The Great Depression was caused by three major factors. The first was because of the collapse of the stock market and fear came as a result.The second was because of the high unemployment of civilians. The third and last was because of the act of protectionism the United States enforced. These all contributed equally to the Great Depression of 1930.…
The Great Depression had many causes that built up to make it as big as it was. During World War I the U.S. had loaned supplies and money to their European Allies; not having these supplies or money caused the countries to go into debt making the depression go worldwide. The U.S. had a weak economy. There was an inability of the political and financial institutions to cope with the downward spiral that had started in the late twenties. Even after political intervention fifteen percent of the work force were unemployed. The biggest cause of the Great Depression was the 1929 Stock Market Crash. On October 29, 1929 stock market prices dropped dramatically and continued to drop for the next three years. “Stock prices in the United States continued to fall, until by late 1932 they had dropped to 20% of there value in 1929”(Britanica 1).…
These two presidents are almost total opposites in their morals, political views, and their beliefs on how to stop the Great Depression. Herbert Hoover was a faithful family man, as far as we know, and is viewed as one of history’s most incompetent presidents. They named the shantytowns that they had to live in during the Great Depression Hoovervilles after his failure to stop the Great Depression.…
The Great Depression came has a huge hit not only the American economy, but also to the whole world's economy. To stop such a devastating depression, the U.S. government had to come up with a plan to combat the issues. Franklin D. Roosevelt was the president at the time, what he came up with to fight the Great Depression was called the New Deal. Within the New Deal there are the three R’s, which are relief, recovery, and reform. Roosevelt believed the New Deal would help heal the U.S. economy, but in the end, only a few aspects of the New Deal helped the economy, whereas a lot of the other aspect did no good for America.…
When the Great Depression began in 1932, 13 million people were jobless and by 1933 28 states had no banks. It all started when a newspaper article said that the U.S. Bank was unstable, which caused people to go and withdraw their money from the banks. This made panic erupt and more people withdraw their money and eventually the banks ran out of money and collapsed. 2 million men and 200,000 children roamed the country or families lived in poor scrap neighborhoods called Hoovervilles, named after the president the people believed caused the depression, Herbert Hoover. Once Franklin D. Roosevelt was elected for president, he declared he was going to fix the problems that the Great Depression caused.…
During the Great Depression, FDR had a great detail on doing all this he was one of the biggest influences in it. The great depression was big and helped many due to FDR's, programs to end the depression, which was getting better except hurting many poor people, but helped farmers making many programs like Agricultural Adjustment Act (AAA),Civil Works administration (CWA) which helped Provided public works jobs at $15/week to four million workers ,and also The Works Progress Administration which employed many people up to 8.5 million people with all sorts of jobs. The people were happy at least workers and some people in search of a job. When Franklin Roosevelt was elected in 1933, he acted greatly to try to provide those who suffered…
The Great Depression caused Americans many other problems, as well. For example, the banking failure also created drastic poverty. Document 2, a photo and article, explains that banks began to collapse and industrial production ground to a halt. Banks across the country were collapsing and people everywhere in America were losing their life savings. After people lost money in the stock market crash they panicked. The people tried withdrawing all their money from banks causing, the banks to close and many people to lose all the money in that bank. When all those people became destitute, they became homeless and unemployed causing businesses to lose money. Thus repeating the cycle that forced more layoffs. Banking failures caused many people and businesses to lose money, greatly contributing to…
The Great Depression was a huge piece of our history here in the United States. It was a time of hope, struggle, and poverty. Some of the vital factors that contributed to the formation of the Great Depression include the rapid purchasing of stocks and the stock market crash, weak banking structure, and the care free spending among wealthy Americans. The Depression was not at all the outcome of one problem, rather multiple problems.…
The Great Depression was a very struggling time for Americans. Some believe the Stock Market crash caused the Great Depression but according to Bowles, “in reality, it was not the sole cause,” (2011). As there were more causes for the Great Depression, three of them were:…
This article states some reasons why the Great Depression was caused a few other details of how it affected Americans lives. The author states that Herbert Hoover didn’t do anything to stop the Great Depression, that he said it was just going to pass over in the matter of 60 days. People got very upset with him, they then elected Franklin Delano Roosevelt to be the next president because he gave them hope that he could end the Great Depression. He did this by using the New Deal which implanted programs that created a liberal political alliance of labor unions and other minorities. This helped the minorities to find jobs also because the great depression caused many to lose their jobs, but mainly African Americans lost their jobs to whites,…
Could whites and Indians have lived peaceably in the trans-Mississippi West? I do not think that the whites and Indians could have lived peacefully in the trans-Mississippi West. I believe this is because of the ways the Indians were living and hunting. Also with how the whites were not concerned with their customs and only had a one track mind on what they wanted of their land. The government “attempted” to keep peace by pressuring the Indians into treaties that were only broken and then new ones would be made. The government was not looking out for the tribes best interest either because they forced more restrictive agreements on the Indians which led to a war in the west between the whites and Indians. Looking back on the history, I think it was going to be the inevitable outcome of the situation. Even when some of the tribes would hold the American flag up to show friendship and white ones for truce, they were massacred and scalped of all types such as mothers, children and even babies by the whites. However the liquor and disease killed more Indians than combat did. Indian hunters themselves nearly wiped the plains clean by 1883 which weakened Indian resistance from working for commercial companies. Mines, crops and grazing herds and fences disturbed hunting and farming lands of many traditional tribes. Another treaty of 1868 was made but broken by Custer who was later killed by the Indians and nearly 250 soldiers in the summer of 1876. Congress adopted the Dawes Severalty Act in 1887 to end reservation goals but to have Indians join whites as farmers and small property owners of their land into the marketplace. That didn’t help though because Indians didn’t want to give up their tribal ways and also had no experience farming, managing money and other white ways. By 1890, the Indians had to adapt to life within the boundaries set by white culture despite their efforts at resistance. So the way I see it is there would not have been a peaceful way to live…
FDR was a leader for his time. He deserves credit for navigating the U.S. through the depths of the Great Depression of the 1930’s. According to FDR,what he realized was that the Government needed to be a positive actor in stimulating opportunities where there were none. His actions brought relief to the country and helped reformed the U.S. economic system for decades to come. He did this against the reflexive instincts of the opposition conservatives.…
Some more causes of the Great Depression was the overproduction of product by farmers. What the farmers would do was they would invest in themselves but when the stock market crashes, the government made it to where there was a set price. This made it to where the farmers would make little money. The reduction in purchasing across the board was another effect from the crash of the stock market. What this did was people from all classes…
The Great Depression was the deepest and longest-lasting economic downturn in the history of the world. After the stock market crash of 1929, the American economy plummeted. This was devastating for many families. Thousands of people were out of their jobs, and left to starve on the streets. Many were forced to simplify their wardrobes, problems in the education systems arose, and the banking system was destroyed. People turned to the government to help them out of their problems. Hoover and FDR worked to pass relief acts that would boost the American economy.…
The Great Depression, a world-wide crisis of economic loss and failures, more specifically in the United States. The time period started from the year 1930 to 1940 with Herbert Hoover as president. During this time, stock markets were crashing, businesses were closing as well as banks. Most of the American population were homeless, and people were starving and poor from unemployment. There was a need for sources like electricity as well as the need for jobs to change unemployment rates (Smiley, 2008).…