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Discuss The Causes Of The Great Depression

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Today, there are several different theories as to what the causes of the Great Depression are. There is clearly more than one cause of this devastating event in American history. The Great Depression occurred during the years 1929 through 1939, approximately ten years. During these awful ten years two presidents had the opportunity to try and reroute the American economy. Both of these presidents, Hoover and Roosevelt, had polar opposite approaches to the situation. Three issues they had to deal with was the tragedy of the stock market crash, collapsing of banks, and the increase of the high unemployment rate. For each of these particular causes of the depression both of these presidents went about a different way as to how to solve them. …show more content…

Hoover issued the local and state government the authority to help relief the poor, unemployed people living in those areas. However, local and state government did not have the resources or money to do so. All of Hoover’s ideas to help reform the American government after the stock market crash, bank collapsing, and high unemployment failed. The only effort of his that helped was the Agricultural Marketing Act. This act authorized loans to farmers to avoid becoming bankrupt. However, this act did was not completely successful either, because those loans were expected to be paid back, and the farmers could not afford to do that. All of Hoover’s failed decisions led to a new president, Roosevelt, during the next election. When Roosevelt was elected president, Republicans lost control of Congress, and Democrats held most government positions. President Roosevelt’s idea to take control of the Great Depression was known as the New Deal. The efforts of the New Deal were to relief, recovery, and reform America. Roosevelt believed it was the federal government’s duty and priority to take care of the social welfare of …show more content…

The first New Deal helped to bring relief and recovery to America as planned. During the Second New Deal the Works Progress Administration was created. This administration sponsored new projects which created more employment opportunities. These new jobs also created new social interactions. Many different races worked together on particular projects established under the Works Progress Administration. Another act formed during the Second New Deal was the Fair Labor Standards Acts. Roosevelt issued this Act to establish a minimum wage for American workers, as well as, the standard American work week of forty

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President Franklin Roosevelt administration to the problems of the Great Depression. The Great Depression which lasted from 1929 - 1939, had more than one cause for happening. The Stock Market Crash, on October 29, 1929, had production declining and unemployment rising. After two months, stockholders had lost more than $40 billion dollars.

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 Hoover is often blamed for not doing anything to end the Great Depression, but he actually did try to use the government to create infrastructure projects, thus creating jobs. Like the Hoover Dam and the Reconstruction Finance Corporation to try to end the Depression. There are two major differences between their approaches.  One is that President Roosevelt was willing to do more than President Hoover to combat the Great Depression.  Roosevelt was willing to let the government become more involved in the economy.

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The wealth during the 1920s left Americans unprepared for the economic depression they would face in the 1930s. The Great Depression occurred because of overproduction by farmers and factories, consumption of goods decreased, uneven distribution of wealth, and overexpansion of credit. Hoover was president when the depression first began, and he maintained the government’s laissez-faire attitude in the economy. However, after the election of FDR in 1932, his many alphabet soup programs in his first one hundred days in office addressed the nation’s need for change.

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Throughout the years to come, investments and consumer spending would crumble, creating a huge drop in industrial output and large numbers of unemployed workers due to the results of failing companies. As of 1933 the Great Depression hit an all-time low, 13 to 15 million Americans were unemployed and now half of the Nation’s banks had failed. With President Franklin D. Roosevelt’s policies and new deal programs, he aimed to end the Great Depression. Even though the economy would not make a full turn around until after 1939, President Roosevelt concentrated on immediate relief as well as long term, and restoring hope back into the economy.

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The transition between presidents Herbert Hoover and Franklin Roosevelt marked the transformation from a weak, to a strong form of government, which became directly involved in the lives of the people. This was primarily caused by the difference in the executive leaders ideologies, where Hoover was more focused on individual responsibility and capitalism, Roosevelt was more concerned with immediate action based on government intervention. Overall, the New Deal sacrificed the amount of personal responsibility that the people had with their own economic security. The power of the federal government was strengthened, but the long-lasting effects based on the social and economic policies was beneficial for the United States. Herbert Hoover began

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Great depression in the United States started in 1929. It was a severe depression that led to massive unemployment, economic instability, insecurity and closings of banks, and stock market crash. The time of great depression finally ended in 1939, when World War II kicked American industry into high gear. Franklin D. Roosevelt played an important role in great depression and helped lessen the effects. This worst nightmare of United States starts when stock market crashes on October 24, 1929.

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The Great Depression was a time during 1929 to 1939, It was the longest lasting economic disaster. The two presidents in term during this crisis, Franklin D. Roosevelt and Herbert Hoover, approached this problem in different ways. Hoover’s idea on this was to have private citizens help each others, while Roosevelt believed the government should take care of its people with social programs. Looking at these ideas in more depth we can infer ways our country should go. Herbert Hoover served as president during 1929 to 1933.

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In brief, the Great Depression started in 1929. The Great Depression was one of the major disasters of the modern era, the worst economic disaster in history. The Depression had to do with the stock market crash. Americans were were in a cycle. Americans bought goods, the companies gained money, the companies shared less with employees, companies bought stock, employees couldn’t buy products, companies made less money because the Americans couldn’t afford anything.

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All of these programs seemed to help and Americans were better off, but the Great Depression was over. Roosevelt continued to push for more reform, but in 1937 business slowed and another recession hit the nation. Now Roosevelt is being blamed for the nation’s problems. He was now at a

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In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time.

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The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.

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America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.

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How far was the New Deal a turning point in US history? The New Deal was made in response to a set of policies by Franklin Delano Roosevelt (FDR) to combat issues caused by the global financial meltdown of 1929, initiated by the Wall Street Crash. This decade long historic financial downturn has been identified as the Great Depression (1929-1939). The New Deal focused on what people refer to as the ‘three R’s’:

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The main event that almost everyone remembers from their history class is usually the Great Depression, which was a period of economic downfall for the United States, but how did it begin? There were many factors that led to the Great Depression including, but not limited to, the stock market crash of 1929, the panic of 1930, as well as the increase in tariffs on imported and exported goods. These events ultimately led the United States to a major depression that took around 16 years to overcome. The first main cause of the Great Depression was the stock market crash of 1929. This was when a stock market panic occurred and caused around $10 billion to be lost in market value.

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There were a variety of causes that caused the Great Depression, but the main cause that started it was a decrease in spending. This led to production decrease because manufacturers and merchandisers did not want to have unused items just sitting on the shelves. In October of 1929 the stock market crashed. The United States stock prices had reached levels that could not be justified by sensible predictions of future earnings. The results of this were catastrophic.

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