We often hear many of the effects of the Great Depression but what about the causes of it? Many people aren’t very familiar with what lead to all of it. There is often a misconception that all was well and then on October 29, 1929 it all fell apart when they stock market crashed. While this is a very remarkable event in the Great Depression, it isn’t what caused it. In fact, there were plenty of things going on that let to it in the couple of years prior.
The economic problems that were going on all over the world were one of the many causes of the Great Depression. People were dealing with owing money but not being able to secure a job to pay for their ongoing expenses. The losses seemed to be everywhere and people weren’t able to spend enough at the various stores out there to keep them open. They were desperate to get what they could at the lowest possible price. Only essential items were purchased.
No one could really afford to by anything extra, so the factories were shutting down. As a result more and more people were out of work. We tend to forget that all of the businesses out there that make money depend on money coming in and going out from various resources. The amount of debt that individuals and businesses had were very high and the income they had to take care of them was often next to nothing.
There were issues with the climate too that couldn’t be controlled. Severe drought in places continued to result in crops not growing. The fact that many areas were dealing with insufficient soil due to erosion wasn’t helping either. The yield from the crops was becoming very low.
Wide spread panic also contributed to the Great Depression. People lost their faith in the economics of their country. They no longer placed their money that they did have in the bank. They held onto the supplies they had and changed their way of using them. They carefully planned so they could stretch them out as far as they could. This meant they weren’t keeping the cycle of buying and paying for goods consistent.
Rising gasoline prices has become a fact of life. The problem is that there is nothing that most people can really do about it except expect it. The reason for this is because of the total dependence of countries in fossil fuel to keep and maintain their industries.
For so long now, most countries have been dependent on fossil fuel such as gasoline and crude oil to provide the power for industries as well a majority of the transportation needs of the people. It is a fact that most cars running in today's streets have either gasoline or diesel as fuel. It has been the same situation for several decades now. This dependence on fossil fuel to move the gears of industry and the society makes crude oil exert quite an influence on the economy, lifestyle as well as the future of many countries.
The influence is far reaching. Fossil fuel accounts for a majority of the energy and power needs of countries all over the world. Without it, countries may suddenly fall into chaos. And such events may likely happen in the near future as crude oil supply gets scarce while the demand for it still grows. Fossil fuel such as crude oil is not a renewable resource. At some point in the future, it may run out.
The concern over crude oil someday running out in a world hungry for more and more energy has worried many world leaders as well as future planners. And for this reason, many are trying to preach better fuel economy through research and technology. Aside from looking for alternative sources of fuel to replace fossil fuel in the future, better fuel economy may seem to be the most effective idea to practice in today's world.
Better fuel economy simply means a better and more improved use of fuel resources to get the most out of it. If being practiced on a worldwide scale, it can help provide a number of benefits- both from a global and individual standpoint. Here are some of those main benefits.
For one better fuel economy translates to money saved. Better use of fuel can help save individuals money in terms of reduced fuel costs. Doing so would mean using more fuel efficient cars, better fuel variety as well as a handful of other factors.
Not only that, fuel economy can also help conserve the resources that the world may still have left. Since fossil fuels are non-renewable resources, it is important that the world learns how to use it more wisely to help avert a possible energy crisis in the future. With fossil fuel such as gasoline still a major and primary energy source for many countries learning to work together to improve general fuel economy can help fossil fuel supply last even a little longer.
Even fuel economy can help protect the environment. Use of fossil fuels such as gasoline and diesel fuels aside from other crude oil byproducts have resulted in pollutants emitted into the atmosphere. This has resulted in a polluted environment that may take decades to clean up. But with better fuel economy, these fuels can be burned and used more efficiently and in a way that lesser and lesser pollutants are made to escape into the atmosphere and harm the environment in general. This aside from fuel economy being the most logical option to deal with the high gasoline prices of today.
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