Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.). Many banks and financial institutions began collapsing which led to irretrievable, uninsured deposits and savings. Fearing further loss, people began spending less which led to a decrease in production and an increase in unemployment. As companies began to fail, the government devised the Smoot-Hawley Tariff in order to protect American businesses. The Tariff placed high taxes on imports leading to a decline in international trade.
It was under the leadership of Alice Paul. In order to convince President Wilson and Congress to pass a woman suffrage movement, they had to undertake radical actions. In 1920, due to the combine efforts of the NAWSA and the NWP the 19th Amendment was ratified. It gave women the right to vote. This victory was considered the greatest achievement by women in the Progressive Era.
Then finally on October 29,1929th the stock market crashed, because no one was buying and this directly led to the Great Depression. After the Stock market crashed not even 2 months later, the stock holders had lost more than forty billion dollars. Though the market had once again began to come of its losses back by the end of 1930, it was not enough and America entered what we now know as The Great Depression. After the stock market
For women, equality was not something easily achieved. Through long years, feminine activists have suffered devastating setbacks, and accomplished significant milestones as well. Monumental efforts to actualize such milestones were made by writer and activist Betty Friedan. Most prominent during the Second Wave of the feminist movement, during the 1960s and lasting through the 1980s, she is accredited with inspiring women across the country and writing one of the most powerful books of the twentieth century (“Betty”). Betty Friedan is the most influential female writer prior to 1980 due to the social changes brought about through her writing, most significantly The Feminine Mystique, and political activism for women’s fulfillment and civil rights.
Nicole McCray Dr. Davis POL-100 10/08/12 Alice Paul Alice Paul was one of the most significant figures in the movement to secure women’s rights in America. As educated, Paul used radical political strategies to produce favorable results for the Women’s Suffrage movement. Her militant actions eventually led to the ratification of the 19th amendment which secured women’s right to vote. Alice was born in Paulsdale on Jan 11, 1885 to William and Tacie Paul who eventually had two more children after Alice. Alice’s parents were Quakers, and instilled their religious beliefs into her.
How and why did particular photographs become iconic symbols of the American Great Depression during the 1930’s? Student ID: 4217350 Throughout the Great Depression of the 1930s, many photographs were taken to capture the economic and social turmoil that have since become iconic symbols of that particular period of American history. One of the photographic pioneers of that era was Dorothea Lange (now recognised as one of the greatest documentary photographers of American history) who worked for a Government run organisation known as the Farm Security Administration. During her career, Lange travelled around the United States recording the unfolding of the Great Depression. She did this through powerful images of the deprivation experienced by Americans as well as uplifting photos that showed that despite the economic devastation, American life went on.
By the time FDR became president in 1933, the unemployment rate was at 33%. The Chicago Grain Exchange, New York Stock Exchange and the banking system had collapsed. The New deal was separated into the 1st New Deal and the 2nd New Deal. The 1st New Deal delt with more diverse groups such as banking, railroads, and industry in which all of them
Before we can explore causes, we first need to define what we mean by The Great Depression The Great Depression was a global economic crisis that may have been triggered by political decisions (war reparations post-World War I), protectionism (Congressional tariffs on European goods) or by speculation .Worldwide, there was increased unemployment, decreased government revenue, a drop in international trade. Its kickoff in the U.S. economy was “Black Thursday," October 24, 1929. That's when 12.9 million shares of stock were sold in one day. It was triple the usual amount. At the height of the Great Depression in 1933, more than a quarter of the US labor force was unemployed.
It was, without a doubt, the longest and most severe economic downturn in American history. Widely held to begin with the stock market crash of 1929, the Depression lasted until the advent of American involvement in World War two unemployment skyrocketed during the Depression years, reaching levels as high as one third of the population. Output shrank tremendously, falling by ten per cent a year from 1929 to 1932. Nearly half of the commercial banks of the United States failed during the Depression. Crop prices fell by over fifty %.
(cite) According to David Whitten a Professor at Auburn University, the unemployment rate in 1893 exceeded ten percent. Then, on October 29, 1929, America experienced an economic meltdown, it was dubbed “Black Tuesday.” This was do to the crash of the U.S. stock market. The Dow opened that day at 299.6, but crashed 68.9 points to close at 230.7, losing 23 percent of its value. (cite) “Black Tuesday” would give