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The 1929 street stock crash as well as the economic and social impact of the crash in usa
The 1929 street stock crash as well as the economic and social impact of the crash in usa
Use of television in 20th century
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All through history humans have suffered trying to find food and shelter and the Great Depression is case where millions suffered from starvation. In a period of drought, economic failure, poverty, and agony we saw the development of new ideas that lead to iconic buildings in America and changed architecture in a whole new way. The Art Deco District in Miami showed the intensity of The Great Depression in the 1930s with the rise in crime and poverty. Even through hardships the people of the 1930s created some extravagant work that displays Art Deco architecture with neon colors and gaudy designs.
The stock market crash of 1929 created what is known as the Great Depression and many people were affected from farmers to normal city workers. As the 1930s rolled around the United States already started to see the affect of the stock market crash. “By 1930 over four million people were out of work and this number had doubled at the end of 1931.”(1930). Employment dropped rapidly and farmers went out of business due to banks foreclosing on farmers. The whole country was in shambles with half of the country being stable or wealthy and others starving not being able to find food. People trying to find food turned to soup kitchens were they would be given a very small meal. “When soup kitchens first appeared, they were run buy churches or private charities.” (Depression) and could survive from 1,500 to 3,000 people a day.
American life was much different with radios starting to become popular and the creations of “talkies”. Radios started to become popular “13,750,000 American households had radios a figure that more than doubled in 1939” (1930s). Most people used it as entertainment and a way to get news in the house without news papers...
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...avel/city-guides/miami-walking-tour-1/ http://www.nps.gov/nr/travel/geo-flor/39.htm http://www.mdpl.org/about-us/about-miami-design-preservation-league/a-brief-history/ http://goflorida.about.com/od/miami/ss/miami_downtown_2.htm http://www.city-data.com/articles/The-Art-Deco-Historic-District-of-Miami.html#b http://www.bricksandbrass.co.uk/design_by_era/period_house_design_1930-1939.php http://www.exploreasheville.com/things-to-do/historic-attractions-museums/historic buildings/art-deco-architecture/ http://www.thefreedictionary.com/art+deco http://www.mdpl.org/about-us/about-miami-beach-design-styles/what-is-art-deco/ http://www.artcyclopedia.cohttp://www.artdecosociety.org/m/history/art-deco.html http://www.fifa.com/classicfootball/history/fifa/first-fifa-world-cup.html http://www.u-s-history.com/pages/h1660.html
http://www.biography.com/people/jesse-owens-9431142
In the Roaring Twenties, people started buying household materials and stocks that they could not pay for in credit. Farmers, textile workers, and miners all got low wages. In 1929, the stock market crashed. All of these events started the Great Depression. During the beginning of the Great Depression, 9000 banks were closed, ending nine million savings accounts. This lead to the closing of eighty-six thousand businesses, a European depression, an overproduction of food, and a lowering of prices. It also led to more people going hungry, more homeless people, and much lower job wages. There was a 28% increase in the amount of homeless people from 1929 to 1933. And in the midst of the beginning of the Great Depression, President Hoover did nothing to improve the condition of the nation. In 1932, people decided that America needed a change. For the first time in twelve years, they elected a democratic president, President Franklin D. Roosevelt. Immediately he began to work on fixing the American economy. He closed all banks and began a series of laws called the New Laws. L...
The Great Depression from 1929 to 1933 was perhaps one of the darkest times in the United States. The desperation had spread to every single corner of the nation. Millions of people had lost their jobs and savings, parents were not able to provide food for their children. In the meantime, this greatest despair was to become the best opportunity for many outstanding artists and their works to sparkle.
Following the decade of economic prosperity and peace of the Roaring 20’s was the 1930’s which is commonly known as the Great Depression, an era of distress and instability that played an effect on altering the social, political, and economical infrastructure of the United States. Before the Great Depression, the United States was a representation of a consumer-driven society, with people loaning money from banks, in order to pay for luxurious items, they could not afford. However, in 1929, the stock market crashed, resulting in the nationwide closures of multiple banks and marked as the begin of turmoil for Americans. With the burden of the nation on the backs of all Americans, the meaning of life was changed and people waited day by day for the government to act and steer the nation back on the track for economic and political stability and progress, to be a
The Great Depression, beginning in the last few months of 1929, impacted the vast majority of people nationwide and worldwide. With millions of Americans unemployed and many in danger of losing their homes, they could no longer support their families. Children, if they were lucky, wore torn up ragged clothing to school and those who were not lucky remained without clothes. The food supply was scarce, and bread was the most that families could afford. Households would receive very limited rations of food, or small amounts of money to buy food.
Entertainment in the 1920s began changing after World War I. Because people had more money and were more prosperous, they were able to go to theatres, clubs, and sporting events. Although the greatest form of entertainment had been motorcars, it was a form of freedom that people had never experienced. Sports began to become more popular. “Baseball became popular with the great mass of people for the first time”(Fischer). Because of another form of entertainment gaining popularity, the radio made it easier for fans to keep up
The stock market crash was a result of rapid growth, and banks and lenders overextending loans and investments. Overextending loans and investments resulted in factories shutting down, banks closing, people losing their life savings and millions of Americans out of work, thousands starving and homeless. The rural areas of America were much luckier than the urban in that they were not hit as hard by the depression, they were still able to grow their crops, raise their animals and continue on with life as normal for the most part. In 1930 a severe drought struck America which only helped to make the Great Depression worse for all of America, including those in rural areas with farms as it effected their ability to grow crops and water their animals. The droughts effected those in the Great Plains and their surrounding areas the most. For years the lands had been stripped of its natural vegetation and soil had been overworked to produce crops, mainly wheat in large amounts. Overworking the land caused it to lose its vitality, leaving no sod to hold the sand or powdery dirt down. Without rain these problems were just exasperated, vegetation was unable to grow back to replace what was
People, especially blacks, were being put out of work everywhere; the wave of depression had hit the entire country. Banks were failing, and the cities, in a desperate attempt to provide relief, were running out of money. Because President Hoover was confident that business conditions would soon improve, federal funds were not used to provide relief; relief was the responsibility of private charities. City allowances soon ran out, and there was no money left. Pennies were used to buy food and fuel. Many people went without food in order to p...
Farmers were greatly affected by The Great Depression. In the early 1930’s prices dropped so low that many farmers went bankrupt and lost their farms (“The Great Depression hits farms and cities in the 1930’s”). The stock market crash prevented the farmers from being able to sell their produce (McCabe). Through the depression farmers were still producing more food than consumers were buy, and now the consumers could buy even less. Farm produce prices fell even lower (“The Depression for Farmers”). Some farm families started burning corn rather than coal in their stoves because the corn was cheaper (“The Great Depression hits farms and cities in the 1930s”). Non-farmers had also been hit hard by the depression. With the banks failing and businesses closing, over fifteen million people became unemployed (“The Great Depression”). The unemployment rate skyrocketed from three percent to nearly twenty five percent (McCabe). The Great Depression brought a rapid rise in the crime rate as many unemployed workers restored to petty theft to put food on the table. Suicide rates rose greatly as did recorded cases of malnutrition (“Social and Cultural Effects of the Depression”). More and more people were found standing in bread lines, hungry and homeless (McCabe). The depression affected people and businesses but many programs later America pulled out of their
During the late 1920s the United States was going through an economic depression that was caused by the failure of the stock market. When the stock market crashed, millions of people lost their savings, jobs and also their homes. About millions of people end up traveling across the country in order to find a job to help them to support their family. After becoming the president, Franklin D. Roosevelt want to help the country by stopping the depression and it too never occur again in the United States.
The Great Depression was felt worldwide, some countries more than others. During this time many Americans had to live in poor conditions. In the United states, 25 percent of the workers and 37 percent of all nonfarm workers lost their job(Smiley 1). Unemployment rates had increased to a 24.9 percent during 1933(Shmoop 1). Unable to pay mortgages, many families lost their homes. The cause of this was the Stock Market crash in 1929. Many investors of the stock market panicked and sold all their stocks. The results of this include frightened Americans withdrawing all their saving causing and hoarding it in their homes many banks to shut down and less money to circulate in the economy. Although the economy had taken a dramatic blow, there was hope. A new program was administered by the government to help people suffering from the depression. The Works Progress Administration (WPA) program helped improve lives of Americans affected by the Great Depression.
Buying the same stuff, listening to the same music, and even using the same slang terms. Many people across the United States and even across the world were becoming more and more similar in the way they talked and the purchases they made. This could partially be accredited to the radio. This simple device was revolutionizing the nation’s economy. The value of radio sales in the U.S. jumped from $60 million in 1922 to almost $850 million in 1929. Popular network programs such as “Amos ‘n’ Andy” and “the Philco hour” provided an effective ...
Wireless communication across the country was something no one ever imagined. The creating of the commercial radio in 1920, created a feeling of belonging to many citizens of the United States. Starting off as a hobby for amateurs, radio quickly expanded. With the creation of NBC, and emerging radio stars like Ernie Hare and Billy Jones radio, families tuned in on a daily basis. Music was brought to lower income families who couldn’t afford to buy a piano. As well as streaming music, radio provided advertising outlets. Promotions regarding cigarettes, automobiles, and soap
Do you know what it’s like to live in a cardboard home, starve, and raise a family in poverty? Unfortunately, most Americans in the 1930s went through this on a day-to-day basis. In 1929 the stock market crashed. Many people lost their life savings; they invested everything they owned in a failing stock market. The country was falling, everyone needed strong leadership and help from the government.
The “God-like” presence within American homes informed citizens of national and global news in a fashion more timely than ever before. This caused Americans to become more politically influenced. Additionally, businesses were given the opportunity to directly reach their consumers in a new and enticing manner. The radio also heavily influenced society in a social manner. Mass culture was created through the radio’s ability to bring sports, concerts, and sermons into every home.
When the stock market started failing, many factories closed production of all types of goods. Businesses and banks started closing down and farmers fell into bankruptcy. Many people lose everything, their jobs, their savings, and their homes. More than thirteen million people are unemployed. The Great Depression caused major political changes.