The New Deal

1343 Words3 Pages
bulb-icon

Recommended: The great depression free essay history

The Great Depression was the longest economic turn down known to history. It all started October 1929, the day the stock market crashed leaving people all over the nation in panic. President Hoover at the time was trying to get things up and running was not enough. The election on 1932 came with democrat Franklin D. Roosevelt winning the election in hope that he will help the nation and put an end to the Great Depression. During the 1930s and 1940s, Roosevelt’s need of change led to his “New Deal” to change the roles of government to put a stop to the Great Depression so it would never happen again.
On October 24, 1929 was the day that will change history forever. A sudden drop in all the stocks prices in the New York’s Stock Exchange left the people in panic. With everyone left in worry, a large amount of people started relying on the banks and taking out money as soon as the stock market crashed. This left banks all over the nation bankrupt. This day is known as Black Thursday. On October 29, the stock market lost over $5 billion in stock values with this leaving businesses and people in complete devastation about how to cope with this mishap. With banks going bankrupt there was people left living on the streets, people losing their jobs, businesses going bankrupt, and everyone not meeting their financial needs. This left Hoover to help and recover their losses over this huge dramatic change.
During the Great Depression, millions of people and civilians were out of work across the United States and had a great effect to the people. When there was at least one job opening, everyone would flee to that area applying for the same job all at once. Unfortunately, not every single person applying could get the job. Most people lives i...

... middle of paper ...

...al Industrial Recovery Act cut back production and made wages very high. This now made it more expensive for employers to hire people.
New Deal itself confronted one political setback after another granting people with jobs through the outcome of the acts that took place through the program. In the end of the New Deal, it never ended the Great Depression. It only helped people get jobs so people can recover and put out nation back on track. It benefited us today giving us better opportunities that we would not have without the passing of the New Deal. December 7, 1941, the Japanese bombed Pearl Harbor and we entered World War II. The war effort encouraged the American industry and ended the Great Depression (New Deal). The Great Depression will always be known as a horrible tragedy, but without it we wouldn’t have the support that is now still being taken place.

Show More
Related

  • FDR Election DBQ Essay

    524 Words  | 2 Pages

    In the Roaring Twenties, people started buying household materials and stocks that they could not pay for in credit. Farmers, textile workers, and miners all got low wages. In 1929, the stock market crashed. All of these events started the Great Depression. During the beginning of the Great Depression, 9000 banks were closed, ending nine million savings accounts. This lead to the closing of eighty-six thousand businesses, a European depression, an overproduction of food, and a lowering of prices. It also led to more people going hungry, more homeless people, and much lower job wages. There was a 28% increase in the amount of homeless people from 1929 to 1933. And in the midst of the beginning of the Great Depression, President Hoover did nothing to improve the condition of the nation. In 1932, people decided that America needed a change. For the first time in twelve years, they elected a democratic president, President Franklin D. Roosevelt. Immediately he began to work on fixing the American economy. He closed all banks and began a series of laws called the New Laws. L...

    Read More

  • Dust Bowl Dbq

    585 Words  | 2 Pages

    When “Black Tuesday” struck Wall Street on October 29th, 1929 investors traded 16 million shares on the on the New York Stock Exchange in just a day which caused billions of dollars to be lost and thousands of investors who got all their money wiped out. After the fallout of “Black Tuesday” America’s industrialized country fell down into the Great Depression which was one of the longest economic downfalls in history of the Western industrialized world. On “Black Tuesday” stock prices dropped completely. After “Black Tuesday” stock prices couldn’t get any worse or so they thought but however prices continued to drop U.S fell into the Great Depression, and by 1932 stocks were only worth about 20 percent of their value. Due to this economic downfall by 1933 almost half of America’s banks had failed. This was a major economic fallout which resulted in the Great Depression because it caused the economy to lose a lot of money and there was no way to dig themselves out of the hole of

    Read More

  • FDR's Response to the Great Depression

    1222 Words  | 3 Pages

    The stock market crash of 1929 set in motion a chain of events that would plunge the United States into a deep depression. The Great Depression of the 1930's spelled the end of an era of economic prosperity during the 1920's. Herbert Hoover was the unlucky president to preside over this economic downturn, and he bore the brunt of the blame for the depression. Hoover believed the root cause of the depression was international, and he therefore believed that restoring the gold standard would ultimately drag the United States out of depression by reviving international trade. Hoover initiated many new domestic works programs aimed at creating jobs, but it seemed to have no effect as the unemployment rate continued to rise. The Democrats nominated Franklin Roosevelt as their candidate for president in 1932 against the incumbent Hoover. Roosevelt was elected in a landslide victory in part due to his platform called "The New Deal". This campaign platform was never fully explained by Roosevelt prior to his election, but it appealed to the American people as something new and different from anything Hoover was doing to ameliorate the problem. The Roosevelt administration's response to the Great Depression served to remedy some of the temporary employment problems, while drastically changing the role of the government, but failed to return the American economy to the levels of prosperity enjoyed during the 1920's.

    Read More

  • Compare And Contrast The Great Depression And The New Deal

    1257 Words  | 3 Pages

    The Great Depression of 1929 to 1940 began and centered in the United States, but spread quickly throughout the industrial world. The economic catastrophe and its impact defied the description of the grim words that described the Great Depression. This was a severe blow to the United States economy. President Roosevelt’s New Deal is what helped reshape the economy and even the structure of the United States. The programs that the New Deal had helped employ and gave financial security to several Americans. The New Deals programs would prove to be effective and beneficial to the American society.

    Read More

  • The New Deal Dbq

    766 Words  | 2 Pages

    The New Deal was a set of acts that effectively gave Americans a new sense of hope after the Great Depression. The New Deal advocated for women’s rights, worked towards ending discrimination in the workplace, offered various jobs to African Americans, and employed millions through new relief programs. Franklin Delano Roosevelt (FDR), made it his duty to ensure that something was being done. This helped restore the public's confidence and showed that relief was possible. The New Deal helped serve American’s interest, specifically helping women, african american, and the unemployed and proved to them that something was being done to help them.

    Read More

  • Argumentative Essay On The New Deal

    946 Words  | 2 Pages

    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.

    Read More

  • The Great Depression and the New Deal

    986 Words  | 2 Pages

    ...onger had any savings left to live off of. The New Deal program enhanced the lives of Americans during the Great Depression and changed the role of the federal government. Most historians agree that the New Deal was what helped alleviate many of the problems during the Great Depression and has been said to have ended the Great Depression.

    Read More

  • Discuss how the historical, political and social setting of Harper Lee's

    2385 Words  | 5 Pages

    However, in 1929 when stocks had soared to an all-time high, in September they plummeted. This day in history is known as Black Thursday and is remembered as the Wall Street Crash of 29. The crash hit people's interests hard. and Americans all over lost a lot of money. Banks had to spend all of the money they had on regaining the economy, and agricultural needs.

    Read More

  • The New Deal

    1705 Words  | 4 Pages

    The stock market crash of October 1929 brought the economic prosperity of the 1920s to an abrupt halt. For the next ten years, the United States was thrown into a deep economic depression. By 1933, the unemployment rate had soared to 25%, up from 3% in 1929. Industrial production declined by approximately 50%, and international trade plunged 30%. This period in history is known as The Great Depression. The Great Depression plunged the American people into an economic crisis unlike anyone had ever experienced in history. Millions of hardworking individuals fell into poverty. Many lost their homes and lived on the street. Many more suffered from mass starvation. Overall, people lost their sense of pride and national spirit for America. President Franklin Delano Roosevelt took office in 1933, when the economy was in a time of complete failure. Right away, Roosevelt took to not only helping the economy but also reviving the American morale after this tough era. Roosevelt implemented a series of executive actions, creating programs and new Federal agencies to help revive the economy. Together this was called The New Deal. One of the agencies that was created was called The Works Progress Administration (WPA). The WPA was created in order to put millions of unemployed Americans to work through governmental projects. Over a period of 8 years, the WPA spent over 3.3 billion dollars on public projects, some of which are still used today. Simultaneously as the United States struggled valiantly to climb out of the Great Depression, the threat of another crisis, a World War, loomed over the US. In June of 1939, the United States army only had 185,000 men enlisted. The need for a stronger, m...

    Read More

  • Dbq Essay On The Great Depression

    1807 Words  | 4 Pages

    The Great Depression was the biggest and longest lasting economic crisis in U.S. history. The Great Depression hit the United States on October 29, 1929 when the stock market crashed. During 1929, everyone was putting in mass amounts of their income into the stock market. For every ten dollars made, four dollars was invested into the stock market, that's forty percent of the individual's income (American Experience). during 1929 the stock market was the best way to make money, most of american population invested in the stock market, and back then the government assured people it was the best time to buy houses since the stock market was booming.

    Read More

  • New Deal

    788 Words  | 2 Pages

    Franklin Roosevelt’s “optimism and activism that helped restore the badly shaken confidence of the nation” (pg. 467 Out of Many), was addressed in the New Deal, developed to bring about reform to the American standard of living and its low economy. It did not only make an impact during the Great Depression. Although, many of the problems addressed in the New Deal might have been solved, those with the long lasting effect provide enough evidence to illustrate how great a success the role of the New Deal played out in America’s history to make it what it is today.

    Read More

  • The New Deal

    1578 Words  | 4 Pages

    ... still be living in a time very similar to the Great Depression. However, the New Deal did help to solve America’s problems, it did not end the depression, unemployment, or poverty; it did provide a sense of security to American citizens, and insure hope in their country (“New Deal” 3).

    Read More

  • The New Deal

    1629 Words  | 4 Pages

    The New Deal period has generally - but not unanimously - been seen as a turning point in American politics, with the states relinquishing much of their autonomy, the President acquiring new authority and importance, and the role of government in citizens' lives increasing. The extent to which this was planned by the architect of the New Deal, Franklin D. Roosevelt, has been greatly contested, however. Yet, while it is instructive to note the limitations of Roosevelt's leadership, there is not much sense in the claims that the New Deal was haphazard, a jumble of expedient and populist schemes, or as W. Williams has put it, "undirected". FDR had a clear overarching vision of what he wanted to do to America, and was prepared to drive through the structural changes required to achieve this vision.

    Read More

  • The Great Depression Essay

    1508 Words  | 4 Pages

    The Great Depression was the deepest and longest-lasting economic downfall in the history of the United States. No event has yet to rival The Great Depression to the present day, although we have had recessions in the past, and some economic panics, fears. Thankfully, the United States of America has had its share of experiences from the foundation of this country and throughout its growth, many economic crises have occurred. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors ("The Great Depression."). In turn, from this single tragic event, numerous amounts of chain reactions occurred.

    Read More

  • The Causes Of The Great Depression

    1180 Words  | 3 Pages

    The Great Depression was a period of first-time decline in economic activity. It occurred between the years 1929 and 1939. It was the worst and longest economic breakdown in history. The Wall Street stock market crash started the Great Depression. It had terrible effects on the country (United States of America).

    Read More

More about The New Deal

Open Document