The collapse of the housing market and unemployment caused the most damage. Between 1991 to 1992 unemployment had gone back up to 2.6 million. Negative equity meant home owner were paying mortgages far higher than their homes were worth. Many people could simply not keep up with the increased prices and resulted in them losing their homes due to the bank repossessing them. The recession hit close to home for the Tories, effecting the middle class not just the working class of the industrial north.
Joseph Canlas Bergen Catholic AP U.S. History September 26, 2011 The Impact of the Great Depression on Social Groups A decade following the end of World War II, tragedy befell the United States. With the transition from war to a time of peace, factories previously dedicated to the production of warfare supplies (i.e. ammo, artillery, clothing, vehicles) were forced to either shutdown or change their produce. Large amounts of money were used in the demobilization of soldiers and these incoming soldiers were in great need for re-entry into the work force. The size of the army was decreasing at the expense of the labor market, which struck its peak at 1.6 million people.
This conflict usually led to dehydration or starvation which led to the depression of losing a loved one. The farm owners exploited farmers in believeing that the job availability in California was significant by mass advertising their need for work and not having enough jobs for everyone migrating to California. Once the Joad family arrived in California, they realized that job availability was hard to come by and even if they found a job, making a living was going to be harder than they thought with the wages offered: “An’ they ain’t much work. An’ wages is comin’ down all a time. I git so goddamn tired jus’ figgerin’ how to eat.” John Steinbeck witnessed the struggles of American people during the Great Depression and wrote about his observations and research in The Grapes of Wrath.
Bands traveled around the country to perform which could incur up to $30 in gas per trip. Gasoline prices fluctuated from $.25-.30 (Historical Gas Prices, 1919-2004) at the end of the Jazz Age causing travel to be quite expensive for large groups. It was cheaper for smaller bands to travel; so many large bands broke apart. Demand for live music began to decrease at the start of the Great Depression because families were too poor to spend their funds recreationally. “25 percent of all workers and 37 percent of all nonfarm workers were completely out of work,” (Smiley).
However, back then numerous people didn’t comprehend just how much of an impact farmers had on their everyday lives. If you took farms away from the United States during this period of time, everything would have entirely crashed. Farmer’s had complications with making a living because the rates of being a farmer were so high, as it is stated in document B. The farmers were also being abused by the railroad companies and banks. Like it says in document F “Nothing has done more to injure the (western) region than these freight rates.” Out west the railroad companies took advantage of the people and often they would charge more than four times the Eastern rates.
Their presence created problems because they competed with local job seekers and were prepared to work long hours and for less pay and they send the money they earn out of the country so its lost to the British economy. Case Study Immigrants into California California was sparsely populated by the Native Americans by the mid-nineteenth century. Since then many immigrants have settled in California. Mexican workers Hispanics have formed the fastest-growing ethnic groups in the USA. Mexico has a poor standard of living and lack of jobs due to that Mexicans (most living in villages)migrate to USA (often temporary).Sometime only the men migrated and returned when they get enough money but now the stay they permanently or bring their families along.
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.
Franklin D. Roosevelt’s Impact On the Great Depression By: Alysha Burnett During the 1930’s, the United States faced a terrifying economic decline due to the sudden decrease in stock prices. This defining event not only affected the Americans but also several other nations around the world. In the U.S., millions of people were unemployed and lost their homes due to the businesses failing and the dramatic halt of the construction companies. As a result, many people found themselves becoming immensely dependent on their new President, Franklin Delano Roosevelt to bring them out of the isolation, poverty, and economic distress. By electing Roosevelt, the Americans lives were in for a positive change.
Soils of this region had always been prone to dust storms in the past, but during the drought of the 1930’s they became far more vulnerable. Farmers had removed millions of acres of the natural grass sod to plant wheat during the previous twenty years. When the wheat failed to grow as the decade-long drought arrived in 1931, the soils were left exposed to the strong winds that annually sweep across the region. Millions of tons of blinding black dust would sweep across the Plains, turning plowed fields into sand dunes. There were a reported fourteen storms in 1932.
The Great Depression was mainly in America but it also had effects on the German economy too. Between the years 1929 and 1932 the amount of world trade fell by around 70 per cent. The unemployment levels rose and wage cuts were made and many people were made homeless due to this, they were unable to pay their rent or their mortgages so many were reduced to instant poverty. Welfare was a problem with the depression, the right wing didn’t like the idea of welfare but some of the left wing parties did. This meant they were arguing over welfare, the fall of Muller government and what they would do with the benefit system.