Due to the common occurrence of recessions, americans now spend wisely and think about the future for their families (document f) .Unfortunately some baby boomers and caregivers worry about retirement because of the recession's impact on the economy(document e). Banks have now become stable and require a rigorous program on mortgage so they will avoid another downfall. The Great Recession could have been easily been avoided if the government had maintained and organized the economy more efficiently. Such as setting standards for banks and protecting consumers beforehand . If the banks were ordered by the government early on to have rigorous requirements, there would have not been a such immense economic
Poverty in 1920’s America was defined by making less than a certain amount of money each year, which was determined by the government (BBC). The masses were indifferent to the amount of people impoverished, proving the mindset of false prosperity. The preconceived notions that the U.S. economy would be unimpaired were soon disproved by the Great Depression. People who were impoverished were getting loans, and buying luxury items (Facts). This lifestyle of believing in the false prosperity and not realizing the problems during the 1920’s of America caused people to suffer more.
As these numbers grow, unemployment rates do as well. The writer, Micheal Tanner, states that "the welfare state is us", which is an opposing view from what American's of the past envisioned. Americans on welfare are being enabled to grow dependent on their monthly government checks. This is not culture that Americans originated from, just as the Native American culture is much different than it's roots. Through out all the articles, negative effects of the decline in different cultures is presented.
The NIRA was put into action in 1933 and was a US labor law and consumer law passed by Congress to authorize the President to regulate the industry for fair wages and prices that would stimulate economic recovery. It was taken out because at the time of the Dust Bowl there was also the Great Depression and no one even including the government had enough money so they could not keep up with the fair prices and wages. A couple of years later in 1937, a 3rd wave of the New Deal rolled along because FDR was concerned about the budget deficits (The Balance). As a result, the last wave did not do as well as the other two waves. Despite the effects of the New Deal would take time (US History).
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. Half of the banks had closed their doors, more than twenty percent of the US population was unemployed, and the economy was lacking regulation.
Meanwhile in America, there was a debate whether Washington would accept colonialism. In the 1970s most Americans rejected colonialism. But now, the people having non-colonial ideology had become aged and the new generation, like Roosevelt, were keen to be imperialist. The economic condition in America made this change. Lower sales of products had created economic depression which led lower salaries and endangered the life of middle class families.
In result of the great depression, president Herbert Hoover fabricated the theory of “rugged individualism”, which is the idea that people succeed through their own efforts. During Hoover’s presidency he rejected the proposal of government action and relied on private charities and the local government to help feed and clothe those in need, he also did not want the government to create new jobs because that would increase government spending. Furthermore, congress passed the Hawley-smooth tariff which raised the average tariff rate to the highest it has ever been in American history. Moreover, the tariff aimed to protect American manufactures from foreign competition, however it also damaged American sales, this resulted in imports to cost
With economic disasters like the Great Depression comes a lot of unemployment and poverty. People like Herbert Hoover wants the economy to bounce back on its own. For these types of plans Roosevelt said, “I have no sympathy with the professional economists who insist that things must run their course and that human agencies can have no influence on economic ills (July 24, 1933: Fireside Chat 3: On the National Recovery Administration). Meanwhile, before the economy will bounce back families like the Beuscher family will struggle to be able to afford anything while they are unemployed. People will have to survive with whatever little money they could come up with.
A family living at a poverty state, struggles just to stay at float and can never seem to move up the income bracket. In an analysis by reflectionsyale.org author Leslie G. Woods, a study from YALE divinity school states, “ Since 1979, the rate of increase for the bottom 90 percent has slowed… By contrast, the top ten percents dramatic rate of increase has handed them disportionately large share of the overall growth of the economy.” Some might argue that the gap is due to people not getting an education to boost them up the economic bracket. We can all agree that even with a degree, inequality still thrives in the workplace and women are the example of this. Women are treated differently in the workplace just due to them being female. From the way they are spoken to, to the money they earn.
Welfare dependency was a social problem that start from 1997. After 1997, the CSSA cases are increasing in the few year. In 1998, Leung Kin Pong who is the social welfare department president at that time said “only lazy people would live on CSSA.” This quotations let the people who need to pay for tax and the people who get CSSA feel angry and have some conflict from in the society. Poverty, lower class and unemployment think can’t maintain their life so they need to get CSSA but they think government should not think they are the lazy people and the people who need to pay tax think the lazy people wasted their money for maintain a group of lazy people’s life. Also, we can see there are some description of “avoid people over relied or depended on the CSSA from the Social Welfare Department’s