The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s.The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.When the stock market underwent rapid expansion, the production had been declined and unemployment had risen, leaving the stock prices higher
The Great Depression was catastrophic. It was a critical time period in our history when our economy crashed. People lost their jobs, and families became homeless. Back then, two million people were homeless(Timeline). Today, 564,708 people are homeless(Social Solutions).
One of Roosevelt 's New Deal program, the Works Progress Administration (WPA), employed masses of people, saving them for poverty and despair. Those who were employed completed many of the public works during the 1930s and 40s. Under the WPA, the Federal Art Project (FAP) was created to provide work for artists as well as bringing their work to the community, allowing some Americans to see an original piece of artwork for the first time . More than 100,000 paintings and murals were created through the FAP. Some of the greatest artists who created masterpieces were employed by the Project.
This downfall began on October 29, 1929, and the leading cause was the crash of the stock market. Those who put their money into stocks lost almost everything, including the Braddock family. In the movie Cinderella Man, James Braddock and his family show the struggle of life during the great depression. James, with no work available, struggled to win fights in boxing, in order to put food on the table for his family. Overall, Cinderella Man depicted many of the different aspects of the depression, and can provide a good explanation of what it was like for many families during that time.
With a strong mandate, FDR moved quickly during the first hundred days of his administration to address the problems created by the Great Depression. Under his leadership, Congress passed a series of landmark bills that created a more active role for the federal government in the economy and in people�s lives. During the first hundred days of his administration, Congress passed the Emergency Banking Relief Act, which stabilized the nation�s ailing banks and reassured depositors, created the Federal Emergency Relief Administration (FERA), the National Recovery Administration (NRA), the Agricultural Adjustment Administration (AAA), and the Tennessee Valley Authority (TVA). Believing that work programs were better than relief, FDR secured passage
Adolf Hitler rose to power by taking advantage of the World Wars, and the Great Depression. On Tuesday, October 29, 1929, the stock market crashed. The Germans were in a war debt of $33,000,000,000. It says in the article The Aftermath of WW1 Leading to the Great Depression, that they printed an abundance of money, but this led to severe inflation. According to the text of the article, The Rise of Adolf Hitler, “German workers were laid off.
Many laborers working under these company suffered due to the reduction of “the price of every labor connected with trade” (Doc 3). While these companies became wealthier, workers became poorer. For example, the laborers working in the Ohio railroad company barred train’s passage to rebel against their third pay cut. All forms of strikes and boycott emerged in the nation since no minimum wage was set. The workers risked their jobs to
In all this frenzy the United States Securities Regulation agencies could have shut down the market but they feared that would only spread more fear and could have led to a violent display of the emotions of the public. Finally came Black Tuesday (29 October, 1929) by when the markets had most certainly crashed and around $25 billion ( $319 billion in today's dollars) and 15,000 miles of ticker tape paper had been lost. Stocks continued to fall till 13 November, 1929. The depression had set in by then and had already started spreading in great intensity to the rest of the
On one of the most devastating days in economic history, the stock market crashed with the value of the dollar being useless. Many families were left without any warning, losing any of their savings placed in stocks. People started to worry, rushing to the banks to withdraw quickly whatever money they had left to make sure they didn 't lose anything else. Banks were closing faster than people could get to them, leaving people with nothing. The people who did grasp their money spent less on items that they needed because prices skyrocketed, which in return got people getting laid off from their jobs, worsening the economy and losing even more money.
However, In 1929, the stock market crashed and uprooted many investors. Unemployment was high, and the number of families struggling to get food on the table was baffling. Many families had to send kids away so they could live a better life. It wasn’t until World War II when the economy improved, which was ten years later. In the movie Seabiscuit, Mr. Howard, a car designer, loses his son ironically in a tragic car accident, which fuels his divorce with his wife.