Browse our Free Essay examples and check out our Writing tools to get your assignments done.
Over the course of the class, you will
be retrieving and evaluating current event articles (in the last 5
years); making connections between the units we are currently
studying and today. You will be responsible for finding an online
article from a reputable news source. For example, Time.com, USA
Today, The New York Times, etc.
See the attachment for specific details and
grading criteria for the Current Events Journal Assignment for Units 5-6
Article Review (What Caused the Depression? A New
Overview Spreads the Blame)
Student’s Name
Institutional Affiliation
Article Review (What Caused the Depression? A New
Overview Spreads the Blame)
Summary
The article, 'What Caused the Depression? A New
Overview Spreads the Blame' by Stephen Mihm was published in the New York Times
on April 21, 2017. The author reviews, 'A Rubble of Dead Money' a book written by
Chris Morris, which analyzes the basis and consequences of the American Great
Depression. The economic slump is among the predominant topics covered in-class
activities to explain the simultaneous developments of history of the United
States.
Connection
to Class Information
Mihm’s editorial connects to Unit 5: The Roaring 20s
and the Great Depression as it offers an overview of happenings during the
American economic suppression between 1929 and 1939. It analyzes the divergent
views concerning the cause of the worst financial downturn by providing a comprehensive
account of how people lost their jobs and businesses faced bankruptcy (Mihm,
2017). Besides, the author examines the effects of the Depression on the
present economic events in the United States. For example, today, economists
use the lessons learnt during the shock to prevent its recurrence through
policy formulation and implementation. All of these illustrate how the event
connects with class activity.
Stephen investigates the causes of the Great
Depression and exonerates Wall Street by blaming Europe since he trusts that
the conflicts overseas led to the collapse. According to Hansen and Ziebarth (2017), the economic downturn resulted from
military errors that had crippled European countries, making the world
vulnerable to the crisis. The author believes that after World War I countries
such as France championed for gold-based deflation and the abandonment of the
gold standard, on the other hand, Germany defaulted on her loans, leading to
the global financial suppression. Mihm trusts that the United States did not
cause the crunch as it resulted from Europe.
The current event article highlights the...
