Many banks couldn't continue to operate. ... At the time of the Great Depression, government intervention in the economy was higher than it had ever been and a special government agency had been set up specifically to prevent depressions and their associated problems, such as bank panics. This agency was the Federal Reserve Board and it was to have been the loaner of last resorts for banks in order to prevent collapses as had happened during earlier depressions. ... The two countries fought against Germany during World War II, but this alliance began to dissolve in 1...

• Word Count: 2504
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

Capitalism is an economic system where such items that can generate monetary value are owned by private businesses and corporations which trade in a 'free market' of competition. This system uses the investment of money or 'capital' to produce hefty profit for its owners and shareholders to reinvest in the system to generate a seemingly endless cycle of wealth1. It has been commentated by many that the system leads to the main body of available wealth and power in the world to be held by an elite minority. There is no query as to whether such a system exists today as that...

• Word Count: 2679
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate

World War I, a war fought to "destroy the axis of evil" and to resolve conflicts between belligerent countries, brought nothing but turmoil and numerous dilemmas to the warring nations; politically and economically. Immediately after the war, many people thought the war had made a safe environment for democracy in all countries. Peace was thought to have been restored among the world. People's views of the world were tainted and many nations began to struggle. In the years following the end of World War I, Americans found themselves in an era, known as the "Roaring Twenties," where the...

• Word Count: 2710
• Approx Pages: 11
• Grade Level: High School

The American Civil War, widely known in the United States as simply the Civil War as well as other names, was a civil war fought from 1861 to 1865 to determine the survival of the Union or independence for the Confederacy. Among the 34 states in January 1861, seven Southern slave states individually declared their secession from the United States and formed the Confederate States of America. The Confederacy, often simply called the South, grew to include eleven states, and although they claimed thirteen states and additional western territories, the Confederacy was never diplomatically recogni...

• Word Count: 6922
• Approx Pages: 28

The American Civil War, widely known in the United States as simply the Civil War as well as other names, was a civil war fought from 1861 to 1865 to determine the survival of the Union or independence for the Confederacy. Among the 34 states in January 1861, seven Southern slave states individually declared their secession from the United States and formed the Confederate States of America. The Confederacy, often simply called the South, grew to include eleven states, and although they claimed thirteen states and additional western territories, the Confederacy was never diplomatically recogni...

• Word Count: 7511
• Approx Pages: 30
• Grade Level: High School