Term Papers on Depression Report

Term Paper Title	Depression Report
# of Words	749
# of Pages (250 words per page double spaced)	3

Depression Report

1930's

     The 1930's were a sad time for many.  It is the time when the stock market
crashed, banks closed, and millions were left penniless.  You might think that that's all
there is to it, but what else was going on?  How did America once more become a
prosperous place?  To fully understand the events of the 1930's and the Great Depression,
one must first understand the economic terms of that period, as well as the many acts and
groups that contributed to helping the nation get back on its feet.  Here, I will provide you
with some additional information about the 1930's.
     First I'll provide you with some definitions of economic terms you will need to
know.  The business cycle is the pattern of economic rise and fall.  A depression is a
period of economic failure.  During a depression, there is a great surplus on goods.  With
all of these goods, demand falls, and with that so do prices.  Companies have to fire
workers because they can't afford to pay them or simply don't need them.  Since people
were jobless and without money, people couldn't afford to buy goods, so things didn't get
sold very quickly.  Recession is like a mild depression.  Prices and demand falls, while a
surplus is built.  Workers get laid off, but on a smaller scale than an actual depression.
Recovery is the correction of a depression.  During recovery, surpluses slowly become
used up.  The companies rehire workers.  Workers now have money, so they start to
spend, and money starts to circulate again.  Prices rise with demand, and the supply falls
more.  In a period of inflation, supply goes down.  When the supply falls, demand
increases.  With the demand up, stores can increase prices.  Things are expensive in these
periods.  Relief is helping people in poverty overcome it.  Reforming is the act of
preventing future depressions.
     In the Great Depression, everything in the nation went to pieces.  The stock
market crashed.  Everyone with stock lost the money they invested.  Banks, who used
customers' money to gamble in the market, lost their money.  People who had money in
the banks lost all or most of their money.  With no money to spend, demand for goods
fell.  Prices were lowered, hoping that some people would still buy at the new prices.
Businesses didn't make enough money and had to fire workers.  Shopkeepers closed their
stores, and farmers lost their ...

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