What did the Great Depression consist of? The Great Depression was one of the worse time frame in history. Citizens lost their jobs, homes, some lost their lives, companies were shutting down, and many people starved. Once the stock market went low things went downhill after that. It did not matter if you were poor, rich, or even middle class. It affected almost everyone in the entire country which has a high population. The government lost their people’s trust and had to earn it back. The Great Depression had a big impact in the world, but it was not a good one. People lost their jobs, their houses, some starved, many people were homeless, and even lost trust in the government. Herbert Hoover the president for the beginning part of the depression was not a very good one. He did not give the country they help that they needed because he wanted them to figure things out on their own. At this time when people had nothing they needed hope in which he was not given. During a time like this the people could really use some help and hope. …show more content…
Herbert Hoover, who was president lost the country’s trust when the stock market went south. At first he thought it would be a temporary drop in the stock market, but he was wrong (“Hayes”). It lasted for a long time and effected all people no matter if they were rich or poor (“Hayes”). Even as more people lost money and lost their jobs still Hoover did nothing about it. Some people ended up living in tents, and soon when there was a whole neighborhood making shelter they called it hoovervilles. Hoovervilles were named after president Hoover because they were poor neighborhood made of boxes (“Hayes”). Hoover thought that if he gave the people help that the government would go into debt. (“Hayes”). At this point people lost all hope and faith in themselves and in the
The Great Depression was a huge economic downfall in North America and involved many other industrialized countries of the world. The Depression began in 1929 and lasted for about ten years. Millions of people lost their jobs along with many businesses going bankrupt. The common misconception of the Great Depression is people think that the stock market crash was the main cause for it. There were many causes for the Depression; unequal distribution of money during the 1920’s was the main cause of the Depression. This unequal distribution happened on many different classes of people. The imbalance of money is what created such an unstable economy. The stock market was doing much worse than people thought
Thesis: Hoovervilles were named after President Herbert Hoover because the American people felt he was responsible for the Great Depression, although the irresponsibility of brokers, bankers, and other people in power contributed greatly.
Surviving the depression was very difficult. No one had money, no one had homes. People live in places called Hoovervilles. A Hooverville was a shanty town built during the Great Depression by the homeless. Hoovervilles were named after Herbert Hoover, the president during the Great Depression and who was widely blamed for the depression (Dawes). Hoovervilles were raided, ordered by park departments or other authorities, and the men who carried out the raids often expressed regret and guilt for their actions, but more often than not, Hoovervilles
The Great Depression was a time period when the US economy was in bad conditions. It lasted from 1929 to 1941, 12 years. The Great Depression was caused by over producing supplies and the stock market crash. Before the New Deal many Americans lived in makeshift communities called Hoovervilles because they couldn’t afford living in their houses any longer. Some people starved because they couldn’t pay for food or the food wasn’t able to get to their towns.
The Great Depression was an economic downturn in America that lasted from 1929 until about 1939, making it the longest lasting depression ever experienced by the industrialized world. The stock market crash caused a chain reaction that involved problems such as unemployment, deflation, an increase in debt, and general poverty for lower class citizens. Attempts at escaping the depression weren’t altogether successful. In fact, most of the efforts resulted in high consumer debt as well as over optimistic loans given to the public by banks and business investors. The Depression caused severe political changes in the US as well as its obvious economic failures. After three years of the depression, Herbert Hoover lost the presidential election
Herbert hoover, and Franklin Roosevelt were both a very important part of the great depression. However both played a totally different role in it. Hoover was more known as the one who caused it. He was not liked by many people, and tried blaming the depression on them.(Biography.com Editors) FDR took over after Hoover and helped America out a lot. He provided help for people in America. He created jobs, provided food and, helped people in need. He even ended the depression in 1939. (Freidel) FDR and Hoover were two very different people. Both came from two totally different lives. Also they both took different turns on the great depression, one started it and the other finished.(Hoover V.S. Roosevelt)
Herbert Hoover was known as the great humanitarian who can solve any problem he faced. Later on, it turns out to be false which ends up hurting not only America but the people
When President Hoover entered office in 1929, stock market prices were at all time highs and the American economy prospered. Suddenly, in October of 1929, the stock market crashed and thousands of Americans lost their entire life savings. The crash sparked the most horrific and devastating economic crisis of all time. In the tedious years to follow, records suggest that stock prices fell “about 80% from their highs in the late 1920s” (Stock Market Crash). Soon after Black Tuesday, the United States economy crumbled to pieces. Many people became unemployed and homeless. Through the course of a decade, Presidents Herbert Hoover and Franklin Roosevelt tried and failed to bring an end to the Great Depression with their own domestic policies and political ideals. Before Hoover’s election, federal administrators praised his humanitarian spirit. When Hoover became president, he fell short of his glowing reputation and failed to recognize the severity of the situation America was facing. The nation felt out of touch with their commander-in-chief and in the presidential election of 1932, Hoover was squarely defeated by his popular Democratic opponent, Franklin Delano Roosevelt who promised a “New Deal” to the suffering American people. The Great Depression was a long and difficult time for many Americans ended only by the beginning of World War II. Two utterly different presidents guided America through the worst financial crisis ever seen with two different policies, two
The Great Depression, was the worst economic downturn in American history. Many Americans believe that the only cause of the Great Depression was the stock market crash of 1929. There were several causes of the Great Depression.As it started to get worse and worse by 1933 it reached to rock bottom.Nearly 15 million americans were unemployed.Also at this time almost half of the banks were closed.Meanwhile lots of people blamed the president at the time,Herbert Hoover.Although all of the struggles the americans went through it really shaped our country now.We learned from the mistakes and overall we are a better country
With the continually worsening conditions, and the stock market crash on Black Tuesday, October 29, 1929, the United States was thrown into the biggest economical disaster of our history. Everyone, excluding the rich upper class, became poor and most unemployed. The majority of the American populace found themselves living in ‘shantytowns’ or ‘Hoovervilles’ as they later became to be known, which consisted of many cramped shacks constructed from whatever was available. This meant old burnt-out cars, cardboard boxes, random pieces of lumber, and anything else that people could find. Times truly were tough. It was a daily
Franklin D. Roosevelt’s plan helped make the economy get stable through programs that he started, helping create more jobs for the unemployed. He passed bills that helped both the American people and its environment. For example, new roads and bridges were built. Another one of FDR’S efforts to get out of the depression was to enter WWII. Document 6 shows a cartoon of how much was produced for the war and shows Uncle Sam working, too. Overall, FDR’s decision to enter the war was the greatest impact on the Great Depression because they got out of it. Herbert Hoover was a terrible leader in many Americans’ views because they believed he did not do enough for the people and was more supportive toward big businesses. He gave money to the rich so that they would pass it down to the poor but instead the rich got richer and the poor got poorer. Another downfall of Hoover was Hoovervilles. These were a collection of poor people without homes. The name was given as a disgrace to Hoover. In result, FDR was a more favored president during the Great Depression than Hoover.
Sleepless nights, drowning debt, suicide attempts, and the inevitable fall towards unemployment. These are the things that not only make up but almost define the title “The Great Depression.” The Great Depression was a collapsing disaster. One after another, the government along with society fell to their knees. Stock markets crashed leaving most Americans bankrupt and on their own to support themselves and their families off of loose change. Jobs were as rare as ever, people went unemployed left and right. People were left to fend for themselves on the streets
The Great Depression was one of the most devastating events in human history. When FDR was president, his administration contributed to the creation of relief programs in order to help solve the problems of the Great Depression such as the effects of the stock market crash. The government was helping the nation get back on it’s feet by being involved more in people’s daily lives. Franklin D. Roosevelt and his administration created relief programs in order to help Americans after the Great Depression. In Document C, FDR states, “Its evolution, not revolution, Gentlemen”!
The great depression was one of the worst economy issues we have ever had in history. It was a hard time for everyone. The great depression started in 1929 till 1939. Tons of banks closed down and about 9 million savings accounts were lost. Tons of companies and factories went under. About 15 million people were unemployed.
Herbert Hoover, the president in office when the Great Depression hit the country, did very little to ameliorate the devastating situation. Hoover underestimated the seriousness of the crisis, misdiagnosed the causes of the problems, and clung to his beliefs in individual achievement and self-help. His corrective measures, aimed at inflation and the federal budget, were thus damaging themselves. Furthermore, he hesitated to mobilize government resources to aid Americans and instead appealed to private groups to lend a hand (Encarta). Thus Hoover’s administration did little to mitigate the impact of the Depression.