The Importance Of The Economy In America

The Economy
Josiah Jeremiah Davis
American History Since 1865
Professor Morgan Deane
11/21/13

The Economy
The economy has been something really important to society because of how much it’s affected our daily lives. Not to mention The Great Depression, which was something huge that happened in history. Most presidents had tried to fix the economy in whatever way but they couldn’t fix everything. A lot of Americans faced hardships due to a bad economy at different points in history. It would also be considered a hardship to the government, because of their involvement and what they went through. First, getting into The Great Depression we see that it had a huge impact on society being that it wasn’t
Something that affected the economy during the time is war debts from our allies that owed us billions of dollars and we needed it back. It would’ve helped stimulate the economy if they had paid those back in that time of need. During The Great Depression Harlem had become a place for many famous poets, musicians, or famous black figure to move to. (Greenberg, 1997) Also, black political activity had gone up during this time all this causing the Harlem Renaissance. During the 1920s, the population of blacks in Manhattan had gone from 5 to 12 percent. Then by 1930 55 percent of all foreign blacks lived in New York City. Harlem was looked at as the greatest black city in the world, and had a lot of positive energy. Through all the unequal rights blacks had at the time, it caused unemployment to rise in Harlem and the crime rate had increased due to low wages and unemployment both. The discrimination was so bad that blacks were getting such high rental rates due to the landlords being racist. Also, the quality of houses built were very unsafe, and poor that many found it hard to find a place to live. Blacks looked forward
Britain had emerged as more of a world power in the late nineteenth century with how well things went with the military and economic trade and colonial centers all helped this. (Bryan, 2010) Other countries at the time had been seeking Britain’s ways and wanted to be more like them as they were considered a role model. From the early 1870s to the 1890s most of the world have been going through lowering prices, and they called it a Great Depression. This caused a lot of discontent, and wealth to be transferred from the debtor to the creditor. Many in America had complained about the government not letting them have the free mining of silver and it leading to why the money was in such bad shape because of not being able to trade gold. At this time tariffs were tacked on to imported goods, this made domestic goods cheaper than imported goods causing producers to buy domestic instead of foreign. In Britain, protectionist ideas and expansion had up surged when there was competition in the marketplace from Americans and Germans. The governments in France, Russia, Italy, Germany, and Austria-Hungary had based their economic systems on promoting and