The Destruction Of The Economy In The 1920's

At the time, there were not many things Canada could export. Wheat, pulp, and paper, fish, and minerals were the main exports of Canada. Before the Great Depression, there was a very high demand for these goods. During the depression, the global market was flooded with these goods and the value decreased as a result of little demand. When the 1930’s came around, there was little to no steady work to be found due to the poor economy.

The private economy was doing horrible during the war. What eventually happened was FDR died and the post war crash catapulted anti-progressive politicians into office. Much of the New Deal was repealed during the war to shore up production and even more so after the war. This left the economy open to grow and brought about the post-war boom of the

Reconstruction can be considered a large failure because of resentment in the South and it seems as if they felt like they were being punished for losing the war. 2. Growing businesses prospered in the 19th century due to improvements in technology and the surplus of work labor. The methods used to run these corporations were by the use of monopolies, which were divided into the robber barons and the captains of industry. The robber barons were negatively portrayed monopolists who were discerned to be hoarding their wealth.

Local governments then looked to borrow money but it became very costly and eventually impossible to do. The federal government didn 't do a whole lot until around 1931. Bills were passed by the federal government to provide grants and loans to states to attempt to help with unemployment. Lots of people were unable to get jobs and have an income requiring them to sell everything they owned just to get money to buy food. An attempt to fix this was proposed by Harvey D. Gibson.

Rather than helping the farmers which it was designed to do, it turned out to be the one of the nation 's highest protective tariff(TEXT PAGE 740) This served as a low blow to all international countries America was involved with. Not only did the tariff economically isolate America from the world, but it also created a financial chaos among America 's trading partners. It literally sent America and other nations into a deeper depression(DOCUMENT D). In addition to this, during the nineteen twenties, stock prices were rapidly increasing and because of this, “buying on margin” became very popular. This “buy now, pay later” form of credit worked well with a rising market, but not with a declining one(DOCUMENT B).

However, Americans were able to succeed because of their quick increase in population and economy. One of France’s financial problems came from the money they loaned America during the war. Arthur Young traveled throughout France and saw that “lands held by the nobility are taxed very little [and] lands held by commoners are taxed heavily” (Doc B). This comes back to the idea of inequality and how the government supported a class system in France that negativly affects the third estate. Because commoners’ land was taxed so much, they were unable to feed themselves.

Europe and America faced huge financial burdens from World War I which left Europe crippled and lead to the great depression which fueled World War II. These conditions forced America and the Soviet Union to work together, but as we know the Cold War changed the relationship.

Changing the way economy is setup can drastically affects the lives of its citizens. The changing in economy has hurt many of it’s working class people. Some people can 't find any jobs and they are struggling. The lack of job opportunities in the country is hurting those who are americans and immigrants that are homeless. The creation of political machines are taking over the jobs that the people need.

During this period lots of people had lost their jobs, poor families had nothing to eat and to live off, country 's banks had failed. People were living off what they government gave them which wasn 't much. Herbert Hoover was the President at that time and his response to what was happening wasn 't so good. He believed that the economy goes through a cycle and that the government should let things run their course and eventually things would improve. As result of this many people thought that he wasn 't doing anything to help the country pass through the great depression, but on his last year as president he started to get more involved and try to help those who were suffering.

During the Great Depression, farmers did not have the help of electrical equipment on the farm. They had to do everything by hand, which took longer periods of time and workers were tired out more easily. Electrical lights were also a great help because, instead of having dangerous lanterns that had an open flame, farmers could feel safer and wouldn’t have to worry about the dangers of lanterns. “Although most parts of the U.S. economy prospered during the 1920s, the decade proved to be a harsh, lean time for farmers.”(US History in Context). Since it was the most difficult time for farmers, it was even more difficult to live without farming tools, where they would not have to work as hard and would get more work

The new attitudes of the consumers were care free and forced people to spend all of their money and none into savings. This caused people to lose all their money and to do it extremely quickly. The unequal distribution of wealth caused the economy to depend of luxury taxes and when were not provided it collapsed. Agricultural problems created very many poor farmers and without farmers and it was difficult for food to be provided. Unemployment, which was the biggest cause, affected many people to be without a steady source of income.

Less income only fuel the civic problem with children not receiving health insurance, enough food, or even being abused because of the many struggles many adults face. This wealth gap has enlarged greatly over a few years because of companies finding ways into and adapting to outside markets. Most American owned companies no longer produce their productss in America, which results in less jobs for Americans only increasing the wealth gap. Companies move to outside sources for the sheer purpose of profit. These high profit companies are able to cheapen, and mass produce their products because of higher workers from less developed countries.

If consumers did not buy, then prices would fall, and industries would dismiss employees. It was all a chain reaction. Furthermore, another cause was the instability of the world economy. From the aftermath of World War 1, Germany struggled to pay reparations. They borrowed money from the United States.

Roosevelt. Ultimately, it was his adherence to “American Individualism” in dealing with the Great Depression that cost the Republicans their position of strength - a value that had once made them so strong. However, looking back, the Republicans had a political stronghold on the country from 1918-1932. Following the hardships of the immediate post World War I era, the United States embarked upon one of the most prosperous decades in history. Mass production, especially of the automobile, increased mobility and fostered new industries.