Standard 6
Objective 1 (Investigate the impact of the great depression on the united states)
A- Major causes for the great depression- There were many events that led to the great depression; four of the most important events were the stock market crash of 1929, the American economic policy with Europe, bank failures and the reduction of US spendings.
The stock market crash of 1929 had to have been one of the most important incidents leading up to the great depression. Shortly after the stocks crashed in October, many stockholders lost around forty billion dollars, inevitabley, the great depression followed
The American economic policy with Europe also contributed in a vast amount. The policy had intentions to protect and encourage American
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Many things changed such as crime rate, migration and Ideology. Unemployment was at an unbelievable rate, twenty five percent of citizens were without a job. This in exchange rose the rate of crime. Crimes like stealing money and food were committed often due to the lack of average income. Suicide rates and alcoholism increased in the nineteen thirties because many had no other way to escape their suffering and pain. Men were the primary workforce; a great majority were unable to support their families and decided to leave. Many women who were uneducated were forced to look toward prostitution after their husbands left. Alcoholism became a norm amongst the community because it allowed users to briefly forget their current situation.
Americans began to mass migrate in order to seek for a better opportunity in regards to work. Areas like the Great Plains, New England and New York lost a lot of their population. Thousands were caught hitching rides on trains; most went without any
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Many had hoped that the new deal would solve all the problems that persisted after the great depression; this was not the case. The new deal helped the american economy in many ways although it did not solve every problem.
Federal programs like social security were brought to help the elderly and also the disabled cope. Other welfare programs were initiated to help unemployed or low class citizens. Tennessee Valley Authority was a welfare program created in relation to the new deal. This new program provided navigation/flood control to the society.
B-Investigate the shift of power from state to federal government- The new deal created programs that expanded federal power and allowed the president to play a larger role in the American economy. Thousands of federal jobs were created to help lower the unemployment rate, they also brought millions of dollars into our economy. The government also became a lot more involved in labor/management
The stock market crash of 1929 was one of the main causes of the Great Depression. Before the stock market crash, many people bought on margin, which caused the stock market to become very unbalanced, which led to the crash. Many people had invested heavily in the stock market during the 1920’s. All of these people who invested in the stock market lost all the money they had, since they relied on the stock market so much. The stock market crash also played a more physiological role in causing the Great Depression.
There were many causes for the Great Depression. The first and one of the largest was the stock market crash. Before 1929 the stock market was flourishing and everyone wanted to buy stocks. People were so confident in the stock market that they were buying “on margin”, which meant that brokers would lend them 10% of the money they invested (D1). The problems began when stocks were being over speculated. When people began to realize this, they began selling there shares. On October 29, 1929, 16 million shares were sold (D9). This day became known as “Black Thursday”, the day the stock market crashed (D12). The second reason was the overproduction of goods. Factories had already produced too many goods and now there was no demand for them. The government began to raise tariffs to protect Canadian industries but things only led downhill from there.
This made the government spend a lot of their money on programs to help recover all the lost jobs and to give businesses the confidence to spend money also. When the businesses saw that the government was actually willing to spend money it gave the business owners confidence to spend their money. Once the money started circulating around the economy would start slowly growing. The New Deal Programs were diverse relief schemes such as the Tennessee Valley Authority (TVA), Public Works Administration (PWA), Civil Works Administration and the National Recovery Administration (NRA).
Assessment of the Success of the New Deal FDR introduced the New Deal to help the people most affected by the depression of October 1929. The Wall Street Crash of October 24th 1929 in America signalled the start of the depression in which America would fall into serious economic depression. The depression started because some people lost confidence in the fact that their share prices would continue to rise forever, they sold their shares which started a mass panic in which many shares were sold. The rate at which people were selling their shares was so quick that the teleprinters could not keep up, therefore share prices continued to fall making them worthless. Also causing many people to lose their jobs as the owners of factories could not afford to pay the workers wages.
The New Deal was a set of acts that effectively gave Americans a new sense of hope after the Great Depression. The New Deal advocated for women’s rights, worked towards ending discrimination in the workplace, offered various jobs to African Americans, and employed millions through new relief programs. Franklin Delano Roosevelt (FDR) made it his duty to ensure that something was being done. This helped restore the public's confidence and showed that relief was possible. The New Deal helped serve America’s interests, specifically helping women, African Americans, and the unemployed and proved to them that something was being done to help them.
Document 8, The New Deal in Review, by The New Republic talks about how the New Deal has helped them in many ways. It has helped them in many ways because it was able to expand jobs for people who couldn’t work for many reasons. Giving out jobs maintain the nation in good hands because they build schools for children. The New Deal was able to develop many programs for those who needed them. It was such a good idea to have these programs because it helped many families and gave them opportunities. The opportunities that they had were having a job, insurance, and having schools. Document 8, also states, “It work projects have added immeasurably to the nation’s wealth; in some regions the school, health and recreation facilities it has called into existence have fairly revolutionized communal life”.The New Deal programs had made people’s lives easier. They have improved a lot by building schools for children. Families helped the nation by making it better with the economy because of the jobs they had. Those who didn’t have a job were able to survive after suffering a lot. People are very thankful and the programs have become very common to
There were many reasons that caused the great depression of 1929. The foremost reason has to be the overvalued stocks, which led to the crashing of the stock market. The stock market crash of 1929 was then most significant market crash in U.S. history. though the crash lasted only four days, it led to a catastrophic sell-off. The Dow Average a loss of 90% of its value between its record high close of 381.2 on September 3, 1929, and its following bottom of 41.22 on July 8, 1932. That was the worst market in terms of percentage loss in modern U.S. history. It would be another 25 years before the Dow was able regain its September 3 high.
The Social Security Act would give those who were over sixty five years old some type of aid every month and also create jobs for people. This policy also gave those who didn 't work some money so that they could survive more than they could have without money. The results of the New Deal were that people got jobs and money they needed. They were able to get money even if they weren 't working, which helped the people of that time. Despite all this, the New Deal did not end the Depression like it had hoped to do. What it did was show the people what the government was supposed or what they could do for them. As these policies came to light, people started wanting more and more so that they could continue getting jobs or money or whatever else they
What was the result of those efforts? a. President Hoover tried to jump-start the economy and add jobs.... ... middle of paper ... ... a.
As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security... ... middle of paper ... ... depicted by the Evening Star.
Beginning on Black Tuesday, October 29th, 1929, a total of 14 billion dollars was lost in America’s economy. Near the end of the week the 14 billion turned into a total of 30 billion dollars (The Great Depression Facts). Many events during the Stock Market Crash caused damage to the economy and lifestyle of the country, ending with recuperations from The Depression. There have been many issues that caused the stock market to crash. One major effect on the Great Depression was the current state of agriculture.
The Great Depression and the New Deals forever changed the relationship not only between Americans and their government, but as well as many other countries that suffered from the depression. Government involvement and responsibility in taking care for the poor and regulating the economy became expected by the citizens.
... still be living in a time very similar to the Great Depression. However, the New Deal did help to solve America’s problems, it did not end the depression, unemployment, or poverty; it did provide a sense of security to American citizens, and insure hope in their country (“New Deal” 3).
The New Deal reforms transformed the government in the long run but failed to accomplish immediate recovery from the Great Depression, it was not until World War 2 that the economy recuperated completely. The reforms were a landmark in US history, for the first time the government interfered, for the prosperity of the people. Works Cited Foner. I am a fad. Give Me a Liberty.
The New Deal had some bad outcomes but it also a large amount of good things that happened. What Franklin Delano Roosevelt did by creating the New Deal changed the lives for everyday americans. It help make the Great Depression less depressing. Many acts created during the new deal are still in use today. The New Deal was a success that help create a better future for us americans and many more generations to come.