The Great Depression of 1929

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by daniii15x33
Last updated 5 years ago

Discipline:
World Languages
Subject:
English
Grade:
8

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The Great Depression of 1929

Many celebrities or famous political people tried their best to improve the economy. Will Rogers was among them. After the Great Depression hit,the U.S, Rogers gave radio talks on Unemployment. He consistently gave his opinion on the whole sitution. Eleanor Roosevelt was also influential. In 1934, she coordinated a meeting between Franklin Roosevelt and NAACP leader Walter White. they discussed Anti Lynching legislation. She pressed the cause of Black people, young, poor, and unemployed.In the dark days of the Depression, mamy could say that she made the Americans feel like a weight was lifted off their chest.

Policy Analyst

A new policy rose from the crisis. President Roosevelts three goals for his New Deal was to help the people affected from the economic crisis. New laws were put to action to respond to the collapse. They accomplised to set rules. The government lent banks money, the money in the banks were insured. the government helped the farmers by lending them money. and the government controlled the prices of the farming products.During the depth of the Great Depression of the 1930s and into the early years of World War 2, the federal government supported the arts in precedented ways. For 11 years, between 1933 and 1943, federal tax dollars employed artists. Never before or since has our government so extensively sponsered the arts

Historian

Farm Income fell some 50 percent. By 1932 approximately one out of every 4 americans was unemployed. About 250,000 young people were homeless in the early years of the Depression. Many came nomads, traveling the highways and railways. 20% of Americans children were hungry and without proper clothing. Unemployment rose, homelessness increased, and bread queues became a familiar sight in American cities.Farmers were also deeply affected by the depression.Low agricultural prices meant that in some places, farmers could not afford to harvest or market their crops.

The Great Depression

Bibliographer

Economist

The stock market is where people in the 1920s invested money. The stock market is the how companies raise money to get started and later, to get larger. Companies sell shares of stock. The purpose of shares of stock is a person who buys the share of stock, is buying a part of that company. the person holding shares can make profits.On October 24,1929, stock prices began to fall. it was known as "Black Thursday". On October 29, 1929, later nicknamed "Black Tuesday", the stock market crased.The market dropped over 14 billion dollars. By comparison, the entire budget of the U.S government that year was 3 billion dollars. this left many banks and businesses forced to close. People who had invested their entire lifes savings, were now bankrupt. Families lost homes, people lost jobs, and U.S was on the edge of losing everything.


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