The Great Depression In The 1920's

The Great Depression started in 1929 and lasted up until 1939. It happens to be the worst economic downturn for the United States and the the rest of the world. It caused companies and corporations to eventually go bankrupt as well as workers to be laid off. Another effect of The Great Depression is that factory production was reduced, and the banks started to shut down. In the lowest point of The Great Depression in 1933 nearly 15 million workers in America were unemployed and one half of the banks started shutting down.

The Great Depression was caused by the stock market crash in 1929. The Great Depression was very sad time for Americans, who faced many adversities which ultimately changed the way they lived. During this period of time unemployment rose to nearly 25% of the population, those who did not lost their job saw a dramatic decrease in their pay.

The Great Depression was an economic collapse that began in 1929 and ended in 1938. During the Depression most citizens went through hardship .Three main causes of the Great Depression were the stock market crash of 1929, the Dust Bowl, and Bank failures.

Each fireside chat addressed the issues that had occurred and his ideas for improvement. For instance, as banks shut down then later reopened, citizens were hesitant to secure their money in the reopened banks. However, in one of FDR’s fireside chats he motivated the nation to trust the bank when he stated; “People will again be glad to have their money where it will be safely taken care of and where they can use it conveniently at any time. I can assure you my friend, that it is safer to keep your money in a reopened bank than under your bed.” This shows that FDR wanted to motivate the country and demonstrate a recovery for the economy. Another example of his effective communication skills occurred in 1932, during his presidential campaign. FDR presented a speech to the Commonwealth Club in San Francisco. The speech addressed FDR’s belief that change was possible. The country had lost hope when the economy collapsed in 1929, but FDR was willing to restore this by positively communicating his ideas. He stated that; “The final word belongs to no man; yet we can still believe in change and in progress.” Following this speech, FDR won the 1932 Election, which meant that the country believed in change as he did. The speech proved that FDR was an effective leader because he was able to motivate and uplift during the Depression. The country was in need of a leader who believed that there was a solution to The Great

    The Great Depression significantly affected Americans lives, and even everyday activities. The unemployment rate reached an all time high for this time period. Instead of waking up to go to work, Americans were forced to search for jobs all day long because workplaces could not afford to to keep people employed.

The cause of the Great Depression was not caused by one problem alone, but several joint problems. The Great Depression was caused by a large percentage of Americans investing in the stock market, installment buying and the multiple bank failures. At President Calvin Coolidge’s last Annual Message to Congress in 1928 he ended his opening paragraph with “The country can regard the present with satisfaction and anticipate the future with optimism.” (Document B) Unbeknownst to him and the American people, just a year later the United States would start a decade long depression. The Great Depression started off with the stock market crash on October 29, 1929.

During 1929, The Great Depression changed the shape of America and how many people would struggle during this time. The Great Depression had many issues happen that hurt many people and their jobs. President Hoover had a major impact during this time. The Great Depression started after the Stock Market Crash of 1929. The economy during this time was in a world of hurt and people in the economy were going through a rough time. Many farmers during this time lost money to pay for their jobs and could not have anything go in their favor while Hoover was in Presidency.

Their influence was immense—socially, politically, and economically. Strong individuals accumulated much wealth and power. They lobbied for laissez faire government policies that left them free to maximize their profit with minimal government oversight. Mismatch between production and consumption was another factor that led to the crash of 1929. The 1920s made good progress in manufacturing and design techniques, particularly in ventures like cars. The generation line empowers economies of scale and incredible increments underway. Nonetheless, interest for purchasing costly autos and purchaser products were attempting to keep up. Therefore, towards the finish of the 1920s many firms were attempting to offer all their generation. This brought on a portion of the disillusioning benefit comes about which hastened falls in share costs. In 1929, there were at that point cautioning signs from the economy with falling auto deals, bring down steel production and a log jam in lodging development. Although all these signs were stated, people still went on to continue buying

Roosevelts term in office after the great depression. He appealed to the public in an optimistic way that made it seem as if everything was going to be alright. He proposed that he would do whatever it took and not give up assuring them that there was nothing to be afraid of, because he would find a way to fix their problems (Carnes and Garraty 578). Although he knew what needed to be done he wasn’t sure what his first steps were. “Roosevelt had the power and the will to act, but no comprehensive plan of action” (Carnes and Garraty 579). He acted with determination, along with the idea that he could turn everything around. He was decreased the wages of federal employees, placed an embargo on exporting gold, eliminated the gold standard, and found a way to reopen “the banks under Treasury Department licenses” (Carnes and Garraty 579). He came up with what he called the “fireside chats” as a way for him to communicate and explain the new policies in place to the public (Carnes and Garraty 579). He was able to bring the world back into working order and improve the public’s confidence, debt, and overall way of

The great depression hit everyone, crippling the economy and killing the working class. While President Herbert Hoover inherited much of his predecessors failing policies, he also took on most of the blame. Most saw him as insensitive to the millions of suffering Americans which led to his defeat in the following election to President Franklin Delano Roosevelt. President Roosevelt came up with the plan the new deal to help the economy recover, reform it, and relieve it and in the new deal there was the Agriculture Adjustment Act, Securities and Exchange Commission, and the Social Securities Act.

The Great Depression, which lasted from 1929 to 1939, was the worst economic depression in the history of the United States. The stock market crash of 1929 signaled the start of the downturn and the coming of the Great Depression. This speculation and stock market crash acted as a trigger point for the already unstable U.S. economy. Thousands of people went bankrupt because they had lost their working capital in the stock market crash. Thus, the rich stopped spending on luxury items; the middle class stopped buying things on credit.

The Great Depression was one of the crucial economic events in world history that it affected everyone. This was a time period when many people were out of work and business was poor. The Great Depression began on October 29, 1929, when the stock market crashed in the United States. This economic disaster impacted humans in the worst way imaginable. Everyone was surrounded by despair from all sides.

The Great Depression was an economic downturn event that took place in history during the western industrialization world. The United States of America began the Great Depression soon after the stock market crash of October 1929. Furthermore, it sent the Wall Street into a panic and wiped out millions of investors.

The roaring twenties was a time filled with hope and change. President Warren G. Harding promised a “return to normalcy”, which reflected his own conservative values and the voters’ wants for stability and order. Americans felt that they had been through more than enough, and desired prosperity. During the years 1919 and 1920 the Eighteenth and Nineteenth Amendments were passed; the outlaw of alcoholic beverages and the right for women to vote, which ones of the many reasons society was turning their backs on Progressivism. Republicans were beginning to return to their previous dominance. The 1920’s was an economic boom for America, including everything from an increase in jobs, a rise in plentiful goods, new consumer products, and the reduction of taxes. The country was filled with jazz music, dance, and what appeared to be a brighter future. The 1929 crash of stock market was the beginning of a downward spiral leading in to the Great Depression. The stock market crash is often to be confused as the cause of the Great Depression, although that is false. A few of the issues that lead to the Great Depression included; farming (which decreased in demand as farms increased through the states during World War I), banking, and mass unemployment. Capitalism took shape as what was once the individualistic Protestant work ethic was reshaped into industrial work on a grand scale. Each worker contributed to the greater good, and the workers were presided over by a boss

which caused uneven prosperity. Although the economy was booming in the 1920's most purchasing was done by credit.