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.
Finally, Herbert Hoover made the Hoover Dam in 1931, to control flooding and generate electricity in the area. The Stock market Crash was one of the causes of the Great Depression. One cause of the Stock Market Crash was the stock exchange. This led thousands of Americans to invest in stocks and lose money.Many Americans borrowed money from the bank to buy stocks. Most of the time, people who lost money were unable to pay the banks back their debt; which caused banks to fail.
Economic involvements had a bigger impact on the great depression. The great depression was a time of need for the Americans. Due to the supplies and accessories shipped out during the war, America was low on supplies, money and control, and president Herbert Hoover did very little in an attempt to overcome this problem. Men and women were driven into what were called Hoovervilles, which was a collection of teepee huts gathered together to make a community. Just as the people thought they had hit rock bottom, a switch of presidents helped make all the difference.
Thus, to a great extent, the great depression had affected Canada economically, socially as well as politically, as there was an economic job, population changed occurred, and new political parties were created. The economy of canada had been greatly affected by the great depression. In between
Hoover V. Roosevelt Starting in October of 1929, lasting a decade, The Great Depression striked. This was a global economic crisis that originated in the United States. This caused many Americans to lose their jobs, houses, and hope. The President of the United States hoped they could fix this crisis that was caused by greedy people and greedy banks. The two presidents that were in office throughout the Great Depression was President Herbert Hoover and President Franklin Roosevelt.
If they lost their job, and the unemployment rate was 25% by 1932 (Sinking Deeper and Deeper 1), there was no unemployment insurance. With unemployment that high, there was very little chance people would find another job. Many people kept their jobs by settling for lower wages, feeling that any money was better than none. Local governments had trouble paying their bills because so many people couldn’t pay their property taxes, this often meant schools were under-funded, under-staffed, or shut down completely (Social and Cultural Effects of the Depression 1). Unemployment got so bad that “Mexican Americans in California were offered free one-way trips back to Mexico to decrease job competition in the state” (Sinking Deeper and Deeper
When Roosevelt became president in 1901, he continued to strive for the rights of laborers. He was not purposefully bashing the wealthy; he only wanted to ensure happiness for as many people as possible. Roosevelt continued to have very strong progressive values until the progressive movement became unstable. Even though joining political groups was frowned upon,
Herbert Hoover served as president during 1929 to 1933. His idea to better help america in this time of need was to try to have people give more charity to others. “ My own conviction is strongly that if we break down this sense of responsibility, of individual generosity to individual”. However this idea did not get the economy back to normal.
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 Stock Market , the Speculative Boom and the way people invest in their money. So many people didn’t realize that it took time to get rich and make money, if most Americans invest in good common stocks and all the dividend to accumulate at the end of twenty years you will have up to $80,000. Overall the Great Depression had a positive and negative effect on the American people although it broke the confidence of the American people and deeply injured agricultural and financial services it also taught people to have better mindset the way they are handling