Essay on Effects of the Great Depression - 1418 Words

The Effects of the Great Depression The Great Depression was a horrible event that took place almost 100 years ago. It was a time in our society when people had no money and no food. Everyone was losing their jobs because the companies couldn’t afford to pay them and stay in business at the same time. After the Stock Market crashed and the economy went downhill, a lot of changes were made within the government to make sure that nothing like this would ever happen again. This period in time was a sad period, but there were a lot of good things that happened and took place because of it. In order to really understand all the effects that happened after the Great Depression, you truly needed to live during the time period, but we can’t do†¦show more content†¦As their lives were filled with sadness and no hope, they would soon learn that all of that was about to change for them. As the 1932 Presidential elections were coming up, the citizens had to choose the rig ht person to lead them out of the Great Depression. In November of 1932, the United States held a Presidential Election that was crucial to America. The voting was a one sided outcome, as Franklin D. Roosevelt won the election by a landslide over his opponent Herbert Hoover. In his acceptance speech in 1932 when he was a Democratic Party nominee for running president, he made a promise to the citizens of America that there would be a â€Å"new deal for the American people.† He was determined to keep his promise to the citizens of America, that a new deal was coming. He would later keep that promise and would eventually change the economy for the better. Roosevelt’s â€Å"New Deal Programs† were based on helping the economic problems in several different ways. The programs that he designed were to help; â€Å"federal assistance for people who had lost their jobs, houses, savings, and livelihoods†, â€Å"job creation for the unemployed through massive pub lic works projects†, â€Å"agricultural assistance for troubled farmers†, â€Å"manufacturing assistance for troubled industries†, â€Å"stricter banking regulations to prevent bank failures†, â€Å"creation of the FDIC to protect bank customer’s deposits†Show MoreRelatedThe Great Depression And Its Effects1166 Words   |  5 Pages The Great Depression The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and leading to the Great Depression lasted for several years (Shindo). The great depression was a very difficult time in the time that it occurred. It hit people hard and left an everlasting memory (Shindo.) It would lead to a lot of devastating events better all over would feel the affect of this crisis. 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Dabrowski American History II, AMH-2020-H01 7 December 2016 Global Effects of the Great Depression When the American stock market crashed on the infamous Black Tuesday in October 1929, the resulting circumstances were felt worldwide. This crisis resulted in a devastating economic collapse. The ensuing Great Depression was in fact a global event. The world was not immediately engulfed by this wave of economic decline. The timing of economic events varied greatly among nationsRead MoreThe Effect of the Great Depression Worldwide765 Words   |  3 PagesThe Great Depression was a major economic disaster which left the people of the world shocked. Many countries were already left in a bad position due to the effect of World War I. Countries that bought and sold on the international market were affected. The United Kingdom, France, and Germany were just a few of the affected countries that had a difficult time getting their country back to great economic shape. 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