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The New Deal Was The Main Cause Of The Great Depression

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The great depression was shortly after the stock market crash which unemployed many americans and put many businesses out of business. The first long term cause of the great depression was agriculture. More specifically, it was when the farms over produced during World War I. This caused the depression because farmers took out loans to produce goods and the more they produced the more the prices dropped. The second cause of the Great Depression is industry. More in depth, it was when they developed cars, trucks, and buses so people don 't have to take the railroad. This caused the depression because less people are taking the railroads so the money spent to take the train that goes to government won 't go to the government. In 1928, …show more content…

The program SSA was a relief program meant to help the disabled unemployed and the people too old to work. More specifically, it provided money to the disabled, old and unemployed whereas before they didn 't receive any money for their needs. This proves the New Deal was a success because with the program SSA put in the elderly or disabled now have somewhat of an income instead of being homeless. The program USHA was a reform program meant to help the homeless in building houses for them. More specifically, it gave money to the state to building low income housing for the poor and homeless. This proved the New Deal was a success because it help to reform communities by giving the state money to build …show more content…

However, some will argue the New Deal was a failure because it discriminated against blacks and put the government in debt. According to document 5, it shows the government increased because in order to help the unemployment rate the government had to spend money on more programs to create jobs. This shows the new deal was a failure because the government debt increased in order for the government to implement new programs for jobs. According to document 7, it shows the blacks being discriminated against. More specifically, the FHA would refuse to guarantee blacks mortgages if they tried to buy in a white neighborhood. This shows the new deal was a failure because the new deal wasn 't for all americans, it was discriminatory. Even though this documents show that it was a failure, the new deal was still a success because it helped americans through the depression by providing a direct relief and then reforming the

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The New Deal was successful because of gave jobs to many jobless people and ending the banking crisis. A newspaper article said that U.S banks are unstable. People go to the bank to get their money. The banks don’t have enough money to give to everyone. Police are called in to keep peace.

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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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The New Deal program produced a liberal political alliance for many different groups. When the program started men were embarrassed by the thought of jobs being created for them since many men were unemployed during the depression not being able to help take care of their families. The program also sculpted the idea of women being a part of the social services field or teaching curriculum. He also reformed the financial system, making the Federal Deposit Insurance Corporation to protect people who deposit accounts ' and the Securities and Exchange Commission to help police the stock market so that there could not be

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The Great Depression was a financial and industrial recession that began in 1929. Two long-term causes of the Depression were the overproduction of crops by farmers, which exhausted the land and spurred a huge decrease in crops’ value, and a large number of people buying on margin in the stock market, forcing banks to lose more money than they could afford. President Herbert Hoover, elected in 1928, believed in rugged individualism, which meant there would be no government handouts, voluntary cooperation, where people help themselves and the government only mediates, and that the economy has cycles and therefore the Depression should not be considered dangerous. These beliefs prolonged the Depression because Hoover did not give aid to citizens nor did he attempt to change the economy. When President Franklin

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This letter from the time reinforces the idea that the New Deal did not help everyone. While maybe true, the relief supplies being sent to the citizens of America were for them to distribute. Cases of only some people being given the correct supplies were few and far between. However, the New Deal had its small issues, as anything does, but the truth is that it pulled the United States out of the Great Depression and overall helped the country through its

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502 Words | 3 Pages

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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America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.

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The Great Depression was caused by speculation and installment buying, income maldistribution, and overproduction because each of these factors combined made the economy worse before and after the stock market crash, which led to The Great Depression. Speculation and installment buying helped caused The Great Depression because people were buying so much stuff on credit, when

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Was the New Deal successful or unsuccessful for the United States of America? Overall the New Deal had a more positive impact the negative impact. The New Deal created many new opportunities and did many great things for America. There are many reasons to help contribute to the fact that the New Deal was successful.

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The Great Depression was a period of severe economic recession that flogged the American people. It was primarily caused by the overproduction of goods and the massive unequal distribution of wealth. America during the years leading up to the depression had an abundance of production coming off the recent World War, but since wages hadn’t increased, no one was able to buy the products. Also, by 1927, nearly forty percent of all the nations wealth was controlled by the top five percent, and this caused an extremely unstable economy. Similarly, the failure of the Hawley-Smoot Tariff and the closing of banks were both minor causes of the Great Depression.

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Many people wonder what the New Deal really did for the American people. The New Deal was a series of national programs proposed by President Franklin D. Roosevelt. The New Deal programs happened during 1933-1938, right after the Great Depression. The New Deal had a very positive effect on the people of America by creating new jobs, gaining trust in banking systems, and getting freedom from the effects of the Great Depression.

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The first cause of Great Depression was bank failure. It was one of the main causes of the Great Depression. Throughout the 1930s over 9000 banks failed. In 1920s there were a lot of banks.

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The Great Depression was the worst economic downturn in the history, which lasted from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Spending began to drop, and it caused declines in employment and some companies began to lay off workers. By 1933, the Great Depression reached its lowest point and millions of Americans were unemployed. The 1920s consisted of dramatic social and political change.

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The New Deal had many successes including agencies creating jobs and fireside chats which would give hope to the people. One success of the New Deal was how the agencies

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