The Great Depression During World War I

Modernism began around the late 1800s or early 1900s, with artists and writers in Europe producing many extraordinary and influential works. This period spans many events, including both World Wars and the Great Depression. World War I appeared to be a major event that helped to start Modernism; this was because of the destruction and ruin that came from it and events that followed. This poem is consistent with the values of Modernism because of alienation, time, and self- consciousness; however, it continues to resonate with readers today because isolation, change, and insecurities are things that humans may face.

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.

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.

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.

On Black Tuesday, October 29, 1929, the stock market saw its greatest crash in history. The next 10 years brought an economic depression the world had never experienced. Unemployment would soar, a banking crisis would lead to a global phenomenon, and Americans would find themselves struggling to survive. In addition, the government would step up their involvement in American lives, as they felt a responsibility to the people. This would lead to mixed feelings from the American people. The Great Depression affected people in many different ways. For some it led to their demise, while it brought others closer together than ever before.

When considering time between 1865 and 1945, United States history evolved and differed from period to period. It began with times of slavery and reconstruction, and proceeded with transformation in the Gilded Age. This then led to the Progressive Era, World War I, the Great Depression and its aftermath, as well as World War II. As one can see, history seems to fluctuate from times of peace and order to times of chaos and turmoil. A process of trial and error explains both how and why the U.S. changed the way it did. In other words, these periods and events reveal that history in itself is a recurring process of learning from past mistakes.

American life was at an all time high during the Roaring Twenties, Americans were enjoying the prosperity of the United States so why would they want to get involved in European conflicts? The United States under the Hoover administration held a very isolated stance, the country’s economy was booming and the people were relishing in the modern society. When the Great Depression hit Americans continued to hold an isolationist stance as they focused on the deteriorating situation going on at home. Throughout this time period of 1920 to 1941, America dealt with major events, such as the end of World War I to the Roaring Twenties turning into the Great Depression in 1929, and then the beginning of World War II, along with the attack on Pearl Harbor in 1941. As these events took place Franklin Roosevelt had to make decisions as a way to try to maintain American democracy, one of his responses was the changes in the foreign policy of the United States. In the time period of 1920 to 1941, the United States changed its foreign policy by becoming involved with global affairs instead of avoiding them.

What came to be known as the Roaring Twenties was a time of economic prosperity following the First World War. At the crest of Jazz Age, when traditional norms were tested and culture was displayed through music and literature, American consumerism was at its peak. From Ford’s automobiles to the smallest of household appliances, from houses to stock market bonds, the average American used credit to purchase all of these appliances. However, at the height of this consumerism, the wealth gap amidst the affluent and the impoverished refused to contract in size. At this moment, 0.1 percent of the elite acquired the same total income as 42 percent of the Nation’s population. With the average personal debt rising and the overproduction of consumer goods too stubborn to decrease; on October 29, 1929, otherwise known as Black Tuesday, the stock market crashed. Unlike others before it, this crash impacted a significant amount of the Nation’s population; predominantly due to its prosperity within the last decade as a result of foreign market advantages during the First World War. Black Tuesday came to be known as the event that set in motion what was the worst economic collapse in history, the infamous Great Depression, which lasted over a decade. Former President of the United States, Herbert Hoover, passed it on as “a passing incident in our national lives.” As a result of his belief in rugged individualism, Hoover concluded that it was not up to the federal government to try and

A generation can be defined as the period, cohort or age of a group of people. Age is seen as the age that the persons were when particular transitions or events in life take place. Period can be defined as the overall experience of a person’s lifetime. Lastly, cohort can be seen as the overall grouping of people who have shared events during their formative years that more than likely contribute to like-minded behavior throughout the duration of their lives. There are currently four generations in United States society: Silent Generation, Baby Boomers, Generation X and The Millennials. The silent generation was born between the years of 1930 and 1945. Significant events during this time period include but are not limited to World War II and the Great Depression. The baby boomer generation was born between the years of 1946 and 1964. Significant events for this generation include the substantial growth of the middle class as well as economic prosperity. Generation X is born in the time period of 1965-1979, this generation was brought together by the big energy issue as well as the Vietnam War. Lastly the final generation that is currently in the workforce are the Millennials. This generation was born between the years 1980 and 2001, this group is brought together by the 9/11 terrorist attacks as well as the internet

The great depression was an economic recession in America that spanned between the years of 1929-1939. Although this was sparked by the stock market crash on October 29, 1929, there were several long term causes, most prominently, the decline of both the agricultural industry post World War I and industry. After the end of the first World War, food demand decreased 40% internationally, leading to a decrease in farmers’ profits. To compensate for this, farmers expanded and overplanted their farms, digging up the roots of native grasses in order to plant more crops. Unfortunately, this deflated the price of crops. In addition, digging up the native grasses allowed winds to blow the nutritious topsoil from the land, causing less fruitful

The Great Depression was a by-product of the roaring twenties. During the 1920's the United States economy flourished and the American people spent money freely. In October of 1929, the free spending ended. The stock market suddenly crashed and people throughout the United States were affected. There were four major contributing factors to the stock market crash and the following Great Depression. A combination of stock speculation, buying stock on margin, an unbalanced distribution of wealth, and economic nationalism led to a nightmarish reality check for investors. An era of fast money and lavish living quickly changed to an era of economic hardship in which people had to struggle to stay financially in the black.

In the 1920s, American economy had a great time. The vast majority of Americans in 1929 foresaw a continuation of the dizzying economic growth that had taken place in most of the decade. However, the prices of stock crested in early September of 1929. The price of stock fell gradually during most of September and early October. On “Black Tuesday” 29 October 1929, the stock market fell by forty points. After that, a historically great and long economic depression started and lasted until the start of the Second World War. The three causes of the Great Depression are installment buying, uneven distribution of wealth and the irrational behavior in the stock market.

Two decades after the first World War happen another world war occurred known as World War II. There were many causes that led up to this war. The Treaty of Versailles ended World War I, but Germany had to accept the responsibility of the war. Therefore, Germany economy went downhill and people were starving because of war debt. The Great Depression had a big effect on a lot of countries; therefore, countries started adopting fascism. Fascism was another problem that helped lead to World War II. Fascism started in the 1920’s in Europe and it meant that each country was run as a dictatorship. This way of government controlled the lives of individuals

WWI was a war going on from 1914 to 1918 which involved The Allies, Great Britain, France, Russia, And Italy, Then The Central Powers, Germany, Austria-Hungary, Bulgaria, and the Ottoman Empire. The Great Depression was something that happened after WWI (October 29, 1929), which happened because of the U.S. stock market. (WWI notes)

After the Great War (1914-1919) came the “Roaring Twenties” followed by the Great Depression (1929-1939). After World War I America experienced the greatest economic growth in its history. Its economic expansion was due to how undamaged it was after the war. It became the richest country in the world at that time. The people enjoyed life as it were back then until the US experienced the largest economic downturn in history when the Stock Market crashed on 29th October 1929. It began in the summer months of 1929 when the US economy began experiencing a small recession where consumers began spending less and unsold goods began piling up, thereby slowing down production. While this was happening stock prices continues to rise reaching levels that could not be justified by anticipated potential earnings. This occurred for a few months until October 24th 1929 when the stock market crashed and America faced the Great Depression a few days after on October 29th 1929 . So what were the contributing factors of the Great Depression? These include: