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The great depression and it's impact
Impacts of the great economic depression
Impacts of the great economic depression
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October 29, 1929 was a dark day that made the textbooks as 16,410,030 shares of stocks were sold in swarms, consequently beginning the Great Depression. This day will forever be known as “Black Tuesday”, when the stock market went from an upbeat roaring to a screeching halt. The Nation’s economy diminished, banks failed, and people everywhere suffered from scarcity and insufficiency of resources and job opportunity. Which left more than 10 million unemployed workers and their families submerged into the pit of poverty (American Heritage Center). A response of some people, usually teenagers was to “ride the rails” in order to survive during the lack of basic necessity. Later on, the people were in a foul disposition as the presidential campaign …show more content…
With no promise of reaching a destination they lived meal by meal and day by day by hopping freight trains which was at the time illegal. “Teenagers that were new to the road had high hopes to where there journeys would lead”(Riding the Rails). These people were identified by the phrase “hobo(s).” Historians described riding the rails as having a “romantic appeal but a harsh reality” (Ganzel). What they found was that many were in more danger than it appeared during the depression since it was a popular solution for many of the young folks. With a train going 60 or 70 miles an hour a small turn could throw you right off the train if you weren’t paying attention; many people died that way. In the documentary Riding the Rails a woman shared that the first thing she had been told to do was to, “slap your knees down so a switch won’t snag you off, right into eternity,” which had struck fear and doubt into her at the beginning (Riding the Rails). Often times railroad workers would hire extra hands to watch cars to prevent the homeless from hitching rides on their freights. The solution to this usually was violence by the road employees whom would beat or kill the hitchhikers who refused to get off at the next stopping …show more content…
Roosevelt overall proved himself to be a valuable asset during this time by introducing his New Deal that brought the country back to life. Although the slumps through this time in history seemed impossible to overcome, there was much success in improving most, if not all of the fundamentals of the American society. It was an immense recovery without being a tremendous victory. While riding the rails was exhilarating it was also dangerous and consisted of many who became outsiders to the life they once knew. While taking risks and fighting for their lives, most “hobos” survived when many were conquered by starvation and violence. As a result of all aspects present during this time the country eventually triumphed over the distraught that filled lives by the success of their leader and cooperation of the people that had not come easily.
Works Cited
American Heritage Center "Franklin D. Roosevelt -New Deal." Franklin D. Roosevelt . N.p., n.d. Web. 15 Mar. 2014.
Beattie, Andrew. "What Caused The Great Depression?" Investopedia. N.p., 26 Feb. 2009. Web. 13 Mar. 2014.
Ganzel, Bill. "Riding the Rails during the Great Depression." Riding the Rails during the Great Depression. Ganzel Group, 2003. Web. 19 Mar. 2014.
Kennedy, David M., Lizabeth Cohen, and Thomas Andrew Bailey. The American Pageant: A History of the American People. Boston, MA: Wadsworth
The Eleanor Roosevelt Papers."The Great Depression." Teaching Eleanor Roosevelt, ed. by Allida Black, June Hopkins, et. al. (Hyde Park, New York: Eleanor Roosevelt National Historic Site, 2003). 6 March 2010. .
The Eleanor Roosevelt Papers."The Great Depression." Teaching Eleanor Roosevelt, ed. by Allida Black, June Hopkins, et. al. (Hyde Park, New York: Eleanor Roosevelt National Historic Site, 2003). http://www.nps.gov/archive/elro/glossary/great-depression.htm [Accessed March 10, 2010].
Kennedy, David M., et. al. The American Pageant; A History of the American People. 14th ed. Boston: Wadsworth, 2006.
Kennedy, David, Cohen, Lizabeth and Bailey, Thomas. “The American Pageant Volume II: Since 1865.” Boston: Houghton Mifflin, 2006.
Pindar, Ian. "The Forgotten Man: A New History of the Great Depression by Amity Shlaes." The Guardian, August 9, 2009.
After nearly a decade of optimism and prosperity, the United States took a turn for the worse on October 29, 1929 the day the stock market crashed, better known as Black Tuesday and the official beginning of the Great Depression. The downfall of the economy during the presidency of Herbert Hoover led to much comparison when his successor, Franklin D. Roosevelt, took office. Although both presidents had their share of negative feedback, it is evident that Hoover’s inaction towards the crises and Roosevelt’s later eccentric methods to simulate the economy would place FDR in the positive limelight of fixing the nation in one of its worst times.
Smiley, Gene. Rethinking the Great Depression. American Ways Series. Chicago: Ivan R. Dee, Publisher, 2004.
"America's Great Depression and Roosevelt's New Deal."DPLA. Digital Public Library of America. Web. 20 Nov 2013. .
McElvaine, Robert S, ed. Down and Out in the Great Depression: Letters from the Forgotten Man. Chapel Hill: The University of North Carolina Press, 1983.
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".
During the 1930’s at the time of desperation and hardship people were affected by economic conditions that were beyond their control. These conditions brought about hunger, loss of homes, and lack of jobs. At the height of The Great Depression there were more than 250, 000 teenagers living on the road in America (Uys.,Lovell., 2005). Riding the Rails vividly shares the lives and the experiences of then youths who rode the rails or trains, as teenagers. Some left home to escape poverty or troubled families and others left because it seemed like it would be a great adventure. Teenagers who were new to the rails had high hopes of where their journeys would take them.
Watkins, T.H.. The Great Depression: America in the 1930s. Boston: Little, Brown & Co., 1993.
In order to protect people’s benefits and provide a easeful life to people, Roosevelt started the New Deal followed his first inaugural address. When FDR gave his campaign speech at M...
Bailey Thomas A., Kennedy David M, The American Pageant: A History of the Republic 10th ed , Lexington, Massachusetts, D.C. Heath and Company,1994.
"Great Depression in the United States." Microsoft Encarta Encyclopedia 2001. CD-ROM. 2001 ed. Microsoft Corporation. 2001