Dbq Great Depression

It aided to the problem America had when people lost their life’s savings because of an irresponsible choice their bank had made. The F.D.I.C insured savings accounts in banks approved by government. If one of those banks fails, the government would promise depositors that they would receive their money. Many other solutions similar to the F.D.I.C were created which was shown in document 6. But, some of the ones that solved the issue of unemployment were Federal Emergency Relief Administration (F.E.R.A), Civilian Conservation Corps (C.C.C), Works Progress Administration (W.P.A), Rural Electrification Administration (R.E.A), and the Tennessee Valley Authority (T.V.A). They all had different tactics at going towards the solution of the unemployment epidemic. For example, the Works Progress Administration would put the jobless to work by doing many things like building airports, playgrounds, parks, schools, and hospitals and also becoming photographers, artists, actors, writers, and composers. Another solution to one of the problems was “kitchens” being opened up by various individuals or groups. Many starving families would send out a member to bring the free food home from these kitchens. They would wait outside of the building in very long lines just to get a simple small meal, which was shown, in document 4. Although the problems weren’t completely gone, there were certainly numerous attempts at solving or reducing

The United States encountered many ordeals during the Great Depression (1929-1939). Poverty, unemployment and despair clouded the “American Dream” and intensified the urgency for solutions to address and control the nationwide damage. President Franklin Roosevelt proposed the New Deal to detoxify the nation of its suffering. It can be argued that the New Deal was ineffective due to the inability to end the Great Depression with its short-term solutions and created more problems, however; it was successful in regards to providing direct relief for the needy, economic recovery and some structural reform for the majority of the general public in the severity of the Great Depression.

This helped people survive the difficulties and tragedies that were happening before them and it made life a little bit easier than it already was. Before the New Deal people who didn’t have a job couldn’t make money, which then meant that they wouldn’t be able to provide food and other resources for their families. Now that people are being provided with jobs they are able to make money and were now able to provide and were able to begin reconstructing their lives. The more people who have jobs, the more people survive and the more our society grows in the right direction(Source G). This connects to the claim because without The New Deal then the unemployed wouldn’t have jobs. If The New Deal wasn’t created, then there would so many people on the streets dying of no food, no shelter, and other reasons. If this happened then our society would only decrease and it would soon enough hit rock

The majority of individuals trust that the stock exchange crash that happened on October 29, 1929 is the main source of the Great Depression. The stock market accident was not the sole reason for the Great Depression, but rather it acted to quicken the worldwide economic breakdown of which it was additionally a symptom. Numerous components prompted the Depression. One of which being bank failures, another the global downturn, and dry season conditions.

Many different arguments emerged from Roosevelt’s New Deal. Some people believed that FDR was against the idea of business, they had no hope for the economy, and thought that the United States would be in debt forever. In the letter to Senator Robert Wagner, the author explains the unemployment rates, and how the government hasn’t done anything to stabilize the economy. In fact, the author believes that communism is arising and everything clashed together will lead to a “disaster to all classes”. Meanwhile, Franklin Roosevelt was creating jobs to decrease unemployment rates, and he created the National Industrial Recovery Act, which proposed fair competition and collective bargaining for workers. The author of this letter is proven wrong because in fact, America did turn around, and FDR’s policies were ultimately extremely effective. The unemployment rate was brought up again in an NBC radio broadcast by John L. Lewis in 1936. This broadcast spoke about the “labor unrest”, the strikes that unemployment has provoked, and the major issue of huge corporations having the right of self-organization and collective bargaining. Once again, Franklin

The stock market crash, called Black Tuesday. Unequal distribution of wealth was a key factor during the time period as well. The day know as “Black Tuesday” was the day the stock market crashed. This led to the fall of stock prices, in fear, people sold their stocks and gathered the money they could. The people who didn’t, lost all of their stocks. Those who bought them on credit, they were now in debt. Investors lost a collective amount equal to the amount spent in WWI, that’s billions of dollars gone, approximately thirty-two billion dollars (32,000,000,000). As bad as the crash was, unequal distribution of wealth did not help. The rich saw an income increase of 70%, and the poor saw an increase of 9%. More than 70% of families earned less than $2500/year. Many of these families couldn't afford household products, such as the flood of overproduced goods. Only one out of ten families owned an electric refrigerator. One thing many people overlook when on the subject of the Great Depression is the president's influence on the situation. The two presidents during this time were Herbet Hoover and Franklin D. Roosevelt. Hoover was in office during the collapse of the economy, he didn’t believe in national relief, he believed in self-prevalence and self-help. His beliefs didn’t get the confidence of the people, in 1933, a fourth of working American’s were out of a job, that’s more than fifteen million people unemployed. Many people disliked Hoover, so when they needed to make a home out of paper, glass, tin, or whatever they could find, they named the towns constructed from these items “Hoovervilles”. They were found mostly on the outside of cities. Hoover's idea of self-reliance didn’t get him reelected, he lost to Franklin D. Roosevelt in 1933. Roosevelt brought forward a new strategy to take on the economic problems, it was called the New Deal. The New Deal was a series of actions him and his

In his presidential acceptance speech in 1932, Franklin D. Roosevelt addressed to the citizens of the United States, “I pledge you, I pledge myself, to a new deal for the American people.” The New Deal, beginning in 1933, was a series of federal programs designed to provide relief, recovery, and reform to the fragile nation. The U.S. had been both economically and psychologically buffeted by the Great Depression. Many citizens looked up to FDR and his New Deal for help. However, there is much skepticism and controversy on whether these work projects significantly abated the dangerously high employment rates and pulled the U.S. out of the Great Depression. The New Deal was a bad deal

As soon as Franklin Roosevelt came to power, he was quick to react to the countries needs. The text states, “Swift legislation regulated the stock market and the banking system, improved the agricultural economy, and introduced a social security program” (“Great Depression”). Franklin Roosevelt was swift in recognizing the problems facing the country and attempted to solve the issues. His legislation focused on securing the economy and beginning to built back up the trust between the government and the American people. It was successful, to an extent. People did begin to trust the government again but economic decline would not stop immediately. There were signs of progress; From 1933 to 1938 the economy experienced growth. Unemployment fell and national income increased (Jeffries). This statistic shows that New Deal reforms had some positive impact on the economy. They also succeeded in restoring confidence to the average person which was extremely important at the time. This statistic does not, however, reflect that this growth was very small relative to the growth experienced during World War II. New Deal policies failed to ever achieve enough economic growth to push the nation out of the depression. Another cornerstone of the New Deal was its campaign to make life more safe. The New Deal worked to make life less risky, and in a sense it did through acts

In 1929 the Stock Market crashed was said to have “ushered in” the Great Depression. After Wall Street and the Stock Market crash of 1929, the banks began to fail. By 1933 over half of the banks in the United States had failed and went out of business. The economy came to a full stop as businesses could no longer access credit lines to purchase inventory, checks were no longer accepted as currency due to the multitude of failing financial institutions which led to an unemployment rate reported to be as much as 30 percent of the available workforce. (“First measured century: Timeline,” n.d.)

The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

The American History provides a predicament between the actions and different point of views of President Herbert Hoover and Franklin D. Roosevelt (FDR),in the new deal to save the American people during the Great Depression of the 1930s. In David M. Kennedy essay “FDR: Advocate for the American People” describes the difference between these two presidents, and also explains how the New Deal proposed by President Roosevelt help to deal with the chaos that whats’ happening at the time. The President FDR played an important role in bring reforms, and changing the way of life for many Americans. The New Deal stressed recovery through planning and cooperation with business, but also tried to aid the unemployment and reform the economic system.

According to Aubrey Williams, the Assistant Works Progress Administrator and executive Director of the National Youth Administration, in March of 1933, unemployment was at an all time high in the US. She says, “the estimates had dropped to 12,000,000, and today most reliable sources place the number of jobless at 10,000,000” (Williams, 1935, para.13). This supports the argument that the New Deal was a success because the numbers show a great decrease in unemployment after FDR took office. This reduction in the amount of unemployed is progress for the United States because it means more people are getting off of government welfare and found a job with a secure

The New Deal was effective due to how it can get many people back onto their feet

In 1932, when Franklin Delano Roosevelt took office, the citizens of the United States had possessed sufficient time to realize that they could no longer be proud, but they must take anything they could get. Therefore, the programs set up by FDR’s New Deal program were perfect for the country at the time. These programs helped the people directly, providing relief, recovery, and reform. FDR based his plans on the philosophy of Keynesian economics, where the government spends money to make money. The government gave money and jobs to those in need, who in turn, had money to spend in the marketplace. The demand for products increased, and businesses were able to hire more workers and produce more products, as well as pay more money in taxes. FDR’s plans worked because they gave money not to those who would take advantage of the government, but to those who would use it in the way the government intended it to be used. During FDR’s first term in office alone, the unemployment rate dropped 4%. Because of FDR’s success in bringing the country out of the Depression, I give him an A.

Burton Folsom’s essay clearly portray that the New Deal did not help the country out of the Great Depression, instead it further extended the problems of depression. In this essay, Burton Folsom focused on Roosevelt’s bad policies, where he provided with extensive statistics after the New Deal was implemented. The New Deal policies started on March 4th, 1933, where Folsom provided with full analysis of unemployment rate and comparing it with the start of the New Deal. Folsom states, “In average unemployment for the whole year of 1939 would be higher than in 1931, the year before Roosevelt captured the presidency from Hoover” (255). He followed up this data with, “Fully 17.2% of Americans or 9,480,000 remained unemployed in 1939, up from 16.3%