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The great depression of the 1930
Difficult the great depression
Great depression in America
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During the 1930’s, Americans were going through what was known as the Great Depression. Once the stock market crashed after investors lost security and confidence so in October 1929, the economy fell. Since the economy was great during the 1920’s, people were not prepared for the economic hardship. Many people had no savings so they could not deal with the loss of money. They lost their jobs and homes and were impacted psychologically and physically. Not only did they have to deal with the loss of money, they had to deal with one of the greatest natural disasters (America: The Story of Us, 2010). Families ended up being extremely affected by the Great Depression.
After the stock market crash and the fall of the economy, many people lost their jobs and had to deal with unemployment. About 1.5 million people became unemployed. More than half the population, eighty percent in many states, had no savings, people lost almost everything (America: The Story of Us, 2010). Since they lost their properties they ended up moving into shanty towns where they had to wait in bread lines to obtain even the smallest amount of food to support themselves because food and basic necessities were becoming difficult to get. Unemployment led to nuclear families
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being destroyed because there was not enough money to support everyone. Children, teens and families suffered the consequences of the Great Depression.
Children and teens were kicked out by their guardians, forcing them to get jobs and take care of themselves because their families could not provide them with enough food to survive. Then before the old man could start giving any more hints, I scrams (Minehan, p.37-38). They were forced to make a living on their own and occasionally had to steal in order to survive but some tried to avoid that. While the necessities of life are forcing many young tramps to beg and steal or to starve, many clever ones are doing neither (Minehan, p.129-131). Families were no longer families because people were individually trying to survive through such a harsh
time. Apart from suffering economically people had to deal with one of the biggest natural disasters in history, the dust bowl. This not only affected families living in the area, it also drastically affected farmers, making them lose about 26 million which impacted them a lot (America: The Story of Us, 2010). The people that left the area were called migrants. There were around 4 million people that left west to find a better life. This caused more competition for jobs, there were barely enough jobs since the fall of economy now it was even worse because more people wanted to work (America: The Story of Us, 2010). Since there were many problems in the United States, presidents like Herbert Hoover and Franklin D. Roosevelt had to try to help people get through the depression. Herbert hoover depended on the people to work it out themselves he believed in rugged individualism. Hoover believed that American people would help each other, that member of communities would fix their own problems (Oxford, 2015, p. 131). Roosevelt on the other hand created the new deal which had many programs in order to help the people get through the Great Depression. That is why Roosevelt was popular among the people of America. Even though the people of the United States had to deal with so much during the Great Depression, losing family, jobs, and homes, they had each other and their presidents to help. Even though the economy eventually got better, people were physically and psychologically scared. Families were incomplete because of starvation and people had to find ways to get back on their feet after losing everything. The Great Depression really affected the lives of so many people. It proved that the 1930’s was a tough time for America.
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...
They way people interacted with others changed in the Great Depression. One of the main changes is the way the family was run. During the glutted 1920s, the father is the support of the family while the mother do the housekeeping. When the great depression struck, the men lost their jobs. They can no longer support their families. Because of self pride, many fathers left their families and never came back because felt that they lost their purpose in the
The economy during the thirties was very bad in America. At the end of the last century, in 1929, the stock exchange crashed. It is referred to as the Wall Street crash and the collapse of the NY stock exchange, but most importantly it started the Great Depression. Every day there were more bankruptcies and layoffs. Even big, seemingly indestructible companies were in danger. Companies like Industrial Steel. They had to lay off 225,000 workers. The Great Depression hit everywhere and everyone. There was no food and no money. People rushed to the banks to get their savings, but there was no money to get. Nine million savings accounts were wiped out. Bank failures crushed tens of thousands of people. Everyone was selling all they had. Half the families in the United States were facing eviction. Four million United States families were without means for one year after the crash. Hoovers theology was that if America was left alone, it would right itself. So he did nothing. When Roosevelt became president, he closed down all the banks and rushed them two billion dollars, then reopened them. Roosevelt, although this was not enough to fix what the crash had done to America, attempted to bring America back from the brink.
The Great Depression, beginning in the last few months of 1929, impacted the vast majority of people nationwide and worldwide. With millions of Americans unemployed and many in danger of losing their homes, they could no longer support their families. Children, if they were lucky, wore torn up ragged clothing to school and those who were not lucky remained without clothes. The food supply was scarce, and bread was the most that families could afford. Households would receive very limited rations of food, or small amounts of money to buy food.
The 1920s were known as carefree and relaxed. The decade after the war was one of improvement for many Americans. Industries were still standing in America; they were actually richer and more powerful than before World War I. So what was so different in the 1930’s? The Great Depression replaced those carefree years into ones of turmoil and despair.
The Great Depression was just that, great. It was a unique experience that America has only gone through once… or perhaps twice? Maybe the 2008 American economic crisis did not lead to a recession at all; maybe it led to a second Great Depression. Of course that’s utter insanity, because everything from the numbers to the feelings show that 2000-2010 was nothing like the twenties and thirties. Realistically the most recent American recession was a barnacle on the whale of the Great Depression. Children of the recession can confirm to you that very little was similar to their twenties brethren. There was no widespread disgrace and debilitating state off living, there was only mild annoyance.
Who: the entire United States. What: the bottom fell out of the market, and shareholders frantically tried to sell before the prices plunged. 16.4 billion shares were dumped that day. People who bought stocks on credit were stuck with huge debts, and others lost most of their savings.
During 1928, the stock market continued to roar, as average price rose and trading grew; however as speculative fever grew more intense, the market began to fall apart around 1929. After the stock market crash, a period began that lasted for a full decade, from 1929 to 1939, where the nation plunged into the severest and the most prolonged economic depression in history - the Great Depression. During this inevitable period, the economy plummeted and the unemployment rate skyrocketed due to poor economic diversification, uneven distribution of wealth and poor international debt structure.
The years berween 1929 and 1933 were trying years for people throughout the world. Inflation was often so high money became nearly worthless. America had lost the prosperity it had known during the 1920's. America was caught in a trap of a complete meltdown of economy, workers had no jobs simply because it cost too much to ship the abundance of goods being produced. This cycle was unbreakable, and produced what is nearly universally recognized as the greatest economic collapse of all times. These would be trying years for all, but not every American faced the same challenges and hardships. (Sliding 3)
rural lifestyle and moving to cities where they could find work, but lived substandard lives.
Many of people today feel trapped inside their homes, just how the women of Pre-Industrial Europe felt. Working day in and day out inside the homes, just to keep the family together, and make a little money on the side, these women were an integral part of Pre-Industrial families. Not only were the women important to Pre-Industrial European families, but so were the households. Much of the money was made in the households, and this is where families either succeeded or failed. The household and women of Pre-Industrial Europe played an integral role in the economy of the families, and more importantly, the women of these households kept them running smoothly. Without either of these important aspects of life in Pre-Industrial Europe, it is safe to say that the families would have collapsed, due to a lack of organization and structures. Pre-Industrial Europe, in which the women and the household were “the factories” per se, due to the income they generated, was much different from the Europe we know today. Leading into the Industrialization of Europe beginning in the late 1700's and lasting through the early 1800's, the household played an integral role in the family’s income. Without the household, the families would literally collapse, due to a lack of organization and stability. Within these important family sub-units, there was one married couple, their children, the family’s servants, and in some cases, depending upon the region of Europe, there were grandparents, aunts and uncles. Not only did the father and servants of the house work, but also the women and children. Also, in the case of there being more than one generation of family in a single household, depending upon the region of Europe, the grandparents, aunts, and uncles would also work within the house. Once the children of these households reached a certain age, usually the early teens, they were sent off to work in a house as a servant. These servants were different then the servants of today, as they worked for room, board, and food, not waiting on the family. Once they started to generate income, the teens would save up the money necessary to begin their own family. However, there were the few exceptions; teens that did not work as servants, and ended up marrying into an existing household. This however,...
Over a period of 10 years, people lost their jobs, due to the stock market crash. As a result, they did not have the money to buy goods, so more businesses closed. Landlords evicted tenants from their apartments and banks repossessed people’s belongings and houses, because the people could not pay the rent or mortgage. The children who experienced suffering in this story gave a solemn example of a runaway youngster’s low chance of survival in the event of another Great
Do you know what it’s like to live in a cardboard home, starve, and raise a family in poverty? Unfortunately, most Americans in the 1930s went through this on a day-to-day basis. In 1929 the stock market crashed. Many people lost their life savings; they invested everything they owned in a failing stock market. The country was falling, everyone needed strong leadership and help from the government.
United States were all also affected differently once the Depression ended. I feel that the
Where do we go from here? How does America pick up the pieces of the past and move forward? Our most recent economic trouble occurred in 2008, most likely as a result of the failing housing market. America has still not yet fully recovered after almost 6 years. The worst economic trouble in our nation’s history was referred to as The Great Depression between the 1920s and 1930s. During this period, the Stock Market was the final straw that caused the economic bubble pop and the market to collapse. Many people are unknowledgeable about what it means to be financial literate, and in order to survive future generations will need it and know how to put it into affect. They say, “History repeats itself”; I believe