CAUSES OF THE GREAT DEPRESSION 1929 is a year that most of our grandparents or great-grandparents remember, as it was a year when one of the most significant events occurred in the history of the United States and affected other nations globally. It was the year the Great Depression began. Pr...

It has been a 'splendid little war' wrote John Hay to Theodore Roosevelt after the fall of Santiago. Little, the Spanish-American War was; it was over in barely four months. Splendid? Maybe for those at home, reading the headline about its lucky victories. But for those men who fo...

The Components of Roosevelt's New Deal The stock markets crash of 1929 helped launch the United States and many other nations into the worst economic depression in history. All aspects of American society suffered during the Great Depression. By 1932, there were thirteen million people unemploye...

Effects of the Great Depression on Canada During the Great Depression of the 1930's, Canada's Prairie provincessuffered more than any other area in Canada. This time frame brought forthe farmers many years of droughts and grasshopper plagues, as each yeargot worse without any rainfall whatso...

Financial Crisis The financial distress of the last two decades has revived interest on the question of the stability of the financial system. On the one hand, the "pessimist" view, associated primarily with Minsky argues that not only that the financial system is prone to such crises ("financial...