The Great Depression In The 1930's

For many people, the star market is a popular method for obtaining money quickly. Despite the risks, many people invest their money in stocks. The stock market allows the public to buy shares of a company, or a stock. These shares come in the form of an official document, and grants you a small fraction of the company you invested in. As companies do well, their stocks are worth more. Stocks can be bought and sold through the help of a stockbroker. The goal is to buy a share of a company, then later sell the share for more money than you bought it for. However, the market is risky; this is proven by multiple crashes in the market, resulting in loss of money.

This act was created in 1974 there are many events that could have impacted the need for such a policy. One event that impacted the need for the RHYA is the Great Depression. The Great Depression led to about 400,000 young boys being homeless. Another important event is the Vietnam War, though it was coming to an end around the time that the act was passed, it lasted for many years and effected the family structure of American households. The draft caused by the war made a lot of families turn into one income families, which could have made teens need to leave home before they were old enough to support themselves in order to leave more resources for the rest of the family.

Following WW I in the 1920’s, there was a decade of an economical explosion. The post-war era brought about many changes. Businesses showed great profits, migration to big cities of industrial companies occurred with the hopes of making a better life, people were given the opportunity to purchase things on credit, while others borrowed money making poor decisions buying high priced stocks with the intention of selling stocks for a profits to repay lenders. When Black Tuesday occurred on October 29, 1929, this marked the beginning of the Great Depression that left devastating economic hardships for the American people. Although it was always my belief that the stock market crash was the sole contributor of the Great Depression, there was

October 29, 1929, would be the start of one of America's worst epidemics. The Great Depression was a time in America where the economy and American lifestyle completely crashed. This depression impacted the workforce of the time greatly, causing people to lose jobs and soon go homeless.

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 1920’s was a decade of discovery for America. As mentioned in “who was roaring in the twenties? —Origins of the great depression,” by Robert S. McElvaine America suffered with the great depression due to several factors but it managed to stay prosperous at the end. In “America society and culture in the 1920’s,” by David A. Shannon there was much more to the great depression. It was a time of prosperity an economic change. Women and men were discovering who they were and their value to society in “The Revolution in Morals,” by Gilman M. Ostrander. Even if Racism still existed as mentioned in “ The Tribal Twenties,” by John Higham, the 1920’s still was time of change that affects people today.

The Great Depression in the late twenties occurred mainly because of the stock market crash in 1929. However, other causes of the depression included, the wealth gap, the over borrowing of money, and incorrectly buying and selling stocks. Other causes include the over-lending of money to countries after WWI, eventually leaving the US is debt. After the collapse of the economy, the United States implemented many different plans of action to deal with the crisis at hand. For example, President Franklin D. Roosevelt implemented the New Deal, which was meant to preserve capitalism. It also came with many programs and acts that helped to rebuild the economy and provide jobs for the unemployed. In Europe, particularly Sweden, they used their large

The depression of the 30’s came to many as a great shock, especially after just coming out of the wild and lavish ‘roaring’ 20’s. The sudden shift in the atmosphere; this crash of the stock market (Oct. 29, 1920) seemed to pull the rug out from under the American people leaving many dazed and confused, not knowing where to turn to. All hope was turned to Hoover, -president at the time- but soon any and every last glimmer of optimism turned to dust as Hoover failed to keep his people above water like many past presidents. This is when Franklin Delano Roosevelt stepped into the spotlight and grabbed the bull by it’s horns, imposing what is called “The New Deal” wrangling with the immense economic debt of this country and pulling the

The Great Depression of the 1930s undoubtedly marked a period of massive change and devastation throughout the entire nation. People of all backgrounds were plagued by destitution and insufferable living conditions, while unemployment rates had soared beginning with Black Tuesday, to the point where the public had begun to lose hope for the future. In enduring all of the instances of negative change, the people, whether of white or black heritage, whether rich or poor, had all shared one set of characteristics in common: the foundation of human nature. In the set of circumstances which had unfolded before the weakened citizens of the United States, unity had become less of a stretch, even necessary to maintain the nation’s former glory and prosperity, and the promise of liberty had become increasingly essential to sustain the drive of the people to pursue their passions uninterrupted by the economic depression. As is natural of such a turbulent time period, various works have been composed relating to the Great Depression, several of which invoke the components of human nature. Indeed, human nature had upheld the nation throughout the 1930s; without the consistency of humanity in times of desperation, there would be all but no support for the faltering economy and lifestyle. However, given the Great Depression’s sheer influence upon human nature, in times of change, whether beneficial or deleterious, society bends in the direction of prosperity.

On October 24th of 1929, the United States Stock Exchanges fell. They fell more than they have ever in US history, a fact that remains true up to the modern era. Stocks, small pieces of ownership over a specified company, hold monetary value. This value suddenly entered a freefall, as a result of underlying problems in the market leading up to the crash. This crash marked the beginning of the Great Depression, a long period of economic hardship all over the United States and many parts of the industrialized world. Marking a period of economic reconstruction following the Great Depression, President Franklin Roosevelt created the Securities and Exchange Commission, a government organization enacted to gain and maintain a sense of stability in the stock market. The SEC has changed since then, but has continued to secure and protect the stock market.

The Great Depression of 1929 was a deadly blow to the economy. This occurs when the United State won the World War I. After the war people who worked in the factories making weapons lost their job. People who came back from the war did not when back to work they were proud of themselves having fun time buying stocks. Then the disaster happened, on October 29 the Black Tuesday the stock market crashes, the stock drop the banker who bought the stock invest more money into the stock hope the stock is going to rise, but it did not seen to work out the stock were still decreasing and people were unable to sell out their stocks. Which cause the Bank Failure, people want to take their saving out from the banks, but the banks were unable to give back their money about 9,000 banks failed in the 1930s(Martin 1). The unemployment rate keeps rising, people who did not have a job were worried about their saving, afraid to waste their money on goods become very careful on the use of money on goods. This cause the Reduction in Purchasing some business failed. The disaster did not end the natural disaster the Dust Blow occur on April 14, 1935. There were about 38 storms by 1934 millions of farmers lost their farmland and houses have to leave their homeland became homeless.

The roaring twenties was a time filled with hope and change. President Warren G. Harding promised a “return to normalcy”, which reflected his own conservative values and the voters’ wants for stability and order. Americans felt that they had been through more than enough, and desired prosperity. During the years 1919 and 1920 the Eighteenth and Nineteenth Amendments were passed; the outlaw of alcoholic beverages and the right for women to vote, which ones of the many reasons society was turning their backs on Progressivism. Republicans were beginning to return to their previous dominance. The 1920’s was an economic boom for America, including everything from an increase in jobs, a rise in plentiful goods, new consumer products, and the reduction of taxes. The country was filled with jazz music, dance, and what appeared to be a brighter future. The 1929 crash of stock market was the beginning of a downward spiral leading in to the Great Depression. The stock market crash is often to be confused as the cause of the Great Depression, although that is false. A few of the issues that lead to the Great Depression included; farming (which decreased in demand as farms increased through the states during World War I), banking, and mass unemployment. Capitalism took shape as what was once the individualistic Protestant work ethic was reshaped into industrial work on a grand scale. Each worker contributed to the greater good, and the workers were presided over by a boss

The Great Depression of the 1930’s was enveloped within a rather large scheme of issues that were left to the wayside until it was to late. One indefinite issue can not be highlighted, due to the complexity and despair the occurred during this time period. The date that begun the financial meltdown was noted as “Black Tuesday”, this specific date occurred on October 29, 1929. Perhaps though, this was a day of climaxing events that exacerbated the Great Depression.

The Great Depression was a worldwide economic downturn which started in October of 1929 and lasted through most of the 1930s. It began in the United States and quickly spread to Europe and every part of the world, with devastating effects in both industrialized countries and producers of raw materials. International trade declined sharply, as did personal incomes, tax revenues, prices and profits. Cities all around the world were hit hard, especially those based on heavy industry. Unemployment and homelessness soared. Construction was virtually halted in many countries. Farming and rural areas suffered as prices for crops fell by 40–60%. Mining and logging areas had perhaps the most striking blow because the demand fell sharply and there

The stock market is a huge part of the world’s economy. It isn’t just United States companies you can invest in, you also can invest in foreign stock markets. The options are limitless to what you can invest in. Although, putting your money towards a stock always has a risk. The basic way stocks work are that a public company issues you stock and you buy them at the market value. When you buy stock you become a shareholder, a partial owner in the company: “When you own a share of stock, you are a part owner in the company with a claim (however small it may be) on every asset and every penny in earnings” (CNN Money 1). Having ownership in the company is what makes stock worth money. If the stocks you purchased didn’t give you any share in the company they would be worthless. The risk of stocks are what drive us as consumers and savers to buy the stocks. With a higher return on average than bonds or a certificate of deposit in today’s economy stocks are a good way to lean if you are saving for retirement or just