The Great Depression DBQ Intro: Throughout the 1920’s, America was prospering, but that all ended very quickly. Say’s Law basically said that the government was necessary to make things better; things would get better on their own. Things obviously didn’t. The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression started in 1930 and lasted until the late 1930s or early 1940s.
In 1932 Franklin D. Roosevelt won the presidency in a landslide victory over Herbert Hoover (President at that time). He implemented many ideas to get the nation out of the depression. He based his ideas off of three principles; relief, recovery, and reform. Roosevelt’s “New Deal” was tremendously successful as it improved the nation’s economy and lowered the enormously high unemployment rate. The event that started the Great Depression was “Black Tuesday.” On this day, the stock market crashed.
Businesses and factories shut down, banks failed, farm income dropped. By November 1932, 20 percent of Americans were unemployed. The presidential campaign that year was chie y a debate over the causes of the Great Depression and ways to reverse it. Incumbent Herbert Hoover had started the process of rebuilding the economy, but his e orts had little impact, and he lost the election to Franklin Roosevelt. Roosevelt was infectiously optimistic and was ready to use federal authority to achieve bold remedies.
Franklin D. Roosevelt's New Deal vs. Barack Obama's Economic Stimulus Plan Aiding the economy was what both of these plans were meant for. Franklin Delano Roosevelt’s New Deal aided the American economy to get back on track during the 1930's. Due to the economy suffering severely from the great depression this plan was setup to help boast and get the economy going. Barack Obama's Stimulus Plan was also and aid brought out to save the economy. Due to the country facing the biggest economic crisis since the second world war, Obama and Democratic Party leaders suggested an economic stimulus package to confront the crisis.
Gov. Chet Culver has ordered a 1.5 percent across-the-board cut to trim spending by $90 million for the current fiscal year. The article states that do to the recession, the Iowa Supreme Court is closing state courts for a day. The closing will help them save some money in theses tough times. Nearly 2,000 employees will be unpaid, saving them nearly $350,000.
Roosevelt was inaugurated in 1933, many reforms were made to increase the purchasing power of the working class. Among these are, cutting the farm production to raise prices through the Agricultural Adjustment Act and force the businesses to work with the government to set price codes through the NRA. Roosevelt also introduced a number of positive changes to the structure of the American economy by his reforms and massive public-works projects to promote a recovery that the Americans could trust and rely on. In 1933, President Roosevelt came up with a plan that sought to save capitalism and fundamental institutions of the American society. This plan would revitalize the economic depression and prevent future depressions from reoccurring.
He received much physical help from wife Eleanor. He also remained active in politics. During this time, Roosevelt was governor of New York and was a perfect candidate for the presidency. (Black, 191) However, he was focused on the citizens of America due to the devastation caused by the stock market crash of 1929, which was the start of the great depression. There were other causes of the great depression and not just due to the crash of the stock markets.
By 1939, budget cuts had forced the project to scale down to 3,500 workers, although it was so popular that every state provided money to keep it alive when Congress reduced funding in 1939. The Federal Writers' Project was eliminated along with the WPA in 1943 and much of its unpublished work was lost or destroyed. Even so, the FWP left a large impact in its American Guide and life in America series and in its tales folklore
World War I had ended in 1918. It lasted for 4 years and has been a distant memory. It brought a dramatic change in people’s lives in the United States. Over twenty-two billion dollars were lost due to financing the war. The United States raised the money through income taxes and by special taxes on liquor, tobacco, and theater tickets.
Annie Saavedra Mrs. Snyder Honors U.S. History February 26, 2015 Dear Aunt Bessie, When you told me that there are some people that work for a whole year and earn less than $500, I was shocked. I thought to myself “how could anyone get so little pay, when people worked hard earning all that money?”(Background Essay) It is 1913 and there are many troubles in America. The Progressive Period was the start of the twenty year reform movement called Progressivism. This movement was joined in by: professors, ministers, social workers, and they elected officials; and was brought by muckrakers who addressed America’s undersides specifically child labor, deforestation, women suffrage, and food safety. Presidents Teddy Roosevelt, Woodrow Wilson, and William Howard Taft served during that time and made no significant impact to racial segregation and labor unions.