The Depression Of The Great Depression

The Great Depression wasn't the first depression this country has ever seen, but by far it was the worst and longest economic decline in history. The Depression officially began on October 29, 1929, which is known as Black Tuesday today; the ripple effect started after the Wall Street Crash of 1929. Wall Street was the banking district in New York where the New York City Stock Exchange (NYSE) was located (Wroble 14). The Depression lasted for a lengthy ten years. While Franklin D. Roosevelt was running to become the 32nd president of the United States, he promised to have all the solutions on how to handle the Depression and get America back to its former beauty. When Franklin became president on March 4, 1933, he immediately put all his ideas together and called them The First and Second New Deals, both programs helped repair and restore the nation in economic and emotional ways.

The Great Depression was a dark time in American history that lasted from1929-1939. It began after the Stock Market crashed on October 19, 1929. According to A Biography of America: FDR- The Great Depression, “It was the deepest and longest lasting economic downturn in American History” (A Biography of America). As a result of the Great Depression one out of every four Americans was out of work. The Great Depression resulted in a life for Americans that was plagued by overproduction and under-consumption of products, starving families were forced into bread and soup lines, and thousands of agricultural workers became migratory workers in order to survive.

Never had the flaws of capitalism been so evident or as devastating as during the decade that followed the outbreak of the Great Depression in 1929. All across the Euro-American heartland of capitalist world, this vaunted economy system seemed to unravel. For the rich it meant contracting stock prices that wiped out paper fortunes almost overnight. On that day that the American stock market initially crashed (October 24, 1929), eleven Wall Street finances committed suicide, some by jumping out of skyscrapers. Banks closed and many more people lost their life savings. Investment dried up, world trade dropped by 62 percent within a few years and businesses contracted when they were unable to sell their products. For ordinary

The 1930s was one of the most challenging times in US history, where the Great Depression caused millions of Americans to suffer through hardships because of the economy. Many people were out of work and unemployed, and the government at the time, believed that the best option was to stay out of its affairs, leaving the struggling people hung out to dry. It was not until Franklin Roosevelt was elected president, that the state of the country began to change. And that was due to the creation of the New Deal; a plan to alleviate the state of the country, providing help through increased government spending and programs, that led to its eventual recovery after the second World War.

Former President Calvin Coolidge said, “In other periods of depression, it has always been possible to see some things which were solid and upon which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope- nothing of man” and to some extent it was true. Americans lost all hope in life entering a deep dark tunnel with no light in the end. The Great Depression was not something that appeared out of thin air; it grew over time like a tumor and eventually plagued America with an excessive disease. No decade was more terrifying in the twentieth century than the 1930s. The stock market crashing, due to people buying stocks on load, the debts from WWI farmers and consumers in deep debt, and

The 1920’s was a decade of discovery for America. As mentioned in “who was roaring in the twenties? —Origins of the great depression,” by Robert S. McElvaine America suffered with the great depression due to several factors but it managed to stay prosperous at the end. In “America society and culture in the 1920’s,” by David A. Shannon there was much more to the great depression. It was a time of prosperity an economic change. Women and men were discovering who they were and their value to society in “The Revolution in Morals,” by Gilman M. Ostrander. Even if Racism still existed as mentioned in “ The Tribal Twenties,” by John Higham, the 1920’s still was time of change that affects people today.

This act was created in 1974 there are many events that could have impacted the need for such a policy. One event that impacted the need for the RHYA is the Great Depression. The Great Depression led to about 400,000 young boys being homeless. Another important event is the Vietnam War, though it was coming to an end around the time that the act was passed, it lasted for many years and effected the family structure of American households. The draft caused by the war made a lot of families turn into one income families, which could have made teens need to leave home before they were old enough to support themselves in order to leave more resources for the rest of the family.

Most everyone has at least heard of the Great Depression that hit America by storm in the early twentieth century. Even though people are taught about the Great Depression, I personally think that a lot of people do not understand the severity that it caused and the livelihoods that it forever changed. The Great Depression, which lasted over a period of ten years, resulted in a lot of heartache for many nations worldwide (Fraser, 2010). As for the United States, the worst of the Great Depression harbored between 1929 through 1933 (Fraser, 2010). The Great Depression went down into history as being the worst traumatic economic moment for the United States (Paul Evans). It is still recognized for being the longest and severe depression that

The Great Depression, however inevitable, took people by surprise when the stock market crashed in 1929. At first people did not fully understand the state of the economy, they could not wrap their heads around the transition from popping champagne bottles to eating bread crumbs for dinner. People were expecting a quick fix to the problem, assuming their lives to go back to normal after a few months, ultimately underestimating the situation America was in. As a result, no one was prepared to properly combat the extreme shortage of food, jobs, and money in the years to come.

There was a steel mill company created in the 1900 in Gary by a president of the United States name Elbert H. Gary it was named after him. The steel started getting popular because everyone nationwide was using it to build railroads and homes. There three things they used to make steel such as iron ore, limestone, and coals. There was variety of coals that was used but the only one they use was called coke they had to burn a fuel that turned into coke. In order for them to make it, they had to make the coke burn at an extremely high temperature so they can produce it to melt big quantity of limestone and iron ore.

In 1929 the stock market crashes due to an unstable economy, over speculation and Government policies. Many people think that the stock crash was to blame for the Great Depression but that is not correct. Both the crash and depression were the result of problems with the economy that were still underneath society 's minds. The depression affected people in a series of ways: poverty is spreading causing farm distress, unemployment, health, family stresses and unfortunately, discrimination increases. America tended to blame Hoover for the depression and all the problems. When the 1932 election came people weren’t very fond of Hoover, but Roosevelt on the other hand introduced Happy Days and everyone loved that idea.

By 1924, after years of crisis management and attempts at tax and finance reform, the economy was stabilised with the help of foreign, particularly American, loans. This relative "golden age" was reflected in the strong support for moderate pro-Weimar political parties in the 1928 elections. However, economic disaster struck with the onset of the world depression in 1929. The American stock market crash and bank failures led to a recall of American loans to Germany. This development added to Germany's economic hardship. Mass unemployment and suffering followed. Many Germans became increasingly disillusioned with the Weimar Republic and began to turn toward radical anti-democratic parties whose

Dorothea Lange's Migrant Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, age 32, a mother of seven children, in Nipomo, California, March 1936.

“personal assertion of existential meaning in a universe of potential cosmic meaninglessness” (Mast, 246). In the adventure films and Westerns, heroes are willing to challenge authority for their personal beliefs and feelings. They take actions based on individual beliefs, definitions of right and wrong, and the urge to complete their personal goals and dreams. The helpless antiheroes in screwball comedies present the situation during the Great Depression from another aspect. They cannot make choices themselves because of others’ intervention, and unfortunate things just happen to them. The denial of humanness is one feature of antiheroes. Powerlessness of antiheroes in the ridiculous world definitely reflects the desperate situation faced by the Americans during the Great Depression.

The depression hit Germany in 1930. Hitler spoke many speeches promising to get rid of the communists and other "enemies." In 1933 Hitler became chancellor of Germany. There were two other Nazi in the cabinet, Goering and Wilhelm Frick.