History Internal Assessment- Great Depression

During the 1920s the American people led themselves to their economic demise. In America, the Great Depression occurred during the 1930s after the crash of the stock market. “The Roaring Twenties”, which occurred before the Great Depression, was a time when the assembly line created more jobs and money to be used. This new economic prosperity, brought about the stock market, in which hundreds of Americans put in their money in hopes of their company making profits. The Great Depression was caused by stockholders using more money then they could pay back, workers using the non-shameful credit to buy products, which led Americans into debt, and the lack of demand, when there was an increase in supplies.

In conclusion, the Great Depression had many contributing factors, and the Great Crash of 1929 was not the sole cause. The “Dust Bowl” was a major factor in the Depression, and foreign affairs as well as banking failures were important contributions

In FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression, Jim Powell discusses how Roosevelt’s New Deal actually prolonged the Great Depression and made it significantly worse economically for the people in the 1930s United States. Powell reveals a different angle of the “hero” Franklin Delano Roosevelt, his New Deal, and how he allegedly lead the United States out of the Great Depression. Throughout this book, the author analyzes the actions and repercussions of Roosevelt’s economic decisions revealing how these decisions actually made the depression significantly worse. Along with that, the author analyzes the various policies and implementations in a more in-depth way that really convinces the reader of the poor

The Great Depression of the 1930’s was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.

The Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other interventions can save capitalism from itself. The Great Depression had important consequences and was a devastating event in America, however many good policies and programs became available as a result of the great depression, some of which exist even today.

James Tobin had once stated, “The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters” (James Tobin Quotes). America has yet to face the dark ages of failing economy when the stock market crashed in the days of October 1929. From a child to a dying old man, everyone’s lifestyles were changed dramatically by the events of this period, the Great Depression. The Great Depression resulted from a combination of both domestic and worldwide conditions. The depression had afflicted every inch it passed by. Every nation, especially the United States, now have to find a way out.

Lauryn Vetter Modern American History 2/22/2024 Struggles of The Great Depression The Great Depression was one of the hardest times for America ever. It began in 1929, right when Herbert Hoover was elected. The depression was set off as stock prices lowered drastically, and soon the whole market began to crash. The crash caused a ripple effect on the country and made almost every American face some type of hardship. The depression continued for almost ten years before it was solved.

In conclusion, the Great Depression was a downside of America’s history. But, in the dark times, one of our nation’s best presidents came into light. Franklin D. Roosevelt once said “the only thing we have to fear is fear itself”. This meant in those times that Americans were doing more harm than good. When they withdrew their stocks and money from the banks, they were causing more damage to the economy. With shutting down the banks and getting congress together, they were able to solve the dilemmas of the Great Depression through actions taken by federal and state

Roosevelt. This World War One navy veteran saw the troubles that the United States was going through, (document 5) and promised a ‘New Deal’. During his run in office, he had three goals: Relief for the unemployed, repair the economy, and reforms to prevent another depression (the three R’s). The first thing Roosevelt did was fix the banking system. He knew that without stable banks, money would not be able to start flowing in the economy anymore. He ordered and ‘Bank Holiday’ and went through to all the banks making sure they were financially stable, and shut down the ones that were not. The nation soon had faith in Roosevelt and quickly saw brighter days ahead. Roosevelt provided relief for the unemployed through the Civilian Conservation Corps, and the Works Progress Administration. Both hired unemployed civilians to work building parks, playgrounds, hospitals, schools, etc. Roosevelt also provided recovery to the industry and farmers. He passed acts such as the National Industrial Recovery Act, and the Agricultural Adjustment Act. He paid farmers to start planting a variety of crop instead of competing in prices for the same product. He also provided long-term reforms and has so far prevented another depression through acts such as the Federal Deposit Insurance Corporation, and the Social Security

Where were you doing the Great Depression? Were you an entrepreneur, a consumer, a President, or another position in government? Did you protest against what was happening, or were you a part of the catalyst? These are some questions that makes us realize what exactly happening during this time. As many know, there was a worldwide collapse of the economy during the 1930s. This event, the Great Depression, was very drastic and left consequences that would impact the world forever. This crisis happened to different areas of the world at differing times specifically, but generally it was around the 1930s. During this time, there was no one watching the U.S. economy, so it was very easy for it to fall apart. People began to have a false sense of prosperity and people were over dependent on production. Stocks and trade fell, and the economy as we knew was going downhill and there was no way up. Primary sector jobs involving construction and agriculture suffered the most, making certain countries go down harder than others. It is generally agreed that the overall cause of the Great Depression was a surge of overconfidence in buyers, who began to buy things without double checking and also things they didn’t realize they couldn’t afford. But, others may put the blame on the failures of the banks. Around this time, the situation was bleak and hope was diminishing as fast as the economy was. As indebtedness increased, so did deflation. This happened because the margin requirements

America’s Great Depression is believed as having begun in 1929 with the Stock Market crash, and ending in 1941 with America’s entry into World War II. In order to fully comprehend the repercussions and devastating effects of the Crash of 1929, it is important to examine the factors that contributed to the catastrophic event which led to The Great Depression. The Great Depression was the worst economic slump in U.S. history, and it spread to most of the industrialized world. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920s, and the

Former President Calvin Coolidge said, “In other periods of depression, it has always been possible to see some things which were solid and upon 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” and to some extent it was true. Americans lost all hope in life entering a deep dark tunnel with no light in the end. The Great Depression was not something that appeared out of thin air; it grew over time like a tumor and eventually plagued America with an excessive disease. No decade was more terrifying in the twentieth century than the 1930s. The stock market crashing, due to people buying stocks on load, the debts from WWI farmers and consumers in deep debt, and

The America in the 1930s was drastically different from the luxurious 1920s. The stock market had crashed to an all time low, unemployment was the highest the country had ever seen, and all American citizens were affected by it in some way or another. Franklin Delano Roosevelt’s New Deal was effective in addressing the issues of The Great Depression in the sense that it provided immediate relief to US citizens by lowering unemployment, increasing trust in the banks, getting Americans out of debt, and preventing future economic crisis from taking place through reform. Despite these efforts The New Deal failed to end the depression. In order for America to get out of this economic

The economic expansion of the 1920’s, with its increased production of goods and high profits, culminated in immense consumer speculation that collapsed with disastrous results in 1929 causing America’s Great Depression. There were a number or contributing factors to the depression, with the largest and most important one being a general loss of confidence in the American economy. The reason it escalated was a general misunderstanding of recessions by American policymakers of the time.

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.