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New Deal Dbq

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During the 1920’s, society as allowed to have freedom in their lives. With shorter, looser clothes, fun parties, and money to spend, many young people became accustomed to this easy, simple lifestyle. In October of 1929, the stock market crashed; in addition, many citizens panicked, pulling their money out of savings, causing the banks to run out of money and close. Many were left jobless, poor, and even homeless, living in small communities called shantytowns or Hoovervilles. When Franklin Delano Roosevelt (FDR) was inaugurated, he was obligated to solve many of these problems and re-instill hope into the heart of American citizens. He and his administration implemented the New Deal, a plan to improve the lives of the average American. The …show more content…

The stock market crash was a huge catastrophe that affected millions of Americans, even those not involved in the stock market, “[The crash] came suddenly, and violently, after holders of stocks had been lulled into a sense of security” (Document 1). After a huge drop in stock prices, many stock owners sold their stock in fear of losing money. The stock market was down $14 million, which even today is a very substantial number. FDR saw the issue in this, and immediately worked to eliminate the issue as well as prevent it for future generations. The Federal Securities Act of 1933, mandating that all companies selling stock provide proof of their company’s worth, and the Securities Exchange Commission of 1934, monitoring the stock market to ensure no one corrupts the stock market, allowed stock to be sold and bought safely once …show more content…

Prior to his help, many were unemployed; unemployed wanderers, later labeled hobos, were shooed out of towns (Document 2). FDR put many acts into effect in order to provide jobs, including rural jobs, wildlife restoration jobs, and even jobs for teenagers. The CCC,or the Civilian Conservation Corps, proved to be a favorite of these labor acts. As recounted by Keith Hufford, former CCC member, “the CC has equipped me with the weapons necessary to cope with the innumerable problems that are bound to obstruct my path through life and that must be surmounted before success can be obtained” (Document6). Men and women of all demographics were given the opportunity to work through FDR’s labor acts. Living conditions also improved under FDR’s administration. Hoovervilles, communities of poor, homeless families in public areas, existed all over the country prior to FDR (Document 5). With government assistance to make loans and improve conditions of homes for low-income families, fewer people were evicted from their homes. Unemployment, at a peak of 12 million unemployed in 1933, greatly decreased throughout the 30’s, ending the decade with a low of 670,000 (Document 9). Overall, FDR worked very hard to solve all of the problems in America in such a manner that is understandable to the average

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762 Words | 4 Pages

Throughout the 1920s, the American economy was growing rapidly with the rising stock market, supported by consumer spending, including those enjoying their unrestricted lifestyles and feeding into the illegal liquor industry. However, this came to an end in October of 1929 and lasted for 10 years when the stock market crashed, leaving millions of people with no financial options and unemployment. In addition, international trade and industrial production also collapsed. During this period, President Hoover and President Franklin Delano Roosevelt (FDR), came forward to try and resolve this economic crisis. The documents shown, Document 1: October 18, 1931: Message Regarding Unemployment Relief by Herbert Hoover, express his solution of collaboration, and Document 2, July 24,

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152 Words | 1 Pages

During the fall of 1929, the American stock market crashed, marking the beginning of the decade long economic crisis known as the Great Depression. Millions of people traded their shares to investors who later found out that they were worthless. From 1929 to 1932, more than half of the country’s product manufacturers were shut down and as result, almost 15 million workers were laid off and unemployed. It was not until President Franklin D. Roosevelt was elected in 1932 that circumstances of the time period improved. On his inauguration day, Roosevelt immediately started working to fix the economic decline by “announcing a four-day ‘bank holiday’ during which all banks would close so that Congress could pass reform legislation and reopen those

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564 Words | 3 Pages

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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638 Words | 3 Pages

During Franklin D. Roosevelt presidency, Franklin expressed multiple ways that the economy could once be prosperous again and how to bring relief to americans. This plan was called the New deal and included FDR’s multiple benefits towards the economy and Americans, but also the various drawbacks to individuals portraying the economy and Americans. FDR was a very determined and ambitious man due to his handicapped conditions. FDR never gave up and stayed strong on his ideas about the New deal and his plans for the American people.

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1136 Words | 5 Pages

Only two months after the crash, stockholders had lost approximately $40 billion dollars. From that point on the United States economy was headed in a downward spiral. According to History.com, by 1932 about 13 -15

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1249 Words | 5 Pages

During the second new deal, he changed direction because his popular support began to ebb. During the summer of 1935, also known as the ‘second hundred days,’ he passed progressive legislation that dedicated the government to providing a minimum level of social and economic protection. It had three major initiatives: the Works Progress Administration, the Wagner Act, and the Social Security Act. The Wagner-Connery National Labor relations act guaranteed the labor unions the right to organize and bargain collectively, and establish national labor relations bound to enforce these rights. It also curbed the use of practices like blacklisting, and union membership grew to over 13 million during WWII.

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646 Words | 3 Pages

During the Great Depression from 1929 to 1939, workers lost their jobs as the demand for products went down and companies had to fire them to save money. Families were very poor and often had little food and other resources. The current president, Herbert Hoover, did little to help because he believed in Laissez Faire Capitalism, and thought the economy would eventually repair itself without any intervention from the government. Many Americans found fault with this, and expressed this distaste by doing things like name the shantytowns that evicted Americans lived “Hoovervilles”. The preceding president Franklin Roosevelt took immediate action to help Americans suffering in the Depression.

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2025 Words | 9 Pages

In 1929, the stock market had crashed—millions of Americans had lost their jobs, homes, and livelihoods. The United States had entered a period of economic turmoil: The Great Depression—one of the darkest points in American history. Although President Hoover tried to improve the American economic condition with an array of programs (including the Emergency Committee for Employment), he was unsuccessful (Perry). In 1932, voters ousted Hoover in the presidential election. In 1933, Franklin Delano Roosevelt took office and began his crusade against The Great Depression.

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625 Words | 3 Pages

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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800 Words | 4 Pages

In the following days of October, an incredible misfortune occurred. This event would soon be known as “Black Tuesday”. This unfaithful day was the day where the stock market plummeted leading to a great crash in the economy. This led plenty of individuals to become homeless and live in a state of poverty. Many of these individuals began to create their own society's known as Hoovervilles.

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1159 Words | 5 Pages

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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583 Words | 3 Pages

By 1930, four million Americans looked for work and could not find it. That number had risen to six million in 1931. Farmers could not even afford to harvest their own crops, and were forced to leave them rotting in the fields while people elsewhere starved. Hoover made the Massive Government Spending step, and it worked perfectly.

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880 Words | 4 Pages

During the 20s, which became known at the Roaring 20s, American society was at an all time high and people were prospering as the nation’s wealth almost doubled and American was sent into the modern, consumer age. However following almost directly after the Roaring 20s, America entered a period of economic failure, also known as the Great Depression. During this period, the U.S faced economic, social, and political turmoil. The government and various individuals quickly sought after solutions to address the problems facing America during this time. Herbert Hoover, who was President at the start of the Depression, and his many reforms intended to revitalize the economy and create more jobs but would fail and his belief in rugged individualism

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111 Words | 1 Pages

Life in urban America during the Great depression affected every person, every race, and every community. The number of homeless rose exponentially. The homeless formed little communities called Hoovervilles. (Shultz, 2014). They made shelters out of whatever scraps they could glean.

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1693 Words | 7 Pages

After the stock market crashed on October 25th, 1929, the country quickly fell into an economic depression. Along with high rates of unemployment, many were left without water or heating for months on end while others weren’t even fortunate enough to have a roof over their head. As a result, president Franklin D. Roosevelt set in action the New

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