Great Depression Essay -- American History Economy Economics Essays

Great Depression In the United States between 1929 and 1933, one hundred thousand businesses were unsuccessful. Corporate profits plummeted by nine billion dollars. Americans’ deposits were vanishing behind the closed doors of the banks. At the beginning of 1930 those without jobs totaled four million; however, by the end of 1930 that number had rose to six million (Norton 696). All of these events characterizing the Great Depression were occurring during the Herbert Hoover administration. From 1929 until his election loss in 1933, Hoover was â€Å"presiding over a gloomy and sometimes angry nation† (696). While Hoover seemed like an excellent candidate for the leadership of America, it was unknown at the time that he couldn’t offer the right leadership at the right time for the United States. America was diminishing and the country needed a leader who could pull the people out of this recession. â€Å"A new deal† needed to happen with a new president. The depress ion and its’ characteristics helped to define the deal that Americans would receive in 1933 by Franklin Delano Roosevelt. As the Great Depression grew deeper necessities became luxuries. Millions of Americans were freezing in addition to hungry and sick. Fuel was unattainable because it was unaffordable. Soup kitchens and bread lines became popular for many families in the United States. The homeless Americans crafted together small box towns called Hoovervilles (698). These â€Å"houses† were created out of anything from egg crates to boards, bricks, and dirt. In 1929 a total of 659 banks around America closed their doors. By 1930 the number had leaped to a surprising 1,350. In 1931 alone 2,293 banks went under while another 1,453 quit doing business. Money was... ...oducers on the top. The only difference is that instead of pumping the money to the producers first, it is pumped to the consumers. That way there is a reason to have production and the people have money to buy what the producers made (Manzione). This theory did not solve the Great Depression but it alleviated the symptoms. â€Å"The New Deal as a whole managed to do two major things: keep the country unified and coherent and to preserve the United States’ infrastructure† (Manzione). Roosevelt’s New Deal changed the political ideology forever. Some scholars even argue that there are two periods of government in America: pre-Roosevelt and post-Roosevelt. Whether they are right or wrong, it is inarguable that the New Deal did what it was supposed to do which was treat the symptoms of the Great Depression, which could not be solved until the onset of World War II. Great Depression Essay -- American History Economy Economics Essays Great Depression In the United States between 1929 and 1933, one hundred thousand businesses were unsuccessful. Corporate profits plummeted by nine billion dollars. Americans’ deposits were vanishing behind the closed doors of the banks. At the beginning of 1930 those without jobs totaled four million; however, by the end of 1930 that number had rose to six million (Norton 696). All of these events characterizing the Great Depression were occurring during the Herbert Hoover administration. From 1929 until his election loss in 1933, Hoover was â€Å"presiding over a gloomy and sometimes angry nation† (696). While Hoover seemed like an excellent candidate for the leadership of America, it was unknown at the time that he couldn’t offer the right leadership at the right time for the United States. America was diminishing and the country needed a leader who could pull the people out of this recession. â€Å"A new deal† needed to happen with a new president. The depress ion and its’ characteristics helped to define the deal that Americans would receive in 1933 by Franklin Delano Roosevelt. As the Great Depression grew deeper necessities became luxuries. Millions of Americans were freezing in addition to hungry and sick. Fuel was unattainable because it was unaffordable. Soup kitchens and bread lines became popular for many families in the United States. The homeless Americans crafted together small box towns called Hoovervilles (698). These â€Å"houses† were created out of anything from egg crates to boards, bricks, and dirt. In 1929 a total of 659 banks around America closed their doors. By 1930 the number had leaped to a surprising 1,350. In 1931 alone 2,293 banks went under while another 1,453 quit doing business. Money was... ...oducers on the top. The only difference is that instead of pumping the money to the producers first, it is pumped to the consumers. That way there is a reason to have production and the people have money to buy what the producers made (Manzione). This theory did not solve the Great Depression but it alleviated the symptoms. â€Å"The New Deal as a whole managed to do two major things: keep the country unified and coherent and to preserve the United States’ infrastructure† (Manzione). Roosevelt’s New Deal changed the political ideology forever. Some scholars even argue that there are two periods of government in America: pre-Roosevelt and post-Roosevelt. Whether they are right or wrong, it is inarguable that the New Deal did what it was supposed to do which was treat the symptoms of the Great Depression, which could not be solved until the onset of World War II.