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The Stock Market Crash In 1929: The Beginning Of The Great Depression

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The Stock Market Crash in 1929 was the beginning of The Great Depression. Half of the banks in America failed because banks had invested deposits in the stock market. In 1932, 22.9% of Americans were unemployed, while those who were working had reduced hours and wages dropped 42%. Franklin D. Roosevelt became president in 1932, and during the first one hundred days, he enacted the first New Deal. His first New Deal meant to revive the economy by producing less, however later Congress declared it unconstitutional. Later, Roosevelt created the second New Deal which was composed of these three main acts: The Wagner Act, The Social Security Act, and The Fair Labor Standards Act. During the Great Depression, record sales began to drop. However, this did not mean that the American people stopped listening to music. Radios started to become popular-- in 1930, 40% of households owned one. In fact, some record companies started selling radios to keep from failing. Furthermore, in 1933, prohibition was repealed by the 21st amendment. While this gave jobs to the unemployed and revenue to the government, it also meant that speakeasies were no longer a necessity. As a result, jazz musicians started finding work elsewhere. Many musicians, such as Benny Goodman, took to playing music live over the radio. …show more content…

Benny Goodman was one of the big bands that brought swing music to white audiences. Goodman, however, bought pieces from Fletcher Henderson and insisted on integrating his band. Artie Shaw had dome the same before by having Billie Holiday as his lead singer. As swing music grew more popular, it also grew more commercial. Bands were playing for record labels with agents who wanted to sell a certain sound. There was a formula for deciding what went on a record. This was one of the reasons for the end of the swing

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On October 29, 1929 the great depression had established a start. The stock market crashed and many people were laid off work in the next weeks. President Hoover believed that it was just a bump in the road for the people in america, but it turned out to be much more. As President Roosevelt came into office, he had to repair america from all chaos Hoover created.

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The United States economy plummeted into a depression just six months after their newly elected president, Herbert Hoover, had taken office. The stock market crashed on October 24, 1929. As panic was starting to strike ten billion dollars was taken out within a short five hours. Soon enough, the United States, found itself within perhaps the worst modern disaster. It put millions of men on the street.

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Repercussions of the New Deal during the Great Depression Government programs always affect our country; whether or not we seek all aspects of the program determines the outcome of the situation. Franklin D. Roosevelt (FDR) became president March 4th, 1933, and he served as president for two terms. FDR was a fighter, he fought a battle with polio, and he also fought to get the United States out of a Great Depression. He came up with the New Deal, a series of government programs intended to help. The Great Depression started when the stock market crashed October 29th, 1929, and the economy fell tremendously, and unemployment rose.

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The Great Depression was a devastating economic downturn in the United States that began in 1929 and lasted until the late 1930s. The stock market crash of 1929 is one of the most famous events that marks the start of the Great Depression. The crash caused businesses to fail, unemployment rates to skyrocket, and people to lose their homes, their savings, and their hope. President Franklin D. Roosevelt's New Deal policies aimed to provide relief, recovery, and reform to millions of Americans struggling through the Great Depression.

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The Great Depression was one of the most impacting times in the United States history. Herbert Hoover had become president in the year 1929, which was the same year the stock market had crashed. There had been a recession during the month of August 1929, two months before the stock market crashed. “Production was declined at a rate of 20 percent, wholesale prices at 7.5 percent, and personal income at 5 percent” (hyperhistory.com). The stock market had crashed on October 29, 1929, also known as “Black Tuesday”.

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Franklin Delano Roosevelt, took a hold of the position of President of the United States of America in 1933, right after the Great Depression started. Great Depression (1929-1939), was the biggest economic downfall in the history of United States. It led to the unemployment of 13 to 15 million people, setting the entire Wall Street to panic and failing nearly half of the banks of United States, closing thousands of businesses. President Roosevelt was the one who leaded United States during a time of worldwide economic depression and a total world war. Some historians and opponents of President Roosevelt argue that the New Deal introduced by him was just a political stunt to alter American traditional and was ineffective in its proposal to end

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It was the month of October when an overwhelming stock market crash occurred sending the United States into the Great Depression. Unemployment was becoming commonplace all across America, and by 1933 thirteen to fifteen million people became jobless. At this time, the lines of the food kitchens became longer and longer and Americans were unable to find jobs. When Election Day came around Franklin Roosevelt won by a landslide and became the president of the United States. Mr. Roosevelt at once set out to make programs that would decrease the amount of unemployed people in America by establishing the New Deal.

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The United States stock market crashed on October 29, 1929 a day now known as black Tuesday. The stock market prior to this has been going up for year, but now its plummeted down. This set the United States in to the Great Depression. The President Herbert Hoover during this time urged patience, but American didn’t need patience they needed change. In 1933 when President Franklin Roosevelt went into office he was campaigning with the idea of the “New Deal”.

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