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Great Depression In America Essay

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The Great Depression: A hopeless time in America The dramatic effects of the late 1920s was a time of tremendous downturn. The miserable failure of the economy was a cause of worldwide disaster. No one saw this crisis coming. No one saw how much damage it would put America through. The late 1920s and early 1930s were greatly impacted and by The Great Depression. Bank failures, poverty, increased crime rate, catastrophic events were all contributing factors to the Great Depression. Life for Americans in the 1920s was known as the roaring twenties. A new form of music was created, Jazz, also known as swing music. Swing music was meant to keep spirits high through the rough times. Swing music became a favorite for an entire generation during …show more content…

small and sudden at first, but they had an enormous impact as the Depression began to unfold. Andrew Jackson's legacy, a cheap, money suckling banking company, somehow made its way into the era. About twenty-five thousand banks, most of them fragile, with barely any service stations, contributed to the vulnerable national credit. All government spending, including anything for the towns, cities, and states only made up 15 percent of the GDP in the 1920s. Depression hardships had hyped the rise of political movements in many European countries. The most dramatic were that of Adolf Hitler’s Nazi regime in Germany. German aggression led war to expand out in Europe in 1939, and the WPA ( Wireless Protected Access) started focusing on the building up of the nation's military. The country stayed neutral. Franklin D. Roosevelt wanted to join the fight against Germany and the other Axis Powers. Production for more war ready weapons increased and new job openings appeared. Japan attacked the famous Pearl Harbor on December 7, 1941. This bombing led to an American declaration of war. The nation’s factories went back in full production mode. This caused industrialization expansion, and enrolling into the military increased in 1942. This conscription reduced the unemployment rate to below its pre-Depression level. ("Social and Cultural effects of the Great

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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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During the 20s, which became known at the Roaring 20s, American society was at an all time high and people were prospering as the nation’s wealth almost doubled and American was sent into the modern, consumer age. However following almost directly after the Roaring 20s, America entered a period of economic failure, also known as the Great Depression. During this period, the U.S faced economic, social, and political turmoil. The government and various individuals quickly sought after solutions to address the problems facing America during this time. Herbert Hoover, who was President at the start of the Depression, and his many reforms intended to revitalize the economy and create more jobs but would fail and his belief in rugged individualism

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The Great Depression was a major turning point for the United States’s economy because it changed the relationship between the government and the economy. Before the Great Depression, the economy was a Laissez-faire style market where the government had no influence on private party transactions and businesses. After the Stock Market Crash of 1929, the people of the United States sought for reliefs from the government. The Government responded by creating tax reforms, benefiting the stock market, wheat prices, employment, and the number of bank suspensions, and providing comfort for the people. As a result of their disparity, the people put their trust in the government in hopes that they would repair the broken economy.

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The 1920s carried much change in society. Some of these changes were more rights for women, jazz music, and prohibition. The people of the 1920s were disillusioned by society lacking in idealism and vision, sense of personal alienation, and Americans were obsessed with materialism and outmoded moral values (The Roaring Twenties).Cultural changes were strongly influenced by the destruction of World War I ending 1918. America needed to recover and with it youth rebelled against the norms of the older generations.

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The first cause of Great Depression was bank failure. It was one of the main causes of the Great Depression. Throughout the 1930s over 9000 banks failed. In 1920s there were a lot of banks.

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During the “Roaring 20s”, everything seemed to just keep getting better and better-stocks kept rising, people could buy more things with installment buying-but little did they know, the Great Depression would soon be upon them. In 1929, the stock market crashed which caused millions of people to go in debt. Before anyone knew it, banks were closing, people were losing their jobs and men and teens were forced to roam the country in search for work. People began to turn against the current president, President Herbert Hoover, and to a new person, Franklin D. Roosevelt. Roosevelt came up with a plan to help aid America called the New Deal.

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