In 1934‚ the United States government passed the National Housing Act (NHA)‚ which was signed by President Franklin D. Roosevelt as part of the New Deal social welfare programs (Jansson‚ 2015). Collectively‚ the New Deal programs were addressing the immense human suffering and economic hardship of the Great Depression (Jansson‚ 2015). Specifically‚ to address the housing crisis brought about by the Great Depression‚ President Roosevelt signed the NHA of 1934‚ which created the Federal Housing Administration
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After the Great Depression‚ millions of people had no money in the bank and a lot were homeless. President Roosevelt saw this and he decided to make a change. He made a program called Works Progress Administration (WPA). The WPA was a program that employed millions of people that were unemployed after the Great Depression. Millions of people were employed due to the WPA’s work systems which funded various projects. The WPA also funded money into the arts industry and helped artist make money off
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Hoover proved to be less proactive than Roosevelt in dealing with the effects of the Great Depression as he was in denial: “there was no crisis‚ he insisted. All that was needed … was to let the economy cure itself” (pg. 1106). Perhaps he was just wishing that the worse would pass‚ but regardless he realized that sitting idly would not change anything‚ and thus he had no choice but to take action. Hoover attempted to cheer up the public by convincing them that the worst had passed‚ but his optimism
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The Great Depression was a worldwide economic depression that lasted 10 years. Its kickoff was “Black Thursday‚" October 24‚ 1929. The height of the Depression was 1933. By then‚ unemployment had risen from 3 percent to 25 percent of the nation’s workforce. Wages for those who still had jobs fell 42 percent. Gross domestic product was cut in half‚ from $103 billion to $55 billion. The Depression caused many farmers to lose their farms. At the same time‚ years of overcultivation and a drought created
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While some refer to the 1920s as the return of the Gilded Age‚ it was really the development of the age of credit. With World War I‚ came an economic system of borrowing money with the intention of turning credit into economic growth that would prosper the country. After all‚ this was the example set by the government with their gracious loans to the allies during war time to reap the benefits of war. During the war‚ many areas of the economy prospered‚ especially agriculture‚ because the United
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The Great Depression was one of the world’s largest impacts; which is what inspired me to write on this topic. So many people lost so much‚ & so many lives were destroyed. For ten years‚ a lot of families went through stress. Due to this‚ crimes were beginning to be committed. This shocking event began in October 1929. It happened to be the deepest and longest lasting ‘economic’ downturn in history. Bank failures were one out of the few reasons the Great Depression occurred. “The
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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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Social Issue: The Transcontinental Railroad- Before the Transcontinental Railroad‚ traveling West in the United States was a costly and difficult journey through deserts‚ and over mountains. After the invention of locomotives‚ railroads began to show up everywhere. Many saw an opportunity in railroads to expand settlement in the west and transform the United States into a more modern nation. The Central Pacific and the Union Pacific Railroad Companies formed the Pacific Railroad Act in 1862‚ which
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In the 1920’s there were three major car developer’s‚ Ford‚ Chrysler and General Motors. These three companies were massively producing cars using Henry Ford’s invention‚ the assembly line. The assembly line changed everything for many companies‚ it’s still even used in companies today just instead now we’ve got machines doing work for us. The mass production in cars caused the prices to drop to an affordable amount so that people could buy them‚ company owners used the fact their vehicles were being
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FDR: A Hero in a Time of Despair Imagine living everyday terrified of what is to come. It is a struggle everyday to put enough food on the table to survive. Finding a job is a task that seems almost impossible. There is no hope in the streets of the cities. Helplessness is the only feeling that can be recognized. These were the effects of the Great Depression. However‚ feelings changed when Franklin D. Roosevelt came into presidency and gave the people a new hope for the future. FDR was elected
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