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Causes of great depression apworld history
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Evolution of the Nation
During the post Civil War time period, 1865 to 1945, the United States of America was a rapidly changing country. There were many different reforms taking place in the economic, political, and urban systems. The American industry was rising. New inventions, westward expansion, and new federal laws were making the country a melting pot of cultures from around the world. Also during this time period the nation experienced the progressive movement, economic collapse, the great depression, and President Roosevelt’s New Deal. This paper will discuss the evolution of the United States in westward expansion, urbanization, and politics, as well as the rise of American industry, the economic collapse of 1873, and the causes of the great depression.
American industries were booming post civil war. The transcontinental railroad was instrumental in the progress of the nation’s industrial movement, and the westward expansion. The railroad required tons of steel, and wood, which was provided though the steel and wood factories. The railroad created many jobs throughout the nation, according to PBS, "Railroads were the nation's largest non-agricultural employer. Banks and other industries were putting their money in railroads." This meant that industries other than the railroad and banks were spending money to get the railway build so they could continue their westward expansion.
The industry that would benefit the most from the westward expansion was agriculture. The north and southern parts of the country offered little opportunity for a new farmer. The westward expansion promised land through various land grants offered by the government. The farmers were not the only ones who would benefit from the west. The cattl...
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...ities evolved into our current state, the economic collapse and the great depression showed governments and industry new ways of regulating the economy. Roosevelt’s New Deal was the beginning of are current money standard, welfare system, and social security systems.
References
(1999-2001). Retrieved April 11, 2007, www.pbs.org/wgbh/amex/grant/peopleevents/e_panic.html
(2008 Ohio Historical Society). Retrived April 11, 2008, http://www.ohiohistorycentral.org/entry.php?rec=1517
(Ag.). Retrieved April 11, 2008, http://www.agclassroom.org/gan/timeline/1860.htm
(2008, April 14). Retrieved April 14, 2008, http://www.digitalhistory.uh.edu/modules/progressivism/index.cfm
(English). Retrieved April 12, 2008, http://www.english.uiuc.edu/maps/depression/about.htm
(Whitehouse). Retrieved April 11.2008, http://www.whitehouse.gov/history/presidents/fr32.html
Coming into the 1930’s, the United States underwent a severe economic recession, referred to as the Great Depression. Resulting in high unemployment and poverty rates, deflation, and an unstable economy, the Great Depression considerably hindered American society. In 1932, Franklin Roosevelt was nominated to succeed the spot of presidency, making his main priority to revamp and rebuild the United States, telling American citizens “I pledge you, I pledge myself, to a new deal for the American people," (“New” 2). The purpose of the New Deal was to expand the Federal Government, implementing authority over big businesses, the banking system, the stock market, and agricultural production. Through the New Deal, acts were passed to stimulate the economy, aid banks, alleviate environmental problems, eliminate poverty, and create a stronger central government (“New”1).
The nineteenth century America was a period of history following a number of long lasting wars and also a whole new start to new changes in society. With the collapse of multiple nations that were in contact towards the United States, it paved the way for the growing influence and development for the United States, spurring military imperialism and conflicts, and advances in scientific exploration and technologies. Because of the ideas and resources that were began to spread, develop and flourish in areas of the western hemisphere, the nineteenth century also saw opportunities in construction, communication, and in particular the transportation systems. But as different aspects of society began to improve and that more and more freedom were in the hands of the citizens and government, the competitive market not only expanded in profit and wealth, but simultaneously faced minor conflicts due to the abuse of their rights and property. Because of the rise of new technological advancements and resources, railroads in the 19th century American society quickly boomed cities and came across as the most dominant source of transportation, as it predominantly played a role in the expansion of industry across the United States. Also, it was a movement most efficient in creating their own monopoly and was quickly adopted by many other countries that sought influence.
This decade, surrounded by great periods in US history such as the Gold Rush and the Civil War, was in direct correlation with everything around it, being greatly influenced by the Gold Rush and directly influencing the Civil War as well as making ripples throughout history. Understanding influential periods before the crisis of the crisis of the 1850’s, the substance of the discussion, and the ominous effects of the 1850’s crisis, it is difficult to deny the importance of that decade in American
Westward movement is the populating of lands, by the Europeans, in what is now known as the United States. The chief resolution of the westward expansion is economic betterment. The United States story begins with westward expansion and even before the Revolutionary war, early settlers were migrating westward into what is now known as the states of Kentucky,Tennessee, parts of the Ohio Valley and the South. Westward Expansion was slowed down by the French and the Native Americans, however the Louisiana Purchase significantly improved the expansion efforts. Westward expansion was enabled because of wars, the displacement of Native American Indians, buying land, and treaties. This paper will discuss the effects of westward expansion on domestic politics and on American relations with other nations.
Although not a natural resource, railroads were considered one of the key factors in almost every widespread industry. It allowed companies to quickly send products across the entire nation without using expensive and time-consuming caravans or wagons. Cornelius Vanderbilt was a prominent leader in the railroad industry at this time. He was already in his later years by the time the Gilded Age rolled around and didn't even get to see the uprising of some of the greatest leaders of the time. The railroad companies took advantage of their necessity by constantly overcharging customers, especially farmers. This led to one of the first labor unio...
During the 1800’s, America was going through a time of invention and discovery known as the Industrial Revolution. America was in its first century of being an independent nation and was beginning to make the transition from a “home producing” nation to a technological one. The biggest contribution to this major technological advancement was the establishment of the Transcontinental Railroad because it provided a faster way to transport goods, which ultimately boosted the economy and catapulted America to the Super Power it is today.
The growth of agriculture and railroads in Texas and in the United States helped form our economy today. Railroads today pass through a lot of Texas, and even in big cities like Houston or Dallas. Since there are so many farms and open farmland (especially in south and west Texas), railroads can carry the produce and livestock to their destination. James Watt invented the first steam engine in about 1769, and from then on, railroads were a must for transportation, since cars had yet to be invented. Railroads began to be built before the Civil War. It originally took about 6 months to get from the west of the US to the east, but now it only took 7 days. With railroads expanding all across the country, agriculture was affected in a mostly positive way. Now, crops and other goods could be transported by train anywhere in the US, and fast.
The years after the civil war left one half of America, the north, satisfied and the other half, the south, mostly dissatisfied. Therefore the last third of the nineteenth century, 1865-1900, was a time period in which America was mending, repairing, improving, reshaping, and reconstructing its society, economy, culture, and policies. Basically it was changing everything it stood for. This continual change can be seen in the following events that took place during this time. These events are both causes and effects of why America is what it is today. These are some examples: the reconstruction of the south, the great movement towards the west, the agricultural revolution, the rise of industrialism, the completion of the transcontinental railroad, and America's growth to gaining world power. All of these are reasons and events that characterize America as being an ever-changing nation.
After the depression America was in a state mass hysteria as the Wall Street crash had caused a massive crisis among the American public because the impact of the wall street crash caused 12 million people out of work, it also caused 20,000 companies to go bankrupt and there were 23,000 suicides in one year because of the wall street crash this was the highest amount of suicides in a year ever. The main aims of the new deal were Relief, Recovery and Reform, Relief was for the Homeless and Unemployed, recovery was for Industry, Agriculture and Banks and Reform was to prevent the depression form happening again. The structure of The New Deal was the First Hundred Days (1933) where he would focus on relief by helping the homeless and unemployed and recovery by helping industry, agriculture and banks, there was also the Second New Deal where he would focus on Reform, preventing the depression from happening again. Roosevelt believed that the government should help those people worst affected by the depression, this is why he created over 50 alphabet agencies to deal with the problems caused by the depression, this is why he introduced the new deal because he wanted to ease the pressure
The New Deal provided Americans with the assurance that things were finally changing. People were being employed, acts were passed, discrimination was addressed and women's opportunities were restored. Roosevelt's New Deal reshaped both the economy and structure of the U.S, proving it to be an extremely effective move for the American society with the economic security and benefits still being used
In response to the Great Depression, the New Deal was a series of efforts put forth by Franklin D. Roosevelt during his first term as United States’ President. The Great Depression was a cataclysmic economic event starting in the late 1920s that had an international effect. Starting in 1929 the economy started to contract, but it wasn’t until Wall Street started to crash that the pace quickened and its effects were being felt worldwide. What followed was nearly a decade of high unemployment, extreme poverty, and an uncertainty that the economy would ever recover.
The transcontinental railroad would eventually become a symbol of much-needed unity, repairing the sectionalism that had once divided the nation during the Civil War. The construction of the transcontinental railroad was also an extension of the transportation revolution. Once commodities such as gold were found in the western half of America, many individuals decided to move themselves and their families out west in search of opportunity. Not only did the railroad help to transport people, but it also it allowed for goods to be delivered from companies in the east. In the end, the American transcontinental railroad created a national market, enabling mass production, and stimulated industry, while greatly impacting American society through stimulated immigration and urbanization.
Transportation advances began a unification process across the country, both economically and culturally (Roark, 262). The United States finally started to take advantage of the natural resources of the land to benefit the economy. By having water powered equipment, the growth of factories mushroomed, but at the same time, caused a great issue with working conditions and the employment of women. Financing new ventures became an important facet during the market revolution. America’s money supply grew considerably, which led to increased investment opportunities.
It is worth examining how the New Deal period represented a significant departure from US government and politics up to then. From the start of Roosevelt's period in office in 1932, there was a widespread sense that things were going to change. In Washington there was excitement in the air, as the first Hundred Days brought a torrent of new initiatives from the White House. The contrast with Herbert Hoover's term could not have been more striking. By 1934, E.K. Lindley had already written about The Roosevelt Revolution: First Phase. Hoover, meanwhile, denounced what he saw as an attempt to "undermine and destroy the American system" and "crack the timbers of the constitution." In retrospect, it was only a "half-way revolution", as W. Leuchtenburg has written. Radicals have been left with a sense of disappointment at the "might have beens", in P. Conkin's words.
New laws and regulations were in placed to help the American people. Past Presidents had different opinions on what was best for the economy. Less of government involvement or more government involvement? Progressivism was a widespread of social activism and political reform across America. Government had a lack of regulations. So the working conditions were bad, no conservatives, and minorities did not have civil rights. The Government set up legislations and acts to solve these problems. Role of government was much more involved. People were getting their individual rights. The Great depression was an economic depression in the United States. Took place before WW2. Banks were failing and the government had a lack of involvement. President Roosevelt attacked the problem hands on. FDR setup legislation and regulations for the economy. It did not fix the problem. Eventually WW2 fixed the problem, because it put people back to work. The American people now expected the Government to help regulate the economy. Great societies was an idea placed in by President Johnson, Johnson wanted to fight poverty and get Americans back to work. Poverty and racial injustice was a problem in the country. Created new legislation and programs that created Healthcare Insurance, new Education system, Protecting the environment and the consumer, and a new immigration policy. The role of government continues to show that they have more control.The