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Economic Theories and The Great Depression

John Maynard Keynes proposed a theory that is called the Keynesian Economic Theory. Keynes blamed the Stock Market Crash of 1929, which led to the Great Depression, on several vital factors. However, Keynes failed to consider that people could not go forward using his method of keeping the United States out of the Great Depression. This article will examine his economic theory and how it would fail to work during this period. Keynes would blame the Stock Market Crash of 1929 and the Great Depression that followed on several things. First, he would blame the lack of spending by households, businesses, and the United States government as the reason the Stock Market Crash became the Great Depression. According to Keynes, the lack of spending means that a person is saving rather than putting their money back into the market due to that person's understanding of the needs of themselves and their families (2022. p. 129). Yet, the Stock Market Crash of 1929 and the years that emanated aft

Charles Clinton Spaulding: African American and Economic Influencer of the 1920s in the South

Some significant people were economic influencers during the years 1900-1929. Charles Clinton Spaulding is one such individual who influenced the economic time during this period. The interesting fact about Spaulding is that he was an African American living in the South. Now, if one looks at this period, one can surmise the troubles African Americans had in the South during this period. Spaulding would significantly influence the local economy during his time and into the future. Spaulding was a successful African American businessman in the South when it took a lot of work for most African Americans to move forward and be successful. This article will examine Spaulding and his influence on people and the economy. Charles Clinton Spaulding was born in North Carolina on August 1, 1874. This is where he would live his life. Here, Spaulding would gain employment and work his way up to heading a company. This man's accomplishments during an era where racism was rampant are extraordina

Economic Growth Between the North and the South in Postbellum America

The North and the South of the United States experienced significantly different economic growth during the Postbellum years. First, we must remember the past, including the  Antebellum and Civil War years. Looking at the past, one can see the growth and changes in both regions' economies during the Postbellum years. The economy during the Antebellum years was waning in the South. This continued into some postbellum years, except that the South’s economy was changing for the better in the latter years. The North’s economy was mainly industrial, and before the Civil War, this area's economy was doing well. However, the South was primarily agricultural, and before the Civil War, the South’s economy faltered. Pessen states, “The South nevertheless lagged far behind the Northeast in manufacturing; one influential school of historians has described the antebellum economy” (1980. p. 1125). Despite this manufacturing lag, the North relied on the South and the cotton they produced for

A History of Fort Pierce, Florida

Fort Pierce, Florida, is located on the state's east Coast. Fort Pierce boasts a rich history that intertwines Native American heritage, Spanish exploration, and the vibrant development of a coastal community. From its early days as a Seminole War outpost to its present status as a thriving city, Fort Pierce has experienced significant changes throughout its history. The story of Fort Pierce begins with the Native Americans, who inhabited the region for centuries before European contact. These indigenous communities would thrive along what is now called the Indian River Lagoon. The Native Americans would utilize the natural resources for sustenance. These Native Americans were skilled fishermen, hunters, and gatherers who could live off the land.  Then comes the introduction of the Europeans. Spanish explorers entered the scene in the early 16th century with the arrival of Ponce de León, who was seeking riches and new land. While the Spanish influence was felt in what is now Fort P

Thomas Jefferson and His Belief on Church and State

The view of Christianity in American history varies depending on the period one is viewing. In the early colonial settlements of America, many were coming to escape religious tyranny in England. However, this view became debatable when the United States was being created. The reason is that some of the Founders were considered Diests. Thomas Jefferson was one of those who was considered a Diest. This is due to the famous letter written to the Dansbury Baptist about the “Separation of Church and State.” It was this letter that upset people in religious circles. Driesbach notes, “Such is the case with the graphic phrase “wall of separation between church and state,” which for more than half a century has profoundly influenced church-state law, policy, and discourse.” Despite this one statement, Jefferson, in his correspondence, mentions the church and the issues he saw between the church and state. This will focus on one such letter and give an interpretation of what Jefferson was talki