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How Did The Great Depression Affect The Economy In The 1930's

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Imagine working sixty-hour weeks on your family farm planting the harvest, feeding the livestock, mending fences, and fixing equipment because your family can afford to hire a mechanic. You rise well before sunrise in the dark to tend to the animals while your younger siblings sleep. As they laugh and play on their walk to school, you must stay home and help your parents work to keep the farm going. They get to socialize with their peers each day, but you can't remember the last time you talked to anyone your age. Then one day you wake up and find all your hard work and sacrifice blown away by the wind. Your family is homeless,penniless and hungry. For many people during the 1930’s, this was common. The Great Depression has an adverse effect …show more content…

A house behind ours sold for $25. Many good houses in Marion sold for $5 to $100 and were torn down and moved to nearby towns. We settled with the loan company for $125, or ten cents on the dollar for our $1250 mortgage.” This proves it because houses had to be sold cheap to get money because people really needed money at the time. The story also proved that it had an effect on the economy by saying “The Federal Emergency Relief Administration (FERA), created in 1933, gave $3 billion to states for work relief programs. The Agricultural Adjustment Act subsidized farmers for reducing crops and provided loans for farmers facing bankruptcy.” This proves that the Great Depression affected the economy because money was given to farmers so they could grow crops and also to work relief programs to create jobs. In conclusion, the Great Depression had an adverse effect on the economy. Though the Great Depression had an adverse effect on families, education, and the economy, hope was not lost. When families found themselves homeless and penniless, President Roosevelt’s New Deal reforms helped them get back on their feet, reassuring the American people that even in the darkest days, the government would not turn its back on

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During the depression, agricultural product prices continued to drop. When Roosevelt became president, one of the first issues he addressed was the “farm problem.” He would go and visit these poor farmers and promise some type of change. Roosevelt created the Agricultural Adjustment Act of 1933, which brought immediate change and provided crop reduction. This Act paid farmers not to plant, in exchange for cash payments.

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By 1933 people could no longer access their money, because the banks had been closed down. Many individuals began to foreclose on their houses, leaving them homeless without a job. The individuals

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This tragic event sent Wall Street into a complete frenzy and took out millions of investors. Over the next few years, consumer investment and spending decreased. This caused sharp declines in manufacturing production and rising levels of unemployment. By 1933, 13 plus million Americans were unemployed and nearly half of the country’s banks failed (Coker, 2005). Thanks to the reform and relief measures placed by President Franklin D. Roosevelt helped diminish the most horrible effects of the Great Depression.

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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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Economically, the New Deal assisted the United States by providing jobs. Many Americans were poor during the Great Depression (Document 1). These individuals lived in Hoovervilles, or shantytowns, and struggled to find fresh produce. Due to a lack of income, most of these individuals had to eat food thrown out by greengrocers. However, these circumstances were even worse for individuals who farmed (Document 6).

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According to video, the United States had face hard times in Great Depression in 1920s, because many people spend too much money on the stocks, so the banks could not control over the debts they owe so that market system had been crushed during that time. However, President Roosevelt created the new programs which is called “New deal” so that workers are could get earnings from creating dams, buildings. States taking control over the setting the prices for workers’s wages so that they could invest some money to use for later. Therefore, the banks had been recovered and functioning well because they had been running with consumers spending with earnings slowly. Furthermore, Government also control over private companies so that they could

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During the Great Depression, in 1929 when the stock market fell, many Americans were greatly affected in a negative way. Among those negative effects were the closing of thousands of banks, millions of unemployed people, shortage in money, and the loss of many people’s homes. President Franklin Delano Roosevelt fortunately had a way to help, and fix the problems with the closed banks and unemployed persons. In the beginning people began to lose their steady jobs, and had to resort to finding a days work here and there by filling in those days with little odds and ends jobs wherever and whenever they could.

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The Great Depression of the 1930s severely crippled the United States economy, leading to widespread unemployment, business failures, and poverty. Thousands of banks around America went bankrupt, and millions of people lost their livelihoods and fell into poverty. The Roosevelt administration, in particular, was tasked with managing the economic crisis. He attempted to manage it through the New Deal. The New Deal programs aim to revive the economy and reduce unemployment.

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Zaid Mehmood Professor Brucher Paper 2, Draft 1 3 April 2024 A Time of Economic Disparity The Great Depression’s impact on society for the working-class was profound. Sharp economic downfall has resulted in families across the country experiencing financial hardships. Farmers faced challenges with the agricultural economy declining, leading to falling crop prices, which ultimately led to many losing their farms, because they were unable to make enough money to pay their mortgage and debt.

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“We had home remedies for illnesses and made our own soap for washing. Every penny counted. Nothing was ever wasted.”- Madge Conti Browning. Families changed drastically during the 1930’s, some for the better, others for the worse.

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The Great Depression hit the citizens of America in 1930 and created havoc on farmer’s crop profits (Tarshis 8). The banks began to close and lose money. Wheat prices dropped and life for the settlers of the Great Plains became harsh. There was no money circulating throughout the economy given that no one in the region had any to spend without the sales of their crops (Henderson). Families became poor and could no longer manage their farms.

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The movie, "Bonnie and Clyde", was based on a true story in 1930, one year after the great depression begun. The Great Depression was the worst economic downturn of America, it left many people homeless and unemployed during the 1930s. The stock market crash of 1929 extremely affected life in the 1930s. Before 1929, the economy was starting to prosper and families bought cars and homes in record numbers, often on credit. After the market crash, almost half of America's banks failed, and unemployment 30 percent of the workforce nationwide.

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The stock market crashed on October 29, 1929 and the economy was in shambles for years as a result. Many people didn’t have jobs and had little or no money. People struggled in the most basic ways to provide for themselves due to a lack of work and many lived far below their previous standard of living. Franklin Roosevelt signed a plan called the Farm Security Act to help and aide poor rural farmers during the Great Depression. This plan helped a lot of people and the nation benefited greatly from it.

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This led to a more stable economy by stabilizing the agricultural industry and giving farmers a more consistent source of income, the AAA was successful in increasing agricultural prices and decreasing the number of farm foreclosures, which had a positive effect on the economy and society. It gave some respite to farmers who had been fighting to make ends meet throughout the Great Depression. Some may argue that worries about food shortages and price increases resulted from AAA’s concentration on production. While this might be true, the Agricultural Adjustment Act was a well-intentioned effort to stabilize the agricultural sector and promote economic recovery during a time of crisis. Which was found to be successful.

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Novelist, Eric Schlosser, in his novel, “Fast Food Nation”, expresses how fast food has spread. Schlosser’s purpose is to make us see how addicted we are to fast food. He adopts a shocking tone through the use of diction, Logos, and diction in order to get people to make better choices. For starters, one of the strategies that Schlosser used in this text is diction. Diction can be defined as style of speaking or writing determined by the choice of words by a speaker /writer.

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