How To Write An Essay About The Great Depression

Sydney Elazegui HISTORY 223 – Reznicek 03/18/15 1920s vs. 1930s The 1920s began shortly after World War I when the United States and the allies defeated the Germans in 1918. The 1920’s became known as the “Roaring Twenties,” because of its changes in politics, economics, society, culture and foreign policy. Industries were making their products at an increasing rate; they became richer and more powerful than before World War I. The 1920s were also seen as a decade of contradiction, increase and decrease faith, great hope and great despair.

Research Paper: Roaring Twenties 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.

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

The Great Depression and The New Deal

When the citizens had bought all that they could buy, there was a decrease in demand. Suddenly, the industries had an excess of goods and no one to sell it to. At this point, the Fordney-McCumber Act began to cripple the economy of America. Other nations introduced high tariffs to boost their revenue and to spite the United States. Sadly for the United States, these high tariffs and low demand were instrumental in the depression that America experienced. When the stock market crashed on October 29th, 1929 or “Black Tuesday”, the united states, along with other nations were in economic turmoil and the widespread prosperity of the 1920s ended abruptly. The depression threatened people's jobs, savings, and even their homes and farms. During the heart of the depression, over one-quarter of the American population was out of work. For many Americans, these were extremely hard times. When Roosevelt was voted into office, he introduced the New Deal. While this plan tried to help the united states out of it’s isolationist rut, the second world war was the final solution. Mobilizing the economy for world war finally cured the depression. Millions of men and women joined the armed forces, and even larger numbers went to work in well-paying defence jobs.

There are many historical events that happened in the 1930s. The Great Depression was just starting, so there were many people hungry and homeless. In the early thirties, you would mostly see people standing in bread lines and soup kitchens, to stockbrokers selling food on the corner of the street, and shamed expressions of evicted families with their small belongings all huddled on the sidewalk (Press page 16). In the late thirties, the Great Depression showed signs of lifting, but then suddenly deepened. Just when they thought the stock market was building back up, it suddenly crashed again. Therefore, more than four million men and women lost their jobs. They called this the “Roosevelt Recession” (Burns). President Roosevelt helped with the struggle the whole way

The 1920’s followed World War I. During the war, the United States had suffered very few casualties and its economy did not suffer like other nations had. This enabled it to experienced an economic boom: Higher sales, productivity, and wages, increasing demand for new products for consumers, and greater profits for corporations and businesses. This paved the way for economic developments during the 1920’s, such as buying on margin in the stock market and buying on credit, that caused the economy of the United States to enter a bull market. During this time, a new culture that centered around free expression also formed. This led to developments in art and entertainment like the creation of the symbol of the flapper and the popularization of

The Culture of the 1920s The Roaring Twenties started in North America and spread to Europe as the effects of World War I diminished. In Europe, the years following the First World War (1919-1923) were marked by a deep recession. Europe spent these years in rebuilding and coming to terms with the vast human cost of the conflict. Unlike in the aftermath of World War II, the United States did little to try to rebuild Europe. Instead, it took an increasingly isolationist stance (Answers, 2006).

The Impact of the Great Depression 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

Herbert Clark Hoover was inaugurated President in March of 1929. When he became President, the country was enjoying economic prosperity. Half a year later everything would change. Hoover was born on August 10, 1974 in West Branch, Iowa. His parents were rural Quakers. His father was a blacksmith and his mother

A devastating event such as the Great Depression occured in the 1930’s. In the month of May the stock maret had a change. Bankholders lost more than 30 billion dollars, although bankers began to regain the losses it wasnt enough. Bank failures began taking place in the 1930’s, due to

In the 1930’s a whole new nightmare had occured. The Great Depression into play losing all their money. During this economic crisis a lot of things happened, some even tried to solve these predicaments. In 1933 thousands of banks closed. Millions of Americans lost their jobs. Also, 90,000 businesses went bankrupt.

     The Great Depression was a huge economic downfall in North America and involved many other industrialized countries of the world. The Depression began in 1929 and lasted for about ten years. Millions of people lost their jobs along with many businesses going bankrupt. The common misconception of the Great Depression is people think that the stock market crash was the main cause for it. There were many causes for the Depression; unequal distribution of money during the 1920’s was the main cause of the Depression. This unequal distribution happened on many different classes of people. The imbalance of money is what created such an unstable economy. The stock market was doing much worse than people thought

Franklin Delano Roosevelt and His New Deal The 1932 presidential election came in the midst of the greatest economic depression experienced by the American people. Never before in the history of the United States has pessimism been so universal. The descent from the height of prosperity of the late 1920s had been rapid, bringing fear and uncertainty. By March 1932 approximately 12 million men and women were unemployed. By March 1933 unemployment had reached 13.5 million. In the hard-hit cities, long lines of hungry people waited before charity soup kitchens for something to eat, and thousands unable to pay rent, huddled in empty lots. Homeless people made shelters out of old packing cartons. More than one million Americans

In the early 1900s, tragedy struck for America when the Great Depression hit. A major economic decline rapidly spread throughout the country. Unemployment soared