When The great depression struck it hit the economy and the people hard during the Great Depression, The Federal Government took a more active role in the economic, political, and social problems centering around the Great Depression and their new role also developed more effective answers than their past role in inactivity.Americans all over the world were listening to the radio and hearing the news of the crash of the stock market. The Great Depression was important to U.S history because it showed us the flaws in our financial system and now we are able to fix those errors.
At first,"Herbert Hoover had bad luck to be president when the great depression hit.”If he had failed the whole nation would blame him for their troubles. If he succeeded the whole nation would think he was the greatest president in U.S history.Unemployment reached to 6 million in the year 1930 construction was down 25 percent. “It was Hoover who started the programs to help the depression.”Chicago reported that 75 percent of the members of the community were unemployed.In 1931 there were 8 million people unemployed. People slept on the
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Roosevelt was the was the first and only president to serve 3 terms he would have been able to serve 4 terms but he died of Cerebral Hemorrhage when he was sixty three.”Fdr was on his second year governor of New York when he was elected 32nd president”.On Sunday, October 7,1941 when Japan bombed Hawaii, three ships sunk and one hundred fifty planes were destroyed.More than twenty-three hundred sailors and soldiers were killed.” “The next day President Roosevelt asked the congress for a formal declaration of war against the empire of Japan”.Fdr knew that the U.S couldn't fight, he decided to concentrate on defeating Germany.During March and June, on Fdr's first term, he made a program to help the nation called The New Deal. “.The New Deal was intended to help people get back on their feet and make the economy solvent
Although the 1920’s were booming and prosperous, the United States soon entered a prolonged economic depression. In October of 1929, prices in the stock market began an uneven downward slide (Document 2). As investors decided that the previous boom in the stock market was over, they sold more stock, thus causing the declination to increase even further. Many citizens of the United States were greatly affected by this. Families who had invested in stock lost most, if not all, or their life savings.
The Great Depression occurred after the stock market crash in 1929, but lasted for years after, until 1940. One reason the crash occurred was because banks were failing. Banks were lending out money to anyone even if those people did not have good credit. Another reason was that productivity of products were high, but the demand for those products decreased. Since people were not buying, companies were losing money, which led to lay-offs.
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.
Which on doc. 4 it shows how hard it was for people to get a job. Which it lasted for ten years just think to yourself how sad and hard it was for the families that didn’t had a job, that’s the reason why many men left their own families to go out and try to get a job for him and his family could move on but many didn’t had the chance to return with their families. Also many factories fire some of their workers because people weren’t buying their products because people didn’t had the money to purchase the items. So it was a very hard time for the families that had to live during the great
Herbert Hoover was the president when the Great Depression Dramatically hit in 1929,many people's jobs started to lower while hundreds of other employees were fired. Some business owners could not afford to pay their employees, and manage to keep the business running. People got fired, banks were going bankrupt. The banks were going bankrupt due to people started taking out their money since they were in dreadful need or the public thought the banks were trustless . When The Great Depression hit hundreds of people lost their jobs leaving them without rent to pay.
This shows how bad the businesses were doing during that time. It impacted people so much that it even impacted that way they lived. For example, parents would send their kids out on the streets to beg for food because there was limitation of food sources you could get. This situation also impacted the farmers on the country side. Like even though, the farmers could grow their own food, they had machinery and land mortgages that they couldn’t pay.
He admired his fifth cousin and elected president Theodore Roosevelt. He was elected as president of United States on March 4, 1933. He remains the only president to be elected four times in the United State history (Franklin D. Roosevelt). The political, economic, societal and wartime leadership of Franklin D. Roosevelt gave the United State spirit to fight the Great Depression and the World War II, which earned him the title of one of the most successful president of the History.
Bohler1 “The only thing we have to fear is fear itself.” Franklin D. Roosevelt said this to the American people during the Great Depression. On October 29, 1929, also known as Black Tuesday, the stock market crashed. This making the economic slump the most severe in the twentieth century.
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 Great Depression was caused by various flaws in the economy, but was eventually ameliorated by Franklin D. Roosevelt and the government taking action in multiple programs and other solutions that are still around today. The United States had switched to a consumer economy; therefore, there was a drastic increase in buying. People bought consumer goods, such as makeup, refrigerators, etc. Consequently, the United States had a secure economy, in addition to the strong stock market due to people buying shares in stocks within companies, as well as banks and other corporations investing in them. The U.S. government was allowing this to occur because Calvin Coolidge, the previous president before President Herbert Hoover, was pro-laissez faire
Herbert Hoover had been criticized by the people because of his lack of help to the homeless and failing in bringing the economy back on its feet (Hayes). Hoover had come up with the Presidents Organization for Unemployment Relief (POUR) that was supposed to encourage other people to share their food, nevertheless the amount of people needing food was greater than there were of people to be able to give food (Hayes). Hoover had declined to let the government help because he believed that it would go into debt, but had used public funds to pay for the food for farmer’ livestock yet not the population. After the people had started to believe that Herbert Hoover didn't want to help and had been rejected These people work their hardest to pull through the Great Depression with themselves and the people they love, however even when it had concluded the emotional effects and trauma from will impact their lives from then on. Many people had tried their best at living in the Great Depression.
Impact of the Great Depression The Forgotten Man: A New History of the Great Depression, written by Amity Shlaes, gives a lengthy detail of the Great Depression. According to her viewpoint the government handled the situation of the economic crisis very poorly, which led to the Great Depression lasting longer than it suppose to. In this book, Shlaes wrote about observed action taken by Calvin Coolidge, Herbert Hoover and Franklin D. Roosevelt. She gave a detail of the years from 1927 to 1940 and in the beginning of every chapter she mentioned the unemployment rate and the average of Dew Jones Industry.
Kostandin Valle Mr. Zoellner English Language Arts II 26 August 2015 The Devastating Effects of the Great Depression Throughout life, many people go through some type of devastating or traumatic event that can change their lives forever. For the American people of the early to mid 1930’s, the Great Depression was one of these events. The Great Depression caused a major impact on all of America and affected the economy, the government, as well as the personal life of many Americans.
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.
The New Deal was an economic plan developed by Franklin D. Roosevelt that was geared towards pulling America out of the Great Depression. Although it did not achieve its main goal, it brought the nation in the right direction so that it finally ended in 1943 when unemployment rates reached pre-depression rates. FDR focused on the “3 R’s”, relief reform, and recovery. Relief was meant for the unemployed and poor, recovery of the economy, and the reform of the financial issues to further prevent another depression.