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Poverty In America

Decent Essays

Poverty
Poverty is about not having enough money to provide basic needs of living such as food, clothing, and shelter. Poverty is not only about money it’s also not having somewhere to sleep at night, being sick and not able to go to the doctor. Poverty is not able to go to school and get a proper education. Poverty is not knowing what the outcome of your future will be. Poverty and inequality are two different things, but inequality can feed widespread poverty by barring groups with lower social status from accessing the tools and resources to support themselves.
When did Poverty begin?
Poverty took a turn for the worst on October 29, 1929. Investment companies and leading bankers became frantic and thought that if they brought an abundance of stock that the market would be stabilized. Instead the stock market ruptured and 16 million shares were traded on the New York stock exchange in a single day. Billions of money were lost, wiping out thousands of investors and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. As prices continued to decrease the United States drifted into the Great Depression. Approximately half of Americas banks had failed and unemployment almost …show more content…

INCREASE EMPLOYMENT
There’s a lot of work to be done in the U.S. but much of it won’t generate a profit. That’s where government can step in. Investments in infrastructure - fixing old bridges, building mass transit, converting to clean energy sources – and investments in vital services such as schools, childcare and elder care generate both public benefits and jobs. So do local-hiring ordinances for large employers in low-income communities. Building low-cost housing provides jobs as it increases disposable income by lowering housing costs. Free community college could train more people. And if you believe anyone willing to work should have a job, then government can be the employer of last resort. (2015)
RAISE AMERICA’S

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