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Great Depression In The 1920's

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The Great Depression that occurred in the 1920's left the United States in a huge mess. It also had a major effect on the rest of the world. Everyone in America was struggling to live and people were trying to figure out how to fix the problem. A lot of ideas were discussed such as Keyens' macroeconomist plan and Hayek's microeconomics plan but these plans were so different. When Franklin Delano Roosevelt was elected president, he went straight to work trying to figure out how to solve America's economic issues. He quickly pushes new legislation through Congress, the basis of the New Deal, in 1933. This "New Deal" included federal government providing immediate assistance to the American people in the form of relief, recovery, and reform. …show more content…

This agency was initially created to give jobs to unemployed construction workers and to help Americans transition from a "nation of renters" into a nation of owners. During the Depression many banks failed, causing a drastic derease in home loans and ownership. At that time, most home mortgages were short-term and the banking crisis of the19'30's forced all lenders to retrieve due mortgages and many borrowers were unable to make mortgage payments. Because of this, many homes were foreclosed which caused the housing market to plummet. When the federal banking system was restructured in 1934, the National Hosing Act of 1934 created the Federal Housing Administration whose intention was to regulate the interest and mortgages what it insured. This new practice increased the number of people who could afford a down payment on a house and mortgage payments which also increased the size of the market for single-family homes. Although the FHA primarily focused on creating single-family and multifamily homes, the agency has also funded military housing and homes for the elderly and handicapped. The FHA is currently to largest insurer of mortgages in the world and has given loans for over 34 million properties since its foundation in 1934. Today, the goals of this organization are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage

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The Great Depression is one of the most devastating economic hardships of all time. With unemployment rates rising due to the stock market crash, all Americans were suffering from unimaginable conditions. Americans were desperately searching for an answer, someone to help them recover this awful time. Upon electing Franklin Delano Roosevelt for President in 1933, Americans saw hope in the fact their country may be able to recover from the Great Depression. Roosevelt quickly implemented a series of federal, social, and economic programs created to bring relief to the nation.

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You gave good pointers on your discussion post. The Great Depression was very much devastating than the 1920/21 depression even though it was horrible. The Great Depression lasted for some quiet time rather than 1920/21. Both events were put a hurt on the American economy and the government was not trusted by citizens and some political leaders. “Many economists who have studied the depression of 1920-21 have been unable to explain how the recovery could have been so swift and sweeping even though the federal government and the Federal Reserve refrained from employing any of the macroeconomic tools, public works spending, government deficits, inflationary monetary policy that conventional wisdom now recommends as the solution to economics slowdowns.”

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The Great Depression left America’s economy in ruin. Millions of people were unemployed, and many more lived in the streets penniless. However, when Franklin Delano Roosevelt came into office, the spirits of the entire country were lifted. Roosevelt promised to improve the economy and to wipe out the detrimental effects of the Depression. While Roosevelt’s plan, the New Deal, was mostly effective, it made the federal government responsible for solving any future depressions.

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Over the course of the 1920s-1930s the world as a whole began to go through a time of immense change, bringing forth a new era to society. The introduction of new music such as jazz and the devastating time known as The Great Depression were just a couple of the major introductions for the start of a new way of life. From that point on people began to grow closer to one another in these times of crisis, in order to overcome everything that was thrown in their path along the way. There was absolutely nothing that kept the population from losing their faith, and although this era is still to be considered one of the worst times in history, it was also a time for rejoicing and relying on one another for the fight of their lives.

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During the mid-1900’s, the United States had experienced an era of extreme economic downfalls and social issues called the Great Depression. It was far more intense than previous depressions since it occurred after the first World War, when the country was at its all-time high in profits from selling food and supplies to Europe. After the U.S. exceeded in their time of prosperity, a surplus of crops and goods were overgrown and overproduced than the amount that was being sold. Also, banks were overspending other peoples savings in the stock market and to buy bonds. This lead to millions of Americans to lose their savings in the stock market and banks, become unemployed from businesses, and being kicked out of homes for being unable to pay bills.

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Do you know anything about The Great Depression? The Great Depression was very tough times for many individuals. From 1929 and through the 1940’s there was a crisis called The Great Depression. The 29th of November 1929 the stock market crashed. Many people were out of food,jobs,and also places to live.

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The New Deal During the Great Depression During The Great Depression,everyone needed to change their actions. President Roosevelt had to change some rules, and he came up with the New Deal that redirected America toward a positive direction. The Great Depression had a huge impact on the society during the 1920’s-1930’s.

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When I was child I was very injury prone. One time when I was 8 years old I was trying to climb a playground wall but I fell off of it and sprained my ankle. Eventually the pain of the sprained ankle wore off and the ankle healed and I learned from the experience to stay safer. These experiences are somewhat like the great depression in the fact that a learning experience was made out of a bad situation.

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With the worst economic crisis the world has ever faced, the Great Depression started with a bang after the crash of 1929.The presidents of the 1920’s were Harding, Coolidge and Hoover. During their presidencies and even earlier the National Government was practicing Laissez-faire policies. Which means the government was not involved in much of the people’s lives. The government ignoring signs of economic disaster lead the United States into The Great Depression. This economic decline caused a great deal of changes in the United States.

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The Stock market crash was not the only reason the Great Depression happened. There are social, political and economic factor that lead to The Great Depression during the 1920’s. The 1920’s are called the Roaring Twenties. During these times women got the right to vote, business and manufacturing industries started to expand, most people were able to buy a radio for entertainment (Eric Foner, Give Me Liberty,811). Political factor that led to Great depression was the Federal Reserve system, which was established in 1913 by Congress.

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The Great depression is known as the most devastating time in history. This time period dropped the economy astonishingly for many countries in the world. The time period for this tragic event spanned from 1929 all the way to 1939. Lots of countries were hit very hard by this event, including Canada, Germany, and Iceland. The country by far effected greatest, was none other than the United States.

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The Great Depression affected everyone rich and poor, with 8.02 million americans unemployed by 1931. With home foreclosures and no food to put the dinner table and no one to turn to for help or answers. All anyone could was hope and pray for a job even if that meant leaving your family to earn money to send back home. Making it the longest and deepest most widespread depression of the 20th century. The Great Depression had a major impact on the u.s. Economy and lifestyle of americans in the 1930s because of the stock market crash, what the banks did wrong and daily struggle.

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The policies that were undertaken by the federal goverment during the 1920s had a major affect on the built up to the depression ,high tarrifs and low taxes benefitted the richv as the laissez faire policy meant no regulationover bussinesses. .However ,unequal distribution of wealth throughout the 1920's and great over-speculation within the stock market were more of a main cause of the depression. But, those were not the only reasons to the great depressions,overproduction and the weak system of banking also played its role.it was a period of a severe economic crisis. Unemploymnet rose to 25% at the peak of the depression as ,banks failed to make and distribute money .Soon many banks closed down ,followed by many stores and factories as a result

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The Roaring Twenties was the time of economic boom and the era of social and political change, but soon lives would drastically change. On October 29, 1929, the Stock Market Crash occurred because of the “optimism and greed on Wall Street that led to the over-valuation of stock prices” [1]. This issue led to the Great Depression that originated in the United States and was an “economic crisis with worldwide implications” [1]. The Great Depression consisted of social and economic problems that lasted ten years and shifted the economy to depend on government spending.

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The Great Depression was a worldwide economic slump that began as an American crisis. The 1920s was a boom decade for American companies, which tallied up record production figures, ever-increasing sales and millions of dollars profit. These profits meant high dividends and increasing share prices, which encouraged investment in shares. In 1927 and 1928, the Wall Street Stock Exchange was home to the new gold rush, as thousands of Americans rushed to take advantage of the booming share market. Some sold what they had or borrowed heavily to purchase shares.

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