Unimaginable Poverty of the Great Depression

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The year 1920-1941 was an era of destitution in America. Even if the 1920’s were recognized as period of prosperity and new technology, the poverty that followed was unimaginable. The situation affected all types of people regardless of skin color and social status. When the banking system collapse people stopped spending in fear of loosing everything, because of this business owners had to reduce production as well as workers, as a result many lost their job and suffer in deep poverty. The seen of starving children and desperate parents on a street has become common. Americans fell in to despair, homelessness and suicide rate increased in a way that had never been seen before. (Foner, 790).
The best way to understand the then situation is to evaluate documents that reveal individual households that were destitute. I. L. M. Ida Moore writes one such document under the title “Bill Branch's Works Progress Administration Life History.” This document reviles how people were feeling desperate and helpless. The main informant in this document is Bill Branch who lost his job because of the economic depression. Expressing his desperation and disappointment in the relief programs government put in place he said, “They Don’t seem to be anyone around here to take any interest to us,….We just live here some of us half starving and the folks outside don’t seem to care” (Moore,1983). This was story of most households at the time. People wondered around without jobs and solely dependent on insufficient assistance from the government.
Just like the 1930’s today it is not a common thing a family struggling. Due to the 2008 financial crisis many has lost their house and jobs. Even if politicians keep telling us the economy is getting better, th...

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...conomic recession we can conclude that we learn very less from history. The same uncontrolled and market that resulted in the destitution of the 1930’s still caused the economy at large to claps for families to loose there savings, houses, and jobs. President Roosevelt took one of the great dissensions of the depression era when he announce the Emergency Banking Act and the Glass-Steagall Act which banded the involvement of banks in the stoke market (foner, 800). By taking such action Government was able to stabilize the financial system. But today politicians choose to ignore this great historic lesson that could have saved us from the national disaster that is still affecting many households. If they still are refusing to put a tougher control measure in place to control the banking system, we could end up in a worst situation than even what we have seen in 2008.
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