Great Depression Impact "The American People in Hard Times" Employment African Americas Minorities Women Most ppl saw unemployment/poverty as signs of personal failures Men= ashamed of being jobless Relief eventually collapsed Thousands sifted through garbage cans for scraps of food or waited outside restaurants Nearly 2 million men (few women) road freight trains living as nomads Farm income declined 60% 1/3 of farmers lost their land “Dust Bowl”- worst drought in nations’ history
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CHAPTER 33 The Great Depression and the New Deal‚ 1933-1939 EXPANDING THE “VARYING VIEWPOINTS” Arthur M. Schlesinger‚ Jr.‚ The Age of Roosevelt: The Coming of the New Deal (1959). A view of the New Deal as a radical transformation: “By bringing to Washington a government determined to govern‚ Roosevelt unlocked new energies in a people who had lost faith‚ not just in government’s ability to meet the economic crisis‚ but almost in the ability of anyone to do anything. The feeling of
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tragic and terrifying economic downfalls in history known as the Great Depression‚ which lasted from 1929 to 1939. Americas 31st president‚ Herbert Hoover‚ allowed the country to fall into a complete state of depression with his very little concern of the major economic problems occurring at the time. Franklin Delano Roosevelt‚ who took over as president after Hoover‚ was ready for action and attempted to bring America’s citizens and economy out of the tragedy through many different social welfare programs
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America’s Economy Today With all the bad publicity about the economy nowadays anyone with access to a TV‚ magazine‚ or newspaper should be somewhat familiar with the current economic crisis here in America. It seems like the Dow Jones Industrial Index and the S&P 500 Index are dropping lower every day‚ not to mention the poor condition of tech stocks listed in Nasdaq. Here’s some current stock market figures that display the markets current deterioration: The Nasdaq index lost 8 percent of its
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The State of Today’s Economy The State of Today’s Economy In most cases the economy is in a state of expansion. The economy is almost always constantly growing due to population change and other factors. However‚ we must measure the change in growth rate to effectively measure if our economy is contracting or expanding. To measure the growth rate of the economy we measure the positive or negative change in Gross Domestic Product (GDP). We use the GDP from the previous year‚ subtract this
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national income fell to 55% of the 1929 level‚ again worse than any nation other than the U.S Called dirty 30’s due to Canadas heavy reliance on raw materials‚and farm exports‚ combined with ehe deflation of the Prairies due to drought Canada’s economy at the time was just starting to shift from primary industry (farming‚ fishing‚ mining and logging) to manufacturing. Canadas exports of raw material plunged‚ and employment‚ prices and profits fell in every sector.
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The Great Depression The Great Depression caused the poor to become poorer and the rich were not affected as much. Some of the rich misunderstood people because of their economic situation. Great Depression was one of the most stark economic situations the world had seen. It all started during mid 1900’s and lasted till 1939. The effects of the Great Depression were seen all over the whole world with high unemployment‚ low production and deflation. Some examples of effects were‚ Stock Market Crashes
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Mother Holding baby: It’s been three days since I’ve had a decent meal‚ and a whole week since the last time I had something else on other than this plaid dress. We deiced to stop on the side on road because the kids were getting cranking and honestly I was to. My husband George is cooking one of the few can of beans we have left and I hope it’s enough for everyone. We had all our money invested Dow Jones industrial and like many other we lost it when the stock market fell. Just when things were
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The Great Depression in the United States was the worst and the longest economic collapse in the history of the modern industrial world‚ lasting from the end of 1929 until the early 1940s. The Great Depression saw rapid decline in the production and sale of goods and a sudden‚ severe rise in unemployment. Businesses and banks closed their doors‚ stock market crashed (Document 2)‚ people lost their jobs‚ homes‚ and savings‚ and many depended on charity to survive. Natural calamities‚ such as the dust
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The Great Depression struck the United States in 1929‚ caused by overproduction and weak banks. Overproduction was caused by people manufacturing more than people could buy‚ this forced wages to drop‚ closed businesses and allowed debts to rise. Banks became weak because they gave loans to unsteady sources and gave loans to people who invested in the stock market‚ yet when the stock market crashed‚ the investors could not pay back their loan and took on debt. This forced banks to close and fire workers
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