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Great Depression Essay

464 Words2 Pages

Before the Great Depression, were the Roaring Twenties. This era was once described as glamorous and carefree. Many people bought things on credit, which led to overspending and debt. Many companies made appliances that applied and would shorten time on household chores. This led to the economy slowly going downhill; this is also known as the Great Depression. The Great Depression was when the economy was down and banks had to close down. President Franklin D. Roosevelt created the “New Deal'', in which the government would create many programs to help the population. In my opinion, I think the effectiveness of the Government's response to the Great Depression was successful. They provided relief for the population and created new programs …show more content…

An example would be the Civilian Conservation Corps (CCC). This program gave jobs to unemployed young men between the ages of eighteen and twenty-five. They would build roads, parks, and work on the Soil Erosion Project; this program also paid the young men’s families small monthly payments. Another example would be the Public Works Administration (PWA); this government program hired two million unemployed people to build airports, schools, hospitals, and parks. The PWA funded over thirty-four thousand projects, such as electricity-generating dams and built over one third of the hospitals and schools. At the same time, the government also reformed the economy by creating new programs that would help the economy out of the depression. An example would be the Securities and Exchange Commission's (SEC). This government program was created to regulate the stock market and prevent another crash. They required financial disclosure by corporations to protect investors from fraud. Another example would be the Tennessee Valley Authority (TVA). This program was created to bring electricity to the southern states. They built hydroelectric power plants that issued cheap electricity and

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