused most servants to lose their jobs.
The law has however been perceived as outdated and unconstitutional in the recent past. A Californian judge for instance ruled the law as unconstitutional and demanded that it be scrapped. Some countries have started to allow those members who are not straight to serve as military personnel. This includes all the NATO signatories with the exception of the United States and Turkey. Homosexuals are however still barred from openly serving in the military in, most of which are Islamic nations like Iran, Syria and Yemen.
One of the reasons against the repeal of the policy was that if those members that are not straight were allowed to serve as officers in the military, then it would be a potential destruction.
Activists played a significant role in the repeal. They included Lady Gaga, Gay rights groups and the democrats. The MTV age particularly contributed towards the repeal of the policy. Lady Gaga in particular has been a major lobbyist towards the repealing of the policy. In fact the gay rights advocates while making efforts to convince the senate for the repeal enlisted her.
MTV video awards have for instance gone towards those works that were aimed at advocating against the policy, a good example being “Bad Romance.” Another example is “Alejandro” which won various prizes at the MTV Awards. Some of these videos have been acted by former service members who were affected by the ban.
Most of them have joined defense networks that lobby for the repeal. Most of the MTV shows that perpetuate the repeal are usually claim to bring to light the unbearable burden that the policy impose on brave individuals who struggle to defend their nation and advocate for the scraping of the policy which they term as despicable.
Get your 100% original paper on any topic done in as little as 3 hours Learn More The same sex lobbying groups have had an enormous role in the repealing of the law. They have done this through various means with the social networks not being left behind. They have held rallies while trying to convince civilians to see sense in their quest for the same sex rights. To some extent they have managed to get most of the public to support them.
The main fear though has been that the standards of the service in the military will greatly be compromised. Most of the same sex rights groups have been of the view that the military action abroad has to be stopped and that their needed to be significant budget cuts in the defense department.
They have held the opinion that every American citizen has the right to serve as a military personnel and risk his or her life for his/her beloved country as long as that individual fulfills the physical requirements he be in a position to follow the military justice code (Shalanda 14).
There are those who on the contrary feel that the law is effective due to individual, political ideological or religious reasons. Most of the Christian churches for instance have been supporting the ban due to the belief that God hates same sex intimate relationships.
The same sex activists have not been on a joyride. They have met much resistance from anti-gay movements as well. For instance there are those who hold the opinion that the military and homosexuality are two different incompatible issues.
They believe that there is nothing like a right to work in the military taskforce. They believe that the military is a significant fighting force and needs not to be interrupted by foreign aggressors who have no idea about the peace, prosperity and tranquility that the military brings to the country.
The activists have however not backed down. Their argument being that; if the military managed to include women in the taskforce and if racial discrimination was brought to a halt in the military then someone’s sexual orientation need not be a big deal as the same criteria could be used to include them in the military.
We will write a custom Essay on ‘Don’t Ask Don’t Tell’ Repeal specifically for you! Get your first paper with 15% OFF Learn More They reason that it would be unwise to train someone for a long time, invest resources in his/her training, only to end up discharging that person on the basis his or sexual orientation yet most of them could be having high qualifications. They also claim that most of the straight members have no problem with working with the gay and lesbian members side by side.
The fact that same sex marriages have been approved by some nations and for even greater emphasis: in some churches has had an overwhelming impact on the repeal of the policy. It is argued that if a nation can approve of such relationships or for the case of the church; if ‘God’ can approve of such relationships, then the military has no reason to put restrictions on the group.
In fact, the ordination of openly gay church servants fuelled the debate and even encouraged the rights groups to push for the same. This put a lot of pressure on the government as well as those in charge of the military to accept the repeal of the law (Lightman 12).
Works Cited Lightman, David. Congress Repeals Don’t Ask Don’t Tell. Polotical Journal, (2010): 12.
Shalanda, Baker. Telling: Living with Don’t Ask Don’t Tell. Journal of Legal Education, (2007): 14.