The Great Depression

                    The Great Depression was the worst economic downturn in the history of the industrialized World, lasting from 1929-1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country's banks had failed. 
                    Throughout the 1920's, the U.S. economy expanded  rapidly, and the nation's total wealth more than doubled between the 1920 and 1929, a period dubbed "the Roaring Twenties". As consumer spending slowed and unsold goods began to pile up, depression started. On October 24, 1929, as nervous investors began selling over priced shares on masses the stock market crash that some have feared happened at last. A record 12.9 millions shares were traded that day known as "Black Thursday". Five days later on October 29 or "Black Tuesday" some 16 million shares were traded after another wave of panic swept Wall Street.
                    The country's industrial production had dropped by half. Bread lines, soup kitchens and rising numbers of homeless people increases. During that period, Democrat Franklin D Roosevelt won an overwhelming victory in the presidential election. The Great Depression had ended at last, and the United States turned its attention to the global conflict of World War II.

Comments

Post a Comment

Popular posts from this blog

Aims and objectives of English language teaching

             Introduction " The study of language is the foundation of all other learning. Language defines us as human. To be human is to use language and to talk is to be a person". Language is a medium of communication. English is a powerful vehicle of communication serves as a link language in a multicultural and multilingual society like India and also as a global linguistic mediator. Prof. Jacob Tharu says " English is no longer some remote but a powerful mystery, lying hidden in the world of textbooks in examination ".    Aims of English language teaching     in India In India now English exist as a second language and the aim of teaching English in India is to help students to acquire practical command on English. "Thomson and Wyatt said that Indian students should not only understand English when it is spoken or written but also should be able to speak and write it". Thomson and Wyatt has told the four specific aims of teaching Eng
Read more

Coleridge Fancy and Imagination

          Introduction The Biographia Literaria an autobiography in discourse by Samuel Taylor Coleridge, which he published in 1817. It was one of Coleridge's main critical studies. In this work, he discussed the elements of writing. The work is long and seemingly loosely structured, and although there are autobiographical elements, it is not a straightforward autobiography. Although the work is not written from Coleridge's poetic mind it is still written with the qualities and rhythm of the poetic. Through this discussion, he makes many value judgements, leaving his audience with a clear understand of his stance on certain issues. Some of the issues he tackles include politics, religion, social values and human identity. He expresses his own thoughts from a personal viewpoint.            Imagination Imagination in its real sense denotes the working of poetic minds upon external objects or objects visible to the eyes. Imaginative process sometimes adds additional
Read more

W. B. Yeats as a modern poet

                    Introduction William Yeats is often considered to be the 'last romantic' as opposed to being the founding father of modern poetry. Yet one can not simply place Yeats into just one mould, one rigid and defined style of poetry because as a writer during both periods of Romanticism and Modernism, Yeats straddles the line between the two periods and incorporates 'romantic ideologies' into his modern work. His poems seen as the examples of modern liyerature. In his poems, we found astounding variety, political note, realism, religion, mysticism and so on. And all these matters have made him a true modern poet. By nature he was a dreamer, a thinker,who fell under the spell of the folklore and the superstitions of the Irish peasantry. He is a prominent poet in modern times for his sense of moral wholeness of humanity and history.             Elements of Mysticism Yeats may be credited primary with the owner of contributing the elements of myst
Read more