Many people have heard of the Great Depression, but what caused this economic downturn? One of the great signifiers of the beginning was the Stock Market Crash of 1929. With that came the disaster of thousands of banks collapsing through the 1930’s. With the failure of financial institutions came a reduction in personal spending. These three factors helped bring about this awful disaster.
In the beginning came Black Tuesday 1929. That day the value of shares in the Stock Market plummeted, causing people to lose fortunes. Within two months shareholders lost nearly 40 billion dollars. With no end in sight the country braced itself for the eventual repercussions of major companies and wealthy citizens losing so much capital in such a short time.
Following the market crash came trickling effects of this disaster. Throughout the 1930’s, 9,000 banks failed. This means that any bank that overstretched itself through loans could declare bankruptcy. Any person with funds in that bank would simply lose their entire life savings. Also, people stopped investing their money in banks, and banks stopped offering loans creating a series of continued problems.
A final cause came because of this lack of personal and commercial investment. Whether because of a loss of personal finances or a lack of commercial options, people stopped buying things. Without money to buy things the market continued its downward spiral, bringing banks and personal finances with it. This lack of personal spending perpetuated the problem of dwindling market values.
In the end the causes of the Great Depression were byproducts of each other. Starting with problems of an overextended market that crashed and died quickly over a few months, the spiral began. From there the failure of banks coupled with a lack of purchasing destroyed exchanging finances. Thus the United States created and endured the greatest financial disaster of the world.
The article focuses on the causes and the effects of the Great Depression of the 1929 stating that it was the beginning of the stock market crash of 1929 names Black Tuesday 1929. The passage lists the effects stating it was the cause for stock market crash, bankruptcy of the banks and lack of personal spending. the professor supports the point of the passage by stating that the Black Tuesday 1929 led to many factors dependent on each other that caused Great depression.
Firstly, the passage describes The beginning of Black Tuesday 1929 where the stock market crashed causing people to lose fortunes. The professor in the lecture supports this point by explaining about failed jobs and high rate of unemployment at that time.
Secondly, The passage posits that There were later failure of the banking sector where banks declared their bankruptcy and people lost their life savings which led them to stop investing in the banking sector. The professor agrees with this point and states that the effect of the disaster not only affected the banking sector but also the farming industry. He mentions the term that the financial draught swept the farming industry.
Thirdly, the article describes the lack of personal and commercial investments where because of the loss of personal finances and lock of commercial options, people stopped buying things. The professor in the lecture supports the point by stating that the Great Depression further occurred due to poor foreign policies and the high rate of import duties that was induced on imported goods. The United States of America encouraged national level purchasing but that was too little to balance the economy.
The crux of the entire passage and the professor is, after the Black Tuesday 1929, once factor led to another and caused the Great Depression- United States created and endured the greatest financial disaster of the world.
Grammar and spelling errors:
Line 1, column 315, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: The
...he banks and lack of personal spending. the professor supports the point of the pas...
^^^
Line 9, column 1, Rule ID: ENGLISH_WORD_REPEAT_BEGINNING_RULE
Message: Three successive sentences begin with the same word. Reword the sentence or use a thesaurus to find a synonym.
... too little to balance the economy. The crux of the entire passage and the prof...
^^^
Transition Words or Phrases used:
also, but, first, firstly, if, second, secondly, so, third, thirdly, as to
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 6.0 10.4613686534 57% => More to be verbs wanted.
Auxiliary verbs: 0.0 5.04856512141 0% => OK
Conjunction : 13.0 7.30242825607 178% => OK
Relative clauses : 14.0 12.0772626932 116% => OK
Pronoun: 18.0 22.412803532 80% => OK
Preposition: 38.0 30.3222958057 125% => OK
Nominalization: 2.0 5.01324503311 40% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1600.0 1373.03311258 117% => OK
No of words: 312.0 270.72406181 115% => OK
Chars per words: 5.12820512821 5.08290768461 101% => OK
Fourth root words length: 4.20279927342 4.04702891845 104% => OK
Word Length SD: 2.35660416043 2.5805825403 91% => OK
Unique words: 147.0 145.348785872 101% => OK
Unique words percentage: 0.471153846154 0.540411800872 87% => More unique words wanted or less content wanted.
syllable_count: 460.8 419.366225166 110% => OK
avg_syllables_per_word: 1.5 1.55342163355 97% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 3.25607064018 31% => OK
Article: 11.0 8.23620309051 134% => OK
Subordination: 1.0 1.25165562914 80% => OK
Conjunction: 0.0 1.51434878587 0% => OK
Preposition: 1.0 2.5761589404 39% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 12.0 13.0662251656 92% => OK
Sentence length: 26.0 21.2450331126 122% => The Avg. Sentence Length is relatively long.
Sentence length SD: 42.2400547138 49.2860985944 86% => OK
Chars per sentence: 133.333333333 110.228320801 121% => OK
Words per sentence: 26.0 21.698381199 120% => OK
Discourse Markers: 6.16666666667 7.06452816374 87% => OK
Paragraphs: 5.0 4.09492273731 122% => OK
Language errors: 2.0 4.19205298013 48% => OK
Sentences with positive sentiment : 3.0 4.33554083885 69% => OK
Sentences with negative sentiment : 8.0 4.45695364238 179% => OK
Sentences with neutral sentiment: 1.0 4.27373068433 23% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.246670412986 0.272083759551 91% => OK
Sentence topic coherence: 0.0980639386362 0.0996497079465 98% => OK
Sentence topic coherence SD: 0.078810772133 0.0662205650399 119% => OK
Paragraph topic coherence: 0.138346965674 0.162205337803 85% => OK
Paragraph topic coherence SD: 0.0777325195031 0.0443174109184 175% => OK
Essay readability:
automated_readability_index: 15.7 13.3589403974 118% => OK
flesch_reading_ease: 53.55 53.8541721854 99% => OK
smog_index: 3.1 5.55761589404 56% => Smog_index is low.
flesch_kincaid_grade: 12.3 11.0289183223 112% => OK
coleman_liau_index: 12.77 12.2367328918 104% => OK
dale_chall_readability_score: 8.27 8.42419426049 98% => OK
difficult_words: 66.0 63.6247240618 104% => OK
linsear_write_formula: 12.5 10.7273730684 117% => OK
gunning_fog: 12.4 10.498013245 118% => OK
text_standard: 13.0 11.2008830022 116% => OK
What are above readability scores?
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Rates: 73.3333333333 out of 100
Scores by essay e-grader: 22.0 Out of 30
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.