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 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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SEEING RED -As communism swept through Russia‚ there was a fear that labor unions were influenced by the Bolsheviks - “Red Scare” of 1919-1920 (1st Red Scare) * Crusade led by Attorney General Mitchell Palmer against the suspected communists * Thousands of Americans were arrested *Impact of the Red Scare: - Business people used it to help break unions - Sacco and Vanzetti *Two Italian immigrants (anarchists‚ atheists‚ draft dodgers) charged with murder‚ found guilty and executed
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"Once I built a railroad‚ I made it run. I made it race against time. Once I built a railroad‚ now it’s done. Brother‚ can you spare a dime?" At the end of the 1920s‚ the United States boasted the largest economy in the world. With the destruction wrought by World War I‚ Europeans struggled while Americans flourished. Upon succeeding to the Presidency‚ Herbert Hoover predicted that the United States would soon see the day when poverty was eliminated. Then‚ in a moment of apparent triumph‚ everything
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As the Roaring Twenties decade was winding down to an end‚ the strength in America’s economy continued to grow weaker. The stock market had been falling at such a rapid pace‚ that it had become questionable on whether or not the United States would be able to recover‚ because it had led the United States into a depressing period in history. The stock market had officially reached it’s lowest point on October 29‚ 1929. Leading up to this day‚ there were several stock markets across the country that
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In the year 1929 the United States was on the verge of a huge change in the economy. The United States was getting out of the mentality of war from the fighting in World War I. Wall Street just had a massive collapse and millions of people were out of their jobs. On October 29‚ 1929 The stock market crashed and this was the beginning of what would be known as “The Great Depression”. This depression caused so much hardship for the American people and the countries that would do trade with the United
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The Great Depression (1929-1939) was the deepest and longest-lasting economic downfall in the history of the Western industrial world. In the United States‚ the Great Depression began soon after the stock market crash of October 1929‚ which sent Wall Street into a panic and wiped out millions of vital investors. Over the next several years‚ consumer spending and investment dropped‚ causing steep economic declines in industrial production output and rising levels of unemployment as failing companies
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When the stock market on Wall Street crashed in 1929‚ it sent financial markets world wide into an era of catastrophe. Germany’s economy significantly suffered because of this‚ for it heavily relied on foreign trade and loans from America. This coupled with war debts from WWI and the loss of its two provinces through the Treaty of Versailles caused production levels to fall and banks to close. Masses of people lost their jobs and the inflation rate increased daily. The standard of living that so
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Brooke Lucas Professor Ramirez History 147 30 October 2013 Essay Question 1) How was the policy of “separate but equal” established and what exactly did it mean? Provide specific examples of how “separate but equal” was applied in the United States. How it started: Plessy vs. Ferguson case. Plessy: 7/8ths white 1/8th black boarded an all white train car. The conductor asked of his race‚ so he told him. He sent him to the all colored railcar. Plessy refused and he was immediately arrested.
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“The only thing we have to fear is fear itself (History.com).” At the time of the Great Depression the people were panicked‚ this quote by Franklin D. Roosevelt helped to demonstrate that there was hope left after all the tragic events. Although the Great Depression was a tragic day in history‚ society has been benefitted by making different approaches and laws because of the mistakes that were made during the Great depression‚ electing Franklin D. Roosevelt to which he made new regulations‚ and
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