This was very different from the policies that are present in this time. Despite guarantees from President Herbert Hoover and other leaders of the country that the crisis would run its route, matters continued to get worse over the next three years. By 1930, 4 million Americans looking for jobs could not find it and that number had already risen to 6 million in 1931. Meanwhile, the country’s industrial production had dropped significantly by half. Bread lines, soup kitchens and rising numbers of homeless people became more and more extensive in America’s towns and cities.
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.
When the stock market collapsed on Wall Street in October, 1929, it sent financial markets worldwide into a meltdown this was tragic for the German economy. The German economy was vulnerable because it relied on loans from America and exports to fuel it. German workers were laid off. Along with this, banks failed. Inflation soon followed making it hard for families to purchase expensive necessities with devalued money.
During a depression, political trends become extremist and so the Nazis flourished; Hitler offered both a scapegoat and himself as a strong leader to look up to. The depression gave Hitler the edge he needed to gain ninety-five[1] seats in the Reichstag and ultimately progress from the leader of a minority party to the Dictator of the Third Reich. The Depression also drew attention to the weaknesses of the Weimar Constitution; as poverty and unemployment increased, respect for the democratic system drastically decreased. The German population did not want to be governed by a democracy as it was such a governing body that signed the Treaty of Versailles. Hatred for this document was still rife in Germany and so Hitler, who openly detested the Treaty, became the obvious choice.
This was enforced after President Roosevelt whom was the only president that served more than two terms. Congressmen wondered if presidents would become some form of dictators if there was no limit in the presidential office. 3. Washington was the first to establish foreign policy, and issued the Proclamation of Neutrality. What situation did this proclamation address?
$2,000 marked the poverty line in 1929, and yet 60% of Americans made under this amount. This illustrates the immense unequal distribution of money throughout Americans in that only 40% could meet the bare minimum necessary to live. More than the majority of America was living in poverty, causing unemployment and failure to properly distribute money throughout the nation. This horrible situation plummeted the economy and Americans as a whole as well as individually, which makes I.t a main cause of The Great
After viewing this film and researching it, its obvious that there are far too many inaccuracies that took place. Bonnie and Clyde takes place during the Great Depression and during this time some people resorted for a time to revolt. On October 29, 1929 the stock market crashed and within two months stockbrokers lost forty billion dollars. Over five thousand banks failed, leaving depositors with total losses. Over twelve million workers were jobless and families lined up at soup kitchens and bread lines for food (5).This created Americas biggest crime wave in the history.
Clara Nielsen US History 3.11.2015 Civil Concentration Corps Before the Civilian Conservation Corps (CCC) were started our country was in a great depression. People had almost no money and couldn’t afford some of the necessities of life. All around the world there was fires, smoke, floods, drought, erosion, and to top it off the dust bowl. It was very difficult to find good soil. The storms and floods had taken all the good soil in the 1930s.
For three weeks they had to keep street lights during the day. Inhabitants of Oklahoma had to wear dust masks, the temperature stayed on 42,2°C. Because of this devilish combination many farmers were ruined, especially small farmers. The Dust Bowl meant the beginning of migration. 60% of population left this area, in Texas the population dropped from 40000 to 1000 people.
Numerous amounts of people, then lose their jobs and are bound to apply for unemployment in order to provide for their families. For every death in a mass shooting, there are an estimated 80 jobs that are lost that following year (Hristova). This causes an enormous decline in total income made by Americans with a cost of about $221 billion from lost wages (Picchi). Property values also take a huge hit near a shooting site. These areas are now seen as a very unsafe and an unfit environments for people and their families to live in.The United States economy will rebound eventually, but it will take an even longer time for the local economy to get back to normal if possible at all for the community (Picchi).