Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Progressive and New Deal reforms
The New Deal the unanticipated consequences of new deal reform
The New Deal the unanticipated consequences of new deal reform
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Progressive and New Deal reforms
America and the Great Depression
1. Compare the ideas behind the protest movements of Huey Long and Upton Sinclair.
The Era of the Great Depression was one of both desperation and hope. Americans were desperate for a change, desperate for anything to come along that may improve their situation, yet hopeful that the light at the end of the tunnel was near. For many of those living in poverty during the 1930s, the “radical” leftist movements seen throughout the country appeared to be alternatives to the sometimes ineffective programs of FDR’s New Deal. Two such programs, Huey Long’s “Share Our Wealth” plan and Upton Sinclair’s End Poverty in California (EPIC) were fairly popular, mainly for their appealing alternatives to the current New Deal programs and ideals. Though the two movements were similar in some sense, both had different visions for the recovery of the American people.
Huey Long, two-time Senator of Louisiana, was founder of the “Share Our Wealth” plan. A redistribution of the nation’s wealth, the plan called for one third of the country’s money to be divided among all the people. In the early 1930s, 4% of the American population held 87% of the wealth. (Polenberg 127) Long’s plan called for an end to this imbalance. “None too poor, none too rich” was his slogan. (Polenberg 126)
The “Share Our Wealth” movement was made up of eight parts. A homestead allowance granted by the government to all families (and a limit on how large a family’s fortune could be), minimum family yearly incomes (and limits on excessive ones), better regulation of work hours (to prevent overproduction), an old-age pension, a balance between agricultural production and consumption, a pension for veterans and their disabled, ...
... middle of paper ...
...me president. Their programs however, did have lasting effects on the government at the time, causing it to shift towards the left in order to appease their supporters. The fact that two men with very different visions for the future of Americans could both be so popular while endorsing such radical changes only shows the true atmosphere of America in the Depression. Americans in poverty were willing to cling to any hope they could find, and though each did it in their own way, these men gave Americans that hope.
Bibliography
1. Biles, Roger. A New Deal for the American People. Northern Illinois
University Press. DeKalb, 1991.
2. Polenberg, Richard. The Era of Franklin D. Roosevelt 1933-1945. Bedford/St.
Martin’s. Boston, 2000.
3. Terkel, Studs. Boston, 2000.
4. Terkel, Studs. Hard Times. The New Press. New York, 1970
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security...
At the start of the Depression, many letters (mostly discouraging) were sent to President Hoover. These letters came primarily from well-to-do citizens, however some leftist workers’ letters found their way in as well. The well-to-do citizens agreed that the ultimate cause of the lower classes’ depression was their laziness and incompetence. On top of that, these well-to-do citizens thanked Hoover, probably because their money had gone unscathed (McElvaine, 38). Some opinions weren’t as favorable for the Hoover administration, however. Some people believed that “engineers may be intelligent but poor presidents” (pp. 43). Finally, the leftist parties did not appreciate the endeavors of the Hoover presiden...
Cecchetti, Stephen G. "Understanding the Great Depression: Lessons for Current Policy ." Monetary Economics (1997): 1-26.
The Great Depression was a period, which seemed to go out of control. The crashing of the stock markets left most Canadians unemployed and in debt, prairie farmers suffered immensely with the inability to produce valuable crops, and the Canadian Government and World War II became influential factors in the ending of the Great Depression.
Huey Long during a radio broadcast was explaining his populist plan of wealth redistribution to fix the country’s high poverty problem. Long then lists several solutions that he and the Share Our Wealth Society stand for. Long’s first solution is to regulate the minimum and maximum amount of wealth a family can have. With this, every family should have a house and live comfortably whether they are rich or poor. Next, Huey long proposes to control the amount of income a family could have. No family should have less than one-third of the average income, and that a family can’t earn more than three hundred times the average income. Then, Long suggests that everyone over the age of sixty should have
The rich tycoons of their society refused to share their money with the poor. Andrew Carnegie and Samuel Gompers both wrote their essays towards the wealthy with hopes to make a difference for the poor workers and unemployed. Rich tycoons would do anything to keep it for themselves, if it meant leaving it as inheritance
Great 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:
Americans had no savings at all(end note 3). Automotive industry mogul Henry Ford provides a striking example of the unequal distribution of wealth between the rich and the middle-class. Henry Ford reported a personal income of $14 million(end note 4) in the same year that the average personal income was $750(end note 5). By present day standards, where the average yearly income in the U.S. is around $18,500(end note 6), Mr. Ford would be earning over $345 million a year! This maldistribution of income between the rich and the middle class grew throughout the 1920's. While
October 29th, 1929 marked the beginning of the Great Depression, a depression that forever changed the United States of America. The Stock Market collapse was unavoidable considering the lavish life style of the 1920’s. Some of the ominous signs leading up to the crash was that there was a high unemployment rate, automobile sales were down, and many farms were failing. Consumerism played a key role in the Stock Market Crash of 1929 because Americans speculated on the stocks hoping they would grow in their favor. They would invest in these stocks at a low rate which gave them a false sense of wealth causing them to invest in even more stocks at the same low rate. When they purchased these stocks at this low rate they never made enough money to pay it all back, therefore contributing to the crash of 1929. Also contributing to the crash was the over production of consumer goods. When companies began to mass produce goods they did not not need as many workers so they fired them. Even though there was an abundance of goods mass produced and at a cheap price because of that, so many people now had no jobs so the goods were not being purchased. Even though, from 1920 to 1929, consumerism and overproduction partially caused the Great Depression, the unequal distribution of wealth and income was the most significant catalyst.
There were many primary causes for The Great Depression, Unequal distribution of money to the economy,
The Great Depression was a heavy economic depression in the decade before World War II. An economic depression is defined as a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology.[1] The Great Depression affected most national economies in the world throughout the 1930s.
Huey Long launched his “Share Our Wealth” idea in 1934, a platform deliberated to offer good standards of living to all citizens of the United States. The document was important in the efforts to recuperate the lost glory in the American economy without affecting the poor. Notably, Huey used the document to spread the idea of sharing the nation’s wealth equally among all people regardless of their economic status (Long, 2010). The purpose of the document was to arouse the need to set aside personal aspirations and set fourth fair platform for success to all citizens. The paper is important today because it calls for personal obligation to all people- the leaders and the led, women and men. When everyone acts on the same platform for the welfare
The cause of the Great Depression has been debated for many years. The actual cause of the Great Depression is a multitude of factors, there was no single cause. Several reasons for the Great Depression were supply and demand, the banking system, wages of workers, success and failure of business, government policy, excessive speculation in the stock market and the unequal distribution of wealth between the rich and the middle class. While there are many theories to what caused the Great Depression; all of these factors played a role in the Great Depression.
Andrew Carnegie does not believe wealth is distributed properly (Carnegie 485). In fact, he has a few different ideas of how to distribute wealth. In Carnegie’s essay, “The Gospel of Wealth,” he states, “There are but three modes in which surplus wealth can be disposed of .” The first way he suggests to dispose of wealth is to pass it down in the family after the one with wealth passes away. The second way to dispose of wealth is, after death, distribute it for public uses. The third and final way one can dispose of wealth is by giving it to others while he or she is alive. This idea most reflects the idea of a communist in the case that the surplus wealth is distributed and becomes the property of many. All of the above are different ways that Andrew Carnegie felt wealth could be distributed among people. He says that the third and final way to distribute wealth is a lot like the beliefs of Karl Marx in the sense that Marx strongly believes in communism.
The Year was 1933; millions of Americans were battling a great finical war defined as the Great Depression. The Great Depression was horrendous, no other panic or depression that taken place before can add up to the economic and social devastation that The Great Depression inflicted. However before the Great Depression even happened there was a Bull Market boom. A Bull Market means that a market in which share prices are rising, encouraging buying. So with bonds or stocks begin encourage to buy speculation can occur. Speculation is investment in stocks, property, or other ventures in the hope of gain but with the risk of loss. Usually speculation can cause a Stock Market to crash. On October 29, 1929 the Stock Market crashed and the Great Depression was sparked. Although how did the Great Depression even occur? Some say it was because of the Stock Market crashing while other come up with Conspiracy theories. Even though the Stock Market is a great contender to the Great Depression but what really caused the Great Depression to happen was consumerism, uneven disputation of income, and over production.