Causes And Effects Of The Great Depression

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Recommended: Effects of world war 2 on american economy

Melis Hekimoglu
Modern History
Ms. Dyer
08.05.14
THE GREAT DEPRESSION AND ITS EFFECTS
The Great Depression which began in 1929 and lasted until about 1939 was an economic breakdown in America. Western industrialized world had its deepest and long-running economic downswing in their history. The stock market going under, structural weakness of the economy, excessive production, the gaps between rich and poor and an international crisis triggered the Great Depression in the United States. Hoover wanted the world to live in peace and defended collaboration individualism. He said, "People should depend on charity and take care of each other, we'll all suffer but we'll make it through". He was against federal aid during the Great Depression. He could not deal with this crisis because he was not ready for that and tried to tell people the best thing to do was laugh. He lowered taxes and raised tariffs so international trade disappeared. He supported volunteerism to get more investment in the economy. It only saved some people for some reasons, and this angered the people. Business closed, remaining people lost their money. They lost their jobs. Some took work in the worst of conditions for pennies. Suicides increased dramatically. Many people died from starvation and disease because they were unable to feed themselves or pay for a doctor.
First of all, the Great Depression affected women’s rights in many ways. However, the primary response is that the Great Depression negatively affected women's rights. One way that it did this was by decreasing the number of available jobs. During the Great Depression employers were hiring men before they gave jobs to women. Thanks to the New Deal Programs of by President Franklin D. Roosevelt, women ...

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...production, put up prices, protect labor, and end vehement competing. He created the National Recovery Administration. By this means big businesses had to set standards, codes and wages to end competition (Statement 3). He established the Federal Deposit Insurance. It was created to guarantee bank deposits up to $2500 so people have confidence again in the banking system. According to Franklin D. Roosevelt’s aide Raymond Moley, "capitalism was saved in 8 days" (Statement 4). He changed a lot in the States. Before the Great Depression, governments did not take any action during business downturn. They thought impersonal market forces could make the necessary economic improvement. After the Great Depression, governments were awared of the important roles of taxing, industrial regulation, public works, social insurance, social-welfare services and deficit spending.

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