The Great Depression lasted from 1929 to 1941 and juxtaposed some of the best and worst aspects of the human experience. On one hand, the Great Depression destroyed lives; as a result of the Great Depression, millions of people lost their jobs, their homes, and their ways of life. On the other hand, the Great Depression forced people to work together in order to survive; according to Doris Lindberg, “People helped each other.” Additionally, the Great Depression fostered a hardworking, thrifty, and tenacious character among those who survived it. Doris Lindberg is one of the survivors.
Joshua Youngworth Mr. Wall Period 4A 1-13-23 Stock Market Crash and the Great Depression Prior to the Great Depression stocks started to be purchased much more commonly as people assumed they could only gain profit from them. After the stock market crashed in 1929, the Great Depression soon began and the United States fell into a state of financial struggles. The Great Depression was a time where these struggles were common for tons of people all over the country and unemployment rates skyrocketed. The stock market crash caused the Great Depression because families couldn’t pay for anything, businesses started to fail, and banks closed.
President Franklin Delano Roosevelt’s approach to mend the Great Depression was more effective than that of the previous president, Herbert Hoover. Hoover and Roosevelt had contrasting ideas on how the Depression should be handled. Hoover was a republican businessman, who was brought up in a poor family and had worked his way to become financially affluent, while Roosevelt was a Democrat who came from a rich background. When the depression struck, Hoover was unable to provide suitable economical, political and social assistance to those Americans who desperately needed it most; this eventually resulted in the elimination of his presidency. Despite his affluent background, Roosevelt’s past struggles led him to develop compassion and earnest
This book seemed to give a great detail of the time period of the Great Depression and the impact of it. The author, Shlaes seemed very bias toward her opinion as she stated, “all the changes brought by the New Deal meant that the United States seemed a less reliable place” (Shlaes 336). She did not seem to like Roosevelt and the New Deal, but nevertheless, she seemed to give a great detail of the impacts of the Great depression on American life and how it changed their values and also how it impacted the American
The Great Depression was one of the most trying times in American History, and the 1932 election held the fate of the country. The American people were in a desperate time and they were looking to the next president for guidance. When it came down to the nominees, the American people had to choose between Franklin Delano Roosevelt and Herbet Hoover. Roosevelt was the obvious choice for the American people, as many people held Hoover personally accountable for the depression, as well as the fact that Hoover’s plan was for excessive government spending rather than actually dealing with the depression (Foner, p. 641). Franklin Delano Roosevelt was perhaps one of the most impactful presidents in the nation’s history, with one of the most anticipated inaugural addresses of the time.
As he says in the introduction: “The lack of personal experience makes it essential for us to seek new methods of understanding what life was actually like during the Great Depression. ”1 Therefore, McElvaine emphasizes the work of Stud Terkel, Hard Times: An Oral History of the Great Depression. This work can revive the lost human element of the Depression, however as McElvain says: “Memories are notoriously fallible. ”2
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson
Yes, concerns about major social and political revolution were justified at the time of the Great Depression. After the stock market crashed, banks failed as well as a result of millions of Americans withdrawing their money. Unemployment ensued because of the rapid decrease of consumer spending. These all mostly affected the working class, since they were the ones who went out of work when the Depression hit. Additionally, the big disparity of wealth between the rich and poor encouraged the Depression; 32% of the country’s wealth went to the richest 5% of people, while only 10% when to the poorest 42%.
The Great Depression of 1929 is the one people know well, at least in the United States, but what cannot be agreed on is how it happened. Many historians turn to the Stock Market Crash that happened prior to explain it, which smoothly transitioned into the Great Depression, making it a viable option. Not all historians stopped there however, and dug further, fully analyzing and discovering less obvious factors that could have catalyzed the Great Depression. Such factors besides the Stock Market Crash that may have prompted the Great Depression were difficulties in wage adjustment, the overall failure of banks and monetary policies, and the Smoot-Hawley tariff controversy.
The Great Depression was an impactful tragedy in the United States of America that was responsible in taking millions of citizens from work, bankrupting small businesses to large corporations, and leading to decreased consumer spending and investments. It brought may citizens onto the street and singled out the very few of the rich. The Depression was a result of the stock market crash, billions of dollars in value were completely wiped out in less than one day, and investors lost the life time’s worth of money. In the very beginning of this period President Herbert Hoover and his administration attempted to lower the impact of the depression on the citizens of America, but they had failed to do so, and in fact made it even worse on the
The Great Depression was a horrible but important time period of American history which allowed the country to learn from it’s mistakes and develop new policies that would benefit it’s
During Herbert Hoover’s term in serving president for The United States Of America, The Great Depression revealed the negative and positive aspects of his presidency. To begin,
Although the Great Depression impacted the society negatively, the government and people learned how to adapt to the unfortunate situation. Even though many people were impacted, the society has grown and become a stronger one because of it. Now the United States knows how to work with this mishap, they now know how to predict it and learn how to advance, and work with the problems in the future from this
In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.
Oluwatimilehin Olojo David US History July 16, 2023 Great Depression The great depression was a big historical event that affected a lot of US citizens and other countries for an awfully long time. This essay is to describe how the Great Depression affected the daily lives of an average American, the employment, basic needs, social and psychological well-being, and the experiences of women, children, and minorities. And talk about how President Roosevelt was able to instill confidence in society.
