The 1960s-1970s was a time period that was very important to American Society. It helped in many aspects but also destroyed in other aspects. After the assassination of President John F. Kennedy, President Lyndon B. Johnson was put to charge. His administration did a few things effectively and vice versa. President Lyndon B. Johnson’s administration effectively made the :Great Society” and then tackled the growing issue of poverty through this program but unfortunately could not help the gender discrimination of this time period.
Americans for the fist time in history believed that the Federal Government was responsible in ensuring the health of the nations economy and the welfare of its citizens. The New Deal didn’t end the depression, but it did provide 6 Americans with an economic blanket that was unfamiliar to them. Some of the great accomplishments of the New Deal we’re Unemployment Insurance, Wars Progress Administration, the National Recovery Administration, and the Civilian Conservation Corp. Those programs that were implemented by President and his administration had long lasting effects on American social, cultural, and economic settings. To conclude, those that lived to experience of the great depression were saved by the election of President Franklin D. Roosevelt. His views and approach on solving the great depression restored the trust in people and their faith.
As the chancellor in 1923 he led Germany out of the hyperinflation crisis and as the foreign minister, he ended Germany's isolation amongst the international community and helped the country to become a magnet for foreign investment. Stresemann was admired by some, reviled by others. In September 1923 when the Germans were unable to pay reperations to France, French and Belgian troops took resources from the Rurh area as payment, which influenced the German workers to refuse to work in Ruhr. The workers strike worsened the fall in production. This encouraged Stresemann to call off the passive resistance and he agreed to repay the reperations and persuaded workers to return to work.
Women and Jews, although sadly for them, were sacked from their jobs and these were given to German men. All these schemes that took place had given many Germans jobs and contributed to the reduction of unemployment. Now that Germany had more men helping to rearm through the large companies, it meant that rearmament could take place quicker and now that unemployment had decreased massively till 1939, that was one less problem that Nazi Germany had to worry about. The ‘Battle for Work’ scheme that was set up to reduce unemployment was successful in ways that it fell from 25.9% in 1933 to 7.4% in 1936. This was great for Germans however it did create some issues as Germany’s ‘secret rearmament’ scheme was bringing in too much imported raw materials into Germany whilst exporters were struggling due to taxes on imports and this left Germany with a big trade deficit.
The Nazi party took advantage of this in Germany, as the Weimar government weakened the Nazi party rose. This was because the great depression hit Germany hard and led to a mass of unemployed German people. The German people stopped supporting the Weimar government and looked at Hitler as a way out from this. The Nazi party 25-point plan seemed to be able to help all types of German people including peasants and businessmen; the Nazi’s used the public
I will be focusing on just a few key areas that have been struck due to the recession for President Obama and the Great Depression for President Roosevelt and how each man either fixed the problem or is attempting to. Here is just a short list of issues: unemployment rate, financial institutions and the stock market. Just like President Roosevelt, President Obama hit the ground running with his uncanny ability to act upon the economic crisis that was yet again effecting the American people. Obama scored major points with the people since within his first hundred days in office he was able to get congress a much needed stimulus package for their approval that would take care of the financial crisis the American people were facing with major businesses and financial institutions declining at a very fast pace. However, Roosevelt was facing a much worse scenario with an unemployment rate of nearly 25% after the stock market crash of 1929.
The Great Depression Vs. The Great Recession: Battle of the Heavyweights Writing Assignment #3 Dominique Worthen Dr. Katherine W. Causey Human Resources BUAD 307 The main causes of both crises lie in actions of the federal government with the addition to careless spending of consumers. In the case of the Great Depression, the Federal Reserve, after keeping interest rates exaggeratedly low in the 1920s, raised interest rates in 1929 to halt the resulting boom. That helped choke off investment. Also, President Hoover signed into law the sky-high Smoot-Hawley Tariff, which subdued trade and damaged American exports throughout the 1930s.
ABSTRACT “Welfare policy successfully weathered an economic hurricane in the mid 1970’s and an ideological blizzard in the 1980’s” (Le Grand, 1990, p350). A statement suggesting that the welfare state in Great Britain had survived a crisis period in history. In the early 20th century it was highlighted in regards to the amount of poverty that men were suffering. Reforms after WWII were implemented and with Keynesian Economics there was an effort to improve the living conditions of the British people as well as the economy. This policy found itself in trouble on a few occasions but during the 1970’s there was a worldwide crisis and Britain asked the IMF for a large loan.
The Goals of the Square Deal was to keep the healthy and powerful form taking advantage of small businesses and the poor. Also, the coal strike of 1902 showed governments changing view towards works by seeing mine works as more important people because Coal kept homes warm and factories workings. Roosevelt used government regulation of business to protect society by making a national park to protect the wilderness. Basically everything Roosevelt started Tart destroyed it or delectated it as an option. Taft’s policies were different from Roosevelt’s because basically everything Roosevelt started Tart destroyed it or deleted as an option.
The New Deal also focused on the recovery of the economy to normal levels and reform of the financial system to prevent a repeat depression (Chen 2013). The New Deal did not end the depression, but it did help get people back on their feet. The economy was also helped by restoring profitability, which was a function of the welfare state. According to Abramovitz (2004), the welfare state grew in response to population growth, increased need for assistance, and the victories of the increasingly militant trade union, civil rights, women’s liberation and other movements. The new welfare state helped to save capitalism from itself by carrying out a complex set of social economic and political functions that mediated poverty, enhanced profits, and muted social unrest.