The textbook says, “The Agricultural Adjustment Act (AAA) sought to raise crop prices by lowering production, which the government achieved by paying farmers to leave a certain amount of every acre of land unseeded.” This is important because there was a great demand for crops in European countries during World War II. After the war, the demand for crops plummeted and farmers continued to increase their production of crops in hopes of earning more money, which caused prices to drop 40%. This caused farmers to lose their lands when they could not pay their mortgages and loans. By creating the AAA, the farm prices increased and farmers earned more money. The third program that helped reformed the foundations of the economy was the Civilian Conservation Corps.
The 19th century was a period of widespread social, economical and political problems in the United States, from the 1890s to the 1920s in need of reform. Both parties were created by the people’s dissatisfaction with the government and its ability to appeal to the majority. The Populist movement was founded my farmers, laborers and middle class civilians that wanted government regulation in the economy, more authority in the government, educating immigrants, to prevent government corruption and high positions to be based on experience. The Progressive movement was caused corruption in politics, political machines, rapid urbanization and discrimination and equality. The Progressive movement was based on the idea that the government should have a more active role in solving economic ills.
During Westward Expansion farmers fell victims to the low pricing of the crops. Most farmers struggled to make a living due to key issues. There was often a high tax on railroads which had cut a large profit from the farmers. The farmers had no other option other than the railroad since the farmers were often very far off westward in the Great Plains, while the market with a large population was still in eastern cities like New York. Likewise farmers had to pay a middle man in the East to sell their commodities in the East, because the poor farmers were unable to travel all the way to the East to sell their products then come back to start farming for the next year.
The Panic of 1837 was a financial crisis, or market correction, driven by tentative fever. Inflation became uncontrolled after federal deposits to the Second Bank of the United States were withdrawn, based on the assumption that the government was selling land for state bank notes of questionable value. The Panic of 1837 involved Andrew Jackson administration issuing the Specie Circular, declaring that it would accept only gold and silver as payment for public land. Prices fell about 25 percent and many businesses began to fail and farmers were unable to pay their mortgages because of their decline in income and because they were losing their jobs. Martin Van Buren, who became president in March 1837, was largely blamed for the panic.
For example, it made Germany to hand over 70,000 square kilometers of their lands to the allies. Also Germany had to pay 6,600 million dollars to the Allies. In addition, Germany had to reduce their army, so they couldn’t ready for the next battle. Because of those terms of the Treaty of Versailles Germany hated it a lot. After Germany signed the Treaty of Versailles nations of Germany had live miserable lives, because high inflation happened in Germany.
However, Russia had many great famines and the weather also undoubtedly made it difficult to farm. Russia finally started to industrialize in 1928 once Stalin implemented his five year plans. He increased food production by forcing peasants into collectivization. This allowed some people to move to cities and work on producing machinery, steel, and oil. The massive industrialization and progress of Russia was even underestimated by Hitler during the Second World
During the “Dirty Thirties,” the Dust Bowl took place and affected farmers across the Midwest, resulting in less money and the collapse of business; however, the president enacted the New Deal which solved a lot of the problems. The market crash caused businesses to close and as a result, people wanted to work for any wage. The 1929 market crash caused the Great Depression and closed factories (Worster 5). When
The Great Crash generally refers to the stock market crash (in America - Wall Street) on 29 October, 1929. It started on Thursday, 23 October when just before the 3:00 pm bell rang, the stock prices instantly fell. For the following week stocks fell lower and faster and changed hands so fast, the machines that kept track of these stocks seemed unable to cope up with the activity. All along while President Herbert Hoover reassured the people of America that the nation was “on a sound and prosperous basis”, more panic spread and because the uncertainty and risk was rising, people wanted their money back. In all this frenzy the United States Securities Regulation agencies could have shut down the market but they feared that would only spread more fear and could have led to a violent display of the emotions of the public.
However, even Western countries are gradually losing their middle class. As a result there has been an increased number of riots and clashes. For society, poverty is a very dangerous factor that can destabilize an entire country. The Arab Spring is a great example of how revolts can start because of few job opportunities and high poverty levels. WHAT ARE CAUSES OF POVERTY?
For my research topic for this class, I chose to look into the Panic of 1873 and its effects at the state level, particularly as associated with the railroads. As a major factor in the panic was the drop off after the post-civil war railroad boom, in which there was heavy investment, but little returns, causing several banks to fail, among the factors leading to the national crisis. However, how did the railroads affect the state of Wisconsin during the crisis? This is the question at the heart of my research project and it seems that the railroads were a highly contested issue at the time, even being called the Wisconsin Railroad wars. The first few sources that I have found seem to answer confirm this.
The Panic of 1893 was due to the railroads which then lead to banks failing and citizens losing their money. It was also a time of high unemployment rates and depression. It was significant because the economy was failing and people were starting to worry. It also relates to the Devil in the White City because the fair opened in 1893 and it was not getting enough attendees due to the country’s financial downfall and the decrease of money in households. Frederick Jackson Turner: Frederick Turner was born in 1861 and died in 1932.
However, without a proper regulation and restriction of issuing out bills put a downfall in the economy, unbalance system that cause the Panic of 1837 (Foner 366). This resulted out of control inflation where paper money downgrade the value of its worth. Failed to pay close attention and monitor the spending resulted in a semi depression.
The Populist Party grew out the agrarian revolt that rose because of the collapse of agriculture prices following the Panic of 1873. The Farmers Alliance was ultimately unable to achieve its wider economic goals of collective economic action against brokers, railroads, merchants, and many other movements that agitated for changes in national policy. The preamble was written by Minnesota lawyer, farmer, politician, and novelist Ignatius Donnelly. Delegates embraced the platform with great enthusiasms, and many of the specific proposals urged by the Omaha Platform. What the populist wanted as stated in the Omaha Platform included Coinage of silver to gold at a ratio 16 to 1, Federal loans to farmers, Graduated income tax, Postal savings banks