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Showing posts from July, 2022

Origins of the Great Depression and its Conclusion

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The Great Depression was not just an American concern, it spread throughout the world rapidly, creating a worldwide economic crisis. One of the main causes of the Great Depression was the fall in total demand. As people lost money in the Stock Market Crash of 1929 and the banks began to collapse the demand for products decreased significantly. This decline could only be restored by an increase in government spending to stabilize the industries. A reason that the United States Stock Market crashed was that too many products were produced too quickly. The production succeeded the demand. One article written in 1931 states the issue that was created “We have instead the paradox that production has increased so rapidly as to bring with it poverty, unemployment, government deficits, and high taxation.”1 This quote sums up the created problem beautifully.  Some other issues contributed but the main issue was the lack of demand. After the Stock Market Crash consumers began to become uncer...

Maggie Lena Walker

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Maggie Lena Walker, 3/4 Length, Studio Portrait, Washington DC, c 1905., Maggie L Walker National Historic Site (National Parks Service, August 12, 2019), https://npgallery.nps.gov/MAWA/AssetDetail/8ecdf83c60a84551ad0c4374131d08fc. Many men are celebrated for their business accomplishments during the early twentieth century. Some fewer women are even mentioned. Maggie Lena Walker is of the even smaller group of people that did great things during this time being African American as well as a woman. She had to fight harder for her place than most others, yet she is rarely discussed. This article is a tribute to her greatness during a time when African American women were looked at as less than nothing. After the Civil War, there was not an automatic integration of the African American population. The reconstruction is viewed by many as a failure due to the events that took place. The segregation laws and what became known as the Jim Crow laws hampered the African American community’s ab...