It was under the leadership of Alice Paul. In order to convince President Wilson and Congress to pass a woman suffrage movement, they had to undertake radical actions. In 1920, due to the combine efforts of the NAWSA and the NWP the 19th Amendment was ratified. It gave women the right to vote. This victory was considered the greatest achievement by women in the Progressive Era.
This life changing experience shows how extreme the depression was. One day you had money in the bank, you had a job and your house. Then the next, the banks fail due to the loss of money on the stock market, as companies couldn't get loans and people had no money, industries were failing and they had to dismiss mass workers at their factories and offices. Due to the bank losing your money then not having a job, you had no income. This meant the house you was buying or renting, would be repossed as you couldn't keep up the payments.
Kirsten Kielma Great Depression/New Deal Homework 1. The Great Depression occurred because the citizens of America though that their banks were going under. This thought pushed them into taking out their money from their banks in large amounts. This caused the banking system to collapse. Short lived economic policies were another factor to the Great Depression.
One idea would be to start a “Cheesecake Club” where after so many pieces were bought a free piece of cheesecake could be obtained at their next visit. * Advertising The Cheesecake Factory currently does not advertise. One would never see a television ad or magazine page devoted to the restaurant. Currently they rely on news articles and word of mouth to bring in new customers. The new advertising strategy would greatly improve the amount of customers coming to The Cheesecake Factory daily.
In a lecture by Professor Newman, it was made known of the concept “selling short”, meaning, big businessmen would try to make more money on a market they knew was going down, and with that came a lot of common people losing money. When prices started to collapse over 40 billion dollars’ worth of stock value suddenly disappeared, and so did people’s money. With this caused the famous stock market crash in 1929. Almost immediately big businessmen started shutting down factories and firing employees and the demand for products went down, and with that, unemployment reached 15 million. In the lecture, Professor Newman uses the example of steel to show how much stocks declined.
The depression of the 1890’s ruined banks, farms, and many of the train leaders were declaring bankruptcy during this time period. Prior to 1890, the Industrial Revolution was outpacing farms. The farmers of the 1890s in the south weren’t getting the price for their cotton to break even. This also happened to the farmers of the Midwest with the wheat harvest. Strikes by workers crippled some parts of the nation when the grain and livestock couldn’t reach the market place.
It did not only affect Americans, but also the whole world. The Great Depression was caused by the crash of the stock market or the lack of real investment opportunities in the 1920’s, product innovation that caused less labor, President Roosevelt believed that it was caused by the structural problems and doubted simulative spending will solve the problem, and some argued it was caused by the shift toward modern employment relation that was made by the Great War. A Depression in the economy can start by raising taxes and dismissing government’s employees and both of these actions can start a depression and both of these were done by the government in 1929. Once this is done, it will have a chain reaction where it will get to the point where the economy will fall and cause its people to live in poverty. The prices of the products will either increase or stay the same but the wages of the people will always decrease.
Many factors caused the economic condition in America to change in the late 1920’s resulting in the Great Depression. These factors include World War One, individual debt, business failure, farming decline, banking failure, and the stock market crash. World Depression was caused by World War one because the demand for American products reduced after the war resulting in too much supply with limited demand. Production was lowered and jobs had to be cut, leaving many without jobs leaving many in debt because many people took out loans or stocks during the war. Many people did not have money to spend in businesses and businesses also took out loans that needed to be paid back.
Hard Times shadowed across the globe as the stock market dropped rapidly. During the term of presidency of Herbert Hoover in 1929, the United States became a jobless nation and left many people homeless, penniless. The economy’s confidence was lowered as numerous banks failed. Since Americans were unable to look for support amongst each other, the government and charity were the only industries they could depend on for providing food. Amidst of such a high suicidal rate the United States grew in need of a new leader that would take higher precautions on how the country should be ran in order to enable them to rise out of the Depression.
Crop prices fell by over fifty %. People went hungry because so much food was produced that production became unprofitable. Others were unemployed because they had produced more than could be sold. Huge numbers of Americans had their lives upset by the Depression. Tens of thousands of migrant farm workers travelled the nation looking for employment.