Several factors brought about the Great Depression’s demise. President Franklin D. Roosevelt’s plan for the economy, the New Deal, was one of them. Franklin D. Roosevelt, or FDR, used monetary policy to create inflation. In other words, FDR used monetary policy to boost the economy. He did this through Executive Order 6102, in which Americans had to turn in all of their gold.
Large alliances formed, such as the triple entre (France, the UK, and Russia) and the central powers (Austria-Hungary, German Empire, and Italy) The alliances gave military support to each member, but would also drag all the countries in one alliance to war if war was only declared on one nation (http://europeanhistory.about.com/od/worldwar1/a/World-War-One-The-Major-Alliances.htm). During the July crisis, the Austria-Hungarian empire asked if Germany would help them in the war against Serbia. Germany replied back and said they’d give them full support. Austria started to mobilize their army against Serbia, and since Russia was allied with Serbia. They as well started to prepare their army, and soon all of Europe was at war.
Federal spending increased from $9.4 billion in 1939 to $95.2 billion in 1945, and the gross national product more than doubled in that time. Massive wartime spending ended the Great Depression. In the 1930s most economists believed that the economy would fix itself if the government did not interfere. English economist John Maynard Keynes, on the other hand, argued that deficit spending - government spending of borrowed money - should be used to get a depressed economy moving again. Deficit spending during World War II instantly turned the economy around.
As America evolves throughout the twentieth century, so does what people view as important, which adds on to what the American Dream means. The culture of the 1920s encouraged spending and materialism so people sought money, power, and expensive items to make them happy. In the Great Gatsby, Jay Gatsby, who is the epitome of the 1920s American Dream, saw that becoming rich and notable was the only way to get his Dream which was Daisy: “She only married you because I was poor and she was tired of waiting for me.”(Fitzgerald, ch 7) Furthermore, despite the fact that Tom was born with a silver spoon, he still felt he didn’t have the American Dream because Gatsby was more popular than him: “I know I’m not very popular. I don’t have big parties. I suppose you’ve got to
In this period, known as the Great Depression, unemployments rates hit record highs and the American people had low morale. Franklin D. Roosevelt was the president during these years and he was able to turn things around. Through a combination of his attitude of hope and new bills, he motivated America to make the changes necessary to escape this economic crisis. He created a series of programs called the New Deal from which everyone benefitted. These programs created jobs, overhauled the bank system, improved insurance, and allowed more uses of federal loans.
I think Hoover was a failed President of the US because he only made situations worse. I think Hoover had the most potential to become a great President of the US because he was involved with so many jobs around the President. From being trusted by Woodrow Wilson's to being Secretary of Commerce for Harding, Hoover was always involved with the government. Unfortunately, the Great Depression occured and he could not overcome the crisis. Hoover’s first victory was making it to become President of the USA.
He promised that the government would intervene in the economy to provide relief for the great depression, he proposed a ‘new deal’ that would give millions of Americans jobs and create a more stable US economy. “Roosevelt faced the greatest crisis in America since the Civil War.” (Franklin D. Roosevelt Biography). In the beginning of his presidency, he began to make good on his promises, he created many agencies and associations to help get the economy under control and to help lower the unemployment rate. As the economy was stabilizing and the unemployment rates and GDP were beginning to rise back up to normal levels, he fell under criticism for putting too much power in the government’s hands for controlling the economy. He was also accused of putting the nation into debt and not managing the national budget very well.
War broke out in 1914 due to forces that had been building up in Europe for years. While the Allies blamed Germany for the war too harshly, its actions certainly did directly contribute to World War I, as did those of Austria Hungary. However, each country involved fostered militarism in their country, and became in entrenched in the web of alliances and race for imperial power, all causes of the environment that led to the Great War. Therefore, it could be said that all European countries were responsible, in part, for World War I, as reflected in Documents 5, 6, and 7. Militarism, the glorification of the military, affected most of Europe at the turn of the twentieth century as demonstrated by Documents 1 and 7.
Kennedy says in his news conference," If this rise in the cost of steel is imitated by the rest of the industry, instead of rescinded, it would increase the cost of homes, autos, appliances, and most other items for every American family. It would increase the cost of machinery and tools to every American businessman and farmer. It would seriously handicap our efforts to prevent an inflationary spiral from eating up the pensions of our older citizens, and our new gains in purchasing power"(line 23-31) This shows that when the decline of the companies it will seriously handicap the American people due to the large increase in prices. This is also shown in, "And it would surely handicap our efforts to induce other industries and unions adopt responsible price and wage policies"(line 43-45) This shows that it would seriously hurt Americans. Kennedy says more about how the prices are going to have a devastating increase in price, which is going to lead to competition in foreign markets as people are not going to buy our products if they are more expensive than other countries, this is shown in "how more efficiency and better prices could be obtained, reducing prices in this industry in recognition of lower costs, their unusually good labor contract, their foreign competition and their increase in production and profits
In the article it says, “But otto von Bismarck the Chancellor of Prussia who led the unification of Germany was sandwiched between Russia and France.” The article talks about how Germany was landlocked by Russia and France. At the time Russia and France were enemy countries and because of that Germany needed to protect themselves, so they spent millions and millions of dollars on building an army and navy to protect themselves even without a war going on. This article is one way that shows that militarism is the main cause of World War 1, but another example is the speech of Bernhard von Bulow where he talks about how the Germans needed to build an army. Another example of how militarism was the main