Families During The Great Depression

Such an event caused many problems in the country. The first problem had been that when banks lost tons of money due to the stock market crash, they also lost the life’s savings of so many hard

with no roof over their heads. This along with everything else, took a tremendous, emotional toll on society. Some even saw no other options than ending their lives. The Great Depression had an emotion drenching and ground breaking effect on the generation to go through it.

Taking photographs may seem simple, but being a photographer is more than browsing through the viewfinder and pushing the exposure button. A photographer needs to know how to analyze the scene, speak in words that language cannot, and reach to the souls of people through a picture. During the Great Depression, many photographers captured the scenes of poverty and grief. However, there was only one photographer that truly captured the souls of Americans. According to Roy Stryker, Dorothea Lange "had the most sensitivity and the most rapport with people" (Stryker and Wood 41). Dorothea Lange was a phenomenal photographer that seized the hearts of people during the 1930s and beyond, and greatly affected the times of the Great Depression.

Faced with this economic decline, came other factors that included unemployment and lack of confidence in banks (Church 100). Restoring faith in banks across the United States was one goal for FDR. As depositors lost confidence in the national bank, over $1,000,000,000 was taken out in cash and hoarded (Boardman 64). The Emergency Banking Act closed all banks for four straight days, and put them under inspection by the national government (Schraff 52). Banks were put under meticulous scrutiny by the Treasury Department. The U.S. government demanded that all hoarded gold be returned and all of the $1,000,000,000 was deposited (Boardman 65). Banks were allowed to open only under a strict system of licensing (Schraff 52). Another banking program was The Federal Deposit Insurance Corporation, or FDIC, which was created by Congress to guarantee deposits up to $5000 (Gupta). In the case

In the memoir “Growing Up” by Russell Baker, he explains what his life was like growing up with a single mother living in rural Virginia during the Great Depression. He describes the struggle to find a job and his mother’s constant urge for him to make something of himself.

The First Security Bank (FSB) of Malta, Montana fall victim to a crime of credit card fraud, money laundering, and embezzlement. The crime stared a small city in Montano with a couple thousand, who was startled from the crime. The vice president of operation of the bank was a pillar of the community and the suspect of the bank’s crime. The scheme was committed over a long period of time. This crime weakens the foundation of the bank and possible may run it out of business. The committee was in a frenzy with the bank and the suspect about spending the community’s money. The shareholders gave the president “30 days to clean up the bank or pawn the bank off to another financial institution.” (Volz p.1) However, the bank pulls through the crisis and gains more customer as the business begins the recover period.

The limitations in education meant pursuing high-skilled careers such as teachers, lawyers or doctors, required migration. According to this article, no one was “immune” to the hardships brought upon by the Great Depression. The word immune in this context in a sense compares the Great Depression to a virus or disease that eliminates all in its path with no one possessing an immunity. Education is usually the key to escaping poverty and provides hope for the future. Seeing that even education could not provide a sense of economic security demonstrates how truly desperate times were during the Great

Historians argue what caused the Great Depression, some say it was due to the stock market, others say it may be the war debt or overproduction. To believe the Great Depression was caused by only one event is naive. It was caused by a multitude of problems that the government failed to fix.

Not because they believed in their cause but it was a way to save their financial wealth.

issue. These people went into debt, some cases more severe than others, and affected the lives

Many people lost as much as ten times their initial investment, which shook consumer confidence. In an effort to cover their margins, people rushed the banks in masses, demanding their money. Soon, banks began to run out of cash and went bust.

The Great Depression was the worst economic crisis in U.S History. The great depression had horrible economic and social effects. When the Great Depression began, the United States was the only industrialized country in the world without some form of unemployment insurance or social security. In 1935, Congress passed the Social Security Act, which for the first time provided Americans with unemployment, disability and pensions for old age. The economic impact hurt many Americans.

Her most well know piece Migrant Mother which was of Florence Owens Thompson. The photograph shows a worn out mother with her two children's heads in her shoulders, and a baby in her lap.

Background For the purpose of this article one must know the following references being defined by The American Oxford Dictionary. A Nuclear Family is defined by as “A couple and their dependent children, regarded as a basic social unit. ”(The American Oxford Dictionary). A Stepfamily is considered as “a family that is formed on the remarriage of a divorced or widowed person and that includes a child or children.” (The American Oxford Dictionary) .

Market crashes are nearly as old as the invention of money itself. But, as Gillian Tett underlines in Fool’s Gold, “the latest financial crisis stands out due to its sheer size”. Economists estimate total losses could sum up to $2000 to $4000 billion, a number surprisingly not dissimilar to the British Gross Domestic Product. In its post-mortem, the self-inflicted disaster has commonly brought to light the question: “Did bankers, regulators and rating agencies fail to see the flaws, or did they fail to care?” Importantly, it has also created a hunt for scapegoats and quick fixes.