How the New Deal Transcends Mere Economic Statistics
analytical Essay
1650 words
The Great Depression of the 1930s is a period in history that will never be forgotten all around the world. It is described as the worst economic slump ever to have an effect on the United States, and as a result the rest of the industrialized world. The Depression brought with it a number of consequences for instance a huge decline in the standards of living of the working class, the disintegration of numerous nations' economies and mass political disturbance and division. The Great Depression was most likely the most distressing economic catastrophe in history of the United States. As the 1920s continued, a number of people were forced to face severe problems that threatened the economy. In spite of the fact that quite a few people became wealthy, several others could hardly scrape up to maintain a satisfactory living standard. Numerous significant businesses struggled to survive. Consumers were caught with deep debts. As the 1930s drew near, it was obvious that the economy was wavering. The definite cause of the Great Depression is not only the simple Wall Street crash, but there are numerous other factors like the decline in foreign trade, the overproduction of goods as well as the uneven distribution of wealth during the 1920s. Consequently, attempts to discover ways out of this global catastrophe were the source of a great deal of discussions and disagreements for much of the depression period. The apparent wealth of the late 1920s obscured a lot of weak points that would indicate the commencement of the Great Depression. Numerous events suggested the start of the depression. Industries for instance railroads, textiles, and steel could hardly manage to generate an income. New kinds of transportations like trucks, buses,... ... middle of paper ... ...nto an active instrument of social justice and laws to protect Americans from excesses of liberal capitalism. Thus, greatest success of New Deal lay in the fact that it gave hope to the people and they were happy that a man had stood up for them. This faith and hope gave a huge boost to the American public. If figures of 1933 are taken as a baseline for study, there was a significant rise in consumer confidence and private investment in subsequent years. The New Deal programs and Great Depression ended because of increase spending during World War II. This can be termed as an intensified version of government policies in the New Deal. In the short term, it can be said that New Deal alleviated those suffering most from the events of Depression. In the long run, it set a precedent for government interference to take control of social and economic affairs of a nation.
In this essay, the author
- Explains that the agricultural adjustment act raised crop prices by eradicating surplus generated. the government rewarded farmers $200 million to cultivate less than 10 million acres of crop.
- Explains that civilian conservation corps provided employment opportunities to young men to build up parks, plant trees, and other projects to avoid another dust bowl.
- Explains that nira provided money to several states to offer employment in the construction of community buildings.
- Explains that it provided insurance to people who were retired and of the age of 65 years or older.
- Describes the great depression as the worst economic slump ever to have an effect on the united states and the rest of the industrialized world.
- Explains how the great depression impacted america's economy, and how other european countries faced high war debts.
- Explains that president herbert hoover was opposed to any type of federal welfare. he and directors of business, banking, and labor worked collectively to improve the economy.
- Analyzes how the second new deal helped the economy by spending at the bottom, and the national labor relations act prevented intimidation and coercion in breaking up unions.
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- America's Dark Period of the Great Depressionexplanatory essayThe Great Depression is one of the darkest periods in America’s history. It was a time of despair for all Americans. The Great Depression was caused by various reasons. It also had many effects which left an impact on America still up to this day. At that time, there was no abundance of anything: not jobs, not food, and certainly not an abundance of money, but there was surely an abundance of sadness. America had no hope since the money was a thin, green line. The Great Depression impacted the economy, unemployment rate, other foreign countries, and the many lives of the people. The monstrosity officially began on October 29, 1929.
In this essay, the author
- Explains that the great depression was one of the darkest periods in america's history. it was a time of despair for all americans.
- Explains that the stock market crash of 1929 was the most major cause that led to the great depression.
- Explains that banks began to fail after the stock market crash, leaving banks with no or little money to give to businesses and farmers.
- Explains that people were worried about their money. they stopped buying unnecessary or luxury items to save money and help support their families. the reduction in purchasing items eventually led to a decrease in the work force, which increased the unemployment rate.
- Explains that americans blamed herbert hoover for the crisis. the hawley-smoot tariff increased taxes on imported goods in america, which led to a decrease in trade with other foreign countries.
- Explains that hoover tried to decrease the unemployment rate by creating more jobs, but it made the economy suffer even more than it already had.
- Analyzes the effects of the great depression on the economy, unemployment rates, and people's lives.
- Explains that the great depression affected america, germany, france, south africa, and canada. these countries depended on america's trade and went into some small crisis.
- Explains that the great depression took a lot of hard work to get america to where it used to be. franklin delano roosevelt, aka fdr, got elected easily, in hope of getting america out of the crisis.
- Describes how fdr shut down banks and established the new deal, which helped improve america's economy. the great depression didn't end until world war 2.
988 wordsRead More - The Great Depression and the New Dealexplanatory essayThe Great Depression was in no way the only depression the country has ever seen, but it was one of the worst economic downfalls in the United States. As for North America and the United States, the Great Depression was the worst it had ever seen. In addition to North America, the Depression greatly affected Europe and other various countries throughout the world significantly during the 1920’s and 1930’s. The Great Depression was caused by the collapse of the Stock Market, which happened in October of 1929. The crash exhausted about forty percent of the paper values of common stocks. It was the worst depression due to the fact that at the time of the Great Depression the government involvement in the economy was higher than it had ever been. A unique government agency had been set up exclusively to prevent depressions and their related troubles for instance bank panics. All of ...
In this essay, the author
- Opines that herbert hoover's actions were passed by congress and signed by himself, including the smoot-hawley tariff, which raised tariffs.
- Explains that roosevelt set up numerous programs to bring america back from the depression. the new deal helped alleviate many of the problems during the great depression.
- Explains that the stock market crash of 1929 caused the great depression, allowing herbert hoover and franklin d. roosevelt to take some action as president.
- Explains that franklin d. roosevelt was ready for action in response to the stock market crash of 1929 and the great depression, unlike the previous president, hubert hoover.
986 wordsRead More - FDR: The New Dealexplanatory essayOutline Thesis: The various programs created by FDR’s New Deal helped bring the United States out of The Great Depression. Paper Outline Intro Who was FDR Why was he popular
In this essay, the author
- Analyzes how the various programs created by fdr's new deal helped bring the united states out of the great depression.
- Explains how franklin delano roosevelt's new deal helped bring the united states out of the great depression.
- Explains that stock market speculation caused the great depression in the united states from 1929 to 1945. people bought stocks with money loaned from banks, and used these stocks as collateral to buy more stock.
- Explains that the economy at that time was not steady and national wealth wasn't distributed evenly. supply became greater than demand on products, and prices went up.
- Explains how the emergency banking act and the federal deposit insurance corporation helped re-establish american faith in banks.
- Explains how fdr brought in harry l. hopkins, known for his ability to get to the bottom of a problem quickly, to help support deteriorating relief programs in each state.
- Explains that the civil works administration, or cwa, created jobs for people to work on building or repairing roads, highways, parks, bridges and other public facilities.
- Explains the civilian conservation corps, or ccc, which was brought about mainly by hopkins. it required a specific screening of candidates to work on public projects.
- States that the men had to be u.s. citizens between the ages of seventeen and twenty-seven, out of school or work, capable of physical labor, over 60 inches but under 78 inches in height, more than 107 pounds in weight, and possess no fewer than three serviceable natural masticating teeth above and below.
- Explains that many war veterans seeking bonuses in washington d.c. were offered jobs regardless of the age limit. they left hopeless lives of poverty to work, learn and improve living conditions.
- Explains that the roosevelt administration turned its needs to helping business and industry. the national industrial recovery act, or nira, created the national recovery administration, nra, and the public works administration.
- Explains that business was insured by the securities and exchange commission, which mandated disclosure of all information on stocks being sold. the government and congress also gave the federal reserve board ity to manage the purchase of stock "on margin."
- Explains how the agricultural adjustment act gave farmers subsidies in exchange for a reduction of certain products. as prices rose, farmers could make new loans and remain in business.
- Explains how senator george w. norris of nebraska helped establish the tennessee valley authority, which produced electricity, created engaging recreation areas, and manufactured fertilizer.
- Explains roosevelt's social security act, which provided pensions for old-age workers and created unemployment insurance for people who were out of work.
- Concludes that fdr's new deal helped create programs that ended the great depression.
- Cites boardman, fon w. the thirties: america and the great depression. new york, henry z. walck, inc., 1967.
2042 wordsRead More - American Culture and Lifestyle During The Great Depressionexplanatory essayThe Great Depression was one of the most important historical events that has happened within the last century that impacted every Americans life one way or another. There were many factors that could be an explanation of why The Great Depression happened, but there is no one definitive list of the reasons of what caused The Great Depression. It was a mixture of events in the United States and outside of it that probably led to this period of time to happen. The main reason that everyone could agree on was the event of the Wall Street Crash of 1929. Because of The Crash, it made people go on a bank run which made thousands of banks to close because they simply did not have all the money for all the people wanting to withdraw their savings. Because everyone was trying to take their savings out, most people were turned down by the bank and essentially lost of their savings in the bank. The banks were failing and because they had no more money left, this stopped the banks from having available credit for people to use which made matters even worse for the people. This leads people to poverty and were left with nothing. Because people were poor and were scared of spending their money now, it made people stop buying extra things that weren't essential to live. This was the cause of the unemployment rates during this time period because if no one was buying anything, then there was no reason to keep extra workers for things people are not buying.
In this essay, the author
- Explains that the great depression was one of the most important historical events within the last century that impacted every american life one way or another.
- Explains that the smoot-hawley tariff act of 1930 increased the tariff rates on almost everything that was imported from other countries. the dust bowl caused massive destruction of american agriculture.
- Explains that even though the great depression officially started at the end of 1929, things were already tough on the americans. the smoot-hawley tariff ruined a lot of the world economy.
- Analyzes how the start of world war ii helped end the great depression in the united states by creating millions of jobs for americans. sports and entertainment became different, but people were waiting for change.
- Explains that entertainment became less important during the great depression, but it was also an escape for people. the government tried to get some of the entertainers back to work through programs.
- Describes how e. y. harburg was affected by the stock market crash and shut down his company with lots of debt. ira gershwin suggested him to start writing song lyrics for the song brother, can you spare me a dime?
- Describes how they were relieved when the crash came. they were released. being in business was something they detested. when they found that they could sell a song or poem, they became me.
- Explains that jazz was a big part of the music industry at the time and they would listen to songs like it don't mean a thing and all of me by louis armstrong.
- Explains that books were a great way for people to escape reality, since they dealt with issues like the common person during the great depression.
- Explains that baseball was the most popular sport in america back then, but the numbers in the audience were almost cut to half during this time. football was another good sport for people to watch.
- Explains that the 1932 summer olympics were held in los angeles and many of the athletes were not able to attend because they had no way to pay the travel fee's.
- Explains that children would play outside without toys and play cheap board games like scrabble and monopoly. the family could get hours of entertainment with the radio.
1532 wordsRead More - The Great Depression Essayexplanatory essayThe Great Depression occurred from 1929 and lasted to the early 1940’s. It was a deep and tragic period of time where everyone was affected in some capacity. This period marks the longest most widespread depression in American History. It has devastating effects to both the rich and poor. Cities all around the world were hit hard by this crisis.
In this essay, the author
- Explains that the great depression occurred from 1929 and lasted to the early 1940's. it was a deep and tragic period of time where everyone was affected in some capacity.
- Explains that before the great depression, the united states was flourishing with technology and consumer spending. the roaring twenties brought prosperity to the economy.
- Explains that life expectancy began to decrease during the 1920s. suicide peaked when unemployment rose. men felt useless and worthless to their families once they lost their jobs.
- Explains that the jazz period took its wings in 1933. the eighteenth amendment prohibited alcohol, even though it did not ban the consumption of alcohol in most households.
- Opines that the grapes of wrath, written by john steinbeck, was their favorite book about the great depression.
- Explains that the great depression began with the stock market crash of 1929. stockholders lost more than 40 million dollars two months after the crash.
- Explains that over the 1930's more than 9,000 banks had failed. with people spending less money, fewer items were produced, and thus less jobs were needed. the drought conditions in the mississippi valley contributed to the loss of farmers land.
- Explains that the smooth-hawley tariff act stopped european trade due to high taxes on importing. it was not productive and not helping the depression.
- Explains herbert hoover was the president at the time of the stock market crash. he founded government agencies, supported local aid for public works, appealed to every outside source for funding except the federal government.
- Explains that investors started taking their money out of banks because they didn't feel safe. hoover and his administration did their best to fix the situation.
- Explains that president roosevelt introduced "the new deal" to announce a four-day bank holiday and addressed the public over the radio. he thought it was important for the american people to know what was going on.
- Explains that he needed reform and to protect the banking industry. he created the fdic (federal deposit insurance corporation) and the sec (securities and stock exchange).
- Explains that fdr produced a series of programs to boost the economy and create jobs for the people in 1933 when he took office. there are ten major programs that helped accomplish these goals.
- Explains the ccc, the civil works administration, and the national recover act.
- Explains that fdr enacted as many programs as possible to help the recovery of the banks, unemployment, and losses that everyone felt. he put into effect the emergency banking act.
- Explains that the new deal led to increased federal regulation, introduced many programs for the labor force, and a growing power of labor unions.
- Analyzes how fdr's wife, eleanor, was a strong advocate for black rights but the new deal programs prohibited discrimination. she helped her husband during his presidency.
- Explains that fdr created various programs to address the high rates of unemployment and poverty that echoed across the united states.
- Explains that fdr initiated a series of programs for the homeowners, such as the hola (home owners loan act) of 1933 and the fha (federal housing act).
- Explains that the united states housing act created the u.s. housing authority and built public housing. shanty towns were created for people who could not afford to live in their homes.
- Explains that the great depression was the worst economic crisis in the u.s. world war 2 ended the depression with better balanced markets and lower taxes.
- Opines that after many years of hardships and recovery, our world is standing tall. the depression was definitely a gruesome and difficult time for many.
1558 wordsRead More - Depression: The Worst Breakdowns Of The Great Depressionanalytical essayMany people believe that the Great Depression was one of the worst breakdowns that has ever happened to the American economy. Scholars today know this, but still do not fully comprehend all the miniscule and major events that led this to happen which consisted of the stock market crash, high unemployment rates, low product value plus no sells, and bank failures. The Great Depression took place in the United States in the year 1929 and it lasted around a total time period of 10 years.
In this essay, the author
- Explains that many people believe that the great depression was one of the worst breakdowns that has ever happened to the american economy.
- Analyzes how the great depression affected everyone in america differently. wealthier americans didn't know how much the lower class was suffering.
- Explains that farmers in the bible belt region were unable to deliver their crops and make a living due to the lack-of-money problem.
- Explains that the dust bowl impacted texas, kansas, oklahoma, and part of colorado. due to the lack of rain and over planting, the soil began to dry up and change into dust particles.
- Explains that in the 1930's over 9,000 banks were shut down due to people retrieving their investments and also deposits were being erased with a total loss of around seven billion dollars.
- Explains that consumerism contributed a great deal to the great depression. the recession of product sales and overstocked products led to companies firing workers and closing banks.
- Analyzes how the 1929 stock market crash contributed to the great depression, which resulted in a drop in consumer output and high unemployment.
1505 wordsRead More - The New Deal Reformsargumentative essayThe United States faced the worst economic downfall in history during the Great Depression. A domino effect devastated every aspect of the economy, unemployment rate was at an all time high, banks were declaring bankruptcy and the frustration of the general public led to the highest suicide rates America has ever encountered. In the 1930’s Franklin D Roosevelt introduced the New Deal reforms, which aimed to “reconcile democracy, individual liberty and economic planning” (Liberty 863). The New Deal reforms were effective in the short term but faced criticism as it transformed the role of government and shaped the lives of American citizens.
In this essay, the author
- Explains that the united states faced the worst economic downfall in history during the great depression. franklin d roosevelt introduced the new deal reforms, which aimed to "reconcile democracy, individual liberty and economic planning."
- Analyzes how franklin d. roosevelt realized large corporations who gained monopolies were gaining immense influence on matters concerning government and the daily lives of american citizens.
- Explains that fdr's new deal reforms included the national industrial recovery act, agriculture adjustment act and social security act.
- Explains that the agricultural adjustment act regulated the production of "major crops" and introduced set production quotas to ensure production was as less as possible.
- Explains that the social security act of 1935 was introduced as a relief program as part of the new deal.
- Explains that the supreme court was fdr's biggest critic on his new deal reforms.
- Concludes that the new deal reforms expanded the role of the federal government, giving it more control over social issues like welfare and scrutinizing the economy when it saw permissible.
1052 wordsRead More - Causes of the Great Depressionexplanatory essayThe Great Depression was the most catastrophic economic disaster in American history. It affected all of the US from sea to beautiful shining sea. Old and young, rich and poor, black and white, everyone suffered the consequences of the over extravagant Roaring Twenties. Businesses closed, everyone was up to their neck in debt, banks failed, and the mid-west was soon a dust bowl from over farming and reclaimed equipment. With the Smoot-Hawley Tariff in place, deflation, everything imaginable bought on credit, and unreliable loans, everything adding up eventually led to the stock market crashing and the Great Depression.
In this essay, the author
- Explains that the great depression was the most catastrophic economic disaster in american history. it affected all of the us from sea to shining sea.
- Explains that the great depression was caused by the smoot-hawley tariff, which inflated the price of imported goods up to fifty percent.
- Explains that credit buying led to mass consumer debts, unreliable (or unpaid) loans, and a multitude of banks failing.
- Explains that americans were too ignorant to realize what was happening is a pretty valid cause for the great depression.
- Explains that the great depression was the most catastrophic economic disaster in american history, and was highly avoidable.
710 wordsRead More - Stock Market Bubbleanalytical essayGreat depression was one of the worst and first blow to the global economy. Initiated in 1930, the global economy witnessed a economic collapse. This kind of economic failure was never experienced before and the one that started in 1930’s lasted till 1939 and the magnitude of after effects were extreme and harsh for liberal and democratic economies. Most of major global economies were shaken with total production falling by 25-30%, unemployment rates touching sky high with 25% in USA and UK and 40% in germany. Stock Market Crashes, Bank Failures and a lot more left the governments ineffective and this lead the global economy to what we call today- ‘’Great Depression’’.
In this essay, the author
- Explains that the great depression was the first blow to the global economy. it started in 1930 and lasted until 1939.
- Explains how the us economy grew tremendously during and post the war, and how it became world's biggest credit nation.
- Explains that lionel robbins blamed the collapse of gold standard for the great depression in the global economy.
- Argues that it was not the economy to be blamed for the great depression as there were many polic mistakes after the war that forced the global economy into depression.
- Argues that depression lasted longer than it should have. after 1933, the global economy saw a rise in productiviy growth and stable liquidity, stable banking system, and no deflation.
- Explains matziorinis, kenneth, and ohanian, lee e. the causes of the great depression: a retrospective.
1185 wordsRead More - The Great Depressionexplanatory essayGreat Depression was one of the most severe economic situation the world had ever seen. It all started during late 1929 and lasted till 1939. Although, the origin of depression was United Sattes but with US Economy being highly correlated with global economy, the ill efffects were seen in the whole world with high unemployment, low production and deflation. Overall it was the most severe depression ever faced by western industrialized world. Stock Market Crashes, Bank Failures and a lot more, left the governments ineffective and this lead the global economy to what we call today- ‘’Great Depression’’.(Rockoff). As for the cause and what lead to Great Depression, the issue is still in debate among eminent economists, but the crux provides evidence that the worst ever depression ever expereinced by Global Economy stemed from multiple causes which are as follows:
In this essay, the author
- Explains that the great depression was one of the most severe economic situations the world had ever seen. stock market crashes, bank failures, and a lot more, left the governments ineffective.
- Explains that the us economy boomed during and after world war i, leading to mass investments in stock markets. the federal reserve raised the interest rate sof loanabel funds, which depressed interest sensitive spending.
- Explains that economists believe that the great depression was the cause of ill effects of abandoning gold standards.
- Explains that the great britian was largely affected by the gold standard after it abandoned the use of gold standards in 1925.
- Explains that us economy invested heavily in new and growing sectors of europe and gemany through foreign direct investment. however, at times of stock bubbles burst and mass insolvency of us firms, us credit flow to other nations was largely reduced.
- Explains that the great depression lasted for around 10 years from 1929 to 1939. after 1933, the global economy saw a rise on output levels, stable liquidity, and increased consumer demand.
- Explains ohanian, lee e. why did the great depression last so long?
944 wordsRead More