Customer center

We are a boutique essay service, not a mass production custom writing factory. Let us create a perfect paper for you today!

Example research essay topic: York Stock Exchange J P Morgan - 1,723 words

NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote

The first most significant event in new American history is the Great Depression. October, 24, 1929 has entered the history of the USA as black Thursday. At the New York stock exchange the panic, that later resulted in catastrophic falling of share price, has burst. There was unprecedented for all the history of the tenders dump of shares. 12894650 pieces have been sold for one day.

In the middle of the day in headquarters J. P. Morgan the five largest American financiers representing National City Bank, Chase National Bank, Guaranty Trust Company, Bankers Trust Company and J. P. Morgan have gathered on an emergency meeting. Having analysed the position at a stock exchange, bankers came to a conclusion, that many quotations at a stock exchange do not reflect a true situation and there were no the reasons for panic.

The statement of financiers has a little calmed holders of shares of the largest corporations, and by the end of the day many quotations have risen again and havent reached achieved a former level. The president, having addressed next day to American people, told, that the national economy is on the strong base and the panic at a stock exchange is provoked by " the technical reasons. However in four days the country has failed in a precipice. On Tuesday October, 29, 1929 for first three minutes of the tenders 650 thousand of shares have been thrown on the market. In some months after a collapse of the share market unemployment began to grow rapidly. By March, 1930 more than 4 million people remained without job.

One year later this figure was doubled. In spring of 1932 the number of the unemployed has reached a point of 12, 5 million person (10 % of all the population). The peak has fallen to the beginning of 1933 when the 16 million people were unemployed in America. Approximately 17 % of able-bodied population of the USA remained without means of subsistence. The position was aggravated with that the administration did not have federal program of struggle against unemployment. The president believed, that the authorities of states and city municipalities should solve the problems of the unemployed.

However practically all industrial cities have turned to bankrupts so people which stayed without work had to hope for welfare funds and donations of private persons. However this means catastrophically did not suffice, and in third winter of depression famine has burst. Only in the summer of 1932 the president has made an attempt to solve the problem of unemployment at a federal level. According to the emergency law accepted in 1932 on struggle against unemployment the Reconstructive financial corporation should lend states $ 300 one million for the struggle against unemployment. But this program failed. Americans had the last hope for the future presidential elections.

The formal president has nominated the nominee for the second term, but people were tired to observe helpless attempts of administration to change the situation and to listen to the next optimistic assurances. They gave the voices to the candidate from Democratic Party Franklin Roosevelt. One of the first laws accepted by the new congress on May, 12, 1933, was the federal emergency law on struggle against unemployment. The basic charges as against the first years of depression now were carried by the state exchequer. And the means allocated by exchequer, were not lent, but given out as grants. From May till December specially created federal administration on struggle against unemployment was engaged in distribution of means.

The same administrations have been created and in each state. In May, 1933 the unemployed were given $ 15, 15 for a family. By January the sizes of these payments have made already $ 30, 45. The federal administration on struggle against unemployment functioned till December, 1935 when it has replaced by Works Progress Administration. As a result of the accepted measures the quantity of the unemployed was reduced to 10 million people. Social wounds healed longer.

The middle class of America has practically disappeared, and its revival needed practically 20 years. In 1940 each eleventh American was sure, that at the New York stock exchange sells meat. Only after final revival of middle class market institutes were finally restored. The second important event in the American history that now has a lot of consequences is of course terrorist acts against USA on 11, September, 2001.

This was a result of the wars against Afghanistan and Iran. After the tragic events, the USA declared about the beginning of the war against terrorism. After the meeting in the White house with heads of the American power departments president George Bush has called the acts of terrorism in territory of the USA " the act of war ." Bush promised that the United States will direct all the forces to war with this enemy. " We shall show due patience, stability and resoluteness - and we shall calculate retaliation. the enemy Vainly believes, that he has reliable refuges. They not always will be reliable, the American president said. Earlier in the interview of a broadcasting company A - B-C the state secretary of the USA Collin Powell also called explosions in Washington and New York the act of war against America and all the democratic world which should be considered as the declaration of war.

He said, that this conflict will be long and will not be limited to impact only one person. It is a war not only against the USA, but also against the civilization, against all countries which trust in democracy ." The next important event in new American History happened in the middle of 20 th century when republican president Richard Nixon has resigned under threat of compulsory removal by the Congress (impeachment). It was the unique event in history of America, similar to which never happened neither till nor after Watergate. His influence on a political life of the USA is felt even now. At night of June, 17, 1972 the group of burglars has penetrated the premise borrowed with national committee of Democratic Party.

They were detained, and then it was found out, that the Cuban criminals-emigrants had high patrons in the White House. While the White house undertook clumsy attempts to buy silence and to hush up this affair, the so-called "liberal" press had interfered it. Due to efforts of journalists from Washington Post ", and also other editions (" New York Times ", "Time", "News Week") the affair has received wide publicity. The process that began in 1973 led to parallel investigation of activity of administration by special senatorial committee.

Nixon and his assistants were accused of the attempt to establish overhearing devices in headquarters of Democratic Party with the purpose to win the elections. In such kind the official version remained in textbooks of history. On August, 9 1974 R. Nixon jumped in the helicopter on a lawn of the White House and left it.

All this affair is full of contradictions and the latent details. The closer perusal of them represents Watergate in the other kind. First, Nixon had no need to establish overhearing devices: his victory was guaranteed (really, despite of already inflamed scandal, Nixon has defeated the candidate from Democratic party McGovern). Actually at Nixon's re-election for the second term five members of committee penetrated the headquarters of democrats with the purpose which was not related to the elections. At the beginning this breaking in had no political value. Therefore the White House was right, when has characterized it as "insignificant." But Nixon's opponents managed to transform ordinary criminal case into the largest political scandal in the American history.

Nixon's supporters sometimes speak about so-called "liberal" plot against the president - spontaneous association in one front of wide liberal circles in the Congress, press and the public. Thus it is necessary to pay attention to a paradoxically of the situation: conservative Nixon has carried out much more in the field of liberalization, than his predecessors-democrats. It helped to finish the Vietnamese war started by Kennedy and Johnson, improved the relations with Soviet Union and established the relations with communistic China. In the field of internal policy Nixon has expanded social programs (welfare) and programs of " positive actions. Thus, liberal plot against Nixon took place. And the person of the president.

was its target In a quarter of a century this situation happened again: this time the person of president Clinton became a target of conservative plot. The occurrence of proof hatred for himself from the part of the liberal public was promoted by Nixon: during all his career he felt paranoid hatred for liberals and tried to be protected from them by all means, including adjoining with infringements of the law. Nixon's attitude to liberals was adopted by his counselors and assistants. They could extinguish a beginning fire. But instead of it they began to give themselves out to be the fighters with "communistic threat", and the organized breaking to be the important affair of national safety. The Soviet partys reaction to the event was interesting.

For Moscow Nixon's resignation was unexpected. In the Kremlin people knew about the difficult situation of the White house appeared, but could not believe, that the head of a USA had been removed by his own parliament. In historical prospect Watergate had far-reaching consequences for all American political system: the control over the congress and the public behind activity of executive authority as a whole, especially special services and their operations has amplified. In second half of the 1970 there was the reorganization of all former American political architecture; the new game rules were established for the following generations of politicians. The modern political situation surprisingly reminds the epoch of Nixon: powers of special services are extremely expanded, the administration is involved in investigation about concealment of the truth about the reasons of war in Iraq; the economy of the USA is shaken with scandals on exposure of financial abusing of large corporations; liberal circles attack Bush with the help of film "Fahrenheit", aspiring to transform it into the new Watergate. Bibliography Coulter, M. , (2000), New History of USA, , Prentice Hall, Sydney Flesh, Anne.

History of USA: Alabama P, 1997. Historical events Steven Lukes, NY University Press, 2003. What we struggle for? Reinhold Niebuhr, NY University Press, 2003


Free research essays on topics related to: york stock exchange, white house, american history, democratic party, j p morgan

Research essay sample on York Stock Exchange J P Morgan

Writing service prices per page

  • $18.85 - in 14 days
  • $19.95 - in 3 days
  • $23.95 - within 48 hours
  • $26.95 - within 24 hours
  • $29.95 - within 12 hours
  • $34.95 - within 6 hours
  • $39.95 - within 3 hours
  • Calculate total price

Our guarantee

  • 100% money back guarantee
  • plagiarism-free authentic works
  • completely confidential service
  • timely revisions until completely satisfied
  • 24/7 customer support
  • payments protected by PayPal

Secure payment

With EssayChief you get

  • Strict plagiarism detection regulations
  • 300+ words per page
  • Times New Roman font 12 pts, double-spaced
  • FREE abstract, outline, bibliography
  • Money back guarantee for missed deadline
  • Round-the-clock customer support
  • Complete anonymity of all our clients
  • Custom essays
  • Writing service

EssayChief can handle your

  • essays, term papers
  • book and movie reports
  • Power Point presentations
  • annotated bibliographies
  • theses, dissertations
  • exam preparations
  • editing and proofreading of your texts
  • academic ghostwriting of any kind

Free essay samples

Browse essays by topic:

Stay with EssayChief! We offer 10% discount to all our return customers. Once you place your order you will receive an email with the password. You can use this password for unlimited period and you can share it with your friends!

Academic ghostwriting

About us

© 2002-2024 EssayChief.com