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The Great Depression Research Paper Outline

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The Great Depression

The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs. The reason behind this was because after WW1 America was the largest agricultural power and after the war most countries didn’t have the money to buy crops from America so that left the farmers in America with too many crops, the people in America couldn’t afford to buy all the crops that needed to be sold so …show more content…

He believed that it was the people’s responsibility to get themselves out of the depression since they got themselves into the mess in the first place. President Franklin D. Roosevelt on the other hand would interact with the people of America during the depression, FDR would actually get on the radio every week and talk to the people about what he had planned for them. The New Deal was FDR’s plan and It was designed to give people their jobs back and reduce the amount of the unemployed people in the U.S. However, the New Deal wasn’t specific on how it’d give the jobs back in fact the New Deal actually catered to white people, black people were stripped of their jobs and were replaced by white people. The New Deal also opened soup kitchens were the unemployed could go to get a free meal. The New Deal also managed banks so the banks couldn’t spend money that they didn’t even have, and it also helped end the depression and helps prevent new ones from happening in the

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THE GREAT DEPRESSION 1929 was the start of the deepest and darkest time for the United States Stock Market and the people of the United States. The Market crash, the loss of American jobs and homes, lead to one of the hardest downfalls in American history. Along with billions of dollars lost due to bad stock trading, over extending on personal credit and the spending of money that had yet to be produced. The American people never stood a chance and in a matter of 10 days the lives of almost everyone changed. In 1928 Herbert Hoover was elected as president.

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The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.

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To begin, the Great Depression took a great toll on the typical American man. Many got fired from their jobs causing unemployment. It was almost impossible to get another job so they were stuck living with no money at all. Not having money caused most men to struggle with bills. Because they couldn’t pay bills they went into debt.

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During his first term in office, he took on programs and policies to relieve the effects of the depression, collectively known as the New Deal. During this time, many social policies were passed to specifically aid the working class. Some of the acts Roosevelt implemented were the Glass-Steagall Act, the Federal Deposit Insurance, the Securities and Exchange Commission, the Home Owners Loan Corporation, the Works Progress Administration, the National Labor Relation Board, and Social Security. All of these acts were put in place to aid the working class, and prevent the severity of future depressions. The outcome of the New Deal gave a new role for the federal government, which is the partial responsibility for the people’s financial

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In addition, the New Deal also created works programs like the WPA which, “Created jobs for millions of unemployed people constructing roads, hospitals, parks, and many other projects”(Kantor’s Website). These works programs provided men with jobs so they could receive paychecks to feed their families. Even though the salary was at an all time low, anything helped, and the parents were just glad to be able to provide hot lunches for their kids. The New Deal policies allowed families to get back on their feet and relieve some of their

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During the 1929 - 1939 many people were in debt and a lot of jobs were lost. The Great Depression was bad it affected the whole world, the hoover dam was created and the welfare system was also a result of the Depression. The Great depression had alot of effects on people and the world. The trading routes with other countries to America stopped.

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Many of the things created in the New Deal are still very important and used in society today. Value of World Trade was cut in half due to the Stock Market crashing in addition to countries that were in debt to the United States such as; Great Britain and Germany were hit severely and went into an economic crisis of their own

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The Great Depression was one of the most devastating economic crises in the history of the United States. It began in 1929 after the stock market crashed, setting off an economic spiral. Lasting for a decade it caused widespread unemployment, poverty, and social unrest. The economic collapse had devastating effects that had impacted everyday American life, including individual families, to the national economy, and even the government. During this period of time the American people faced a range of challenges including, unemployment, homelessness, starvation, and social inequality.

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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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The Great Depression cause great impact to the people during the time. It cause people to be homeless, unemployed, starved, sick, and the kids had to stop school to work. Money was a big problem because there was a lot of bills and mouth to feed but there is no money to paid. Day by day all the people tried to lived off what they have but not enough when the economy is at its worst. The people who got effected the worst are the African American, Hispanics, and others poor people.

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