The great depression, which occurred in the 1930s, was a major economic downturn that had a significant impact on the world. It was a revolutionary event because it resulted in significant changes in the and political systems, such as the rise of government intervention or social welfare programs. It also led a shift in societal attitudes and values, as well as changes in the global balance of power. The great depression was a revolutionary event that resulted in significant changes in economic and political systems, as well as a shift in societal attitudes and values.
One of the most notable ways in which the great depression was revolutionary was the rise in government intervention in the economy. Prior or the depression, the prevailing economic
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The widespread suffering and economic hardship of the depression era led to a rejection of the capitalist values of the 1920s and a greater acceptance of government intervention from the economy. People began to be more conservative with their money and lived their lives less lavishly. It also led to a greater focus on social and economic equality, as well as a renewed interest in labor rights and collective bargaining. As America went deeper into the depression unemployment rose and wages fell, workers began to organize and demand better working conditions and higher pay. This led to an increase in strikes, labor disputes and the formation of new unions. The Roosevelt administration’s pro union stance and legislation passed by congress during the new deal contributed to the gains of the labor union made during the Great Depression. Collective bargaining was allowed by the National Industrial Recovery Act. Collective bargaining is the negotiation of wages and other condition of employment by an organized group of employees. The NIRA was another measure of Franklin Roosevelt to assist the nation in economic recovery, which supervised fair codes and guaranteed laborers a right to collective bargaining. The depression also had an impact on minorities and women. The economic downturn disproportionately affected these groups, and they often faced discrimination in the work force. However, the New Deal programs and rise in labor union helped to improve their economic conditions and increase their representation in the workforce. “As many families moved from farms to cities, the economic role of women diminished. But the Great Depression, which began with the October 1929 stock market crash, compelled more women to seek paid work outside the home in order to aid their families” (Morse, Jane). +++ The great depression also had a significant impact on the global balance of power. Because the Great