The problems that led to the great depression were the misdistribution of wealth and it was called as bull market. Bull market was based on the speculations and the success of the speculation lies if the stock market was in the rise though. Industries were not running in proper way.
The most powerful nation on the planet was on its knees. Many hardworking middle and lower class people lost their jobs. The depression had dramatic effects on families, businesses and especially the economy of the United States. Luckily we elected a President with the ability to will the country back to dominance, Franklin Delano Roosevelt.
Roosevelt had great ideas on how to bring this country back to life, in the form of the New Deal; an assembly of projects and programs to improve employment and bring back a sense of optimism to the American people. In October of the stock market crashed.
Forty percent of the value of stocks was lost. Although this happened politicians and many big wigs in the industry stayed faithful in the fact that economy would move forward.
They could not have been more wrong. Many Americans ended up losing their life savings. Stocks in New York were worth one-fifth of what they were worth just four years before. Factories, banks and even farms began to shut down. It got so bad that byone out of every four Americans was unemployed.
The Great Depression had a bad effect on family structure in the United States. Poor families were faced with the task of a lifetime, trying to survive.
They were almost no jobs for the man of the house to find to support his family. Many fathers who were the primary provider of income in the household went into a mental depression.
Some even went as far committing suicide. Children at this time were forced to assume more responsibilities. At one time only concerned with going to school and getting their education, now many young people felt compelled to take on the responsibility of financially supporting their family by getting jobs and in effect dropped out of school.
Lower class, middle class and upper class families were all in the same boat; and the upper class got a taste of how the poor people lived. In losing everything many families also lost their homes. This caused a lot of migration. With the constant migration and people settling from place to place came the construction of "Hoovervilles"; which were little communities made up of families on the move with little houses and huts made up of boxes, crates and any other scrap material that could be found.
With the country at its knees hope came in the form of a new president. President Roosevelt had simple philosophies; he thought just like the common citizen.
As a result of his illness he kept the feeling of being a common man, in a way you can say it kept him grounded. In Roosevelt was diagnosed with Polio which is a disease of the nerve cells of the brain, this crippled him.
At first he had no optimism in ever getting to live a regular life but he had that drive in his heart and he took the fact that he felt nothing could hold him back and applied it to politics.
If he could overcome he felt he could will the country to overcome anything.
He bridged the gap between the rich and the poor. He was ready to try anything that was needed to improve the economy of the country. He knew Americans were anxious for change and he wanted to be the man to bring that change.
President Roosevelt was a very inspiring orator, his speeches uplifted Americans and gave them hope that their lives would improve. This improvement would come in the form of The New Deal. Immediately after Roosevelt accepted the Democratic nomination for president inhe made his eminent announcement of his promise of a "New Deal".
The first sees to it that some of their prosperity will leak through That theory belongs to the party of Toryism But it is not, and never will be the theory of the Democratic Party.
He would speak very strongly of moving forward. The banking system was going downhill and property was being lost. Roosevelt believed that the American way was that every man has the right to own his own property. He applauded their achievements in industry and agriculture and especially how they excelled in the field of education.
With talk of the New Deal many questions arose.The Great Depression This Article Review The Great Depression and other 64,+ term papers, college essay examples and free essays are available now on caninariojana.com Autor: lburow • December 6, • Article Review • 1, Words (8 Pages) • Views.
The Great Depression This Article Review The Great Depression and other 64,+ term papers, college essay examples and free essays are available now on caninariojana.com Autor: lburow • December 6, • Article Review • 1, Words (8 Pages) • Views.
This abruptly increase was caused by the crash on Wall Street market and the past crises. The author also mention that is was too difficult for one quarter of women to find a job to help to support their families, so the poverty and consumption of commodities decrease as well, leading to an overabundance of [ ].
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ESSAYS, term and research papers available for UNLIMITED access. The Great Depression and the New Deal Essay - Great Depression The Great Depression and the New Deal In response to the Stock Market Crash of and the Great Depression, Franklin D.
Roosevelt was ready for action unlike the previous President, Hubert Hoover. Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background.
This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions .