What was life like before the great depression?
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Hi ,Sorry for the late reply. Thanks for the A2A.Few things that people with depression should keep in mindRealization : Realizing that you are depressed in itself is a huge step. Some people dont even realize that they are depressed or sometimes fail to acknowledge it. And knowing that ITS OKAY to be depressed. That’s its not something that they should be afraid to express.ITS only a PHASE : I really wish people knew this in the earlier stages of their depression. Its only a BAD PHASE and that they will eventually come out of it. TIME will help them heal. Most depressed people are in a zone where they think, its all OVER , that their life is ended. NO, there is ALWAYS light at the end of the tunnel.CHANGE : Change is something that should come from within . A lot of depressed people assume that change will come with time . In a way its true, but not unless they take EFFORT to be that change.STAYING AWAY : Staying away from negativity. Stay away from anything that reminds you or triggers such feelings.POSITIVITY : Its easier said than done. But its the little things that make the difference. Start reading something positive. Or even do something that brings a positive change. Like meditation. or Art. Art is very stress relieving. So please try.The above are few things I realised when I came out of depression. I Really wish I had known about it earlier.Note: If you ever need someone to talk to, I am just a message away :)
It didn't. We had a stock market crash in 1986 that was just as severe and it did not cause a depression. What was happening was an increase in credit that did not match the ability of the economy to make it good. The stock market crash was simply the shock event that started the unraveling of what was in effect a Ponzi Scheme.
Farming before the Great Depression?
Economic change was everywhere, and people who could not keep up were in severe difficulty. But people keeping up often were mired in debt that they would never be able to repay. Debt vs staying safe and avoiding risk were the touchstone of farming during the 20's. When we came out of WW2, there were still many farms small enough to be totally uneconomic. These were the farms that in large measure had stayed safe from bankruptcy in the late 20's and through the 30's. A large amount of newly opened farmland was first broken during the 20's. A lot of that new land was not good for farming, be it from climate or soil. But it took most of 12 years to prove that, and break those who chose the wrong land to farm. A lot of these lands are now inside of much larger ranches. A few farmers launching out in the 20's actually made out well, but recall that the new lands of the 20's was largely land that had been bypassed by earlier settlers. My grandfather was one of those 1920's new farmers in central Alberta, and he had to abandon his 1/4 section in 1929 after 3 years of crop failures, drought, hail and drought. The family left with only an old model T. They were but one of many farmers in the same situation.
Did the New Deal end the Great Depression? yes or no?
The massive spending during WW2 caused a recession following the war - too many workers returning from the war, and the ballooned deficient. As far as FDR's methods, they had only temporary positive effects. Industry still did not catch up to needed productivity levels as the rest of the world, and even the US were still suffering from the effects of the depression. The marginal "prosperity" was dependent upon continued government "work" projects. These projects were generally essential, but certainly did nothing to ease long-term problems with the economy. In the short term, the people benefited, and families were saved. But that can only last for the short term, then the debt starts coming due.
How was health care during the great depression?
Well the great depression was pretty bad. Since know one had that much money there were not as many medicines so they didn't have have much supporting them. The great depression's name has depression and that time was depressing because so many sickness loses that family and friend members had. Life today, well we get per-antibiotics if we feel a sickness coming on and with many other new medicines supporting us. the great depression was so long back if we had one today the sickness and health care issues wouldn't be as bad because we got per-medicines, medicines, and health insurance. Health sure was different as we can conclude and much better today as you read this. Please like:)
How long before we return to the Great Depression?
At this point in the world's technological and economic development, I don't even know what a second "Great Depression" would mean. Would it mean that ... Americans would have to give up their cable TV? Their cell phones? Maybe even, like, ride the bus? Boo-hoo. My point is that this "second depression" would entail sacrifice not even close to the level of sacrifice endured during the '30s Depression. In fact, it would entail not even close to the level of sacrifice endured TODAY by your average African person. The technology and standard of living today is so different from the '30s that a "depression" would also look very different. BTW, this country spends a fraction of the amount on "social programs" that it spends on its military. Unless you're one of those who thinks we need to dump Social Security and instead just send the elderly to homeless shelters. http://encarta.msn.com/media_461536304/U_S_Government_Spending.html http://en.wikipedia.org/wiki/United_States_federal_budget,_2007#Total_spending
Sure: the Federal Reserve Act was passed in 1913.Why is this a warning sign? Because it was the Fed’s contractionary monetary policy in 1930–33 that caused the Depression, and emphatically not the October 1929 stock bubble.When the bubble popped, companies with stock assets on their balance sheets took a hit; they had fewer assets relative to their liabilities, and they could expect a smaller cash flow from their long-term assets (like dividends from equity or interest payments from debt). That meant they had to convert illiquid assets into liquid assets (by selling them) in order to meet their own current liabilities.Trouble was nobody was buying; when nobody is buying and you have a flood of assets go on the market, the market price of those assets fall.So a company with a future cash flow asset previously valued at $100 might now only be able to fetch $60. Which means that company assets fell even further relative to liabilities, and the company slid towards insolvency and bankruptcy.Why is this then the fault of the Fed? Because the Federal Reserve Act made it the sole responsibility of the Federal Reserve to provide liquidity to financial markets; the Act made it illegal for private entities to do so. Previous to 1913 multiple banks of note issue existed in the US to provide liquidity, and even though this National Banking System had its own share of systemic problems, it did not have the problem of possessing a single point of failure.The 1913 FRA put all the monetary eggs into one basket, and then they stomped the shit out of that basket. From 1929–1933 the Federal Reserve followed a theory of banking called the Real Bills Doctrine which called for, in this instance, not providing liquidity to financial markets.Put it this way: instead of allowing parents to drive their children in car pools to school, the congress mandates they must be transported by a legally licensed bus driver. One day, the road gets washed out in a flood; the bus driver does not react, and crashes the bus into the newly created ravine, killing 40% of the kids. Will you, as the other answers suggest, place the blame on the parents or the children? Hardly. It's the bus driver’s responsibility to watch the road, even if some kids in the back are being annoying little shits.Absent the Federal Reserve’s dereliction there would have been no Great Depression. See Friedman and Schwartz, “A Monetary History of the United States” (1963) for the full account.
Am i Bypolar? Mood Changes? Depression?
You know what you are is 18. I have known so many people who had problems like this in their teenage years, and over time in their 20s, the problems disappeared. When you are young you still have a lot of hormones rushing through your body. This can cause confusion and depression. Also some very interesting studies have shown that people tend to get happier as they age, and that we are at our most unhappy and most volatile (mood swings, etc) when we are in our teenage years. I would wait it out. Go see a therapist if you are able to, because it can really help to talk to someone. Whatever you do, please do not take anti-depressants. I was on many differnet kinds all throughout high school and they messed with my head. They are very addictive, one made me gain 40 lbs, and one made me unable to feel any emotion at all, which was terrible. i think the most important thing you can do is talk to someone, and realize that you are not alone. I am not trying to downplay your problems, I just think people worry way too much about diagnosing themselves with conditions rather than focusing on how to fix their own problems. Every person is unique, and you sound like you just have a very emotional spirit. You need to focus on what calms you down when you are upset and try to apply this to your life as often as you can. The best therapy does not come from drugs; it comes from positive thinking and talking to people to work through the problems. Do not think of yourself as a victim. Think of yourself as a regular person, and one who is allowed to have emotions. Own your emotions, but learn how to control them and understand them, if you feel they are running your life.
Had Herbert Hoover not been President between 1929 and 1933, it is likely he would be remembered today as one of the outstanding men of his age. A self-made millionaire and mining engineer, he is widely credited with saving millions of lives by overseeing Relief efforts following WWI.The causes of the Great Depression are still widely debated among economists. The severe stock market correction that occurred in October 1929 led not only to a great drop in wealth, but also a severe loss of confidence among businesses and consumers. Coming just months after Hoover's inauguration, it is difficult to lay the blame on his administration. Likewise the immense financial costs of WWI, leaving most European nations essentially bankrupt, hampered the ability of governments to adequately respond to the drop in demand. So it is probably fair to say that Hoover and his administration do not bear much of the responsibility for initiating, or failing to prevent, the Great Depression.If fault can be laid upon Hoover it is that in general his responses to the ill-effects of the Depression were not robust enough. For too long he clung to a laissez-faire belief that the economy would eventually right itself of its own accord. This generally "hands off" approach failed to address the dramatic loss of confidence throughout the economy. In addition, in a mistaken attempt to balance the Federal Budget, Hoover signed into law the Smoot-Hawley Tariff Act, which led to a dramatic decline in international trade; as well as agreeing to tax increases on estates, businesses, and checks. Hoover's administration initiated a great many public works programs, many of which were continued - and expanded - as part of Roosevelt's New Deal. Hoover was not indifferent to the suffering caused by the Great Depression. It is, however, accurate to say that his business career, and personal beliefs, made him ill-suited to deal effectively with an economic catastrophe as dire as the Great Depression.