Great Depression
October 24, 1924, will always be known as "Black Thursday." In a matter of minutes the bottom dropped out of the stock market and panic sat in across America as the prices of stocks and bonds steadily skidded downward for three and one half years. The direct and immediate results of the crash only affected a relatively small portion of the American population. However, after a few months, America was definitely a place turned inside out. Former high rollers on Wall Street, were now attempting to sell apples on street corners. Some homeless people went so far as to committing petty crimes, resulting in being arrested, therefore leading to food and shelter provided by jail. The Depression touched almost every American. Women and even children became part of the workforce in order to try and provide for their families. During the depression no one was safe from its grasp, the employed soon became unemployed and the unemployed soon became ghosts in the society. Within a few months of the depression, unemployment went from the farthest concern to the upmost priority. In March of 1930, only six months after the depression hit, estimates ranged from over three and a half billion to over four billion unemployed Ameri
------------------------------------------------------------------------ lished the highest average tariff in American history. This was a major blow to European economies, which were already sinking into depression. Other nations retaliated by raising their own tariffs, this spread the depression world wide by cutting off international trade. Between 1929 and 1932 the total value of World Trade had declined by more than half. employed, were replaced by unemployed whites. By 1932 a quarter of the employed people of America were minorities. e giving started to increase, but charitable organizations were not prepared at how many people needed help. It was then that government help was the only way to go. However, Hoover refused government aid, claiming that it would undermine the peoples self reliance. This brought the people of the nation and its government to a head. In June 1932, more than twenty thousand world war one veterans marched in Washington D.C., to ask for early payment of government bonuses they had been promised. But the government refused and some of the marchers refused to leave until getting their payments promised to them. This brought out federal troops and they used tear gas and bayonets to disperse the marchers and their families. Hoover mainly tried to bring the nation out of the depression by supporting protective tariffs to block imports and raise the American economy by raising the sales of American made products. In 1930 the federal government enacted the Hawley-Smoot Tariff, which estab! r the needy, elderly and disabled. The basic idea of the New Deal program was to lower the supply of goods to the current level of consumption. Under the terms of the Agricultural Adjustment Act of 1933, the government sought to raise farm prices by paying farmers not to grow surplus crops. Parts of the National Industrial Recovery Act created codes for many in
Some common words found in the essay are:
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Approximate Word count = 1274
Approximate Pages = 5 (250 words per page double spaced)
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