The Great Depression Stats
The Great Depression of the 1920's and 1930's began when the stock market crashed on October 24, 1929 after reaching an all-time high on September 3, 1929. Everyone was jubilant and happy before the crash because the 1,500,00 people in America who had invested in shares of companies were making a lot of money. Corporations were experiencing a period of time when expansion was up, poverty was down and everyone was happy. Bankers attempted to calm stock holders but on October 29, 1929 some 16,000,000 shares were sold at a loss and all of America was in a panic. The stock market crash itself brought down practically the entire U.S. economy and lowered wages, which in turn brought more problems. Food shortages occurred and many people found that they could no longer afford bread and butter to feed themselves. Within most big cities there was some form of relief system set up and many people went there in order to eat, while trying not to let their friends notice that they were there. Soon after, the cities ran out of money for the relief programs and some people were without food and shelter. Six months after the stock crash 4,000,000 people had lost there jobs. Many people lost their homes and built shacks out of anythin
At the beginning of the 1930s, American culture began changing as Hollywood began producing movies and music for entertainment. The second World War was the only thing that lifted America out of the Depression because of how it mobilized the economy and brought everyone back to work in order to support the war effort. At FDR's inauguration, he gave a speech that talked about America fearing only fear itself and that we needed to look forward and help move America forward. FDR's method of changes and processes was called the New Deal. This idea included other ideas such as closing the bank's until they were stable enough to open, repealing the Alcohol Prohibition Act and creating other organizations designed to help create jobs and employ the jobless and shelter-less people. Many important organizations were created such as the Civilian Conservation Corps which made forestry jobs, the Agricultural Adjustment Act (AAA), which helped regulate farm prices, and Tennessee Valley Authority (TVA), which helped build dams to create more farmland and generate cheap electricity for the southern area. Minorities were also affected because they were paid very little compared to the white population and so it was the Blacks who had to protest for more rights. During the 1930s there were many hangings of Blacks but FDR didn't attempt to put a stop to it because of worry that Southern congressman would be against any measure to stop it. However, Franklin Roosevelt spoke for the "forgotten man" and this led to New Deal victories in large cities because small groups of people would support FDR and lead his measure to a victory. His new policy included something called a "Black Cabinet" that co
Some common words found in the essay are:
, FDR Republicans, Organizations CIO, Authority TVA, America Depression, Soviet Russia, Harry Hopkins, Depression Blacks, Franklin Roosevelt, Black Cabinet, america depression, stock market, people lost, unions becoming, sit-down strikes, social security,
Approximate Word count = 1145
Approximate Pages = 5 (250 words per page double spaced)
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