Topic > The Great Depression - 2020

The Great DepressionAt the end of the 1920s the world experienced a devastating economic depression that affected market economy countries. Although the Great Depression was mildly experienced in some countries, the United States of America was so shockingly affected that at its lowest point in 1933 approximately 25% of all workers and an overwhelming 37% of all non-agricultural workers were completely out of work and thrown on the pavement. The book Great Depression: People and Perspectives, written by Hamilton Cravens, gives us a glimpse into the tribulations suffered and encountered by individuals during the difficult times of the Great Depression. It showcases the adverse level of suffering experienced, illuminating the sad misfortunes faced by individuals, cases where some individuals starved to death with their loved ones helpless and cases where many others lost their precious homes and farms. He paints images of homeless vagrants complaining aboard cross-country freight trains for lack of necessary funds (Cravens, 2009). Dispossessed cotton farmers satiated their chattels by turning them into dilapidated Model Ts and moved to California in the false hope that the many and generous job opportunities much advertised were real. The book follows the recovery largely stalled by the Great Depression starting in the second quarter of 1933 and the slow progress experienced in consecutive 1934 and 1935. It also features the change of recovery, as it turned into a vigorous affair in late 1935 and progressed steadily. until 1937, when a new depression followed. The budding recovery was well underway to restore the American economy when the United States was exhausted from World War II in December 1941 (Cravens, 2009). Due to the terribly slow recovery of the economy, the book covers the entire decade of the 1930s in the United States