2. Manufactured goods‚ less than half the value of total US exports in 1913‚ rose to 61 percent of the total by the end of the decade C. Workers 1. Wage rates rose 2. Women workers‚ blacks‚ Mexican-Americans‚ and recent immigrants clustered at the bottom of the wage scale i. Blacks were “last hired‚ first fired” 3. Higher wages would promote productivity – Henry Ford started it D. Farmers 1. Did not share in prosperity 2. Grain prices plummeted when army purchases
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failures‚ and American economic policy with Europe. During the 1920s the economy was very strong. It rose at a constant rate that it was almost unlikely to fall. The constant growth of the economy made it very popular. It became the word on the street and people found it as a way to get rich very easily. Many people wanted to buy stocks but did not have money to‚ so‚ they bought stocks on margin. Buying on margin meant the buyer only had to pay 10-20% of the cost of the stock and they borrow 80-90%
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The Stock Market Crash of 1929 “I have no fear for the future of our country”(Washington‚ page 1)‚ that is what President Herbert Hoover said during his inaugural speech to ensure brightness and hope for the country after the stock market crashed on October 29‚ 1929. The Stock market crash of 1929 had a huge impact on American society by putting out businesses and causing hundreds of people to lose their jobs and homes‚ it led to the point where people committed suicide rather than living in a depressed
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The masses fill the streets where once cars and trucks would once have clogged them at this hour - many of them waiting in 1/2 mile long lines for a daily hand-out of food‚ while others comb the smoldering ruins of yesterday’s bombed out strip-mall seeking anything salvageable that might enrich their meager lives. The causes of the great depression was the stock market crash of 1929‚ bank failures stopped creating new loans‚ and the drought conditions in the Mississippi valley. STOCK MARKET CRASH
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and contrast the current recession and the Great Depression‚ I will prove the current recession causes the effects will much less than the Great Depression‚ and the Great Depression will not replay. Back to 1929~1933‚ on October 29 1929‚ the “Black Tuesday” came to the United States. On this day‚ American financial world crashed‚ the stock’s price fell from top to bottom‚ fell 40 percentages from 383‚ also the Dow Jones stock index fell 22 percentages(Baidu‚ 2009). From this date to November
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| “The Progressive Era through the Great Depression” | | | History 105 Professor | 11/11/2012 | In this essay‚ I will review the major turning points in our nation’s history during the period of “The Progressive Era through the Great Depression”. I will talk about how women in the West earned the right to vote in the frontier states before the eastern and southern states. We will analyze the impact of two major historical turning points on America’s society‚ economy
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Imagine millions of citizens on the streets; homeless‚ starving‚ and losing their hope along with their loved ones. This was the normalcy of the Great Depression that lasted from 1929-1941. Because of the Stock Market Crash of 1929‚ the Great Depression started and the New Deal was created. Franklin Delano Roosevelt intended for the New Deal to fight the Great Depression providing relief‚ recovery‚ and reform. Although‚ many civilians didn’t agree to the policies of the New Deal‚ including Congress
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How significant the New Deal was depends on the definition of significance. Since significance is how important something is or how big of an impact it has I will be looking at how big of an impact it had on different aspects of the American society‚ how efficient it was and if there are any long lasting effects. In October 24th 1929 the collapse of the stock market left the USA in financial ruins‚ which would have a devastating and long-term effect on the economy. Hundreds of banks failed due to
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There is no black and white answer written on a piece of paper explaining what exactly caused The Great Depression. Many different things led to the depression. The Dust Bowl‚ the market crashing‚ people’s confidence in the economy‚ and unfamiliarity to banks are some of the reasons why The Great Depression occurred. In this article we go into depth on the topics above‚ further explaining why The Great Depression occurred. The Dust Bowl In the Mississippi Valley‚ in the 1930s‚ farmers experienced
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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
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