Causes Of The Great Depression

The 1930’s was an era of harsh times for the American until they entered World War II. The stock market crash and dustbowl contributed to the start of the downfall of America for a period of time. Franklin D. Roosevelt and Herbert Hoover both

After World War 1, America had to demobilize and revert back to a peace time economy. During the 1920’s, it was viewed as a prosperous economy since there was a new labor force due to demobilization, new inventions, and a new infrastructure. Also moral spirits were high since America along with the Allied Powers defeated Germany and the Great War was finally over. However, America began making many economic policies and decisions that will eventually lead up to the Great Depression.

In 1929, the United States economy appears to be good and strong, at the moment; all Americans have some extra money or credit to buy some extra goods. The good economy was reflected in the Stock market, profits were big, more and more people invested in Stocks. In addition, farmers produced more wheat, cotton, corn, etc. and industries produced more goods that the needed to supply the country (over production), farmers’ and industries owners’ ambition make them produce more and more crops and goods. Americans using credit to buy goods they can’t pay, everyone investing all its savings on the stock market, overproduction on farm and industry area, plus America's new way of think, and other economic factors, make the economy of the country less strong, produce more unemployment and as result pushing the country into the Great Depression.

The Great Depression was a very influential era in American history, affecting many future generations. One of the most prevalent impacts it had on society was the extreme poverty that swept across the nation, affecting both people in cities and in the country. The main cause for this poverty was the mass loss of jobs among the middle class. Millions lost their jobs and consequently their homes. Families lived out of tents and cars in shanty towns or Hoovervilles. In these camps, many people didn’t have their basic human needs met, children and adults alike starved. They lived in clothes that were caked in dirt and tattered, too small for growing children and too cold for the frail elderly. Government relief programs attempted to help but offered little support to the now impoverished families of the millions that lost everything.

The stock market crash of 1929 sent the nation spiraling into a state of economic paralysis that became known as the Great Depression. As industries shrank and businesses collapsed or cut back, up to 25% of Americans were left unemployed. At the same time, the financial crisis destroyed the life savings of countless Americans (Modern American Poetry). Food, housing and other consumable goods were in short supply for most people (Zinn 282). This widespread state of poverty had serious social repercussions for the country.

The events of the 1930’s, or the Great Depression, did the most to influence contemporary America. During the twenties, America was at its most prosperous economic times until the stock market crashed in 1929. The stock market crash led to a dramatic decline of the U.S. economy. The decline in the economy changed Americans everyday lives. In 1932, Franklin D. Roosevelt was elected president and he created the New Deal to provide relief, recovery and reform. The Depression impacted America in the 1930’s in every aspect of life and still impacts America today. Although contemporary America was shaped by many events that occurred in the 20th century, America was most influenced by the 1930’s because of legislation that improved daily life

The Great Depression of the 1930’s was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.

Compare and contrast Hoover and Roosevelt’s actions in the aftermath of the Crash of 1929. How did both administrations attempt to deal with the economic stagnation, social hardship and psychological impact of the depression? What needed to be fixed and which approach proved more successful? In your essay you should address not only the underlying economic and social problems that both administrations had to deal with and the various corrective measures they adopted, but also the underlying philosophical approaches of Hoover and Roosevelt and their supporters.

What were the underlying causes of the depression? Why did the Great Depression of the 1930s seem so much worse than any occurring either before or since? Can you see any modern parallels to the Great Depression? Elaborate.

How the Great Depression Affected America After the Stock Market Crash of 1929, America fell into the Great Depression. The 1930’s were characterized by a completely broken business cycle. Unemployment soared, but besides their jobs, people lost their life savings, their material belongings, and in some cases, their dignity and will to live. Bread and soup lines became the norm, and eventually the chaos led a group of World War I veterans, dubbed the Bonus Army, to march on Washington. Thus the events of the Great Depression had a profound effect on American society and government.

Jordyn Edgell Smith AMH1020 17 November, 2017 Source Reading Assignment Six The great depression and World War Two became a huge collaboration which in two different positions were risking both american freedoms and terms of liberty. The great depression denounced the american way of living into a downsizing effect of liberty through economy and labor, while also affecting multiple groups of individuals. World war two revitalized the American nation’s previous wartime spirits and efforts, all the while proving to change the perception of freedom to the citizens that their freedoms should be protected to maintain a world order of peace.

Nothing about any of those mentioned above have a positive outcome. These aforementioned reasons are some of the effects of the Great Depression. This essay will be examining the economic and political impact that the Great Depression had on the United States. Economically, the essay will focus on unemployment and low wages and how this problem was corrected, but will also touch on legislation

The 1920s seemed to promise a future of a new and wonderful way of life for America and its citizens . Modern science, evolving cultural norms, industrialization, and even jazz music heralded exciting opportunities and a future that only pointed up toward a better life. However, cracks in the facade started to show, and beginning with the stock market crash of 1929 the wealth of the country, and with it the hopes and expectations of its people, began to slip away. The Great Depression left a quarter of the population unemployed and much of the rest destitute and uncertain of what the future held. Wealth vanished, people took their money out of banks, and plans were put on hold. The most significant way in which the Great Depression affected Americans’ everyday lives was through poverty because it tore relationships apart and damaged the spirit of society while unexpectedly bringing families together in unity.

This source is valuable because it provides a very balanced, objective account of the events surrounding the Great Depression including integrating quotes and rustic photos related to the topic. The only limitation is that while the authors talk about European history as a whole, they only talk about the Great Depression within 8 pages out of many. Also, as 3 different writers, we don’t know whose opinion is whose.

The Great Depression was a worldwide economic downturn or depression in 1930s. It is believed to have originated in the United Sates of America. In the United States, the causes of The Great Depression have however, remained debatable. Most Historians claim that the stock market crash of 1929 was the major cause of The Great Depression in the United States . on the other hand, Witcher and Horton (2013) claims that poor Monitory policies by the government in the 1920s and legislative restrictions of branch banking together with easy money which, in turn led to malinvestment were the main factors that contributed to the occurrence of The Great Depression . In simple terms, after the election of Warren G. Harding in 1920, his Republican Administration lowered taxes for businesses and reduced government involvement in businesses. These policies together with advancement in technology enabled businesses to boom which in turn increased production tremendously resulting in reduced prices of goods in the late 1920s. Additionally, the Monitory policy encouraged credit expansion when the Federal Reserve encouraged small banks to give large or more loans to farmers who were already no economically stable . To make matters worse, small banks failed since they held less money in hand because a good chunk of the money was in Federal Reserves .