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The great depression roosevelt
Great depression
Economic impacts of the great depression
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Hello I am bob and I am going to tell you my story of the Great depression. I was a regular person working at the boeing factory making biplanes including the boeing XP-8. It was a good job I got paid well and I never went hungry. I proceeded to invest my money in the stock market and I invested it on boeing stock to make a return on every plane I make. I made a lot of money. But I didn’t buy a lot. I had a ford model T and a small home. But what I did invest in was a heavy duty security system. I didn’t use a bank because of the fact that all of the gangsters and mobsters. So I literally slept on my money. I went to my work again in october and after I did my work I then bought a refrigerator and saved a lot of my food. I never bought on …show more content…
credit but I did use cash. So when I learned that the stock market crashed I never really lost much because I never used a broker. So I never was really bad off. I then learned that banks started to freeze up and I was so glad that I never stored up in the banks and stocks. I was also glad that I served in the war at the end and guarded the germans in belgium. I mean I wasn't laid off and I just was having a really good time. My best friend Got laid off all of a sudden I asked the manager why that happened he said because of the fact that they needed to cut costs. I now realised how much danger I was in so I worked extra hard. I had no problems but bolts that would not fit. I then was called to my bosses office. I was having my wages cut. I said okay so I than proceeded to work my hardest. I was then sent back to my bosses office to talk to him. I then got my wages back. I worked my hardest day and night. To the point that I fainted in the parking lot. I was happy I did not have the most lavish lifestyle so I was just getting along. It then went to the soup kitchens to get free food to cut costs. So I was just getting along but I then realised that we were stuck in a deflationary cycle. So I then realised that if I saved up on my money I could buy more stuff and have a better lifestyle so I worked my hardest ever. It is 1935 I realized that we were the lowest ever so I bought blue chip stock to give me a cushion of protection.
I then bought up stock without a broker to insure myself. I was living out the american dream. I received an offer for a bunch of stocks for two dollars so of course I took it to help out a poor lad. I never realised that it was from winston Churchill. So I asked a stock broker how much this stock was worth and he said it was worth a dollar. I didn’t believe him of course I thought it was a scam of course. I then went to work and I realised that my wages had been cut again. So I then was working my hardest ever to the point that I was physically exhausted. I was now fainting at home to get the necessary sleep in order to sustain my work regimen. I was summoned to the office one last time to learn that I was laid off. The date was 1939. I then joined the airforce to get a solid job. I was assigned a test pilot role in the airforce and I tested the P-40 warhawk and the P-39 It was the best plane I ever flew. I never realised what fun it is to fly in a airplane before. I was instantly hooked to flying and I Never wanted to stop flying. I was hooked I was never going to quit the air force. I kept flying even during world war two. I then was involved in a carbon monoxide leak in the engine and I just managed to bail out in time and save my life to the point I was so terrified I never wanted to fly again so I settled
down and got a job with boeing and I kept that job until I retired and had kids. But those who laugh at the lessions in history shall see history repeat. It did in 2008. The end.
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 is one of the worst time for America. Books, cartoons, and articles have been written about the people during the Depression and how they survived in that miserable period. For example, the book Bud not Buddy takes place in the time of the Great Depression. Bud is a ten year old orphan, who was on the run trying to find his dad. There are many feelings throughout the book like sadness and scarceness. There are many diverse tones in the book about what people were feeling at the time.
The film, the Cinderella Man is a biographical film following the life of boxer James J. Braddock during the Great Depression. Movies such as Seabiscuit always over-exaggerate the horrible lives of people during the Great Depression. However, the Cinderella man correctly shows the life through the 1930s and accurately portrays the struggles during the Great Depression. The director, Ron Howard, depicts the depression perfectly and gives the viewer a sense of what life was like during that time by using emotions, body language as well as technical appearance.
The Cinderella Man In the movie the Cinderella man who is called James jay Braddock and he is a fighter and in his first fight he broke his hand and had a cast on for 6-8 weeks when he broke his hand the second time he got deregisted from the boxing industry until his hand was healed he could get back into the boxing industry so he could fight again and he fights to keep his family out of poverty. At the start of the movie he was fighting a boxer and he won a lot of money and then in a week or two he had no money left to feed his wife and children and he suffered in the great depression badly cause it was hard to get a job to earn money to get food for his family and one of his kids got sick so he went down to the docks to get work to earn Money
The Great Depression was the biggest and longest lasting economic crisis in U.S history. The Great depression hit the united states on October 29, 1929 When the stock market crashed. During 1929, everyone was putting in mass amounts of their income into the stock market. For every ten dollars made, Four dollars was invested into the stock market, thats forty percent of the individual's income (American Experience).
Weize Tan History 7B 3/09/14. Chapter 23 1. What is the difference between a. and a. What were some of the causes of the Great Depression? What made it so severe, and why did it last so long? a.
The Great Depression tested America’s political organizations like no other event in United States’ history except the Civil War. The most famous explanations of the period are friendly to Roosevelt and the New Deal and very critical of the Republican presidents of the 1920’s, bankers, and businessmen, whom they blame for the collapse. However, Amity Shlaes in her book, The Forgotten Man: A New History of the Great Depression, contests the received wisdom that the Great Depression occurred because capitalism failed, and that it ended because of Roosevelt’s New Deal. Shlaes, a senior fellow at the Council on Foreign Relations and a syndicated financial columnist, argues that government action between 1929 and 1940 unnecessarily deepened and extended the Great Depression.
The Great Depression America 1929-1941 by Robert S. McElvaine covers many topics of American history during the "Great Depression" through 1941. The topic that I have selected to compare to the text of American, Past and Present, written by Robert A. Divine, T.H. Breen, George M. Frederickson and R. Hal Williams, is Herbert Hoover, the thirty-first president of the United States and America's president during the horrible "Great Depression".
The United States experienced a severe economic depression during the 1930’s called the Great Depression. 13 million Americans lost their jobs, over 300,000 companies were out of business, and millions of families were living on the streets and going hungry. Sounds horrendous right? Well, this was the harsh reality for millions of Americans affected by the Great Depression. It was the most extensive, devastating economic downturn America has ever encountered.
In 1929 the United States had entered an economic slump known as the Great Depression. The Great Depression was the longest financial decline in American history. The sudden, devastating collapse of US stock market prices on October 29, 1929, known as Black Tuesday, was just the beginning of this economic decline. The Great Depression changed society, socially and economically in many ways, including: family life, crime rates, and businesses.
The Great Depression of 1929 effected not only the United States but foreign countries as well. It occurred because of the stock market crash and a drop in global trade, due to high taxes. From there on, there were programs put in place to help with the growth of the economy to come.
There were many events that led to the Great Depression. Every event affected the people worse and worse over time. The Great Depression started in the early 1930’s during Hoover’s presidency. However, before the Great Depression life was great, there were many new technologies that made life more advanced. Nobody expected such a horrible event to occur during the time of the “Roaring 20’S.”
The Great Depression was triggered after the stock market crashed in 1929. It was a period of downfall in the economy. This had a great effect on workers, unemployed, and minorities. The amount of unemployed workers increased dramatically. Along with many unemployed workers, it came with 2 long term causes: Many countries were in great debt because of the outcome of World War 1 and banks failed. Hoover got elected because believed in rugged individualism (people are responsible for their successes and failures) and voluntary cooperation (businesses and workers should work together to solve depression). His way of handling the depression was through a wait and see approach. FRD beat Hoover for presidency in 1932. He created programs and
"Great Depression in the United States." Microsoft Encarta Encyclopedia 2001. CD-ROM. 2001 ed. Microsoft Corporation. 2001
The Great Depression was the deepest and longest-lasting economic downfall in the history of the United Sates. No event has yet to rival The Great Depression to the present day today although we have had recessions in the past, and some economic panics, fears. Thankfully the United States of America has had its shares of experiences from the foundation of this country and throughout its growth many economic crises have occurred. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors ("The Great Depression."). In turn from this single tragic event, numerous amounts of chain reactions occurred.