Political science

What events led to the Great Depression?

 

 

The Great Depression of the 1930s still remains a threatening reminder of the high sensitivity of the American economy. The most dramatic economic downfall in the history of the US caused a broad financial damage to the country. Even families without most of their assets invested in the stock market felt a downfall, not to mention businesses and corporations that hardly survived. Though such a massive event did not happen overnight, the stock market crash of October 29, 1929, accelerated the national economic collapse. But Black Tuesday was merely the final part of the chain of processes that gradually destroyed the society of the early 20th century.

The 1920s was the period of false prosperity in the US. Many people used automobiles, telephones, and radio that were a luxury yet a decade before. This was the Jazz Age when television with all its celebrities prospered. The US gained dominance in the world as former global political superpowers tried to compensate for the losses brought by World War I. In the meantime, millions of Americans invested in shares, and banks stimulated their clients with generous loans. Despite the wide income gap in the society, becoming a rich man was easier than ever. And people took advantage of it. When speculation in the stock market pushed prices above the limit, a massive sell-off began. The actual price of bonds and shares fell to unimaginably low rates.

The Great Depression began as the majority of people lost their money and often a workplace. The purchasing power of Americans fell far below previous figures. People stopped purchasing items, and factories stopped their production. The government introduced harsh economic policies to reduce purchasing imported goods, but it neither benefited corporations nor international trade with Europe.

Impact of technology on interpersonal communication

 

 

Interpersonal communication is a comprehensive category that includes workplace, group, intimate, and romantic interaction. Influenced by the Internet and its advantages, communication in all these spheres has largely transformed. 90% of individuals irrespective of their lifestyles are present on social networks every day. Each of us is accessible to the others every time. Our boss, spouse or completely unknown person can contact us whenever they need. People do not hesitate to interact, they cannot see any limits to communication now. And many of them find this exact factor discouraging.

A vast sociological research conducted in the US confirmed that the increase in wealth and quality of life caused higher isolation among Americans. Constant online accessibility made communication such a routine thing you want to avoid. Many people got tired of empty chatting that took their time and did not give back anything in particular. Under the impact of technology, we became lazier: why go hang out with peers if you are already connected online?

To put some advantages of technology, it simplified business communication. In many cases, you need only safe online connection to work productively and report your progress to the manager. Even in traditional offices, communicating per e-mail sufficiently accelerates performance. Technology has simplified interaction between a provider of services and their clients. In most cases, clients do not even need to communicate with the provider to get their services.

As a result, the impact of technology on interaction is diverse. We cannot address online channels of communication as a negative phenomenon because we gain even more than we loose with the Internet. In fact, the culture of communication is individual to all people, and those who use the net responsibly never complain about how dramatically the technology has changed their lives.