The Great Depression Of 1929-1939

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.

In the 1929 and 1940 The Great Depression in history millions of people were out of work or they will soon to be out of one. It didn’t matter if you were Black , White HIspanic or Asian you will still would be unemployment even if you were really rich. Everything was crashing down there wasn’t jobs for people. Many banks failed then markets did as well.

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 March 4th, 1933 one of the most successful and influential individuals in history took presidential office in the United States of America. “Franklin Delano Roosevelt stands with Abraham Lincoln as a founder of the modern American nation.” President Roosevelt took office immediately after the what was arguably the worst financial collapse in history coined, The Great Depression. With astronomical levels of unemployment and extreme poverty, FDR’s New Deal policy was established to restore production and stability. He promised change and allowed for a Democratic union to form. During the Great Depression, the labor movement experienced exponential growth and tremendously favorable influence; the federal government passed legislation legally

The assigned readings offered an interesting and complex view of some of the diverse groups of people who were marginalized in California during the Great Depression of the 1930s. The primary sources shared detailed information on how Mexicans, Filipinos, and White Americas experienced hostility and inequality in California. In Resistance, Radicalism, and Repression on the Oxnard Plain, Frank Barajas discusses how beet sugar growers on the Oxnard Plain cut the wages of Mexican laborers working in their fields. This ignited an uproar and began a strike movement among the betaberleros (sugar beet workers), who felt it was an injustice to lower wages and face discrimination just because they were minorities (Barajaos, 29-51). As commotion was occurring within the Oxnard Plain of California, conflict between the residents of the agricultural community of Watsonville and the Filipino farm labor community emerged. Many Watsonville residents showed a strong anti-Filipino sentiment, as well as social and sexual stereotyping of Filipinos (Witt, 293). This tension between Watsonville residents and Filipinos sparked the Watsonville Riot of 1930 (Witt, 299-300).

October 24, 1929 would soon become a day that would be etched in history as Black Thursday. Although there is no one true cause or event that can take blame for the fall of our nation’s finances, the stock market crashing is indisputably the root of the problem that we now call the Great Depression. Prior to this day, the economy and national profits seemed to be on an endless spiral being pushed to the top. The occurrence and aftermath of World War One contributed to our advancement of a seemingly perfect financial state as a country and as individuals. However, after the crash, businesses began to close, including banks and other financial establishments. This, in turn, left no producers or processors for farmers and ranchers to bargain with,

Faced with the Great Depression and World War II, Franklin D. Roosevelt, nicknamed “FDR,” guided America through its greatest domestic crisis, with the exception of the Civil War, and its greatest foreign crisis. His presidency—which spanned twelve years—was unparalleled, not only in length but in scope. FDR took office with the country mired in a horrible and debilitating economic depression that not only sapped its material wealth and spiritual strength, but cast a pall over its future. Roosevelt 's combination of confidence, optimism, and political savvy—all of which came together in the experimental economic and social programs of the "New Deal"—helped bring about the beginnings of a national recovery.

If one asks most Americans their opinion about when our nations’ economy crashed the most severely, they would most likely say the period between October 1929, until 1930 when the United States went through the great depression. The great depression was a time where people lost nearly everything, from houses and farms, to families and children. People were starving and left out in the cold. The worst part about this was that once people lost their belongings, they were gone forever. In the 1900’s there weren’t many programs to help the public such as health insurance, welfare programs, or unemployment. All the money that individuals had saved throughout the course of their lives, and deposited in to banks was gone.

2.)The Great Depression began in the 1920s and was commonly known as the ‘roaring 20s’. This term is used to describe the general prosperity of this period. Corporate profits increased and consumerism expanded, but a large portion of the population was suffering terribly. The agricultural section of the population was impacted greatly. Farm income was sluggish and the housing market was depressed due to low wages. The economic gains of this period were unevenly distributed, which was the main cause of the Great Depression.

The Great Depression, also known as the time of hardship and financial struggle. This horrible event took over the years of 1929-1939. Financial crises were experienced within this time span like the stock market crash, many bank failures occurred. The Great Depression involved a high unemployment rate, low wages, poverty, and a huge economic downfall.

“Though the relief and reform measures put into place by President Franklin D. Roosevelt helped lessen the worst effects of the Great Depression in the 1930s, the economy would not fully turn around until after 1939, when World War II kicked American industry into high gear” (History.com Staff).

Inspiration was instilled to society during the four terms U.S. president Franklin D. Roosevelt held office. He led the United States through the Great Depression and World War II. He was a man who symbolized change, progress, and hope and effectively restored the faith several individuals lost as a result of the depression and war. By the time Roosevelt took office in March of 1933 as the 32nd president, there were 13 million unemployed Americans, and hundreds of banks were closed. Roosevelt faced the greatest crisis in American history since the Civil War. During the economic depression, President Franklin D. Roosevelt’s biggest goal was to get people back to work, getting them fed, sheltered, and fixing the economy. During World War II Franklin Roosevelt’s aspiration was to save the world from utter collapse. He had to persuade the Americans to help Britain and France fight against dictator Hitler. He had to deal with Japan 's demands. When they attacked he put the U.S. into the war to fight off Japan and Germany. He then worked closely with France, England and Russia to defeat the Nazis. He also had an idea to join forces with the Allies to create the United Nations. Despite the conflicts worldwide, he sought to improve the state of the American nation to one all could be proud of. His social programs during the Great Depression redefined the role of government in Americans ' lives. His role during World War II established the United States ' leadership on the world

Over the 1920's, many American's wealth increased substantially. This caused many to look to find a place to invest their new found earnings in something that felt safe from inflation. Many people felt that the stock market was a safe one way bet, causing customers to buy shares by taking out loans from banks, but in 1929 everything changed. After reaching its peak earlier that year, on October 29, 1929, what they call “Black Tuesday” hit Wall Street causing investors to trade over 16 million shares on just the New York Stock Exchange in a single day. Billions of dollars vanished, wiping out thousands of investors. Most people believe that the Stock Market crash can be blamed on over eagerness and false expectations. In the years leading up to 1929, the stock market held, what the consumers thought, to be the next gold rush. People bought shares with the expectations of making more money. As share prices rose, people started to borrow money to invest in the stock market. The aftermath of the crash put into motion, what is called the darkest time, economically, in American history the Great

The 1920s was an economic growth period for American companies and businesses. One of the key ways of making money during this period was to buy stocks and shares. As with consumer goods such as washing machines and kitchenware’s, there was the option of buying stocks and shares on credit, which meant that purchasing shares on the stock market was available to almost everyone.

In the Roaring Twenties, people were trying to get rich and have fun. A lot of people poured their money in stock markets, but it backfired. The stocks crashed; this began the Great Depression. This was the worst depression we’ve had yet, it affected more people from higher class to lower class. A depression is a time of decline in business activity accompanied by falling prices and high unemployment. The start of the Depression is usually pegged to the stock market crash of “Black Tuesday,” Oct. 29, 1929, when the Dow Jones Industrial Average fell almost 23 percent and the market lost between $8 billion and $9 billion in value. But it was just one in a series of losses during a time of extreme market volatility that exposed those who had bought stocks “on margin” — with borrowed money.