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Great Depression Performance Essay

1043 Words5 Pages

The Great Depression - Performance

Hello, I’m Mia Helo and today I’ll be performing on how The Great Depression was a worldwide economic downturn in history.

Stock Market: Are you contributing to the economy by investing money in a business you believe in, a business that is making a difference, and a business that can make you money?
Investing in a company or buying stock in a company is great for everyone including the business, the investor, the employees, and the economy.
The Stock market is the place to buy and sell business stocks. The stock market is made up of an accumulation of buyers and sellers, which represent ownership of a piece of the business of a major company. People will invest in the stock market when they believe that …show more content…

I’m also the co-founder of Dow Jones & Company and I have developed The Wall Street Journal. My partner and I, Edward Jones, first established the Dow Jones Industrial Average in 1889. The Dow Jones & Company was established in 1882 and The Wall Street Journal was developed in 1889. I invented the Dow Jones Industrial Average as part of my research into market movements. I developed a new way of profiting from the market by sticking to a series of principles by understanding and analyzing the …show more content…

Companies lost their value due to companies overselling their stock for much more than it was worth. This caused a series of events leading to slowing supply and demand, laying workers off, consumers not buying due to no money, and bankrupting companies to close.

Franklin D. Roosevelt: I’m an American politician and attorney who served as the 32nd president of the United States from 1933 to 1945. I am responsible for helping the United States out of the Great Depression by establishing the New Deal. This New Deal was a series of programs and projects that I and Congress created to restore prosperity to Americans.
I helped introduce and pass banking reform laws, establishing emergency relief programs, work relief programs, and agricultural programs. On March 31 Congress created the Civilian Conservation Corps that gave young men jobs to work on public lands, building dams, roads, and parks. On May 12 Congress formed the Agricultural Adjustment Administration by paying farmers to plant a certain amount of crops, ensuring that farmers would make a living and farm prices would remain high. In 1935, I set up the Works Progress Administration which put unemployed people to work in building and improving hospitals, schools, roads, and

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As things go, stocks were being bought so much, the prices were driven up beyond their real value. When investors started selling in order to cash in on profits, others did the same and the value of stocks fell dramatically. Like above, this ended up with their stock market crashing down upon their eyes; people going bankrupt in a single day. When Roosevelt became the U.S. President in 1933, he introduced "New Deal". This created public programs for the unemployed

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It also helped to stop more farmers going bankrupt. Roosevelt’s agency bought and slaughtered 6 million livestock to again decrease supply and stabilize the market for meat. The AAA had a major impact on America’s recovery from the Great Depression, because it decreased the supply of crops, stabilizing prices, and keeping farmers in business. Whereas the AAA was a fundamental part of America’s recovery, the WPA (Workers Progress Administration) was instrumental in fulfilling the relief portion of Roosevelt's 3 R’s plan, by providing jobs and income to unemployed men and women as an immediate action to help the economy. The WPA supplied jobs to 3 million men and women.

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740 Words | 3 Pages

Roosevelt's first plan of action for the new deal was to provide relief to those living in poverty (the vast majority of the population at the time). To spread the message, FDR held 27 “Fireside Chats” from 1933-1944 establishing a plan for the future of America and the economy (Source 1). FDR's first major initiative was to establish the Federal Emergency Administration Act (FERA), FERA distributed over $3.1 billion dollars, and over 20 million jobs were created (Source 3). FDR also created government programs (such as the AAA, CCC, CWA, and PWA) that both regulated the US and provided jobs for those in need. He also passed The National Industrial Recovery Act that gave states money to create more jobs and formed the National Recovery Administration to regulate and establish fair practice codes for industries.

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Such programs helped increase workers’ sense of prosperity and wellbeing in the 1920s. While Americans generally were feeling good about the economy, those who invested in the stock market were overjoyed. The American stock market was performing spectacularly. The general trend in stock prices were high, and the steep rise in stock prices changed the way many people thought about buying stocks. People had the mindset that since the market never seemed to go down in the 1920s, maybe it never would.

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The Great Depression was a time of economic crisis in American history. By the time of Roosevelt’s inauguration most of the country’s banks had closed, 13 million people were unemployed, industrial production was low, and farmers were in dire straits. Roosevelt started to work on fixing this crisis. He talked to the country through radios, giving people hope. He

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When people buy something, they usually focus on what they want rather than what they need. In the 1920’s, people were more focused on luxuries than necessities. Soon after many purchases were made on credit, money and jobs weren’t as easy to come by anymore. This time span of over 10 years was known as the Great Depression, and its effect on the hardworking people of America was unforgettable.

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Relief measures included the continuation of Hoover's major relief program for the unemployed under its new name: Federal Emergency Relief Administration. The most popular of all New Deal agencies was the Civilian Conservation Corps (CCC), which hired 250,000 unemployed young men to work on rural local projects. President Barack Obama followed in Roosevelt’s footsteps. Working with Congress, the Administration took

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The Great Depression was a devastating economic downturn in the United States that began in 1929 and lasted until the late 1930s. The stock market crash of 1929 is one of the most famous events that marks the start of the Great Depression. The crash caused businesses to fail, unemployment rates to skyrocket, and people to lose their homes, their savings, and their hope. President Franklin D. Roosevelt's New Deal policies aimed to provide relief, recovery, and reform to millions of Americans struggling through the Great Depression.

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Unemployment rates were high and poverty was starting to become widespread. FDR spoke about putting people to work, by hiring them directly by the government itself, treating the task of work as our culture would treat War, but at the same time, through this employment, accomplishing greatly needed projects that stimulated the economy and encouraged the use of natural resources. (Doc 2) FDR passed 2 New Deal Legislations: Civilian Conservation Corps (CCC); which employed youth in reforestation, road construction, and flood control projects; The Works Progress Administration(WPA) employed 8 million people on public works projects. (Doc 3) The WPA was very effective because it not only dealt with the issues of unemployment, but improved the deteriorating parts of the country. The CCC also functioned in the same way, providing millions of jobs for unemployed workers, while maintaining and exploring the

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1251 Words | 6 Pages

Roosevelt had many notable achievements during his presidency; his best known achievement was the New Deal. The New Deal created new programs to help give Americans hope and to help bring the United States out of the Great Depression. New Deal programs like the C.C.C. (Civilian Conservation Corp.), the A.A.A. (Agriculture Adjustment Administration), And the W.P.A. (Work Progress Administration), provided jobs to thousands of unemployed Americans. Some of these New Deal programs still exist today such as the F.D.I.C. (Federal Deposit Insurance Corporation), the F.H.A. (Federal Housing Authority), and the T.V.A. (Tennessee Valley Authority). The Agriculture Adjustment Act, established during Franklin D. Roosevelt's first 100 days in office paid farmers to plant less cotton (Louis Mazzari, New Deal).

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These programs were set up to provide many types of jobs, for example, one of the programs set up was called The Civilian Conservation Corps (CCC) which allowed mostly men to work on projects that helped the public, such as planting trees and improving national parks. Another program which provided jobs was the Works Program Administration (WPA) which was established to make projects jobs, such as public buildings. Although the New Deal did not end employment, it caused temporary relief for millions of Americans, which was a great

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Another example of the new jobs that were being created are the Civilian Conservation Corps, which lasted from 1933 to 1942. These camps hired nearly 3 million unskilled workers to conserve and develop natural resources. A lot of these men were young between 18 and 25 and came from families on government assistance. Projects involved fighting forest fires, planting trees, building wildlife refuges, and a ton more nature related activities. The CCC not only allowed people to get jobs but also made people get out there and enjoy nature.

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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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