The Great Depression and the New deal
The Great Depression all started when the stock market crashed in 1929. Stock prices fell and a lot of people lost their savings. Everything that is going on with the coronavirus another depression could be in the near future. During the depression, a good amount of businesses closed and the was a surge in the amount of unemployment. During this time people had come used to a new normal and really adjust how they were living. This depression affected everyone in the world, not just in America. The trading with other countries as affected. An unexpected response to the Great Depression was fascism and militarism. Every country responded to how they felt was best for them but some people took advantage of the Great Depression. Joseph Stalin took advantage of the Great Depression, Stalin found a way to take power and put a planned economy in place. Millions of people died during his time of power. This Great Depression changed American politics and economics. Millions of people were homeless during this time and lived in shacks. By 1932 over 12 million people were unemployed. An interesting thing is that during this time divorce rates fell, people couldn’t afford to divorce or live in separate households. This depression brought some families together in a sense. The New Deal was Franklin Roosevelt's solution to the Great Depression. The New Deal increased the power of the executive branch. There were three “R’s” at the center of the New Deal. The relief was to help with unemployment and people of poverty. Reform was to help change and reform the economy and social injustices that occurred due to the Great Depression. We have the social security act and federal deposit insurance commission because if the New Deal. Recovery was to set temporary programs in place to help restart the economy. The end of the Great Depression ended due to World War 2.
Hey Kaitlyn, I enjoyed your post. I definitely agree with you, in your fear of another great depression due to COVID-19. However I do disagree that this time bought families together, due to low divorce rates. Though the divorce rates are low, just as it is right now, domestic violence cases could've been high. The only difference is that then there were no records for such things, because it was believed that husbands had a right to do whatever to their wives.
ReplyDeletehey kaitlyn i love the way you worded this its very well written. you made sure to talk about everything that went on and how people were affected. i think that this all couldve been stopped but it happen and they made strides to make it better =. its crazy that we still feelings affect from it today.
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