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The great depression free essay history
The great depression free essay history
The economic causes and impacts of the stock market crash
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-How does this essay change your understanding of the Great Depression? When I think about the Great Depression, I think about the traditional American side that post-war, the economy failing because of the lack of trade and flow of money. The stock market crash and the failure of banks sparked the Great Depression, but what did not come to mind, until I analyzed the photo essay, was the effect it had on migrants and people in the farming industry to that extent. There were two large devastations during this time period: the stock market crash and the dust bowl drought. People had less faith in the bank and less faith in the ideology of saving through trusting a intermediary transaction system. After people were left without their savings in the bank, many farmers were kicked off their farms after an extreme drought. Crop failures went ramped and migrants from other countries were dealing with the devastation of not living long enough in the United States to become citizens. Animosity of immigrants grew—shown in an …show more content…
example of Filipinos farming pea crops—even though they were already being exploited by being paid next-to-nothing wages. Another interesting effect of the Great Depression was the decline of sharecropping and the lessening of marginalization. According to the photo essay, I saw some racial division in the beginning of the Great Depression where there were still segregated buildings, however, later on, different races were militant and unionized to fight against the economic exploitation of large corporations. Even though in most regards, the Great Depression impeded economic growth, there was a new emergence of social growth that only a traumatic event could bring people together. Many people in the photo essay—men, women, and children—had the look of desperation to find a job, so employers took advantage of their desperation for employment and paid them the minimum wage. Strikes and labor unions were the least effective during this time period because companies knew that if their workers left their jobs, there would always be another person in line ready for a job. People resorted to all different kinds of jobs. Those who were scared to go on relief or homelessness due to its commonality would sell apples: in New York, there were 5,000 apple sellers on one street! There was widespread homelessness—especially in cities—people were gathered in abandoned warehouses and freight cars as housing. These harsh conditions lead to worse health conditions. There was a photo of Bud field's family and the whole family had hopeless frowns on their faces and a sick child on the bed. There were images of children working and sleeping in dusty and poorly kept houses with kitchens that were stripped of food and supply. Also, I was unaware the affect the Great Depression had on children. Especially migrant children, less emphasis was placed on education but rather survival. When their primary income—like parents and older siblings—became ill and unable to work, the children often suffered migrating back on the road to find relief. -Does the essay impact your opinion whether to support Classical or Keynesian policies to fight the Great Depression? The photo essay drives me to support Keynesian policies to fight the Great Depression.
In the beginning, Hoover did not do enough to aid the Great Depression; he relied on private businesses and state and local governments to stimulate the economy, even though the federal government had such an impact on the spending economy. People were forced to asked for relief and this hindered the bounce out of the Great Depression further, rather than making long term changes necessary. I liked that when Theodore Roosevelt implicated policies in The New Deal to incorporate federal expansion into the economy. It is shown that there is never a set amount of time for a recession, which can spiral into a depression lasting as long as the Great Depression. Only active government change shifted the economy back into its spending patterns and back into global trade. That is what we need to combat the cycle that could become stagnant in the depression/recession
phase.
President Herbert Hoover was the conservative Republican president of America when the Great Depression occurred, and was given the burden of rebuilding the economy. He believed the federal government should not intervene, and instead believed that helping the needy was the obligation of private organizations and donors, whom he pressured. In addition, Hoover granted loans to big businesses, hoping that the money would “trickle down” and that more employees would be hired.
In 1929, the stock market crashed, bringing great ruin to our country. The result, the Great Depression, was a time of hardship for everyone around the world. The economy in the US was lower than ever and people were suffering immensely. During these trying times, two presidents served- Herbert Hoover and Franklin Delano Roosevelt (F.D.R.) Both had different views on how the depression should be handled, with Hoover believing that the people could solve the issue themselves with no government involvement, and with F.D.R. believing that the government should work for their people in such difficult times.
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.
In conclusion, Herbert Hoover tried every method he could think of to combat the Great Depression, unfortunately for him, he didn't know what the proper method was. This depression was unprecedented in American History, and Hoover tried to just let boom and bust run its course. He had some good ideas but they were too late in his term, he was too orthodox in his thinking, and he wasn't willing to try anything drastic. Herbert Hoover could have been a great president in a different era, but he just happened to be very unlucky with when he was elected. Hoover may end up being one of the worst presidents in history, but when you look at it closely, he was a victim of circumstance and environment.
The Great Depression often seems very distant to people of the 21st century. This article is a good reminder of potential problems that may reoccur. The article showed in a very literal way the idea that a depression can bring a growing country to its knees. The overall ramifications of the event were never discussed in detail, but the historical significance is that people's lives were put on hold while they tried to struggle through an extremely difficult time.
The Great Depression lasted for a period of time in which America elected two different presidents, Herbert Hoover and Franklin D. Roosevelt. Both had policies that they used to help with the economy downfall but Roosevelt’s were more effective.
Historians claim that Hoovers term during the depression was filled with false promises and accuse the president of doing nothing while the depression worsened. Along with worsening the debt and a fairly aggressive use of government it is clear his approach towards the situation was not the best. FDR’s approach would prove during his administration to suffice in the augmentation of the crisis. Although it seemed like a completely opposite presidency, many ideas came from his predecessor. Roosevelt’s team of advisors understood that much of what they produced and fashioned into the New Deal owed its origins to Hoover’s policies.
The Great Depression wreaked havoc on the economy, and in light of this President Hoover and President Franklin D Roosevelt Both initiated programs and policies to counter act the effects, however both had very different approaches with varying degree of efficacy. Through their actions, the American people would generally perceive both men quite differently, and cultivated fear in direct respect to both men's approach--both men would earn their critics as the long term effects played out. Hoover and FDR had fairly opposite approaches to solving this horrid depression.
The Great Depression was the worst period in the history of America’s economy. There is no way to overstate how tough this time was for the average worker and there was a feeling of desperation that hung over the entire country. Current political wisdom leading up to the Great Depression had been that the federal government does not get involved in business or the economy under any circumstances. Three Presidents in a row; Warren G. Harding, Calvin Coolidge, and Herbert Hoover, all were cut from the same cloth of enacting pro-business policies to generate a powerful economy. Because the economy was doing so well during the “Roaring 20s”, there wasn’t much of a dispute
President Hoover tried to fix what the Great Depression has caused but he was not extremely successful. Hoover had only been in office for seven months when the stock market crashed; he believed in a limited a role for government and worried that excessive federal intervention posed a threat to capitalism and individualism (“Herbert Hoover”). Hoover tried a variety of measures he adjusted taxes, asked industries not to cut wages, and pushed for public works projects, but as the depression deepened people began to blame Hoover. They even made shantytowns that were called “Hoovervilles” (“The Great Depression” Gale). President Hoover quickly became the nation’s scapegoat for the severe economic crisis that followed the stock market crash (“The New Deal”). A few of Hoover’s programs that he introduced became key components of later relief efforts (“Herbert Hoover”). Franklin Delano Roosevelt soon was elected and became the president; he came up with the New Deal that was a major key in the conclusion of The Great Depression. Franklin D. Roosevelt was elected as president in the 1932 election (“Franklin Delano Roosevelt”). Roosevelt initiated a variety of programs to revive the economy with various levels of success (“The Great Depression” Gale). Although Roosevelt gave few details about his plan, he indicated that he would focus on
The causes of the Great Depression of the 1920's and 1930's has been argued about for generations. Most people agree on several key topics and that it was the severity and length of time the Depression lasted that was actually the most remarkable. Hoover made many noteworthy attempts to try and solve this crisis, yet in the end it was President Roosevelt and his "New Deal", that brought many Americans hope for the future.
The Great Depression did not happen over night but for some it must have felt that way. However when the stock market crashed in October 24, 1929, it may have felt for most that they say was falling rather quickly and rather unpredictably. In truth though the events leading up to the Great Depression may have clued into down fall of the economy. This was not America first Great Depression; in fact there was another in 1819. Under the leadership of President Van Buren, the government chose to take a laissez-faire stance on the subject, only helping land debtors in matter of money, this set a precedent to do so every time there was an economic dip in America. However in 1929, President Hoover chose to take a different approach, which was coined, by Anderson at the “Hoover’s New Deal” or simple “New Deal”. This called for heavy government intrusion, with increased wages prices and rates. This “New Deal” was ultimately a failure.
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.
In response to the Stock Market Crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous President, Hubert Hoover. Hoover allowed the country to fall into a complete state of depression with his small concern of the major economic problems occurring. FDR began to show major and immediate improvements, with his outstanding actions during the First Hundred Days. He declared the bank holiday as well as setting up the New Deal policy. Hoover on the other hand; allowed the U.S. to slide right into the depression, giving Americans the power to blame him. Although he tried his best to improve the economy’s status during the depression and ‘pump the well’ for the economy, he eventually accepted that the Great Depression was inevitable.
The Great Depression is known as the greatest time of recession in American history. Many factors contributed to this hard time. With the stock market boom in the 1920’s, our country was filled with optimism for the future. Although there were signs of problems to come former President Herbert Hoover was just as convinced as the nation that they were only going through a rough patch and would be back on their feet in no time. That was until the stock market crash of 1929, which marked the beginning of the Great Depression. The stock market crash led to bank and company failures. Many people became unemployed and had to leave their homes. Families also had to move away because of the drought that caused dust storms and ultimately the Dust Bowl. Soon enough, thousands were migrating to find jobs elsewhere. Eventually when former President Franklin D. Roosevelt was elected into office, he presented America with “The New Deal,” the plan that would save America and bring the nation up and out of the recession.