During the Great Depression, life wasn’t easy. Many farmers lost their farms and during that same times, years of erosion and drought were created in the Midwest, where crops could no longer grow (about.com) and many families lost their savings as the numerous amount of banks collapsed in the early 1930s. Because these families could to not pay for rent payments or mortgage, they were forced out of their homes or were evicted from their apartments. Unemployed and underemployed male heads of the families founded the depression to be extremely difficult, because in traditional concepts, the men were the providers of the families (galegroup.com). Unemployment rose from three percent to 25 percent during the depression. Those who still had jobs, their wages fell 42 percent. Famers and other unemployed workers traveled to California to find work, but many of them ended up living as homeless (about.com) It is said in academic.mu.edu that The main role of women during …show more content…
In the 1920s the stock market soared, and the more it grew, the more people wanted to invest and put money into it. Many of the people bought on margin, which meant that the people only paid a part of a stocks worth when they would buy it and the rest when they sold it (about.com). The United States stock market crashed because of the over production, which meant America industry was truing out more good than people could pay (Ross ). The stock market crashed quickly spread from New York to virtually all sectors of the United States economy. In eevery state, there were shops, manufacturers, farms, and other enterprises, which were both small and large, went into bankruptcy by the undreds. This caused the employes to be laid off, and the amount of employment into a much greater amount (Ross 7, 8). But this all was created because of Black Thursday which started and marked the beginning of this greatest economic crisis
The great depression all started with the stock market crash of 1928. The president at the time was herbert hoover who promised to keep peace. He ended up winning 444 electoral votes to his opposing opponent who only had 87 electoral votes (Notes). After the stock market crashed banks started to fail and had no money to give to people. Nobody had money to pay anyone so unemployment roared all the way to 23% from 3%.
During the 1920's millions of Americans began investing in stocks for the first time. They heard about how rich people were getting by investing so they all decided to do it. Many new investors entered the stock market using borrowed money. Stock market prices rose steadily as inflated market demand outpaced increases in the capital value of businesses. Investors began to realize that a large imbalance existed between stock prices and the amount of money needed to back them up, and began to sell. On October 29, 1929, great numbers of people tried to sell their stocks all at once. This created chaos in the accounting of stocks and for brokers. The New York Stock Exchange and other exchanges prices dropped so dramatically that this event became known as the crash of 1929. Millions of investors lost their savings in the crash and many were deeply in debt since
During the 1930s women is not treated equal with men and they are very different with each other. The amount of women actually getting jobs are less likely to men getting jobs. Fashion is also very different, women are in plain dresses while men are in blue denim jackets. Women during the Great Depression are actually depressed because they can not get jobs and their wages are half as as much as men. Men gets good jobs and amazing wages but at least both still got their fashion.
Women, during the Great Depression, had the toughest time out of all of the people who lived through the Great Depression for many reasons. Women often had to sell themselves on the street to
The stock market crash of 1929, additionally called the Great Crash, was a sharp decrease in U.S. stock exchange values in 1929 that added to the Great Depression of the 1930s. The market accident was a consequence of various economic imbalances and structural failings (Pettinger). In the 1920s, there was a fast development in bank credit and advances. Energized by the quality of the economy, individuals felt the share
The Great Depression transformed American society and the way people thought about themselves and their relationship to the country. During this horrendous time period, many people lost many important pieces in their lives like money and jobs. Millions of families lost their savings as many banks collapsed in the early 1930s. They were unable to make rent payments or mortgage and many were removed from their apartments. The Great Depression challenged American families in vital ways, placing great economic demands upon families and their members.
Throughout, the history of the United States, there has been many different events that helped change and shape the America known today. One particular event that has had a great significance was the Second World War. The war came as a salvation to the United States because it helped liberate it from the Great Depression. However, one gender population, during this time, had the opportunity to demonstrate their potential. This gender population was women. WWII was not only a life changing event for all men in America, but also for women because it would become the first time in history when they begin to break the stereotypes between gender roles.
To what extent did white women’s social roles change from the 1920s to the Great Depression when employment and income decreased nationwide?
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.
There as several problems during the great depression such as, unemployment, savings, reposition, banks closing, and stock market crashing. Many women are unemployed. Fewer women than men seek assistance, probably as many women suffer from peverty as men. The women seem invisible in the great depression.In other words, "the pre-new deal assistance to unemployment and poor was not sufficient."(Doc A)The biggest problems was unemployment not just for women but men too. For instances "unemployment spiked in early 1920's then peaked in 1933 again in 1937-38."(Doc J) This made the unemployment ate increase from 12.8 million to 40 percent, and this didnt include farm workers. "Roosevelt recession of 1937-38 caused by reduction of federal government spending."(Doc J)
The Great Depression can be a tough subject for most people, but still inspiring to others. The Great Depression was a very difficult time for America as well as women. The women of the Great Depression struggled through many trials, as did many others in the United States, but they were able to get through it all. The women of the Great Depression worked their hardest to stay true to themselves, and their family, as well as, to keep a job, a stable household, and for some, a strong marriage.
Change and hardship go hand in hand, because when hard times emerge society is forced to change. During the Great Depression the idea of gender roles stirred up a great deal of controversy but it also opened the door for change. It gave society a push into a new direction. In order to survive, a number of people had to move away from their traditional way of living in order to take care of their household (Goutour, November 5, 2013). It was now more acceptable and easier for women to find work, while men on the other hand had feelings of emasculation and hostility due to not being able to fulfill their role as the breadwinner (Hollingsworth & Tyyska,
The role of women in United States has always been a very important and crucial role. During the Great Depression, the unusual pressures greatly magnified women’s part. Women have always seen a shift in the definition of what is expected of them. The great depression put an even heavier burden on them. This is a review of three journals that explore these topics.
economy, people began buying stocks on the margin. They would borrow most of the stock’s price from a stockbroker and only pay a little bit of the price. If the stock prices kept rising, this system would work well, but if the prices fell, people could not pay the loan back. Near the end of the 1929 year, prices were too high, so people wanted to sell their stocks. They thought the prices would lower soon. Stock prices did go lower and people were not buying. They all wanted to sell their stocks. Prices went even lower on October 29, where 16 million stocks were sold. This caused the collapse of the market.
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.