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Explain the causes of great depression
Explain the causes of great depression
Effects of the new deal on the economy
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The Great Depression was a period in America's history, from 1929-1939, when America’s economy went into a deep recession. The stock market crashed, banks closed, jobs closed down and 1 in 4 Americans was unemployed. In 1932, the people elected Franklin Delano Roosevelt to be President of the United States. He made a plan to try and stop the Great Depression and that plan is called the New Deal. In the New Deal, there were a lot of plans and agencies that would relieve the American people, help them recover, and then make reforms so the Great Depression won't happen again. Under recover, there was an agency called the Works Progress Administration (WPA). The construction of the LaGuardia airport is a project by the WPA. The WPA was, as stated before, a New Deal agency. Harry Hopkins was the head of the WPA. The WPA provided millions of jobs for Americans. The WPA employed 3.4 million people. They employed citizens of both genders, but 13.5% of the WPA employees were women. The aim of WPA was to create public projects that would last a long time. By 1943, the WPA had built …show more content…
There was also that the WPA brought beauty back into America. It helped us remember that nature and industrialism can work side by side. By making national parks, Americans appreciated the beauty of nature. The long-term effects of the WPA are trusting in government in times of need, and beauty in America. The WPA built murals which brought beauty to the cities where no plants could thrive, and where no space for plants could be. The LaGuardia airport’s short-term effects were an increase of jobs and faster and more efficient way to travel. The long term effects are the same with the short term effects. We are still being influenced by both. The WPA ended in 1943 because WWII helped boost the economy out of the Depression; it had become
The New Deal provided much needed relief for many families across the nation. Eleanor Roosevelt did her best to help children throughout the entire country though she never actually replied to all of the letters that were sent to her from children she did help by creating such programs as the National Youth Administration (NYA) giving kids that were in high school and college, money and grants in return for work in the school or on farms, this also help provide job skills for in the future. Eleanor also created the Works Progress Administration (WPA), which helped provide nursey schools for working mothers, nutrition programs in school, created stores that provided clothing, food, toys, etc. to families that deserved it and recreational and educational programs for disadvantaged children. Together both President Franklin D. Roosevelt and his wife, Eleanor Roosevelt helped create a better nation in the time of need for many children and adults and for some future generations to
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. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. 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...
Some of these disadvantages consists of the American economy being affected negatively. For instance, New Deal turned out be really expensive and almost double the American debt. In fact, the expenses were coming out of the rich class pockets and angered rich American family. Furthermore, Wagner Act in 1935 caused problems in the relationship between the factory owners and government because business was not prepared to face all the new restriction implied by the laws in this deal. It was argued that the “New Deal initiative to improve wage levels could not be successful if company unionism were permitted because an employee organization limited to a single employer deprived workers of critical information about national labor markets and business conditions and because employee representatives could never be wholly free to bargain with the employer who controlled their livelihood” (Cooper 861). On other side, it was also affecting the benefiters such as farmers whom disliked being controlled and were forced to dismissed their corps to avoid the over production. In fact, droughts caused more tension in the agriculture sector due to the high regularities practices. The New Deal affected Black American ethnicity because they were still being persecuted and American society was still looking down at this ethnic group because skin color was key factor during that time period compared to the capability. People further argued that the “New Deal” wasn’t a success because it did not end the depression fully. However, the laws that Roosevelt created and passed were sure enough to bring back humanity in the
America get back on its feet again. The agencies like the C.W.A and the W.P.A gave jobs to approximately 13 million workers decreasing unemployment and they also repaired airfields, schools, hospitals and roads. The C.C.C gave work to 2.5 million unemployed single men who restored forests, beaches and parks the C.C.C gave the young men training which did help them get jobs later on in life. However everything was not perfect with Roosevelt's Alphabet agencies, the N.R.A was a agency that dealt with the fair work fair wage giving the American workers who were signed up with them a fair competition. In 1935 two brothers broke one of their acts for selling diseased chickens the N.R.A took them to court where they were found guilty, the brothers appealed to the Supreme court where the supreme court declared that it was the business of the New York State and not Washington.
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).
The Great Depression of the 1930s was a catastrophic time period of international stock market crashes, economic downfall, and drop in world trade. This led millions of Americans to become poor overnight, spiraling them into poverty. Consequently, many factories, businesses and construction projects slowed down. With production at a minimum, many workers were let go. Those who kept their jobs saw their salaries drop. Soon, the streets were filled with bread lines, soup kitchens, and many homeless people. Even farmers throughout the nation were affected by this event and were forced to leave their harvesting crops rotting in the fields. In 1932, President Franklin Delano Roosevelt, introduced to Congress the New Deal. The programs and projects of the New Deal were designed to help America and her citizens get back on their feet. The Public Workers Administration (PWA) was created by the National Industry Recovery Act on June 16, 1933 by the President's first female cabinet member, Frances Perkins, along with Harold Ickes, James Farley, and Henry
After the depression America was in a state mass hysteria as the Wall Street crash had caused a massive crisis among the American public because the impact of the wall street crash caused 12 million people out of work, it also caused 20,000 companies to go bankrupt and there were 23,000 suicides in one year because of the wall street crash this was the highest amount of suicides in a year ever. The main aims of the new deal were Relief, Recovery and Reform, Relief was for the Homeless and Unemployed, recovery was for Industry, Agriculture and Banks and Reform was to prevent the depression form happening again. The structure of The New Deal was the First Hundred Days (1933) where he would focus on relief by helping the homeless and unemployed and recovery by helping industry, agriculture and banks, there was also the Second New Deal where he would focus on Reform, preventing the depression from happening again. Roosevelt believed that the government should help those people worst affected by the depression, this is why he created over 50 alphabet agencies to deal with the problems caused by the depression, this is why he introduced the new deal because he wanted to ease the pressure
The New Deal provided Americans with the assurance that things were finally changing. People were being employed, acts were passed, discrimination was addressed and women's opportunities were restored. Roosevelt's New Deal reshaped both the economy and structure of the U.S, proving it to be an extremely effective move for the American society with the economic security and benefits still being used
AAA, CCC, TVA etc.) The Alphabet Agencies provided work for millions: unemployment fell from a peak of 14.9 million in 1933 to 10 million four years later. The income of farmers doubled between 1932 and 1939 as a result of the AAA. 2.5 million People were employed in the CCC. Around 200,000 black Americans gained benefits from the CCC and other New Deal Agencies. Many benefited from slum clearance programmes and housing projects. TVA regenerated and bought electricity to a large area with 7 million people benefitting. Many new airports, roads, schools and hospitals were built by the Alphabet Agencies. These benefited American society long
One of the programs, which the New Deal instituted, was the Workers Progress Administration. The stated purpose of the Workers Progress Administration was to provide useful work for millions of victims of the Great Depression and thus to preserve their skills and self-respect. The economy would in turn be stimulated by the increased purchasing power of the newly employed, whose wages under the program ranged from $15 to $90 per month. Although this administration lasted only 8 years it gave the understanding that a middle class American society would have to commence, for the economy to operate.
In a time of dire need there is always at least a sliver of hope that remains, a light that never goes out despite the darkness around. If this is the case, for a time such as the Great Depression than what was that “sliver of hope” or that “light in the darkness”, so to speak? Although President Franklin Delano Roosevelt’s other efforts are much appreciated, the “light” of the Great Depression is, hands down, the Works Progress Administration. Why? The Great Depression was a time of despair and unfortunate events for all citizens of the United States; left and right, the homeless and the jobless were seen forlornly sauntering the streets seeking jobs that could and would not be found. It is in this instance that the Works Progress Administration takes the stage, created by President Franklin Roosevelt, the WPA’s sole reason of existence was to employ the jobless by funding public works projects. With these projects the unemployed were given jobs and projects were carried out such as the photography projects of the Farm Security Administration. Among the most famous photographers of these projects are Dorothea Lange, Walker Evans, and Russell Lee.
In response to the Great Depression, the New Deal was a series of efforts put forth by Franklin D. Roosevelt during his first term as United States’ President. The Great Depression was a cataclysmic economic event starting in the late 1920s that had an international effect. Starting in 1929 the economy started to contract, but it wasn’t until Wall Street started to crash that the pace quickened and its effects were being felt worldwide. What followed was nearly a decade of high unemployment, extreme poverty, and an uncertainty that the economy would ever recover.
The Works Progress Act, one of many programs offered by his New Deal, offered hundreds of thousands of unemployed and unskilled workers job opportunities. The purpose of the program was to end the depression or at least diminish some of the damage it had done, and give all citizens an equal opportunity to earn money for themselves and
3 Mar 2014. http://rooseveltinstitute.org/policy-and-ideasroosevelt-historyfdr/new-deal>. The "Work Progress Administration (WPA). " The American Experience. PBS.
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.