The Effects of the Great Depression - Free Essay Example

Sample details Pages: 2 Words: 579 Downloads: 4 Date added: 2019/05/13 Category History Essay Level High school Tags: Great Depression Essay Did you like this example? The Great Depression was a period of economic struggle lasting from 1929 to 1939. Wall Street spiraled into panic and it cost investors and businesses billions of dollars. Millions of jobs were lost and unemployment reached all time lows. The stock market suffered greatly as less and less people could afford to become investors. The economic difficulties also led to emotional suffering and the morale of the public was low. The real catalyst of the Great Depression was the stock market crash of October 1929. Before the crash, there was a peak, the DOW increasing by 6 times between 1921 to August 1929. Investors became comfortable, predicting that the market would stay high for a long time. Several regular citizens decided to purchase stocks on margin (borrowing most of the money from banks or brokers and paying a small percentage themselves). Shares were very overpriced, which doomed the market to an eventual decline. People were overconfident in the stability of the market, people were not afraid of debt because of the current state of the market when it was increasing around 20% every year. Some businesses had problems with overproduction, which made them have to purge their product, lowering the value of their stocks. Soon before the crash, the interest rate was raised from 5% to 6%, which made investors less confident and enthusiastic. There was also agricultural recession going on at the time. Farm ers couldn’t make enough profit to sustain their businesses. When the decline started, people began panicking, only causing the situation to worsen. People rushed to withdraw their funds from banks and investors couldn’t get their money back because the bank had already invested it. This caused bank failure. The reporting and headlines about the crash only worsened the panic. All of these factors led to the crash. Investors, businesses, ordinary people and banks lost their entire savings, which caused widespread bankruptcy. Don’t waste time! Our writers will create an original "The Effects of the Great Depression" essay for you Create order This caused greatly reduced consumer spending because ordinary people who had invested lost all of their money. The cost of stocks increased to much higher than their actual value. Businesses who went bankrupt couldn’t pay their employees which caused them to be forced to lay off thousands of workers. Even workers who still had jobs had decreased wages. Unemployment rates skyrocketed, along with the worsening agricultural crisis. Farmers were already struggling to make a profit, but now even less people were buying their products, which meant they had to decrease food prices. Droughts at the time also affected the production of crops. Banks at the time had many large loans that they could not liquidate. Investors began selling greatly overpriced stocks. Millions of shares became worthless and investors who bought on margin were completely wiped out. Many people fell into debt, especially those who bought on credit. Because of the fixed currency exchange, the depression spread throughout the world, especially to Europe. Job loss greatly decreased the morale of the country. Money was tight for most households, and unemployment was essentially stagnation because businesses couldn’t afford to hire any new workers. Many families figured out creative ways to feed and provide for each other. Inexpensive foods like potatoes and hotdogs became common to use in meals, as did ways of preserving food longer such as salting meats. In conclusions, the Great Depression caused panic and pessimism to sweep through the country with force. The economy was hurt badly, and it may have seemed that it would never recover. The people of the time had to persevere and work hard.

Health Informatics And The Health System - 1717 Words

What is health informatics in Canadian health system? Health informatics transforms health care by assessing, analyzing, integrating, and applying health communication and informational systems (Anderson, 2007). Health informatics schemes are funded federally and implemented provincially in Canada with each province creating its own dynamic programs to help improve both the population and individuals health outcomes, enhance patient’s care and to strengthen the patients-caregiver relationship (Anderson, 2007) . Such programs are Ehealth Ontario, and Alberta Netcare. Electron Health Records (EHR) and Electronic Medical Records are usually used exchangeable (Gartee, 2011). EMR servers as a data source for EHR; it usually contains patient’s medical records and usually found in an ambulatory or acute health facilities. While EHR is the sum of the entire patient’s life history of his or her health records from different sources, which is usually kept in an instit ution such as an integrated delivery network facility where most health care providers can guarantee access (Gartee, 2011). This literature review is intended to amalgamate the key barriers of electronic health records in the Canadian healthcare system and to overcome these barriers for a successful implementation among the public and policy makers. Electronic health record is literally defined as â€Å"An aggregation of patient-centric health data that originates in the patient record system of multiple independentShow MoreRelatedEvaluating Health Informatic Systems1196 Words   |  5 PagesIt is important to evaluate any health informatics system since it operates in the complexity of a real world system with a multitude of interactions between system and human. 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These systems save time and improve the quality of information furthermoreRead MoreEvolution of Healthcare Informatics893 Words   |  4 Pagesthe concept of healthcare informatics has emerged to enable nurses, physicians, pharmacists, and other healthcare providers to efficiently gather crucial data and make accurate interpretations to effect positive patient outcomes (Hebda Czar, 2009). Today, a growing consensus has developed among providers and patients alike which holds that health information management (HIM) professionals are facing an unprecedented opportunity to help shape the future, not on ly of health information management,

Three Faces of Psychology free essay sample

There is a psychoanalyst (P), a behaviorist (B), and a humanist (H). Which of the psychologists is most likely to have made each of the following statements? ( H )1. I think people in our profession should put more effort into trying to understand mentally healthy people and prosocial behavior. ( P )2. Aggression is a human instinct. Society can control it to some extent, but we will never eliminate aggressive behavior. ( H ) 3. Your student may be under a lot of pressure from his parents, but that is no excuse for cheating. We are responsible for what we do. ( B )4. If you want to understand why she did it, look to the environment for clues instead of at inferred internal forces such as impulses and motives. ( P )5. We humans are products of evolutionary forces that have preserved selfishness, pleasure-seeking, and a tendency to deceive ourselves. ( H )6. It doesn’t seem to me that you need to dig into a person’s past in order to understand the person’s current problems and concerns. We will write a custom essay sample on Three Faces of Psychology or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page B ) 7. There aren’t any values inherent in human nature. Values are acquired in the same way we learn to say â€Å"please† and â€Å"thank you. † ( P )8. If we wanted to improve the character of people in our society, we would need to start when they are very young. By the time a kid is five years old, it’s probably too late. ( B )9. You may think your choice of chili and ice cream for lunch was freely made, but your perception of free choice is an illusion. Choosing chili and ice cream is predictable from the consequences of past behavior. H )10. General laws of behavior and experience that apply to all people are not very helpful if you want to understand a particular individual. ( P ) 11. You say people are inherently good, and he says they are inherently pretty bad. I don’t think people are inherently either good or bad. ( P )12. The sex drive is with us at birth. People just don’t want to believe that infants get sexual pleasure from sucking and exploring anything they get in their hands with their mouths.