How, and with what success, did the United States government try to solve the problems caused by the Great Depression?
Thesis: The Great depression spanned a decade beginning in 1929 and ending in 1939. It began with the stock market crash which threw america into financial trouble. President Hoover was in office at the time and failed to save the nation. Franklin Delao Roosevelt entered office and immediately put into place the New Deal which turned out to be the most effective method of the time.
Point I: Emergency Bank Act
Closed banks immediately: stopped the banks from losing citizens money.
Hand chose the banks to stay open: this helped people gain more trust in the banks and prevented “hoarding” where people store money in their homes and keep it from being in the economy.
Point II: AAA
Took food off the market: the philosophy of supply and demand was the driver for this. The less product the more people need it.
Payed the farmers to stop working: helped agriculterers to stay afloat in the economy while they were not farming.
Point III: CCC
Gave people jobs: created jobs and income for people in need. 25 dollars sent home.
Provided worker assistance: gave them lodging food and new clothes all for free.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment