The depression lasted for over a decade before an economic upturn began to take hold. There were people suffering a process of returning people to the place they were born and also returning refugees or military persons to the place they were born after World War 1. There were also lots of food shortages and very high unemployment rates which caused many people to starve and to be very poor due to having no job to source money from.
The German people were on food rations and they were in economic desperation and. This caused them to lose many lives due to this. Natural disasters like an earthquake and flood killed many and them, then plague wiped out thousands of people.
This caused Rome to become weak because many people in the army died and many people that helped run Rome died. But then because of the floods and earthquake it killed many people and destroyed many things which really put Rome in a tight spot. Some children left their families to go serve their country. The number of sick people increased because they got sick from tuberculosis or pneumonia and other diseases that spread from lack of food or medications.
The people died from the disease or they committed suicide because they did not know what to do with their life because they were unemployed and living on the streets and were starving. The people that were living in the streets were now robbing stores and anything on the site that they could eat or use because they could not feed their family and did not have the money or a job. This was the social effects of the German.
Beginning with the stock market crash of , the Great Depression took the country by storm. Suddenly, many people were out of jobs and unemployment skyrocketed. Wages were majorly reduced which affected home living situations causing overall devastation.
This economic downfall caused chaos and a change in society as people were struggling more than ever to maintain their previous lifestyle. Money was tight so fashion became less extravagant and exotic and resources. This lead to a huge number of house for sale and nobody able to buy them.
As a result prices fell leaving people paying more than what there house was worth. This caused even more people to walk away from their mortgage because it was a waste of their. During the - many people were in debt and a lot of jobs were lost. The Great Depression was bad it affected the whole world, the hoover dam was created and the welfare system was also a result of the Depression.
The Great depression had alot of effects on people and the world. The trading routes with other countries to America stopped. When the businesses started to lose their money, they had to start letting their workers go. This resulted in the unemployment rate rising immensely. The closing of the Ford Plant is an example of the spike in the unemployment rate. The leader at the time was Hebert Hoover.
He would have to save the country from its downfall. There were two presidents in Depression Era United States. One that had inherited the country in a seemingly prosperous time and the other credited with its recovery. Hoover has a place in history known for his failures at bringing the country. How did both administrations attempt to deal with the economic stagnation, social hardship and psychological impact of the depression?
What needed to be fixed and which approach proved more successful? In your essay you should address not only the underlying economic and social problems that both administrations had to deal with and the various.
One of the bleakest economic downfalls in the United States was during the era of the time known as "The Great Depression. It originated in the United States, mostly effecting the years of 's. The events of the Great Depression spread across nations and ended for some countries as late as The Great Depression not only effected the economic life of the American citizens, but also the spirits the people.
The feeling. Because of the plague known as the Great Depression, Herbert Hoover is often seen as one of the worst presidents in American history. He enacted policies such as the Hawley-Smoot Tariff that flushed America deeper into the depression. Hoover didn't understand that to solve a crisis such as a depression, he needed to interact directly with the people by using programs such as social security and welfare. Instead, Hoover had the idea that if he were to let the depression run its course, it would eventually end.
World War I brought Hoover to prominence in American politics and thrust him into the international spotlight. In addition to running the U. Food Administration, which allocated America's food resources during the conflict, Hoover organized and administered several private relief efforts before, during, and after the war.
He thus became an important war-time adviser to President Woodrow Wilson even though he was a Republican. Wilson, in turn, made Hoover part of the American delegation to the Versailles peace conference that concluded the war. During the s, Hoover rose steadily in Republican politics, serving with great ability and distinction in the Harding and Coolidge administrations as secretary of commerce.
Owing to his record and an effective public relations effort by his supporters, Hoover was the most prominent Republican in the United States when President Calvin Coolidge announced, in August , that he would not seek another term.
Hoover easily won the Republican nomination for President. His platform rejected farm subsidies, supported prohibition, pledged lower taxes, and promised more of the same prosperity Americans had enjoyed during the Coolidge years.
Smith was a distinct underdog, however. His religion and his anti-prohibition position alienated many southern Democrats, a key constituency in the party. Hoover, on the other hand, was an extremely attractive candidate, the man who would help Americans attain new levels of prosperity—or, as a Republican slogan claimed, put "a chicken in every pot and two cars in every garage. Hoover came into the presidency as one of the foremost proponents of public-private cooperation—what was termed "volunterism"-- to maintain a high-growth economy.
Volunterism was not premised on governmental coercion or intervention, which Hoover feared would destroy precious American ideals like individualism and self-reliance, but on cooperation among individuals and groups. Hoover did not reject government regulation out of hand, however; in fact, he supported regulating industries such as radio broadcasting and aviation that he believed served the public good.
But he preferred a voluntary, non-governmental approach to economic matters, the better, he reasoned, to protect what he called the "American character.
Having both domestic and international causes and effects, the Depression afflicted almost every sector of the American economy although some more severely than others , revealing serious structural weaknesses that resulted in high unemployment, low economic growth, and financial instability.
Most important, the Depression sapped the American people's confidence and will. The Great Depression was a stern test for Hoover's approach and one that proved too difficult to manage. His voluntarist-inspired persuasion and programs failed to stimulate the consumption and production needed to jump-start the economy. Some policies, like the Hawley-Smoot Tariff bill that Hoover signed, retarded growth and recovery by raising tariffs especially on agricultural products and stifling international trade.
His Agricultural Marketing Act had little impact on the prospects of American farmers. Hoover eventually did support some interventionist government programs aimed at combating the Depression.
Though undersized, the Reconstruction Finance Corporation used federal money in an ultimately unsuccessful effort to stabilize the nation's banking and financial sector.
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