Faraz Khan The only things I could think of when I heard the words “GreatDepression” were the black & white photographs of people with looks ofhopelessness, specifically the woman with children. It was fun & interestingto read about the great depression and I learned many interesting facts. Theearly 1920s were a time of great change in America.
It was a period called TheRoaring Twenties, where America became urban and commercial, new aspects ofculture were established, and the economy was prosperous. The personal automobilehad changed everything & people witnessed the emergence of jazz, speakeasy’s and flappers. However, this wouldn’t last verylong. The basic explanation as to the cause of the Great Depression was thecrash of the stock market.
I know it’s a bit more complicated than that, but thestock market crash of 1929 triggered a chain of events that plunged the UnitedStates into its longest, deepest economic crisis of its history. Banks, stores, and factories were closed andleft millions of Americans with no jobs and no homes. From 1929 to 1933 theunemployment rate increased from three percent to twenty-five percent. Thisleft about thirteen million Americans unemployed with no jobs.
PresidentHoover and President Roosevelt did their best to try to turn the nation’sfuture around and make it better. Throughout their efforts to help, PresidentHoover failed with his plan and President Roosevelt developed many New DealPrograms that had somewhat of a good effect for the nation. TheNew Deal was a series of federal programs, public work projects, financialreforms and regulations enacted in the United States during the 1930s inresponse to the Great Depression.
Best services for writing your paper according to Trustpilot
These programs were formed to help aid thenation and its citizens economically and mentally. Although the New Dealsucceeded in its goal to prevent a future widespread economic collapse, itultimately failed to achieve its greatest goal of successfully ending the GreatDepression.
