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the great depression of the 1930
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During the 1930’s, Americans were going through what was known as the Great Depression. Once the stock market crashed after investors lost security and confidence so in October 1929, the economy fell. Since the economy was great during the 1920’s, people were not prepared for the economic hardship. Many people had no savings so they could not deal with the loss of money. They lost their jobs and homes and were impacted psychologically and physically. Not only did they have to deal with the loss of money, they had to deal with one of the greatest natural disasters (America: The Story of Us, 2010). Families ended up being extremely affected by the Great Depression.
After the stock market crash and the fall of the economy, many people lost their jobs and had to deal with unemployment. About 1.5 million people became unemployed. More than half the population, eighty percent in many states, had no savings, people lost almost everything (America: The Story of Us, 2010). Since they lost their properties they ended up moving into shanty towns where they had to wait in bread lines to obtain even the smallest amount of food to support themselves because food and basic necessities were becoming difficult to get. Unemployment led to nuclear families
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Children and teens were kicked out by their guardians, forcing them to get jobs and take care of themselves because their families could not provide them with enough food to survive. Then before the old man could start giving any more hints, I scrams (Minehan, p.37-38). They were forced to make a living on their own and occasionally had to steal in order to survive but some tried to avoid that. While the necessities of life are forcing many young tramps to beg and steal or to starve, many clever ones are doing neither (Minehan, p.129-131). Families were no longer families because people were individually trying to survive through such a harsh
The young, recently married farmers living in the Great Plains during the 1930s had a terrible life. First off, being married meant having multiple people to provide for. This is more responsibility, and leads to dividing up the food between family members. Then, the country was also in an economic downturn, so the price of food and crops were low. Farmers already had debt because of new machines and land that was purchased during World War I to keep up with the demand during the war. Then the depression caused banks to fail, so farmers lost all their money that was in the bank. Everyday life was treacherous, and there were few amenities in the home, with no plumbing or electricity. Life was awful for a farmer during the Great Depression.
The economy during the thirties was very bad in America. At the end of the last century, in 1929, the stock exchange crashed. It is referred to as the Wall Street crash and the collapse of the NY stock exchange, but most importantly it started the Great Depression. Every day there were more bankruptcies and layoffs. Even big, seemingly indestructible companies were in danger. Companies like Industrial Steel. They had to lay off 225,000 workers. The Great Depression hit everywhere and everyone. There was no food and no money. People rushed to the banks to get their savings, but there was no money to get. Nine million savings accounts were wiped out. Bank failures crushed tens of thousands of people. Everyone was selling all they had. Half the families in the United States were facing eviction. Four million United States families were without means for one year after the crash. Hoovers theology was that if America was left alone, it would right itself. So he did nothing. When Roosevelt became president, he closed down all the banks and rushed them two billion dollars, then reopened them. Roosevelt, although this was not enough to fix what the crash had done to America, attempted to bring America back from the brink.
The Great Depression was due to the stock market crashing and the fear of risking what was left and decided to but a pause on any economic activity. Throughout this time period we elected two Presidents, Herbert Hoover and Franklin D. Roosevelt. Throughout the Depression Roosevelt had the most effective policies than Hoover.
Following the decade of economic prosperity and peace of the Roaring 20’s was the 1930’s which is commonly known as the Great Depression, an era of distress and instability that played an effect on altering the social, political, and economical infrastructure of the United States. Before the Great Depression, the United States was a representation of a consumer-driven society, with people loaning money from banks, in order to pay for luxurious items, they could not afford. However, in 1929, the stock market crashed, resulting in the nationwide closures of multiple banks and marked as the begin of turmoil for Americans. With the burden of the nation on the backs of all Americans, the meaning of life was changed and people waited day by day for the government to act and steer the nation back on the track for economic and political stability and progress, to be a
The Great Depression was just that, great. It was a unique experience that America has only gone through once… or perhaps twice? Maybe the 2008 American economic crisis did not lead to a recession at all; maybe it led to a second Great Depression. Of course that’s utter insanity, because everything from the numbers to the feelings show that 2000-2010 was nothing like the twenties and thirties. Realistically the most recent American recession was a barnacle on the whale of the Great Depression. Children of the recession can confirm to you that very little was similar to their twenties brethren. There was no widespread disgrace and debilitating state off living, there was only mild annoyance.
In the 1930’s many horrible things happened to the economy, and all sorts of people. Many became unemployed and were struggling to get money, food, and other necessary items to survive. All of these items were hard to come by in those days because of the stock market crash. Once the stock market crashed about $140 billion just simply vanished. This caused many immigrants to be sent back home, and the buying and selling of materials very difficult.
During 1928, the stock market continued to roar, as average price rose and trading grew; however as speculative fever grew more intense, the market began to fall apart around 1929. After the stock market crash, a period began that lasted for a full decade, from 1929 to 1939, where the nation plunged into the severest and the most prolonged economic depression in history - the Great Depression. During this inevitable period, the economy plummeted and the unemployment rate skyrocketed due to poor economic diversification, uneven distribution of wealth and poor international debt structure.
The years berween 1929 and 1933 were trying years for people throughout the world. Inflation was often so high money became nearly worthless. America had lost the prosperity it had known during the 1920's. America was caught in a trap of a complete meltdown of economy, workers had no jobs simply because it cost too much to ship the abundance of goods being produced. This cycle was unbreakable, and produced what is nearly universally recognized as the greatest economic collapse of all times. These would be trying years for all, but not every American faced the same challenges and hardships. (Sliding 3)
The Great Depression was the greatest economic downturn America had ever faced. With the fall of the stock market in one day the entire country was in chaos. People’s entire life saving as well as plans for the future were destroyed in minutes. This paper will discuss how The Great Depression affected family dynamics and everyday life as the result of economic hardship.
Family pressure during the great depression was unlike any the U.S. has ever seen. Everything about families changed in the 1930s. Couples during the depression delayed marriage, and at the same time the divorce rates dropped because people could not afford to pay for two households. Birthrates also dropped and for the first time in American history below the replacement level. Income was closed to none in all families; regular income had dropped by 35% just in the years Hoover was in office. Families had a lot of stress; some pulled together and made do with what they had others pushed away. People turned to who ever they had, family, friends, and after all else the government. Although there were rich people in the depression as well that the depression did not effect at all who were oblivious to the people suffering around them. By Franklin Roosevelt’s inauguration the unemployment rate was up to 25% only increasing till the 1940s. Within families the role played changed as well. Women and children were now working to put bread on the table. Fathers would despise sons for becoming the main source of income for a family. Unemployed men had a deep lack of self respect. That often led them to running away from there families forever. Because many men ran out or stopped caring the women’s role was enhanced and became working women. Black women found it easier to find work a servants, clerks, textiles, workers, ect. Work made all women’s status go up in their homes. Most mi...
Do you know what it’s like to live in a cardboard home, starve, and raise a family in poverty? Unfortunately, most Americans in the 1930s went through this on a day-to-day basis. In 1929 the stock market crashed. Many people lost their life savings; they invested everything they owned in a failing stock market. The country was falling, everyone needed strong leadership and help from the government.
United States were all also affected differently once the Depression ended. I feel that the
rural lifestyle and moving to cities where they could find work, but lived substandard lives.
Where do we go from here? How does America pick up the pieces of the past and move forward? Our most recent economic trouble occurred in 2008, most likely as a result of the failing housing market. America has still not yet fully recovered after almost 6 years. The worst economic trouble in our nation’s history was referred to as The Great Depression between the 1920s and 1930s. During this period, the Stock Market was the final straw that caused the economic bubble pop and the market to collapse. Many people are unknowledgeable about what it means to be financial literate, and in order to survive future generations will need it and know how to put it into affect. They say, “History repeats itself”; I believe
Over a period of 10 years, people lost their jobs, due to the stock market crash. As a result, they did not have the money to buy goods, so more businesses closed. Landlords evicted tenants from their apartments and banks repossessed people’s belongings and houses, because the people could not pay the rent or mortgage. The children who experienced suffering in this story gave a solemn example of a runaway youngster’s low chance of survival in the event of another Great