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New Deal Dbq

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In October of 1929, there was a stock market crash bigger than the American people had ever experienced before. The crash was caused by speculation and buying stocks on margin. Once the stockholders realised that the prices were inflated, they tried to get out and sell. This caused the stock market to lose six-sevenths of its original value (Fischer 3/16). Since the stockholders were buying on margin, they lost everything they had when the prices fell. The stock market crash was one of the major causes of the Great Depression. During the Great Depression, the American people were struggling. Franklin Delano Roosevelt, the President at the time, had a plan to help the people. He called his plan the New Deal. Ultimately, the New Deal was successful …show more content…

During the Great Depression, people and families were struggling to get by. Unemployment was at an all time high and poverty struck many Americans. Martha Gellhorn traveled to North Carolina and documented the effect the Great Depression was having on families. She wrote, “it seems like people were degenerating before your eyes” and “ The price of food has risen, it’s getting cold and they have no clothes”(Gellhorn 166). The American people needed help and the New Deal was like a helping hand guiding them back on track. With programs such as the Federal Emergency Relief Act, the second Agricultural Adjustment Act, and Social Security, the government was able to redistribute the wealth in the economy. Huey Long, the governor of Louisiana, fought hard for redistribution of wealth to protect Americans from economic misery and insecurity. Long believed that people with wealth were obligated to share it with people who needed it (Long 175). Working people’s letters were also wrote to New Dealers concerning wages, hours, and working conditions. They wrote, “we don’t make enough to live on and pay our just and honest debts” and “ I can’t see for my life why a man must toil and work his life out in such factories for a small scum of 15-35 cents”(J.G. 171). The people cried out and FDR heard them. FDR created programs in the New Deal such as the Civilian Conservation Corps Act, the …show more content…

When Martha Gellhorn traveled to North Carolina, she noticed that in every household there was a picture of the President. “ What is keeping them sane, keeping them going on and hoping, is their belief in the President” (Gellhorn 166). FDR and the New Deal stood for change and gave the American people hope. “Though everything else fails, he is there, and will not let them down” (Gellhorn 166). A letter to FDR stated, “I know you are the one and only President that ever helped a working class of people” (J.G. 171). A hidden effect of the Great Depression is that it brought people closer together. The people shared the same problems and felt united, all working together to achieve a common goal. Jose Flores, a Mexican-American farm worker spoke on the importance of sticking together. He said, “only by sticking together could we obtain a gain”(Flores 178). The New Deal encouraged unions and banding together with the Wagner

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Harold Ickes: The Icon of the Public Workers Administration The Great Depression of the 1930s was a catastrophic time period of international stock market crashes, economic downfall, and drop in world trade, that lead millions of Americans to become poor overnight, spiraling them into poverty. Many factories and businesses had slowed down production and construction process. Firing their own workers was their only solution. Those who were employed had their salaries dropped.

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The Stock market Crash was one of the causes of the Great Depression. One cause of the Stock Market Crash was the stock exchange. This led thousands of Americans to invest in stocks and lose money. Many Americans borrowed money from the bank to buy stocks. Most of the time, people who lost money were unable to pay the banks back their debt; which caused banks to fail.

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From 1929-1939 there was a devastating dust bowl and depression sweeping through the United States in the wake of World War I, forcing the nation to search everywhere for a beneficial solution to the crippling unemployment, horrible distribution of wealth, and consequent pain. Franklin Delano Roosevelt, the president from 1933 to 1945, was one such person who searched for a solution, and started the New Deal, a radical theory for the time period. Although early on, FDR tried to distance himself from radicalism, as seen when he called out the strikers at the Republic Steel Mill for turning against the government, the source of help in the despair, his proposed legislation did not reflect this anti-radicalism. He began his presidency even, with

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832 Words | 4 Pages

October 29, 1929 was perhaps one of the most dreadful days in American history for its economy. Before “Black Tuesday”, as it was known, stock prices had been dropping. As a result, America experienced a devastating reality known as the Stock Market Crash. Many economists hold the belief that it was caused due to people “buying on margin”. The effects of this were detrimental and quickly lead us into a depression, and not only for America, but around the world as well.

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604 Words | 3 Pages

There was a stock market crash on October 19th 1932. Everybody who had invested in stock had lost all of their money, and savings. Many people were rushing to the banks to get their money out. Stores and factories went out of business and 13 million people were jobless.(source B) People who worked in factories made less than $.10 an hour. There were bread lines all across America.

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Roosevelt’s programs made the people believe that, with time, the nation might be restored to its former glory, or even become greater. One man expressed how the New Deal affected him and his peers by simply saying, “Just knowin’ that for once there was a man to stand up and speak for him… has made a lot of us feel a lot better” (). Roosevelt wanted to make sure workers felt like someone was standing up for them. He was devoted to improving not just their lives, but their outlooks on

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808 Words | 4 Pages

When Franklin Delano Roosevelt was inaugurated as president of the United States on March 4, 1933, the United States had begun its passage through one of the most atrocious events in American history, The Great Depression. When Roosevelt assumed office, the economy was in shambles, jobs were vanishing, and many people were struggling. America was in desperate need of help, and once Roosevelt became president, he immediately began working to fight the devastating effects of the Depression. His recovery plan included a multitude of programs, acts, and legislation, called the New Deal, which was broken up into two separate groups of programs, the first and second New Deal programs. For countless Americans, both New Deal programs provided immediate relief in the forms of regulation, basic living necessities, and work.

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1944 Words | 8 Pages

On the most concrete level, the New Deal developed a sense of identity for a generation of disillusioned men, transferring the idea of societal functions into a vastly different society than the one that existed before World War I. Robert Miller claims that as a result of working in the CCC, his feet were, “firmly planted on the steps of life.” (Doc G) Miller was enrolled in the CCC during the Great Depression, and thus would be well-acquainted with the effects of New Deal programs on developing a sense of self-identity. As a result of his perspective, Miller felt that he was secure in a life he felt familiar with rather than an uncertain future, suggesting an adherence to the status quo. Additionally, a breakage from the highly successful society of the pre-Depression years was necessary to prevent a revolution in society. In a letter to President Roosevelt, Walter Procter claimed that things were, “bound to reach a breaking point” as human nature “reaches its limits.”

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628 Words | 3 Pages

Franklin D. Roosevelt introduced the New Deal to help many people that were affected by the depression that started in October 1929. The Wall Street crash in 1929 would be the crash that would cause a depression in America and that was the economic depression. After the depression that Wall Street market crashed. 12 million people were put out of work, which also caused 20,000 companies to go bankrupt. Many people were depressed and were looking for a way out.

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FDR promised to flip Hoover’s structure upside down and put those who actually needed the help at the top, and make the wealthy his last priority. Roosevelt taking action triggered the government to stimulate the economy instead of just sitting back and watching it fluctuate

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706 Words | 3 Pages

In this paper we will be talking about The Great Depression and Franklin D. Roosevelt’s New Deal. We will be looking at 8 documents that are all about the topic. One of the documents is a political cartoon. Another one is a flyer about social security but we will get in to this later. Document A is from Meridel Lesueur in the magazine New Masses.

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After the expiration of this act, President Roosevelt extended to “protect children, to enforce minimum wages, to prevent excessive hours… while retaining fair competition” (Roosevelt, “Fireside Chat 1933” 3). The National Industrial Recovery Act’s primary goal was to establish a good work environment for industrial workers and to limit industrial competition. This act protected the lower class immensely, because they were finally receiving rights that protected them. Additionally, this act also place limits on the rich because it forbade unfair practices that only benefited them and not the lower class. This act helped Americans surpass the Great Depression because it allowed businesses to recover by limiting competition, which reduced unemployment rates since people were able to get jobs with fair wages and hours.

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The New Deal The Great Depression was a time of pain, economic and physical suffering for the citizens of the United States. Americans were used luxurious lives, but when the stock market crashed in 1929 the country went into an economic slump. Americans went from parties and joy from the 1920’s to hardship and sadness. Millions were unemployed, and many were starving.

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780 Words | 4 Pages

There began to be a gradual decline in prices and the stock market ruptured. On October 24, 1929, the infamous “Black Thursday” took place, where stock holders went on a panic selling spree. Things then went from bad to worse, stock prices went down 33 percent. People stopped purchasing goods and business investments decreased after the crash. In the fall of 1930, the first of four major waves

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Causes of Bank Panic Stock Market Crash of 1929 It was believed that the stock market crashed on ‘Black Tuesday’, 29 October 1929 is one of the causes that led to Great Depression. The investors lost more than 40 billion Dollars after two months of the original crash. The stock market rebounded but it was not sufficient and America had entered Great Depression. Before Great Depression, most of the capital of businesses in America were represented by stocks.

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