Imagine for a moment, waking up one day to find yourself on a dirty floor, a pile of rags, or maybe even the street. You look down at yourself to find you ” re wearing the same clothes you wore yesterday, except they are completely filthy and have lots of holes in places like the knees and elbows. You have no access to a mirror to show you what you look like so you go to touch you hair with your hand and find it to be a pile of grease and dirt that obviously hasn’t been washed in days, maybe even weeks. You get up and start to head for work, or school, only to realize you have no place to go. The pain of hunger eats away at you, but you just ignore it knowing that there is nothing for you to eat and you have no money to buy any food. You have no job, no money, no family, no hope.
Welcome to the Depression. The 1920’s was a time of great prosperity in the lives of most Americans and our natural human ignorance made us think it would stay that way forever. We had just come out of the Great War and business was booming, along with agriculture and the stock m ark et. The outlook for the future was great, but people failed to understand that economies can ” the on the upswing forever, it has to come down sometime.
All of the signs of a depression were there; the farmers were producing too much, the uneven distr of income, easy credit / huge debts, imbalance of foreign trade; people just didn’t notice them. Not until October 29, 1929 — BLACK TUESDAY — anyway, when the bottom of the stock market fell out, taking millions of American lives with it. Even though any didn’t admit it, they knew what was on the way. People who had been buying stocks on margin (10% down) suddenly found themselves penniless and in bigger debt than they could imagine. America went into a panic, pulling money out of banks in a franz y causing many to close their doors. President Hoover tried hard to make the times better for the unemployed first by setting aside almost $800 million for public works like the now Hoover Dam.
The Essay on Stock Market People Money Buy
There were many problems that occurred as soon as WWI ended. Such as overproduction. Overproduction was going on all through the war, and it did not stop as soon as the war came to an end. The reason overproduction came into effect in the first place, was because america had to feed the soldiers and the allies, therefore, the goverment constantly pushed farmers to grow more crops. When the war was ...
Conditions, however, failed to improve. His other policies, the Reconstruction Finance Corporation (RFC) and the Home Loan Bank Act, also didn’t make much difference. The election of 1932 made it clear that the American people were unhappy with Hoover. Franklin Delano Roosevelt won the election on the Democratic ticket by a landslide.
His prom is e of ‘a new deal’ gave Americans hope for what he could do for them. Two days after his inauguration he ordered a’bank holiday’ for all the banks in the country to close. When they reopened, people felt more safe putting their money in banks with the go them up. FDR’s ‘New Deal’ became what started the nation’s turnaround. With such programs as the CCC (employing single males from the ages of 17-28 to do community labor like road building), the FERA (used$250 million to aid the un emp loved, elderly, and sick), the AAA (paid farmers to grow less), the NIR A (set up price controls), the WPA (creating as many job as possible), and others, Franklin Roosevelt became one of the most successful leader this country has ever had. Throughout h is Presidency, he almost single-handed ly changed the fate of America.
He turned this country around so we could be a great nation again. If you were to ask someone who lived through the Great Depression, as it came to be called, what it was like, their answer would probably not be a positive one. But even through immense tragedy, good still found away to shine through. The Depression g ave us the chance to redefine what America stood for. The government now had the power to help people in need, and in return people had more trust in the government because they knew it would support them.
The position of minorities improved somewhat be cause the New Deal relief measures were essentially color blind, and gave non-whites a small but significant chance. Women also made their way into the workforce during and after the Depression. America, as I see it, is a country of greatness. Out of a Great War, into a Great Depression, and onto a great recovery. My only hope is that we continue this tradition in the future and not let the mistakes our ancestors made hurt us again.
The Essay on The Great Depression In America During The 1930's
... problems. People became depressed, thousands of people went hungry and living conditions changed drastically. The Great Depression ... and industries had been helped then this great country could have coped with the crash ... also kept in contact with the people of America through the radio to let them ... of improvement. Production fell dramatically, factories closed, banks failed and the queues at labour ...
