Academic essay writing tips
Stats Online Tutor
Wednesday, April 1, 2020
Why Students May Want to Take A.C Chemistry Courses
Why Students May Want to Take A.C Chemistry CoursesInterested in a career as an A.C Chemistry instructor? An A.C. Chemistry course is usually held in a classroom, but students may also take online courses.If you are looking for an A.C. Chemistry teacher, you may be looking to be a parent, spouse, or relative. A.C. Chemistry, generally known as A.C. Chemistry or A.C. Chemistry Preparation, is a course that prepares students for different careers in chemistry.The course is taught to students who are already working in careers in science. These students will be able to brush up on their skills for their particular career field. Students will be able to improve their knowledge of the chemicals used in various fields. They will also be able to apply the skills they learned from their current job, to a more important position in their field.It is not only those students who are already in the field of science that are able to take this course. Other students can take the course if they wan t to learn more about the world of chemistry. They may be working with people who already have a degree in chemistry, but do not have any job experience. For them, taking the A.C. Chemistry courses is the best way to get started in the world of chemistry.The A.C. Chemistry course offers an open door policy for career development. If you feel that you would like to move into a more difficult and advanced career field in chemistry, you may be able to do so by taking the A.C. Chemistry courses.There are A.C. Chemistry courses in each grade level. Some students choose to take the basic A.C. Chemistry courses, which they are able to take in college.Many of the open courses are taught by experienced faculty members from colleges and universities. They have many years of experience in their particular career field. They are always willing to help those students who need advice or guidance. They can give you the information that you need to start a career in chemistry.You may find yourself having a great experience when you take this course. This may lead you to a new career, or it may lead you to a different job. After you have completed your A.C. Chemistry courses, you may find that you will be better off than when you started.
Saturday, March 21, 2020
Atlanta Tutoring - Making Your Childs Education Great
Atlanta Tutoring - Making Your Child's Education GreatAtlanta Georgia tutoring is a great way to help students in every age, level and class level. The summer is a very busy time of the year for those students that need tutoring but the school year does not end until the following September.Many college students may want to take classes in the evenings and on weekends and some will have to take a course that requires taking the night classes. Parents are concerned about the safety of their children during the summer because it is not uncommon for college students to do drugs and drink while they are away from home. You will be glad to know that tutoring in Atlanta will enable your child to study properly at night without having to worry about these issues.Many international students are apprehensive about going back to school in the fall because they may have forgotten all the necessary information that they needed. Atlanta tutoring has a reputation of helping them get the most out o f their college experience. Parents are also supportive and happy to know that their children will be doing well in their classes and have a chance to get a good job once they return to school. The cost of tuition and a student's transportation to and from the college is eliminated because tutors will be in your child's tutoring needs.Atlanta tutoring is an excellent option for students in any race, religion or ethnicity. The tutors are all certified teachers and each one of them knows how to teach students of various ages.Atlanta tutoring services are available throughout the year and the staff is always eager to meet with students to discuss any concerns or questions they may have. Most classes include worksheets, tests, exams and sometimes even homework assignments.You can find tutors in a variety of different classes that are taught by highly experienced tutors. You can find tutors at every grade level from pre-school through college, including social studies and history. Studen ts of all different ethnicities can benefit from the tutoring services.Atlanta tutoring is a very reliable way to provide your child with the best education possible. They will make sure that your child gets all the help he or she needs. You will be happy to know that you will never have to worry about the safety of your child when he or she is studying.
Friday, March 6, 2020
Should I Go To Loyola University Chicago
Should I Go To Loyola University Chicago The tutors behind Varsity Tutors are not just here to teach theyre sharing their college experiences as well. Ashley is a Milwaukee tutor specializing in Chemistry tutoring, Algebra tutoring, Biology tutoring, and more. She is a 2013 graduate of Loyola University Chicago with a Bachelors degree in Biology. See what she had to say about her school: VT: Describe the campus setting and transportation options.How urban or safe is the campus?Are there buses or do you need a car/bike? Ashley: Loyola University Chicago is lucky to have two beautiful campuses in the Chicagoland area. The Water Tower campus is in the heart of Chicago, just off Michigan Avenue and a block west of the famous Water Tower building. The Lake Shore campus is located close to Lake Michigan in Rogers Park. Transportation between both campuses is available in the form of a CTA Ventra pass, which is provided to students to take the bus or train. Loyola also provides a shuttle service that runs between campuses every 20 minutes. Its easy and convenient to get wherever you need to go. When traveling late, I recommend students take the shuttle because you never know what public transportation may present in a city. Loyola also has plenty of bike racks, so upperclassmen have the opportunity to live farther from campus and ride their bikes if they choose. VT:How available are the professors, academic advisers, and teaching assistants? Ashley: My experience at Loyola showed me that all academic staff - and even those involved in other roles - are there to help students succeed. Professors usually schedule office hours for students to come and ask questions, but they are always available to schedule an appointment to meet with students. My advice: go to office hours and build those relationships with your teachers. It makes the college experience so much better! Academic advisers are available for the students with many walk-in hours throughout the week. They additionally have individual appointments students can book. Each freshman is assigned a first and second year adviser, and then a new adviser is assigned your junior year according to your major. It is really easy to get an appointment-- all you need to do is call. VT: How would you describe the dorm life rooms, dining options, location, socialization opportunities with other students? Ashley: Loyola has recently built many new eco-friendly dorms on campus, as well as new dining halls. As a freshman and sophomore, you are required to live on campus. I loved this experience because you are so close to your classes, dining options, and the friends you will call family. Many of the dorms on campus have private bathrooms and beautiful views of the Chicago skyline or Lake Michigan. Nearly all sophomore dorms are apartment-style living, complete with bedroom, kitchen, and bathroom. Every student living in the dorms is required to have a meal plan or a declining balance to be used at the dining halls or small university shops. There are tons of socialization opportunities for students starting from the moment they arrive on campus. Welcome Week starts with lots of on campus activities and opportunities to explore great tourist sites in Chicago. After this week, many dorm floors host events for residents to bond and get to know each other better. The multitude of student organizations is displayed at an organization fair for students to get involved in as many as they would like. The Department of Programming provides many weeknight and weekend activities for students to participate in, including Wednesday and Friday night movies of new releases that are not yet out on DVD! Loyola also has a rapidly growing Greek community, with sororities and fraternities that host many social and community service events. Any building you enter at Loyola has screens displaying new upcoming events and opportunities to get involved. Loyola provides students with a great community to make friends, get involved, and be succes sful. VT: Which majors/programs are best represented and supported?What did you study and why? Did the university do a good job supporting your particular area of study? Ashley: Loyola supports all of its majors with outstanding teachers and a great Core Curriculum. In my opinion, Loyola is known for its sciences, nursing, business, and political science preparation for law school. However, I never encountered a student that seemed unhappy with his or her major and program. The Core Curriculum helps build a well-rounded student and does not get in the way of completing your major. Also, Loyola is a Jesuit institution, but I feel it necessary to say that they do not require you to follow their religious beliefs. They allow many opportunities for students of all religions to feel comfortable and able to practice their beliefs. I studied Biology with a Molecular Emphasis and Chemistry because I love science and am passionate about using it to help others. The university greatly supported my studies by providing me with the opportunity to build a degree by taking courses I was interested in. They have a great tutoring program that is free for students who may need a little assistance, and I highly recommend the center. The laboratory facilities in the biology department are like new. Loyola also gives students many opportunities to participate in research with professors. My research included studying the parasite that causes malaria. VT: How easy or difficult was it for you to meet people and make friends as a freshman? Does Greek life play a significant role in the campus social life? Ashley: As a freshman, it was very easy to make friends with floormates and the people others may know. Loyola allows you to build a large network very quickly and has many activities and retreats to allow students to do so. The campus is the right size where you will see familiar faces walking to class, but not too small where you know everyone. Loyola has a rapidly growing Greek system. I participated in a Panhellenic Sorority and it was one of the best decisions I made. Through my sorority, I was able to obtain many leadership positions, meet many students in all grades both inside and out of the Greek community, and interact with many more faculty and staff. At Loyola, I would say that you do not have to be in Greek life to make friends and have the college experience you want. I am a little biased when I say I would recommend it because you gain so much more from the experience than just life-long friends. VT: How helpful is the Career Centerand other student support services?Do many reputable companies recruit on campus? Ashley: The Career Center is extremely helpful to students who want to figure out what career they want, to build a resume, and help in the job search. Again, all you need to do is make an appointment or visit walk-in hours. They host many job fairs throughout the year and have an online job researching website for Loyola students and alumni only. Even now, the Career Center still sends out emails to alumni to ask about their success and continue to help in the job searching process. VT: How are the various study areas such aslibraries, the student union, and dorm lounges? Are they over-crowded, easily available, spacious? Ashley: The Information Commons and Library are the most breathtaking buildings on campus. They sit right on the lake and are connected to one another. They provide the students with access to computers, books, and tons of study space and private study rooms. Only during finals week does the library get a little crowded, but that would be the case for any school when students may feel the need to cram. Dont cram! But I never had an issue finding a place to study. All throughout campus there are lots of nooks and crannies with study tables or comfy chairs with a lake view. Its very peaceful and a great experience when you explore campus and find your favorite place to study. If venturing outside your dorm is not for you, many buildings have a lounge on each floor with tables and chairs for students. Loyola also just opened its brand new student union. It is a three-story building with more study space, a dining hall and quick food court, and it even connects to the gym, which now has a newly built rock-climbing wall. I wish this building would have been open longer for my use, but I know that any student entering Loyola now will absolutely love this place! VT: Describe the surrounding town. What kinds of outside establishments / things to do are there that make it fun, boring, or somewhere in between?To what extent do students go to the downtown area of the city versus staying near campus? Ashley: Surrounding the Lake Shore campus is the diverse area of Rogers Park/Edgewater. This section of town has fun restaurants for students to explore. However, many students take advantage of having all of Chicago at their fingertips. Many students venture into the city for meals, to visit a park, or to catch a baseball game. Since the Water Tower campus is located on Michigan Avenue, many students take the shuttle for shopping, to go to the beach, or visit a museum. Needless to say, there is always something to do at Loyola. Chicago has many free activities, as well, so exploring the city wont totally break a students budget if they dont have the funds. VT: How big or small is the student body? Were you generally pleased or displeased with the typical class sizes? Ashley: The student body is about the size of a medium university. Loyola is a private, Jesuit institution, so it is not the size of a state school. Class sizes are fairly small with the large lectures only having about 100 students. Note that large class size only applies to general classes such as Biology 101. However, even with this large class size, a small discussion group accompanied it, which allowed the teacher to meet with smaller portions of the class at different times. Most of Loyolas classes actually range in size from 20-40 students. I felt that through my classroom experience, teachers were able to know my name and about the way I succeeded academically. It was nice to be able to have a smaller class size and build my relationships with professors, which helped later for career advice and letters of recommendation. I loved my classroom experience at Loyola and never felt like another ID number or lost in the shuffle. VT: Describe one memorable experience with a professor and/or class. Perhaps one you loved the most or one youregretthe most. Ashley: My most memorable experience was with my Immunology teacher. I had this professor two years prior to this class and was not expecting him to remember me. On the first day of class, he took attendance and read my name, then said, Ashley, Im glad to have you in my class again. Class proceeded, and he claimed this would be one of the hardest classes we have ever taken (which it was). But this teacher connected with the class on an individual level in lecture and lab and made us passionate and excited about the subject. I passed the class with flying colors, and I owe all my work to this professor. He was available for students whenever they needed him, and he challenged us in ways that greatly improved my critical thinking skills. I am so glad to have had this professor and so thankful for the education and life skills he gave me. Check out Ashleys tutoring profile. The views expressed in this article do not necessarily represent the views of Varsity Tutors.
Thursday, March 5, 2020
Best Economics A Level Revision Materials
Best Economics A Level Revision Materials What Revision Materials are Available for A-Levels Economics? ChaptersThe Best Economics Revision Study TipsThe Best Economics Revision MaterialsRevising A-Level Economics with a Private TutorRecently, a man in Los Angeles was fired... by the businessâ computer system.Nobody knows exactly why the system deemed him suddenly unworthy of employment at that firm.It is postulated that the manager who hired him had been made redundant through changes in the companyâs corporate structure.The computer system thus saw every employee that manager had hired as superfluous as well.It proceeded to throw up a series of blocks and disablements, from access badges for the buildingâs security system to computer logins, culminating in an AI-constructed order to escort that hapless employee from the building.This mildly frightening but very real scenario underscores two points this article would like to drive home:1. Artificial intelligence is logical in the extreme, but not sensible and not always correct.2. If artificial intelligence really were that smar t, we would not need economists â" computers would figure everything out for us: economic equilibrium, demand and supply graphs, and the comparative advantage of trading with this country or that one.Fortunately, nobody demands that students preparing to sit A-Levels in Economics possess extraordinary knowledge about the world economy, macroeconomics or microeconomics.However, you should have sufficient knowledge of economic systems, and it would help if you knew what was on the A-Levels economics syllabus!Still, knowing what to study is really only half of the battle: knowing how to study is equally important!We will lead this article off with that oft-overlooked aspect of revising for a major exam.Check out some good reasons for studying A Level Economics.Quizlet study sets.This is an interactive learning tool that promotes the use of flashcards as well as games and quizzes to help you diversify your learning.One final piece of study advice...You may enjoy expounding on economic theories more than the maths and statistics that are fundamental features of your studies, and there is nothing wrong with that.The social science aspect is a pertinent reason to study economics, after all!Nevertheless, you should devote sufficient time to mathematical modelling, as it is an integral part of the study of economics.Alternating between mathematics and economic principles will give your studies a satisfactory rhythm that will make the more unsavoury topics more palatable.Alternating between aspects of economic studies can help prevent burnout Source: Pixabay Credit: KalhhThe Best Economics Revision MaterialsThe species of artificial intelligence that terminated the bewildered worker in Los Angeles could be portrayed as sinister and malevolent.Conversely, the vast collection of information available to you via the Internet might be considered positively munificent.At the end of this article, you will find a table with an expanded list of websites that provide in-depth economics study tools.For now, we present highlights of select pages that will hopefully advance and expand your knowledge base of supply and demand, of wealth and inequality; of economic theory in general.The Student RoomIf you already have an account with The Student Room, you may have already run across their page of economics study notes.If youâve never heard of that site â" or if you have but havenât visited it, allow us to introduce you.At the top of the page dedicated to economics exam revision, you will find select topics pertinent to your aims, primarily A-Level revision notes.You will also find links to pages that discuss:development economicsindustrial economicsmacroeconomicsmicroeconomicsmarket failureThe bottom half of the page is entirely dedicated to A-Levels review, with links to a further 41 pages to learn from.Scrolling beyond those, you will find an assortment of study tools, such as partner study, quizzes and games and, most importantly, a study planner.If y ou are more of a visual learner, preferring to see and hear explanations of applied economics rather than read about them, you will be pleased to find these next treasures of economic issues.EconplusDalThat is the name of a YouTube channel dedicated to the learning and revision of economic subject material.Each video addresses one specific economic concept or law, and they are grouped by who would benefit the most from them.For example, you would not need the set of tutorial videos meant for international baccalaureate candidates, and you might not even need to watch the ones addressing Year 1 A-Levels.The tip to using this channel most effectively is to target the videos that correspond to your level of learning.The Khan AcademyMight we call this an amplified revision tool?If you donât mind tuning your ear to an American accent, you may find an abundance of review material at the Khan Academy.The basis of this learning tool is videos, but the site goes further, to provide every l earner with reinforcement exercises, quizzes and even a question and answer utility.You can ask a question yourself, or read questions from other students, along with tutorsâ responses.If you are struggling with calculus, statistical models and the higher level math associated with the study of economics, you might review Khanâs pages addressing those subjects, as well.Bear in mind that this site is based in America, meaning that the video titles correspond to that countryâs education system. You may have to fish around a bit to find the maths and economics topics you seek for the level you've attained.Perhaps you need more interaction than posting on a message board and hoping/waiting for a reply. Maybe youâd like to review with a person who has studied economics...Some A-levels economics students seek out the guidance of a private tutor Source: Pixabay Credit: Nrjfalcon1Revising A-Level Economics with a Private TutorIt is not unreasonable to want to bounce ideas around wit h a person knowledgeable in your subject matter, such as an economics tutor online or someone who is more advanced in his/her economics studies.You may contact tutoring agencies in your city to retain an economics tutors, or you might prefer engaging an undergraduate or someone who just graduated university â" someone who remembers the stress of sitting the exam you are preparing for.Perhaps one of the greatest benefits of revising with a university student is that s/he may still have review materials used for his own ordeal, and the fact that the age gap would not be so great.Also, their fees may be lower!Conversely, an established london economics tutor (but not limited to London) brings years of experience to the table, along with any materials they have gathered throughout their tenure.They also have a pretty good idea of what it takes to score successfully on A-Levels.Superprof Economics tutors are ready to take you on, in person (in select cities) or via webcam.Whereas you might turn away from tutoring agencies due to sticker shock, you may be pleasantly surprised at the affordability of a Superprof tutor!In all cases, a tutor can help you stay motivated, offer different perspectives on aspects of economics that you just donât understand and, above all, help keep you to a healthy revision schedule! If you want a level economics help, they will be able to assist.While you hunt for your ideal tutor, you may also want to look into these revision sites...Site NameWeb AddressContents summaryCostThe Economics Networkhttp://www.economicsnetwork.ac.uk/links/othertl.htmA compilation of video, audio and text related to economics studyfreeOA Level Noteshttp://www.oalevelnotes.com/economics-as-and-a-level-notes/A miscellaneous collection of notes for reviewfreeTutor 2 Uhttps://www.tutor2u.net/economicsHalfway down the page: flashcards and select essays to reviewBetween £5 - 14 per itemCambridge Noteshttps://www.oxbridgenotes.co.uk/t/economicsAn assortment of e conomics-related papersStarting at £16.95Good luck!
Remarkable Website - Our Best Math Tutor Will Help You Get There
Remarkable Website - Our Best Math Tutor Will Help You Get There 0SHARESShare Tutor Pace, a USA based online tutoring website that provides online tutoring support and homework helps for all subjects and topics making teachers and students get connected virtually. Our expert tutors provide personalized attention to each student and also share one-to-one environment. It is reasonably cheaper alternative than private tutors as you get 24/7 online tutoring helps and customer support. Our Online Math Tutor helps you solve all your math problems, simple to complex making you realize that Mathematics is no more a challenge. Online tutor for math helps you solve all your uncertainties and doubts whether it is algebra, calculus, statistics or trigonometry. You just need to enroll and after finalizing a tutor using a list of tutor profiles, you can start a session with your favorite tutor. To get familiarize with online tutoring, you can also get a free demo session while the registered students can always record their sessions for future review. Our expert tutors provide step by step explanations thereby minimizing your stress to solve a problem. All students either of primary grade or high school can get the help for test preparation, homework or any kind of doubt. Services are provided 24/7 and can be accessed from anywhere. So, now if you get stuck with a doubt or a problem, just log on to your account, use on-demand feature and get the solution from an expert tutor without any delay. Students can also book a session in advance by using our friendly scheduling software with an interactive calendar. Our best math tutor allow sharing of interactive whiteboard, live chat session and can watch the videos at home. So, use a math online tutor to preparing for the test, completing the homework and start getting remarkable grades. [starbox id=admin]
Online Science Tutor
Online Science Tutor Tutor Pace Gives You the Edge in Your Science Studies Sometimes Science just seems like a secret language only a few people know. Tutor Pace online science tutor can help you decode the mysteries of Science and become fluent in its code. Science seeks to understand the material world by creating and testing hypotheses using the scientific method.The Scientific Method is what guides all experimentation in the sciences and allows for consistent results which gives scientists a better understand the natural world. What comprises the Scientific Method? Hypothesis: When a scientific idea is first put forward, before any experiments have been performed, it is called a hypothesis Experimental Data: A test is then created to test the hypothesis. The measured results of various experiments are recorded as data. Theory: Once an experiment has been performed enough times with consistent results, scientists can create predictions as to how future experiments will result. New experiments are required for testing of hypothesis. When the results of a large number of such experiments have been successfully predicted by the hypothesis, it becomes a theory. Law: A statement of regularity based on experimental data is called a law. We offer personalized, online science tutoring in whatever subject is vexing you. We cover: Online Science Tutor Tutor Pace Gives You the Edge in Your Science Studies Sometimes Science just seems like a secret language only a few people know. Tutor Pace online science tutor can help you decode the mysteries of Science and become fluent in its code. Science seeks to understand the material world by creating and testing hypotheses using the scientific method.The Scientific Method is what guides all experimentation in the sciences and allows for consistent results which gives scientists a better understand the natural world. What comprises the Scientific Method? Hypothesis: When a scientific idea is first put forward, before any experiments have been performed, it is called a hypothesis Experimental Data: A test is then created to test the hypothesis. The measured results of various experiments are recorded as data. Theory: Once an experiment has been performed enough times with consistent results, scientists can create predictions as to how future experiments will result. New experiments are required for testing of hypothesis. When the results of a large number of such experiments have been successfully predicted by the hypothesis, it becomes a theory. Law: A statement of regularity based on experimental data is called a law. We offer personalized, online science tutoring in whatever subject is vexing you. We cover:
The Great Depression
The Great Depression What Caused The Great Depression? ChaptersThe Run-UpDepression: the Immediate Aftermath of the Market CrashThe Great Depressionâs Effects Around the WorldWhat Happened in Our Land?Generally, when talking about the Great Depression, people tend to see it as an American economic event when, in fact, it affected many countries. Actually, several countries suffered the depressionâs aftereffects long after America had more or less recovered!Thatâs not to say that the American Stock Market crash of 1929 was directly responsible for individual countriesâ long-term economic woes but that event was, at the least, the catalyst that led to that global economic downturn.Today, when one hears that term, thoughts of 2008 bring shudders.As worrisome and impactful as that recent event was, it doesnât compare in magnitude to the economic disaster of nearly a century ago.Let us now explore what caused this epic event, how it echoed around the world and affected our grandparents.aggregate expenditure led to lower income and g reater unemployment â" an unsustainable economic scenario.2. The Monetarist stance pins the start of the Great Depression on the banking crisis that caused one-third of American banks to disappear overnight.Both of these theories place the lionâs share of the blame squarely on the Federal Reserve.The Federal Reserve, the United Statesâ central banking system, had only been established some 16 years prior to the 1929 event, ironically as a result of a series of similar â" but not so serious financial panics.Nevertheless, even with this magnificent economic collapse in sight, The Fed neither lowered interest rates nor did they increase cash circulation.The net result was a country-wide panic. Investors, speculators and anyone who any money in the bank rushed to withdraw it before it could disappear.Lessons learned: that is why, during the 2008-09 downturn, the American government flooded the market with bailouts and lowered interest rates!That rush rippled onto the larger stage of national finance: with everyone hoping to sell their shares of stock and nobody buying anything, the market could do nothing but crash.In a general consensus today, every economist agrees with either the Keynesian or Monetarist view. However, there are other schools of thought, one of which in particular bears mentioning.Although America did not actively get involved with World War I until the last year, its economy saw a boom by supporting the war effort â" even more so when Americans finally joined in the fighting.In the years immediately after, the country enjoyed great leaps in engineering and innovation: Henry Fordâa Model A was cheap enough for even poor people to afford one, albeit on credit. Whirlpool marketed the first washing machine and, in 1918, William Durant started mass-producing refrigerators for the home.All of these modern conveniences were well with the reach of most households and the economy hummed along as consumers bought and bought.The only trouble was that cars, washers, and refrigerators are considered durable goods: they donât wear out quickly or need to be replaced very often.Unfortunately, speculation at that time did not involve consideration of what would happen once every household had a car, a fridge, and a washer; that people would simply stop buying â" causing factories to over-produce, a lethal combination that would bring the economy to a screeching halt.The fact that stock prices started falling in early September, well ahead of the actual stock market crash in late October lends credence to this theory.It is called the Austrian School; a school of economic thought that posits that individuals are largely responsible for such social phenomena.No matter which theory you subscribe to â" or if you contend that there is truth in all three, the Federal Reserve bears the brunt of the responsibility for Black Tuesday.A run on the bank in New York in the first days of the depression. Source: WikipediaDepression: the Imme diate Aftermath of the Market CrashThe Stock Market crash of 1929 marked the start of a ten-year stretch of extreme poverty in the US.Unemployment hovered at around 30% and even farms felt the pinch: who would buy wholesale meat and grain when nobody had any money?And, as the depression circle the globe, other countries had to abandon formerly beneficial trade agreements to contain their own financial disasters.American agriculture was further stymied by the dust bowl conditions that plagued the nationâs heartland. The richest, most fertile soil had been reduced to dust by years of poor farming practices and severe drought.As we saw in the run-up to the 2008 event, economic activity that heralded the Great Depression included generous loans based on optimistic speculation.By the early 1930s, farmers, including those in the dust bowl region, could no longer meet their loan obligations, meaning that, one by one, banks started to fold, another reason for the aforementioned run on the banks.Politically, President Herbert Hoover quickly fell out of favour because the hungry, desperate population believed he was not doing enough to turn things around. Franklin Roosevelt won the 1932 presidential election in a landslide victory.Immediately he set to work restoring the economy through stimulus packages aimed at banks and major industries. With his New Deal, he put the country back to work: building roads, monuments, and city parks.All across the country, you could see the men of the Civilian Conservation Corps, rebuilding America one stone and shovelful at a time.President Roosevelt didnât just turn the economy around with his three Rs; he gave his citizens a sense of pride and purpose.How were other countries faring during that time?The Great Depressionâs Effects Around the WorldTo one extent or the other, every country around the world, rich or poor felt the effects of Americaâs financial fall.Except for Russia. At that time the globe's only truly communist country, it relied little on foreign economies. However, it was happy to welcome immigrants from Germany and Finland, who helped industrialise the Soviet Union.Bear in mind that Russia had just recovered from its civil war, an outgrowth of the Russian Revolution that brought Lenin to power.The Depression so rattled Germany that the Weimar Republic could not meet its debt repayment obligations incurred by World War I. The situation was compounded by America withdrawing its financial support.That, coupled with social turmoil stirred by rising Nazi sentiment led to German banksâ collapse. They lost millions in currency just within the first two weeks of June 1931.President Hooverâs call to suspend Germanyâs debt payments did not sit well with France, a country that, on the whole, was weathering the downturn fairly well â" in part thanks to Germanyâs payments.Between suspending the war payments and emergency funding from private banks, among them the Bank of England, Germany was eventually able to pull itself out of its economic crisis, but not before the it extended to Romania and Hungary.In the absence of speculation and trade with Europe, America attempted to stem its financial haemorrhage while simultaneously unloading over-produced goods and agricultural products by trying to sell them to European countries.However, the Fordney-McCumber Tariff Act of 1922 put a hefty duty on agricultural products that was meant to protect the American economy had the reverse effect: European trading partners levied tariffs of their own that America could not meet.As a result of what America perceived as retaliatory tariffs, the Smoot-Hawley Tariff became law in 1930, kicking off a trade war which prolonged the Great Depression in that country.Thus at a stalemate, American farmers and, on a bigger scale the American economy took far longer to recover economically than European countries, whose agricultural sector had by then recovered enough to produce sufficient f ood for their citizens.Food was a matter of contention for colonists in early America; it was but one reason for the American Revolution!More than 2 million workers found themselves suddenly unemployed when the Great Depression hit the UK Source: Wikipedia Credit: BundesarchivWhat Happened in Our Land?Manchester, Liverpool; coal districts and all of the northern industrialised regions were hardest hit by the global economic depression, feeling its effects nearly instantaneously.Unemployment more than doubled by the end of 1929 while in the northeastern regions, those figures reached 70% due to the shipbuilding industryâs virtual collapse in 1932-33.Critically, the Labour government, led by Ramsey McDonald, agreed with the May Report that a budget deficit must be avoided at all costs. In spite of more than 3 million unemployed workers and about half of the citizenry depending on the dole, his government raised taxes and cut unemployment benefits by 20%.Out of work and out of money, the people took to the streets: the 1932 National Hunger March was the first in a series of such demonstrations that ultimately forced the governmentâs hand into setting up work camps so that men could once again earn their living.One more event impacted the severity of Britainâs great Slump and the global Depression: the abandonment of the gold standard.Economists and historians assert that measuring individual currencies against the gold standard was one of the causes of the Great Depression. They further aver that abandoning that rigid standard helped bring about economic recovery. In fact, doing so was one of the famous events in world history where economics is concerned!The UK was the first to leave the gold standard; other major economies soon followed our lead.Looking back on that decisive action â" valuing currencies on international money markets rather than against how much gold each country had in reserve, proved that the sooner a nation gave up the gold standard, the sooner they recovered economically.Sandwiched between two world wars was a time of amazing industrial progress, fantastic economic growth and a stupendous amassing of personal wealth: who could blame anyone for believing such progress could trend but upward?And then, along came the perfect storm of factors:overly optimistic speculationgenerous credit termsover-production of durable goodshigh agricultural outputno banking oversightloss of confidence in institutions â" banks and the stock marketAs Americans enjoyed the Roaring Twenties, nobody saw the meltdown coming... but, for years afterwards, everyone around the world felt its effects!And, while nobody would say that the Second World War was a boon on any level, it certainly lifted the economy out of depression!
Subscribe to:
Posts (Atom)