Great Depression Economy

324 Words2 Pages
For a decade after World War I, the United States went through a time of economic downfall called the Great Depression. The stock market crashed and suffered catastrophic losses that lasted from 1929 to the start of World War II in the early 1940’s. Banks closed by the hundreds. Businesses went under by the thousands. The Midwest was turned into the largest desert in the United States due to drought like conditions brought on by over farming of the Plains and lack of rain. The tractor was invented which led to a cut in manpower on farms. Millions of people, who called the Midwest home, migrated to California or headed east to areas of New York, Virginia and Pennsylvania looking for a more financially stable life for their families. Many of these families faced hard times even after moving to the West Coast and were subjected to being treated like other racial minority groups.…show more content…
Even in the nation that prided itself on the migratory nature of its settlers and founding fathers, the people of the Great Depression were oppressed in their own land of birth. The Great Depression and the United States economy breakdown happened under the presidency of Herbert Hoover. When it came time for President Hoover to run for presidency again he wouldn’t run, so Franklin D. Roosevelt ran and won by a landslide. He changed many things in his term such as not letting banks reopen until they were stabilized and he then established the New Deal. The New Deal was a bunch of established programs which helped to curb the unemployment by hiring people for various projects. The New Deal helped to ease the hardships of the Great Depression which helped, but the economy was still bad. The turn around in the U.S. economy turned around after the bombing of Pearl
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