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The Great Depression was a time were very few had money or even a job. Many people were losing their houses for their debt. Shanty towns were made for the homeless. Many say that president Hoover didn’t do enough to help get out of the Great Depression. The Great Depression was a bad time for Americans.
The stock market was going good before the Great Depression. It was so good that many people took loans to buy stocks. When the stock market started to go down a little they all sold. They sold for too cheap and couldn’t pay the bank. So either came up with money or lost their house. This was the main cause of the Great Depression. President Hoover’s response to the Great Depression wasn’t great.
The policies of president Hoover was to do
The Great Depression is a sad era in United States History. The Great Depression was a massive economic depression. It affected many people’s lives across the United States. People’s lifestyles changed dramatically going into the Great Depression. There were many factors that caused the Great Depression.
FDR's Response to the Great Depression. The stock market crash of 1929 set in motion a chain of events that would plunge the United States into a deep depression. The Great Depression of the 1930's spelled the end of an era of economic prosperity during the 1920's. Herbert Hoover was the unlucky president to preside over this economic downturn, and he bore the brunt of the blame for the depression.
The great depression was a very sad and hard time. This was a time where people had little money, no available jobs and just had a hard time with everything. Many people had nd any way to make money whether it was cutting kid’s hair in neighborhood, picking fruit, selling iron cords house to house or even painting a house for 5 dollars. Even though this was a very hard time some people still had hope that things would get better. This was a really bad time until Franklin Roosevelt who was for the government supporting the Americans and not the other way around became president.
The Great Depression is a an era when the US economy was at its lowest. It is after the Roaring 20s. The depression was caused mainly because of the crash of the stock market in 1929 and the government’s failed attempts to help the people. Many people’s belongings are bought with credit so they lost all their money and most of their things when the bank system failed. Others lost their jobs and many men left their families because they felt ashamed that they can’t support their family. The social fabric of the Great Depression changed greatly from the previous era. The changes in the social, the political, and the economic part of the US are part of the change in the social fabric.
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.
The Great Depression was a period in United States history when business was poor and many people were out of work. The beginning of the Great Depression in the United States was associated with the stock market crash on October 29, 1929, known as Black Tuesday. Thousands of investors lost large amounts of money and many were wiped out, lost everything. Banks, stores, and factories were closed and left millions of Americans jobless and homeless (Baughman 82).
The New Deal was President Franklin D. Roosevelt’s response to the great Depression during the 1930’s and the term came about during his campaign for presidency. This changed the way the federal government functions. It was proposed by FDR as the right of the people to make a comfortable living provided by the government. It was passed by Congress to be a set of government programs meant to fix the Great Depression and prevent another depression from occurring. Within the first one hundred days of his Presidency, President Roosevelt passed many pieces of legislation that created jobs, welfare payments, and created the NRA, which is where business leaders and government organizers worked together to establish industry standards of production,
During the Great Depression the task of being president of the United States became even greater, because of the suffering economy. Herbert Hoover was one of the president’s who was faced with this challenge. In fact, he was President during the time of the stock market crash. During his time as president there were many controversies that surrounded him. Many people felt that he wjhnot reaching his full potential as president through some of the things he helped organize in order to help the struggling economy. In actuality, he was doing more than others before him for the economy, but unfortunately it was not enough and what little help he did provide came too late. Part of the reason he acted too late was, because of his opinions and thoughts on the Depression and how the government should go about remedying it. President Hoover’s thoughts and views greatly affected the economy and the ways it was dealt with during his presidency.
The experiences of Americans during the Great Depression varied greatly. For most, the Great Depression was a time of hardships and trials. The way that people were tried were different though, some languished in a collapsed economy, while others had to struggle to make a living in the remote regions of the country.
If Herbert Hoover had not become President of the United States, he would be remembered as an exceptional man of his age. Even though he was orphaned at age nine, he was in the first class to graduate from Stanford University, and after that, he became a successful mining engineer, travelling all over the world establishing business enterprises until he became a multi-billionaire. Then in 1929, less than one year after Hoover became President, Black Tuesday happened and the United States was plunged into the Great Depression. While some people both at the time and since have blamed Hoover for the depth of suffering Americans experienced during the Great Depression, many economists and historians argue that Hoover was not really to blame. He should only be partially faulted because there were many other factors that greatly affected the Great Depression.
Many people thought that President Hoover did not take the appropriate actions to end the conditions of The Great Depression. President Hoover thought that the decreasing economy would only be temporary. Hoover decided to give advice to businesses and local government. He told businesses to not cut wages or production. This eventually led to over production then unemployment. These were two major components of The Great Depression and also why people believed that President Hoover did not take the appropriate actions to end the conditions of The Great Depression. Next, Hoover even agreed to allow more money for public works. He believed this would help provide more jobs to create bridges, parks and libraries. Later, state and local government ran out of money to support public works. Therefore, Hoover was forced to try a new remedy to end the conditions of The Great Depression. President Hoover decided to try to help with the RFC (Reconstruction Finance Corporation). This was when money was lent to businesses or programs providing help for the needy or in other words, relief. This plan was unsuccessful because directors did not want to grant risky loans and suffer the consequences. President Hoover also refused to give WWI veterans their $1,000 bonus immediately. Soldiers were promised a $1,000 bonus by 1945. Since these soldiers were coming home in the mist of The Great Depression, they wanted and needed their money in advanced. Most Veterans were out of work by the time they got home and they formed a group. The jobless veterans, who formed a group called The Bonus Army, marched to Washington D.C. to protest. Some people gave up the protest and left while others stayed. At one point the protest got so violet between the veter...
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different.
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 effect from both the Dust Bowl drought and the Great Depression made it hard on farmers in the early 1900’s; it was hard for farmers to produce crops (“The Ultimate AP US History”). Farmers with small businesses were forced to end their profession because of the new economic climate. As the farmers left the business of agriculture, there was less crop to sell the country (Pettinger). With the drop in prices after the war, it was difficult for farmers to stay current with loan payments (Romer and Pells).
Herbert Hoover and Franklin Delano Roosevelt belonged to two different political parties, so it was inevitable that the two would handle the great depression differently. President Hoover, a republican, dealt with the depression in a more conservative manner; in his eyes, the federal government should not intervene. President Roosevelt was a Democrat during the great depression that took initiative and created governmental agencies to create jobs and therefore create and complete public service and infrastructure projects. President Roosevelt dealt with the depression in a better manner than Hoover.
The Great Depression was a period of first-time decline in economic movement. It occurred between the years 1929 and 1939. It was the worst and longest economic breakdown in history. The Wall Street stock market crash started the Great Depression; it had terrible effects on the country (United States of America). When the stock market started failing many factories closed production of all types of good. Businesses and banks started closing down and farmers fell into bankruptcy. Many people lost everything, their jobs, their savings, and homes. More than thirteen million people were unemployed.