Thesis Statement For A Research Paper On The Great Depression
With an unemployment rate of more than 25 percent during this time period, the lack of unemployment insurance had disastrous consequences for millions of individuals and their families.When put in this perspective, it becomes clear that the precipitation of the stock market crash of 1929 was promulgated by a number of forces, not just one single event.By the time the economy was beginning to falter, most organizations had a surplus of product and had no choice but to cut their bottom line in order to remain profitable.
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While the consumerism that occurred after the end of World War I was indeed a boon for the United States, the lack of government intervention in the economy and the stock market is what served as the basis for widespread fraud and, eventually, widespread poverty and economic decline.
The fact that the government enacted a number of measures to prevent this situation from happening again, is positive proof that these specific contributors to the Great Depression were indeed quite pertinent.