The Great Depression started in 1929 when the stock market crashed. The banks didn’t have enough money to give. President Hoover was a bad president and then when FDR took over he wanted to change it. Hoover did one thing by making the Hoover Dam and saving money by making water into electricity. The Great Depression was the worst bankruptcy in America's history. The New Deal failed because it didn’t work at all. Yes it did give people some money but mainly the jobs were temporary and didn’t success that good, it did give you money but with the temporary job you couldn’t stay steady with payment. White people started to take black people jobs and that made them upset so that's why it still failed because they still have people with no jobs. Forty percent of black workers were sharecroppers and tenant farmers. Discrimination against blacks had started and the New Deal had invested 50 trillion dollars in today's currency that was 50 billion in the 30’s. Roosevelt used the 3 r’s which were relief , reform recovery. Relief was going to give someone a job and help them get back on their feet. . Reform was to help the country …show more content…
Even though it was the worst that the country had no money everything worked out. We had caught balance and then everything was good. The next thing that would happen was world war 2 and new technology was coming out. Guns were going to be made and new vehicles. If we stay as a team we can do anything as America but we need to stick together to win future wars and to be prepared. Even the New Deal was a fail we can learn our mistakes and fix them. But sometimes we make the same mistake and a country messes up a little thing can turn into a huge problem. Roosevelt was still a great president. Hoover had done nothing with trying to help us get out of the great depression. Roosevelt tried his hardest but still failed but that is what is part of life is living and learning from
Many Americans lost all their money to the stock market when it crashed in 1929. Americans looked to President Hoover to end the depression. Most of Hoover’s policies were not likely to end the Great Depression. For example, President Hoover believed if the government could save business’ like banks, railroads, insurance, etc. that it would stop business collapse.
The Great Depression in United State from 1929-1939 Great depression the economic crisis of a nation, and it’s affected the whole world. The great depression was one of the most severe and worst economic crisis that the united states have ever experienced in history. The United States was a state that was flourishing in its economic system, their power of industrialization was booming, consumers were spending and investing, there was economic growth. But around October 24th 1929, which was also known as black Thursday there was a stock market crash, the value of stocks dropped, and cross the country hyperactive brokers hurried to place sell order. This fall in the stock market sent the United States into a shock and swabbed out a lot of investors.
Some might be wondering, what caused the Great Depression? Well, the Great Depression arrived in 1929. American citizens were out of work and didn’t want the government's “charity”. Stock market crashes, supply and demand, and contractions are some of the causes that can be found throughout the Depression.
The Great Depression was devastating to many people. From 1929 - 1939 life was a struggle. This all began when the stock market crashed in 1929 causing a great effect on people. Most stopped using banks and no longer trusted them. Jobs were scarce and people looking for them were plentiful.
The Great Depression was a hard time for the United States. The Great Depression was a huge plunge in the economy. There were many factors that contributed to the Great Depression. The stock market crash was one of the biggest factors in the cause of the Great Depression. Banks started to also crash losing peoples savings and making people panic.
The greatest downfall in American history began in the 1930s as the stock market crashed and unemployment rates rose. Hoover, the president at the time did nothing to little to help his people. As another presidential election came the democratic nominee, Franklin Delano Roosevelt promised a New Deal. Without a clear plan or layout Americans were desperate and voted for FDR as the 32nd president of the United States. New Deals were merely a set of experiments conducted by FDR’s brain trust.
The Great Depression occured October 29, 1929. The stock market crashed. The value of stocks plummeted $14 billion dollars, also known as “Black Tuesday.” There were many causes of the Great Depression such as, unhealthy corporate and banking structures, unsound foreign trade policy (Hawley- Smoot Tariff Act), economic misinformation, unequal distribution of income, and supply-side economics. Capitalism did not self-reform and was not a dependable system for majority of people.
World War II helped to end the United State’s economic problems. Fundamentally, preparing for the war helped to end the U.S.’s financial troubles. In 2008, the United States almost experienced financial ruin again, as the economy was failing once again. Had it not been for the programs that lasted, the U.S. could have went into another depression. The government played a vital role in the economy, which helped to end the Depression.
On October 29th, 1929, the worst economic downfall to ever happen occurred. This date marks the beginning of a long twelve-year depression filled with suffering of many kinds for all types of classes of people. Ontop of suffering for classes of all kinds, there were many causes of this depression that ruined lives not only in the United States but worldwide as well. Because of the effects of this depression it caused the civilians and the government to react and be effected in numerous negative ways.
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%.
Everything was normal, people were happy with jobs and being able to provide a home and food for their families. Until things weren’t normal. The stock markets crashed on October 29, 1929. This was the beginning an economic downfall throughout the nation and most of the world. Many people had lost their jobs and were homeless.
The Great Depression was catastrophic. It was a critical time period in our history when our economy crashed. People lost their jobs, and families became homeless. Today, 564,708 people are homeless. Back then, two million people were homeless.
Roosevelt was the president after Hoover, he served from 1933 to 1945. He thought it was best to have the government take care of the people in this crisis with social programs. “ Instinctively we recognized a deeper need-the need to find through government the instrument of our united purpose.” Hoover's idea did not work he thought more people would try to help out however they did not.
President Roosevelt's idea of the three “R’s”(relief, recovery, and reform) did bring a significant impact to American society and it overturned the public’s thoughts about government intervention. Before the New Deal people preferred a free-market economic system and limited government ,but after they realized that government intervention was as important as freedom. Due to the New Deal, Americans believed that they had the strength to pass challenging situations. They did not loose hope as shown by President Roosevelt’s statement “The only thing we have to fear is fear itself.” ("Franklin D. Roosevelt)
Another failure of the New Deal was was that it didn 't end the Great Depression. According to the line graph, “Unemployment in the United States During the Great Depression and World War II,”by the U.S. Department of Commerce, states “American involvement in World War II began in 1941, but also in the chart it shows unemployment got better. The New Deal didn 't end the Great Depression, World War II is the event that ended the Great Depression. Since Americans were involved in the war and since many countries needed supplies our economy started to rise and unemployment decreased . Even though the New Deal helped the Depression it didn 't end the Great Depression America was going