The Great Depression
The Great Depression began during the 1929. It was a very severe economic devastation that happened in the United States history. President Franklin Roosevelt had to make new laws just to protect the citizens of the United States as a result of the Great Depression. President Franklin Roosevelt made deals, social security, gave more rights to the labor union, and he signed the law for a minimum wage plus 40-hour work week. The United States were made drastically changed because of the Great Depression. The laws that were made during this time affected many people. Changes of the financial structure laws of the United States prevented the United States from experiencing severe economic abandonment like it did in 1929.
The devastation that affected people of the United States very badly happened on October 29, 1929 that was known as the Great Depression. The New York stock market crashed and burned during this time. The harsh time had been known as The Black Tuesday. This made prices drop very badly and made production slow more and more. The United States suffered from 17 previous downfalls that happen in the stock market that took place a 150 years in historical time period, but there was not as bad as this one. President Franklin Roosevelt stated that during the
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Great Depression it was so wholeheartedly painful that it was said to “bring the strongest man to his knees in tears” and President Franklin Roosevelt also stated that “era that tested the American dream.” The people lost many things like their jobs, their families, their food and homes.
The businesses and the industry were affected also. With so many businesses affected and them losing so much of their money they had to start cutting back on employee hours or their wages. They had to make cuts on what they purchase such as the luxury goods and who they decide to spend their money. Millions of people were unemployed due to businesses closing their doors.
Farmers during this time were safer from the outcome the Great Depression because they were able to feed themselves with whatever product they grew. Unfortunately during the Great Depression the Great Plains got hit really hard with a drought and a horrendous dust storm. The high winds whirled the soil for miles destroying everything in its path leaving farmers without crops.
The Great Depression started during the presidency of President Herbert Hoover. Many people said that President Herbert Hoover was the cause of the Great Depression so they name a town after him calling it Hooverville. President Franklin Roosevelt won the presidential election in 1932 and was sworn in as the president in 1933. The people of United States had very high hopes that President Franklin Roosevelt would get the economy back in order. When President Franklin Roosevelt took office all the banks he closed them down and would only let them reopen if they were stabilized. This project called The New Deal was President Franklin Roosevelt plan to help the United States economy.
The United States was not the only country that the Great Depression affected. Counties like Canada and Germany were also affected. In Canada the depression was known as The Global
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Effects of the Great Depression and in Germany the depression was known as the Effects on Germany. Canada was hit hard because they relied on the export of grain and other materials. Germany was hit hard by the interruption of American loans.
When President Hoover was in office he did make some major mistakes by raising tariffs. He was hoping by raising tariffs he would be able to help the American businesses. President Herbert Hoover created the Hawley-Smoot Tariff but that just ended up making the economy worse than it was simply by causing lower export rates. He did not want to go off the gold standard and that was his biggest mistake. His belief was that
July 25, 2013 The Great Depression The Great Depression was a big tragedy that left a lot of Americans out of work and hungry. It affected many people’s lives and a lot of people suffered and even died. The depression lasted roughly 12 years. Many believe that the Federal Reserve Board had many failed policies. They caused a shrinking of the money supply that made economic conditions worse. The stock market crash on October 29, 1929 signified the beginning of the depression and lasted until…
The Great Depression was a very complicated economic depression which had many factors contributing to it. To pinpoint the exact causes of the Great Depression is so complicated because all the factors relied on each other. When one thing went wrong, other things were soon to follow. Over production and under consumption, the stock market speculation, and the inequity of wealth distribution would be considered majors causes that led to the Great Depression. The over production and under consumption…
The Great Depression Table of Contents Final Draft Sources Pictures The Great Depression was a severe worldwide economic depression in the decade before World War II. The timing of the Great Depression varied across nations. But it most countries is started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how far the world's economy…
States history was the Great Depression. This had brought one of the greatest and strongest of countries to its knees. I believe there are three main reasons that contributed to the economic collapse of the United States. New York stock Market crashed, The Dustbowl, and thousands of migrants move to the Northwest. But there are also three causes that helped U.S. recovered from this tragic event. They were Roosevelt’s New Deal, Grand Coulee Dam, and World War II. The Great Depression began with New York…
Many people were affected by the Great Depression. After the stock market crash in 1929, the country changed in a lot of way. Many people lost their jobs because of this downturn in the economy. During the Great Depression practically every person had to adjust to a different way of living than what they were used to. This tells how life changed for all Americans. During this time many children didn’t receive education because many communities had to close their schools down during the 1932-1933…
The Great Depression was a worldwide event that was an economic meltdown. Most people agree that the beginning of the Great Depression was Black Tuesday on October 29, 1929. According to Taylor, on that particular Black Tuesday, “the Dow Jones Industrial Average fell almost 23 percent and the market lost between $8 billion and $9 billion in value.” During this time, there was widespread unemployment, homelessness, a major drop in industry, debt deflation and an 89 percent drop in stock prices…
or have learned something about the great depression and the effects it had on the United States. There are a list of issues the created the great depression, but have we actually thought about it, and tried to understand it before? In the 1920’s the American economy was going strong, for the most part, and the vast majority of Americans had witnessed economic growth, however, stock prices fell, more and more issues arose, and then came the great depression which created uneven distribution of wealth…
Mr. Santomenna APUSH February 14, 2013 The Great Depression and the New Deal The 1930’s was one of the lowest points in American history. The stock market and economy was at an all-time low. As many Americans began selling their stocks, the market plummeted. This caused many people to lose their money and investments due to them buying on margin. During the election of 1932, President Hoover was removed from office and in came Franklin D. Roosevelt. Roosevelt went to work right away and passed…
Akins The Great Depression As we all know, the Great Depression was a severe economic depression. It was world wide and happened in the years before World War II. The greatest of despair for the community that I live in was the years from about 1930 until 1934. My family has lived here forever, just above Tellico Plains in the mountains is a little community called Coker Creek. This is where my family has lived for years and years. Even at the time of the Great Depression. Including my Great Aunt Lucille…
The Stock Market Crash of 1929 led the United States into one of the most unforgettable time periods in history- the Great Depression. During this economic disaster, political, economic, and social institutions were in turmoil. In attempt to solve the corruptions brought about by the Great Depression, actions were taken by the government, various groups, and subtly by individuals. Unemployment levels in the United States reached as staggering 25%. This rate was so high due to the decrease in consumer…