Six Causes Of The Great Depression

According to Feason in his book, Kansas in the great depression, he said; “Price falls also had a destabilizing effect in the farm community. Farm income was suddenly reduced, and it became especially services for operators holding mortgages who feared the real burden of their debt dramatically increased. Farm closures and the desperate, even violent attempt to prevent them became increasingly common news”, (p.2). This statement is showing how difficult, it was for the farmers and other U.S. firms to export goods. And being that the farmers make up to 1/3 of the nation in the 1930’s, their decrease in export and lack of income had a big severe effect on the nation’s economy.

Also took away from the essential market from European and Latin American countries . Many people in these countries lost their jobs , as factories were not able to sell products to the United States , farmers raised their tariffs , and excluding American manufactured , farm products from the foreign market . Wilson Believed in low tariffs , had reduced to increase them and the demand was growing for higher tariffs . The nation Europe had have accumulated huge debts during World War One and borrowed massive amount of money from the United States to buy war goods .Around 1918 the total amount owed to the U.S. was 10 billion dollars . The United States lowered interest rate on loans .Europeans faced difficulties in repaying and the high tariffs in the U.S. prevented Europeans from earning the dollars they needed to pay off the loans

Before Jefferson entered the presidential office he was a states rights supporter and when the tax on whiskey was placed he opposed it, saying “The first error was to admit it by the Constitution.” (Doc A). He didn’t like the constitution because of the fact that it would make central government stronger. When the alien act was passed he was opposed to it and said that the central government should only have a set of specific purposes and the leftover purposes should be left to the states individually. (Doc B) Determining the amount of time it takes to be a citizen, and the ability to jail people opposing the government was too much power to Jefferson. When he came into office he realized the necessity for more central power and took more matters into his own hands, he had become a loose constructionist.

Instead, it is Germany’s Military reorganization because it reduced Germany’s military which made them feel weak and trapped which for a nationalism country, it is the worst to no longer feel the pride in your country the you used to. These four ways the Treaty of Versailles punished Germany after WWI helped the Treaty to be the cause of WWII. On that note I will leave you with, do you still believe one document couldn’t have helped to start World War

But it was true that his presidency was not very recognizable and it had a lot of backfire and different bad moments, the Great Depression had a lot to do with why Hoover’s presidency failed, the people had thought that since he couldn’t keep the stock market together that he would not be able to keep America together. Hoover getting undermined by Congress was definitely not what he thought was going to happen, thinking that he could just be able to rebuild America after the depression would have been easier if he and Congress had gotten along, in the end, Herbert Hoover was the thirty first president of the United States and had served this country and had made sure that it got administered America as though anyone would have if the stock market had happened to crash, it’s good to think back to Hoover’s humanitarian works because he did help out a lot of people in serious need, he did all of this but still having a complete income of millions of dollars working as a mining engineer, he was creative about his ideas and with that he created such things as the Hoover Dam,

Their job was to decide if any measure of the New Deal did not agree with the American Constitution so it could be denied. Since they were Republican, they had a natural resentment at the New Deal and found the NIRA and the AAA (Agricultural Adjustment Agency) unconstitutional. After his second election, Roosevelt made some bad, public decisions like trying to ‘pack the court’ by attempting to appoint six judges who would vote in his favour. Interestingly, the Supreme Court voted in favour of some policies of the New Deal like pensions in the Social Security Act. There was minor opposition from within the Democratic Party as well.

Economic imbalances resulting from World War I was the main cause for the Great Depression. Consumers were unable to buy all the goods produced causing manufacturers to close businesses. Closing businesses resulted in a rise of unemployment, however, President Franklin D. Roosevelt created the New Deal as an effort to alleviate poverty and unemployment. President Roosevelt believed that it was essential for the government to protect the less fortunate and improve society [1]. One of Roosevelt 's New Deal program, the Works Progress Administration (WPA), employed masses of people, saving them for poverty and despair.

You gave good pointers on your discussion post. The Great Depression was very much devastating than the 1920/21 depression even though it was horrible. The Great Depression lasted for some quiet time rather than 1920/21. Both events were put a hurt on the American economy and the government was not trusted by citizens and some political leaders. “Many economists who have studied the depression of 1920-21 have been unable to explain how the recovery could have been so swift and sweeping even though the federal government and the Federal Reserve refrained from employing any of the macroeconomic tools, public works spending, government deficits, inflationary monetary policy that conventional wisdom now recommends as the solution to economics slowdowns.”

In his town, Hershey built, homes, stores, churches, parks such at Hershey Park, a trolley, fire station, and The Milton School. The school was built in 1909, when Hershey was 52 years old. Him and his wife Catherine started this industrial school for orphaned boys. Hershey believed boys should know things such as farming, carpentry, mechanics, or others things they were interested in. When he built the school the boys worked hard and if they graduated they got $100 in new clothes and help finding a job.

They believed collectives would increase agricultural productivity in a large scale so they launched the Great Leap Forward, where a higher production target was aimed. The production increases, however, it didn’t meet the expectations. As a result grain outputs decrease and agricultural taxes are made immoderate, leading to poor harvest and then famine. Liu Shaoqi and Deng Xiaoping (another CCP leader) then takeover Mao’s responsibility as a leader where they manage to reduce grain procurement and soon the economy gradually recover. Seeing the recovery, Mao returns and undergoes his job as a leader again where he gets rid of Liu Shaoqi and Deng Xiaoping.

The most radical administration since Reconstruction (1866-1877) was that of Franklin D. Roosevelt and his New Deal (1933-1945) which aimed to get America out of its deepest economic depression. The New Deal intended to bring welfare relief to impoverished and destitute Americans, although the New Deal transformed the United States and the status of politics at the time – as it refined the role of the federal and state governments, black Americans did not always directly benefit from it as an anti-lynching law was never passed. President Roosevelt’s failure to pass anti-lynching legislation was mainly because of his inability to overcome his political fears. Lack of presidential support does not fully explain President Roosevelt’s failure to

This established a modern, more unified banking system under a mixture of private and government control. The Federal Reserve System would allow members of banks to demand their reserves to draw in greater security, and made the currency and bank credit more adjustable. This made farmers furious because it was more difficult to get loans and then made the shipping and selling of crops more expensive. They wanted the seed to be lower so the could buy more and spend the same and have a silver based currency instead of the gold based. The Populists called for government ownership of railroads, arguing that they were too critical to be left in private hands.

The late 1950’s through the early 1960’s saw much change in government policies in regard to segregation. We grew as a nation it was necessary to bring an end to legal segregation. 1952 brought us a new President in Eisenhower who succeeded President Truman. His leadership style of governing was generally moderate and he believed in less government involvement in people’s lives domestically. He resisted the expansion of the Federal Government’s power, and he was very standoffish when the Supreme Court ordered school segregation.

FDR was looking forward into the future of the economy of the United States with this new policy developed and also with the creation of the FDIC or Federal Deposit Insurance Corporation. The Federal Deposit Insurance Corporation was created in order to protect the money of the Americans in their certain choice of bank. One of the main and horrible effects of the Great Depression had on the American public was that all of the money that they had saved in back accounts were lost and couldn’t be replaced by the banks. A cruel way of loosing someones hard earnings and lifesavings. Which is why The FDIC (Federal Deposit Insurance Corporation), was created because what the FDIC did was that it protected the money of the customers if it was to ever get lost with a guarantee up to a quarter of a million.

New Deal used Government as an agent and started to intervene in the economic institution in order to recover from the failure. Roosevelt New Deal plan also helped businesses to recover from the Depression loss. Shlaes mentioned in 1934, “Business has recovered half its depression loss, only 30 percent of the Depression unemployed has been put to work” (Shlaes 262). Also, to help recovery from the Great Depression, the New Deal offered social insurance; “Social Security seemed a gift on a scale most American would never have expected a president to be able to offer” (Shlaes 255). The Great depression impacted the Americana government in a way that the government had to change, reform and became more cautious of economic situations.