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How Did The Great Depression Affect The Economy Of The 1930s

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During the time from which Mildred Ella Didrikson Zaharias was majorly impacted was the 1930s through the 1940s. This period in time was often one to be discussed due to the very distinct gender roles and the economic status of the the United States. During the 1930’s the creation of the modern bureaucracy was created. This was known the public as the different parties the Republican and the Democrats (Gale). Also during the time between WW1 and WW2 the United States had been under an isolationist point in their government (Gale). This was allowing them to stay out of the war until 1939 when the US finally entered the war due to the attack on Pearl Harbor. But by ender tin the war this helped them get out of the depression allowing the depression to end and more jobs and families to come out of the dumps. …show more content…

This was all due to the stock market crash of 1929. This affected the economy of not just the citizens of the US but also the economy and the government programs, and example of how it also affected the government funded programs would be how it affected public schools. Education rates was beginning to fall drastically due to the fact that the government was having trouble supporting them. Also many former middle class families had very little (Boughman). The economy had also been going downhill as well. This was cause a rise in unemployment rates and also pay cuts across the board in many different companies. But with the new election of FDR the population was hopefully working towards a rebound from the depression. His plan was to create a plan that would help the population move forward. This was called the New Deal program which created many programs that helped create more jobs and circulate the economy. And the only way that the economy got out of the depression was the net war that was begging to happen

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Roosevelt New Deal plan also helped businesses to recover from the Depression loss. Shlaes mentioned in 1934, “Business has recovered half its depression loss, only 30 percent of the Depression unemployed has been put to work” (Shlaes 262). Also, to help recovery from the Great Depression, the New Deal offered social insurance; “Social Security seemed a gift on a scale most American would never have expected a president to be able to offer” (Shlaes 255). The Great depression impacted the Americana government in a way that the government had to change, reform and became more cautious of economic situations.

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1930’s The Great Depression The Great Depression was the largest economic depression of the 20th century, and is commonly used today as a measure of how far the world’s economy can decline. The depression started in the U.S in 1929 with the Wall Street stock market crash (known as Black Tuesday). This eventually spread globally and affected the economy of many other nations throughout the 1930s. Canada was greatly affected by this as Canadian industrial production fell to 58%, the second lowest level after the United States.

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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 World War I and the 1920s, the American economy was flourishing due to the increase in jobs and production which supported the war effort. However, underlying problems brought about by the end of the war: over speculation, inflation, and unemployment were growing increasingly detrimental. Eventually, after the stock market crash of 1929, the American economy fell into a depression. Faced with severe unemployment and food shortages, President Hoover struggled to restore the economy. In 1932, Franklin D. Roosevelt was elected president and he began to implement his New Deal programs.

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Roosevelt managed to accomplish many things and help the nation through the Depression. According to Document D, FDR was willing to try an abundance of methods to stop the Great Depression, and help people rebuild their businesses and lives. These methods, part of the New Deal, ranged from restarting businesses to reopening banks. During the Great Depression, almost all groups of people were being affected by the negative impact of the country’s economic loss. The New Deal was designed to help homeowners, farmers, senior citizens, young people, business owners, and many others.

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Herbert Hoover was president from 1929 to 1933 (“Herbert Hoover”, whitehouse). When Hoover started as president, America had low taxes, low unemployment, rising wages, overproduction, and people had started to buy goods with credit (Greenberg). Some of his major policies as president were conservation, labor rights, higher taxes, and the stabilization of the country’s financial structures (Hamilton). Some major changes that happened in the U.S. while Hoover was president were that the stock market crashed in 1929, the Great Depression, the highest unemployment rate in history, the increase in labor rights, high tariffs, and the establishment of the Reconstruction Finance Corporation (“Herbert Hoover”, millercenter). When Hoover left office,

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Although there are many aspects to the Great Depression, this essay will focus on five important points. First, an in depth look at the cause of the Great Depression will be examined. Then, how it affected the American people will be discussed. Next, an observation of how President Roosevelt’s administration worked to fix the Great Depression will be addressed. Also, the effectiveness of the programs put in place by the government will be presented.

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When Franklin Roosevelt took office the Great Depression was in full swing but this depression was caused by a laissez faire attitude wich not only stupid but unproductive from Herbert Hoover . Even after he did start to do something, it was too little, too late. So it was good news when FDR took office in 1932 because he passed a hurricane of legislation called the New Deal, whose goal was to help the economy recover. Roosevelt's organizations such as the (CCC, WPA, PWA, etc.) as shown in doc 3 with a cartoon that illustrates the many solutions Franklin Roosevelt gave to the United states as well as the cultural improvements to society .Yet it came at a cost, many people were concerned that this change was costing too much

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During the 1920s, America experienced vast improvement economically and socially, however, this great peak of improvement would soon come crashing down with the Great Depression occurring in the 1930s. There were multiple factors which contributed to the Great Depression such as mass production, uneven wealth distribution, the stock market crash, and minimal government participation within in the economical industries. These factors combined composed the most substantial depression America had ever experienced leaving millions of Americans unemployed, hungry, and homeless. However, in 1932 President Franklin Roosevelt was elected into office and proposed the New Deal which was intended to relieve the Great Depression.

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The Great Depression of 1929 was one of America’s most influential downfalls that crippled society for years. The depression caused many years of failure and poverty for almost all of society. The government’s role during these times was crucial and critical for turning around the economy. The depression had a major effect on government’s power and involvement with the people and states. The government was less involved before the depression.

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The United States has undergone many innovations and events during the 20th century. The U.S. became a growing economic powerhouse has technology and innovation enhanced and resulted in improvements to everyday life due to the changes made after World War I and by Franklin Roosevelt during his presidency. After this postwar era, the U.S. entered one of its most productive decades in history. Known as the “Roaring Twenties,” change in social, economic, political, and cultural aspects gave the U.S. a time of prosperity. However, this prosperity would only last for a little as the Stock Market Crash of 1929 would bring hardships back to the people.

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A prominent war such as this one is destined to leave a mark on the people of America whether it being compelling to its people or not. The Great Depression of the 1930s was one of the greatest factors that led the U.S. to its involvement with World War II. This was America’s most substantial economic crisis in history. During this time, more than a fourth of the workforce was unemployed. America’s entry to the war brought an end to this seemingly never ending plight for citizens.

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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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765 Words | 4 Pages

If you got lucky and did not get fired the wages fell and the buying power increased. The americans that were forced to buy on credit fell into debt,and the numbers of repossessions and foreclosures increased steadily. The gold standard fixed currency exchanged around the world, and helped spread economic distress from the U.S. through the world.7When the country elected Franklin D. Roosevelt he promised he would create federal government programs to end the Great Depression.8 The federal government programs allowed people to get more jobs and help the economy increase. Roosevelt was a big influence during this time period and impacted many people, giving jobs to citizens and boosting the economy. After Franklin Roosevelt created the federal government programs it allowed the economy and society to grow and strength from the unlucky situation.

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After WWII, society took a drastic change for the better in America. America had just gone through the Great Depression, which was the deepest decline in America’s whole history and everyone was affected. Numerous people lost their jobs and were no longer able to afford basic necessities like a house, food, and water. Many could no longer support their families and had nothing. This was all in result of the market crashing, sending the economy into a downward spiral.

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