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.
The stock market crashed and made the bank panic for money(Dewald 249). That is a problem because, they have no money to spend. The goods made the U.S.A. run
The economic impact of the war as is true in most if not all cases of war are that the spoils of war are the reward of the victors. The South was already in a weaker position in the industrial strength of its geographical coalition that it was amazing that they were as close to actually succeeding in their mission. They lacked the ability to replenish their troops with guns and ammunition and in many cases had to gather this gear from failed Confederate and Union soldiers. While in the north with a large population and a more sustained economy they were to accomplish the
because it was a drastic increase in spending, one that the Americans could not reciprocate with the selling of products so that they would not be in debt afterwards. So this is a negative affect because the war put the U.S. into debt which would affect everyone in the country in a negative way. The number of jobs for Americans increased during WW1 but once it all ended, and all the soldiers came back from the war, the number of jobs decreased and many people lost jobs because soldiers who had jobs before the war wanted them back. At the same time, people that filled the need for factories while the soldiers were gone still needed jobs, but there were no jobs for anyone. This phenomenon can be explained in Caitlin Sandman’s article on the effects of WW1 on America; it says, “As the war ended, and the soldiers started to return home, the industry production began to slow, and there was less need for workers in factories.
The Early 1930’s was a dismal time for America. The people were living in horrible conditions. There seemed like there was no hope for America any more. Three problems that caused or worsened the Great Depression were increased tariffs, low wages, and the Stock Market Crash.
The Korean War was relatively short; however, it caused a massive increase in the budget of the Department of Defense which is equivalent to 300 billion dollars in modern standards. This drastically increased budget caused economic strain and hardship on America once again, just five years after World War II. (Document G) The Korean War raised the prices of foods due to the need to supply for the soldiers3, further hurting the economy.
The Great Depression of the 1930s was a global event that derived in part from events in the United States and U.S. financial policies. As it lingered through the decade, it influenced U.S. foreign policies in such a way that the United States Government became even more isolationist. The economic situation created serious problems in America 's relations with Europe, and Japan launched a campaign of aggression in northeastern China. Hoover failed in his efforts to solve America 's economic troubles. He and most other Americans however would fail to understand the long-term importance of the forces gaining control in Germany and Japan.
In general economic terms, the 1950s was a comparatively stale and uneventful era, which helps to explain why the domestic economy did not experience any major difficulties or advances. There was some significant occurrences and trends that were important during the 1950s that were important then and as a contributor for future events. Even though the 1950s saw an uneventful era, the economy did see some gradual growth which led to the United States being at peak economic strength in the early 1960s (“1950s Economics,” n.d.).
Factories that used to produce consumer goods in the US eventually had to convert to producing military equipment to help support the war. Because of the factories converting what they were producing, it caused a decrease in shopping rates
The years of the 1930s were impactful for The United States forever. The Great Depression was the primary culprit of the change. During this time the economy hit an all time low and people were left with no, food, money, or hope. The decade impacted society in a negative way by leaving everybody poor. It both harmed and helped society when president Franklin Delano Roosevelt came into presidency.
This led to a domino effect and eventually the world was waging wars against each other. Becoming the first World War. But if I were there by time travel to stop the grenade attack the world war might not have been waged or even if it did it would have been fought differently leaving my hometown the U.S alone. But this would make a drastic problem for the U.S because of the economic crisis the country had built. The war brought the U.S out of the Great Depression so without the war the U.S would have economically failed.
According to the National Bureau of Economic Research, the United States’ economy had entered an economic boom when the war began, bringing it out of a recession and decreasing the national unemployment rate to a mere 1.4%. U.S. exports to Europe rose from $1.479 billion dollars in 1913 to $4.062 billion in 1917, with $2.25 billion in loans to the Allies as well. Were the Allies to lose the war, the United States had the possibility of falling back into a recession, since the vast majority of their trade was with
(706) And in the end, it was the devastating aftermath of the war that caused many nations to foster “notions of freedom and self-determination” as well as “visions for building a viable, modern society.” (705-706) As a result, the Great War had a tremendous influence in many economic and political world affairs. For example, there were economic repercussions that European countries and the United States had to address because of the cost and impact of the Great War.