The Great depression affected many Americans and their lives. All of the jobs were shut down due to money shortages. If that business doesn’t get money then the people who was working that business doesn’t get money either. So many other things caused the great depression.
A lot of people lost their jobs because of money shortages. In passage 1 it states” the closing of Old Wild Side Mine meant the end of anything resembling a steady job for the next eight years.” All of the steady jobs ended for a great amount of years. The Old West Side Mine was keeping the money flowing to jobs and keeping jobs alive. Without jobs people couldn’t get money. That means they can’t buy food or water. People were running out of supplies. Loans were one of the only ways to get money.
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He promised a New Deal for the American people. The American people weren’t supporting the government and their decisions. Mr. Roosevelt helped with the New Deal that he promised. In passage 3 it states” his first act as president was to declare a four-day bank holiday’ during which time Congress drafted the Emergency Banking Bill of 1933, which stabilized the banking system and restored the public’s faith in the banking industry by putting the federal government behind it.” Mr. Roosevelt definitely restored faith in the American people. Mr. Roosevelt created work by having men from ages 17 to 23 work on things such as digging ditches, building reservoirs, and planting trees.Roosevelt created a program called The Works Progress Administration. This program employment 8.5 million people to build things like bridges, roads, public buildings, parks and airports. Roosevelt fixed the unemployment. He didn’t end the Great depression though.
The Great Depression affected many Americans and their lives. Jobs were shut down and people were starving and thirsty. Many things caused the Great Depression. Mr. Roosevelt boosted things in the Great
An increasing stock Market was a symbol of a dynamic economy but the market continued fall was overwhelming. It affected the government and economy of the nation. Although stock market crash was not really the cause of the great depression, rather it played a major role during the great depression. The cause of the great depression is believed to be Credit Crisis, over production, and a poor distribution of wealth, and Decrease in Export. During this period Herbert Hoover was
The Great Depression was a hard time for the United States. The Great Depression was a huge plunge in the economy. There were many factors that contributed to the Great Depression. The stock market crash was one of the biggest factors in the cause of the Great Depression. Banks started to also crash losing peoples savings and making people panic.
The Great Depression had several unfortunate impacts on the U.S and it’s citizens. 80% of Americans had no savings(Source A), 28 states had no banks(Source A), 200,000 children were left to roam the country alone(Source A), 1,000 homes were repossessed every day (Source A) These are just few of the tragedies the U.S had to face, due to the Great Depression. The Great Depression damaged our economy, and our lives. The New Deal was successful, because it improved unemployment rates, and it helped farmers.
He stuck on the idea of rugged individualism (see if we can add a quote from Hoover) and convinced people that the depression happened because they did not work
According to Shleas, the Great Depression had major impacts on America life, American values and American Government. First of all, the Great
In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.
In what ways did the Great Depression affect the American people? After a decade of economic prosperity, what seemed like an era that defined the concept of the American dream, quickly came to an end when the stock market on Wall Street collapsed in 1929. The aftermath of the events that occurred on Wall Street would put its heavy mark on the years to follow among the citizens of the United States. Banks closed down, unemployment rose and homelessness increased. It was a widespread national catastrophe that had its impacts on both poor and rich.
The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.
Franklin Roosevelt was a very influential and important president in American history who had an immense impact on the American economy and social policy during the 1930’s and 40’s and throughout the future of America, he also shared some ideas with the author John Steinbeck. He idolized Theodore Roosevelt, and took great inspiration from him. He has served as president for longer than any other president in history, serving for three terms instead of the usual two that is generally accepted as the maximum amount of time that a president can serve. He drove America out of the great depression and through the second world war.
During the Great Depression the unemployment rate went up, they were forced to eat at soup kitchens or go through garbage cans for food, and they even had to build shelter out of cardboard. The first underlying cause of the Great Depression was underconsumption and overproduction. Many things contributed to the underconsumption of goods. The production line kept producing goods even when people could not afford to buy them.
There were a variety of causes that caused the Great Depression, but the main cause that started it was a decrease in spending. This led to production decrease because manufacturers and merchandisers did not want to have unused items just sitting on the shelves. In October of 1929 the stock market crashed. The United States stock prices had reached levels that could not be justified by sensible predictions of future earnings. The results of this were catastrophic.
To begin, the Great Depression took a great toll on the typical American man. Many got fired from their jobs causing unemployment. It was almost impossible to get another job so they were stuck living with no money at all. Not having money caused most men to struggle with bills. Because they couldn’t pay bills they went into debt.
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 Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.
Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.