The economy plummeted and everyone felt the effects of it .The severe downfall of the American economy in the 1930’s known as the Great Depression was the result of speculation and installment buying, income maldistribution, and overproduction throughout America. After the roaring 20’s, speculation and installment buying drastically increased
Many farmers lost their land to the “evils” of the “mortgage system” (Doc. B). As mortgage foreclosures increased, so did the number of farmers forced into tenancy. By 1900, the majority of Midwest farmers were tenants—unable to afford their own land. However, Midwest farmers were faced with other, more severe atrocities that eventually impacted national politics.
So the social groups were formed by what class they were in. Resulting in different political parties being formed. From WW1 Nicholas lost many supporters. Because he left the homefront there was very poor organization for the women and children back home. The prices had risen so much that transport was limited, so not much food could reach Petrograd before it was rotting.
HIS 109 Great depression of 1929 and its impact on poor white groups In the late twenties, in the USA, the stock market business was so flourishing that people from different horizon such as the teller at the bank and the cashier at the grocery store, just to mention a few, would put their money into the stock market and become rapidly rich. Driven by all the joy brought by stock market, candidate Herbert Hoover, during his campaign in 1928 even bolding promised to wiped out poverty on America soil. However , on October 29, 1929 the stock market crashed and plunged The United States in its worst economic crisis. This chaos has been caused by different factors and has terribly affected some groups among which we can cite: The Poor White. The collapse of stock market happened because it had a weak foundation.
Why did opposition to the Tsarist Regime increase between 1881 and 1904? Opposition to the Tsarist regime increased between 1881 and 1904 due to a mix of the effects of industrialisation, which lowered the quality of life for the peasants and the workers in Russia, and government policies such as Russification and upholding the autocracy. Industrialisation, which both Alexander the third and Nicholas the second prioritized in the 1880s and 1890s, caused a lot of problems for the peasants, which mad them oppose the autocracy. Land hunger was a massive problem throughout this time period and only 5% of Russia’s land could be used for farming. So this meant peasants didn’t get a lot of land, which became more of a problem because to aid industrialisation, a policy of export and starve was introduced.
This affected agricultural areas the most. Many thousands found themselves homeless and very isolated like George and Lennie because of this. Furthermore, food prices and items increased making it more difficult to get hold of a job at the time. In some cases people would not get work at all, which is why most characters in 'Of Mice and Men' found themselves in a very lonely and isolated environment. John Steinbeck was well known in American literature in the 20th Century and still is.
The Beginning of the Great Depression One of the most historical events took place from 1929 thru the 1930’s. It took place in one city, but it affected the whole country of America. This well known episode is described as the first era of The Great Depression. The one situation that sparked this chaotic event was the major stock market crash that occurred on October 29, 1929. (Rothbard &Newton, Intro) During this time Herbert Hoover was president and the American culture was spiraling out of control.
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.
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. The tractor was invented which led to a cut in manpower on farms. Millions of people, who called the Midwest home, migrated to California or headed east to areas of New York, Virginia and Pennsylvania looking for a more financially stable life for their families. Many of these families faced hard times even after moving to the West Coast and were subjected to being treated like other racial minority groups.
The Great Depression was the longest lasting economic decline in the history of the United States. After the stock market crash of October 1929, the Great Depression followed. The event caused Wall Street to go into complete dismay, and wiped out millions of banks. For the next decade, social fabric was changed as well as the role of government. For example, spending was lessened and investment was dropped.