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Stormy Chapter Summaries

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The documentary, “The Century: America’s Time – 1929-1936: Stormy” depicts the stock market crash which occurred in 1929. This stock market crash is known as The Great Depression. This time period resulted in most detrimental crash in economic stability in the history of America. For a decade, The Great Depression caused strife throughout the country; resulting in, poverty, hunger, and much more. The documentary covers the impacts of the Great Depression and events; for instance, the Dust Bowl, Bonus Army March, and President Roosevelt’s New Deal.
The Great Depression occurred when the stock market crashed, obliterating millions of investors in 1929 and lasted until 1936. The American population spent savings on buying into stocks. Moreover, stocks were being sold at prices much higher than their actual value; thus, leaving stocks worthless and millions broke …show more content…

Banks were then supposed to use those loans to loan to business. The businesses could then hire employees to help relieve unemployment. In 1932, Franklin D. Roosevelt was elected as the President of the United States on the platform of his “New Deal”. To begin to the road to economic recovery, FDR held a “bank-holiday” within his first “100 days”, to allow Congress to pass new legislation. In addition, FDR used “fireside chats” on the radio to regain public confidence in the country. During his second “100 days”, FDR used work programs to rebuild the economy by employing citizens. The FDR administration was able to write and pass legislation, which helped secure jobs, agricultural and industrial production. FDR created the Federal Deposit Insurance Corporation (FDIC) in order to help protect the accounts of depositors’. Additionally, he formed the Securities and Exchange Commission (SEC) as a means to regulate the stock market and make the forms of abuse that led to The Great Depression,

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