Similar to the “King Cotton” economy of the Civil War South, the nineteenth century Midwest economy was also “single crop” and thus prone to the effects of global market swings. The sudden increase of wheat quantities available in the world market caused a deflationary effect in the Midwest. There was simply not enough money to go around. Farmers were forced to mortgage their property and their crop in order to make ends meet. Many farmers lost their land to the “evils” of the “mortgage system” (Doc.
He set into motion many new reforms known as the New Deal. The New Deal was a series of economic policies implemented to provide relief to millions of Americans that were stuck in a state of poverty as a result of the Great Depression. The Great Depression was the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s. The Great Depression hit many Americans hard and put them in even harder times. A contributing factor to this economic struggle was the Dust bowl.
This disappointment is clearly shown by the growth of radical activity, which resulted in unrest during the period. For example, 100,000 attended a meeting of the London Corresponding Society in 1795, to protest at hunger and parliamentary corruption. There was also disappointment with the actions of the government during Liverpool’s ministry, 1812-22. For example, the Corn Laws were introduced in 1815. This caused disappointment as it meant that no foreign corn could be imported until the price of British corn reached 80s a quarter.
About 800,000 people left their Great Plain states in search of better life in the west, California(13). Since not only farmers were affected by the “Dust Bowl” but also everyone connected to the strength of the farm communities were affected. The land that they were predicting was their land of their dreams, California, wasn’t much so due to the competing for jobs. Some of the migrants had to compete for jobs or getting horrible jobs with extremely low wages. Though aid was provided to the effected people in 1935.
The Progressivism social reform movements became thwarted by isolationism and conservative fears over The Red Scare. After World War I, Communism had been cropping up in many countries and many became fearful and paranoid of an uprising/plans for a takeover, as was feared happening across the seas. At the time, the labor union movement in America was strong and at 103% interest inflation rate for the cost of living, the economy was in turmoil giving laborers fair reason to strike against the business class who worked them under inhumane conditions for inadequate pay. The wealthy class became entirely distrustful of their lower class counterparts and in their eyes; workers were not to be trusted. In order to prevent a union uprising, like those that were happening overseas in Russia, many union leaders received unconstitutional treatment, many who were native born were jailed, while those who were born elsewhere were often deported.
(Rothbard &Newton, Intro) During this time Herbert Hoover was president and the American culture was spiraling out of control. Massive bank failures occurred more and more each year causing almost everyone to fall into major debt. People soon lost many of their loved items, such as their homes. Those who were forced to the streets either lived in areas known as
Effects of the Great Depression Everyone throughout the United States took a big hit from the economic collapse in the 1920’s. It was called “The Great Depression” because that’s simply what it was. It was the worst time in the U.S. economy to date. Farmers, obviously unemployed men, women and children had to do whatever they could to survive. Farmers had an especially hard time during the Great Depression because many of them had taken out loans to pay for more equipment.
Loyal army has been replaced with around 15 million peasants, the army had sympathised with workers and themselves along with the navy began mutiny against a government they had no wish to fight and die for with the Bolsheviks rioting. In addition, the peasants could not plough, sow or bring harvest as the young men were of fighting in the war. And they were still heavily in debt after the freeing of the serfs – they had to buy their freedom over Fifty years, and many were still serfs. The situation in the countryside caused problems in the cities, because of lack of harvest they were starving, and in the army the peasants in uniform wanted to go back to
‘The Wall Street Crash was the main reason Hitler got into power’. Do you agree? When the Wall Street stock market crashed in 1929 America’s economy was plunged into a depression. This had a big impact on Germany’s economy, as they relied on the loans from America, and was a big reason in the Nazis coming to power. However there were many other factors that contributed towards the Nazis rising to power, for example Propaganda, the weakness of the opposition and the role of Hitler.
Why did support for the KKK collapse after 1925? There were many factors that lead to the collapse of the Ku Klux Klan after 1925.The reborn of the KKK during the 1920s raised national attention and many spoke against it. The Ku Klux Klan was a power group both politically and financially. It was run like a business against Blacks, Catholics and Communists. During the Great Boom in the 20s, farms were industrialising and excess labour that were mainly Blacks and Catholics were moving North.