*This will be graded*
Please answer all of the questions below:
1. Using evident to support your opinion, was FDR's New Deal a success or a failure?
2. What were some of the causes of the Great Depression? How did Hoover’s policies worsen the effects?
3. Why did the Great Depression end?
4. What short-term and long-term consequence come from the Great Depression?
Sonya Raab
ReplyDelete1. FDR's New Deal was more a failure because most of it was only temporary. The New Deals goals was to provide temporary employment and try to reform the economy. The problem with this was only temporary. We used an example in class "if you give a man a fish he has food for a day, if you teach him how to fish he has food for a life time." Basically what the new plan was doing was only giving people fish everyday and not teaching them how to fish. In the long run the New Deal failed in most places because it didn't really solve to much.
2. Some of the causes of the Great Depression were the stock market crash, bank failures, and the global crisis. The stock market crash led to many problems like bank failures, unemployment, and people had to stop spending money. Also when America started there Great Depression it spread to other countries because nobody could trade anymore and led other governments and economies to fail as well. Hoover was the president before FDR and he made many plans that failed and worsened the government. He made plans such as the Bonus Army which was for unemployed veterans to have a job and work on making the army stronger. But really Hoover needed to be focused on the economic crisis. Another relief program was the Agricultural Marketing Act. This act would give money to the farms, however this eventually failed and a doubt came leaving the farmers stranded.
3. Some people say the Great Depression never really ended. To this day there is still an economic crisis. Maybe the economy will never be as bad as it was those few years, but eventually things worked themselves out and more people became employed and the banks started opening again and the economy eventually got better but in the long run the Great Depression never really ended.
4. Short term consequences from the Great Depression were that the world was pretty shut down and restricted. People were in debt and so were the countries. Banks shut down and people were unemployed. A global crisis started because nobody could trade so the Great Depression spread. Also there was a lack of credit. People just didn't have money and the banks didn't have money to lend. The long-term consequences consisted of the whole world having to recover which is taking to this day. The whole world has to deal with the fact that an economic crisis could happen at any time again.
FDR’s New Deal was a small success, but if there were a few differences in the policy it could have been a much bigger success and would brought the United States out of the Great Depression. When FDR came into office he tried to create new systems such as Social Security and the FDIC, but I think he could have brought the United States out of the Great Depression by cutting taxes drastically. FDR raised taxes, however it just made the poor poorer. If he had made a severe tax cut people would have had more money to spend which would have nourished our economy. The lower taxes there are, the more money there is to spend, which creates businesses to flourish and when businesses flourish it creates more jobs which then creates more money in our economy, it is one big cycle.
ReplyDeleteI think a main cause of the Great Depression was the false sense of prosperity that the United States felt during the roaring twenties. The overproduction of products and the access to goods created a false sense of comfort for Americans. Once the stock market crashed the economy came to an abrupt halt. Banks had began to fail and people were franticly taking their money out of banks. Of the 25,000 banks in the United States, 11,000 failed. With the failing of banks there was a lack of credit witch made big purchases such as homes hard to buy and people stopped spending. When people stop spending money businesses completely stop and the economy doesn’t function. President Hoover’s policy of Laissez Faire was completely ineffective. Hoover as a republican did not believe in the idea of government relief for people in need of financial aid. I personally interpret President Hoover’s policies as if he was sitting on the lawn of the White House while he watched his countries economy crumble. Since Hoover stood by and did nothing it made it harder for the United States to recover from the damages of his policy.
The main reason The United States got out of the Great Depression is because of WWII. People who were unemployed could simply enlist in the United States army. The New Deal’s intent was to create jobs, but it really didn’t work especially in comparison to the opportunity to enlist in the army.
Long-term positive consequences after the Great Depression were that the FDIC and the Social Security System were created in the United States. This ensured hope in Americans that the United States would now have a safer more effective monetary system. A short-term consequence was the reduction in income. During the Great Depression, and during the recovery from it, American household income decreased dramatically. American income fell from approximately $700 per person annually in 1929 to $400 per person annually in 1933. The Great Depression caused the Untied States major stress economically politically and socially.
In my opinion, the New Deal cannot be defined as a success or a failure. The reason for this, is that the New Deal was the most expensive government program and it occurred during the worst economic crisis in the United States. This would be viewed as a failure, even though the plan created many jobs that gave Americans the initiative to get jobs, and to explore skills in order to obtain permanent jobs which was a leading factor to bringing the United States out of the Great Depression. The leading cause of the Great Depression was the Global Crisis. When WWI ended there was much debt to be paid, and the economy depended on that debt being paid. When Germany was unable to pay the money it owed, that put the worlds economy in a terrible place, which most likely caused the Great Depression. One could argue that it was the Stock Market crash, but I believe if the debts were paid this event would not have occurred. The Great Depression ended with the beginning of WWII. Many people argue that WWII was not helpful, and their points are valid for any other war but this one. WWII created many jobs for the United States people. These jobs are what gave strength to the economy lifting us from the Great Depression. Historians and economists argue that the war made the United States depend on war time products which was not good, even if the US did depended primarily on war products during the time, those products brought the economic crisis to an end which was the main goal. (That and the United States did successfully maintain its economy when the war ended). Short term consequences of Great Depression were it created a lot of unemployment and destroyed the US economy. It caused many banks to fail and it ruined the lives of many American people. Some long term causes that the Great Depression left were debts and a bad reputation on the United States. An example fo debt, which was from WWI, was Germany who finished paying the United States last week. An example of a bad reputation of the United States, is that in most history books throughout the world, it is expressed that the crash of the United States economy was the main factor in the global economic crisis.
ReplyDelete1. I think Franklin D. Roosevelt's New Deal plan was a failure. This particular plan did not accomplish the goal of put a stop to unemployment and poverty in order to turn the United States around. The ones who are against the New Deal complain that it never actually eliminated unemployment in America and that Roosevelt's New Deal only had a temporary effect that eased the unemployment into believing that all their issues would end shortly. All the acts established in the New Deal were temporary ideas and that there was no stable planning for America's fate.
ReplyDelete2. Some causes of the Great Depression were the stock market crash of 1929, bank failures, and the Dust Bowl. The stock market crash in 1929 on Black Tuesday, was one of the many causes that led to the Great Depression. A few months after the significant crash, stockholders had lost around $40 billion. When the banks failed, bank deposits were uninsured and people lost their investments. The banks that struggled to survive and were hesitant of the economic circumstance, stopped being benficial to establish loans. Lastly the dust bowl, was the massive drought that happened in the Mid-West in the 1930 where many were not capable of paying their own taxes or different debts which led them to sell for no advantage to themselves. However, President Hoover's policies of either preserving high wages, setting cost and manufacture control, applying security, and expanding spending and taxing crucially damaged the opportunity for the economy to correct itself. The failure of the Hoover administration was not that it caused too little to fight the Great Depression, but that it did too much which made the crisis intensify.
3. In the 1930s, the Great Depression was finally settling down, but still several citizen were still in poverty. The United States observed as the German army became more dominant and overthrew nearby nations. Due to the occupation in Poland, WWII broke out in Europe and the struggling American economy was uplifted when the nations in battle were in need of supplies. However, when Pearl Harbor was hit in 1941, America went into war and the U.S recruited around 10 million soldiers into the army. As the soldiers fought, the citizens back home were depended on to work in factories and make supplies for the war attempt. The instant need for soldiers, weaponry, workers, etc, all played a part in the end of the Great Depression.
4. I have to agree with Jenna, that a short-term consequence during the Great Depression was the distinct decrease in income. During the Great Depression, many families suffered a considerable loss of income during Herbert Hoover's term as presidency, by dropping 35% in those four years to $15M. This put a lot of tension on families, by forcing them ask family and friends for help, or sometimes the government, and other times they handed in all the money they had. However, a long-term consequence, was the significant change in the form of American politics, for a change in Americans' assumptions about the government, and for a adjustment in the United States foreign policy around the 1930's. This drastic change affects our society today.
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ReplyDeleteFranklin D.Roosevelt's "New Deal" plan was untimely not successful in ending the great depression. It was, however successful in providing the country with needed jobs and public construction projects. A great example of this was the construction of the Hoover Damn in Nevada and Arizona. Thousands of jobs were created and great benefits resulted from the construction of this giant damn. The plan was something that most Americans wanted but also what most Americans needed. The "New Deal" allowed the Government to take control in trying to restore the banks and protect deposits. If the banks had some saved money the Government would help to get the bank back up and moving. Programs were established to provide jobs to the millions of people who lost their job. An example of a program during this period was the Civilian Conservation Corps or the CCC. The CCC helped to create road ways and bridges. Other programs were the Works Progress Administration and the Tennessee Valley Project. Like the CCC these programs gave many Americans jobs and a sense of stability for a short period of time.
ReplyDeleteSome of the major causes of the Great Depression were the false sense of prosperity, the crash of the stock market, and the speculation and overleverage. Because of the speculation and overleverage, meaning that the stock market had loose regulations and people could use credit to buy stock, it lead to the stock market crashing. On September 3, 1929 or Black Tuesday the stock market crashed and fell from 381 points to 41 points. This made the American economy come to a sudden standstill. President Hoover and his administration created the Hawly-Smoot Terrrif Act in 1930, which put a tax on all goods that were imported into the United States. By putting this act into place Hoover was hoping to stimulate the American economy, by making it so Americans would only by goods and products made in the United States. Naturally this act failed, and only made the products being sold in America more expansive. The companies selling the goods had no business because the Americans were not buy expansive products. Also this effected the global crises because foreign countries were not able to continue to sell Americans their goods and raw materials.
Despite all the efforts from FDR and the New Deal” the economic collapsed that the United States experienced in the 1930’s was not ended by the “New Deal”. Unemployment in the United States remained very high until the start of WWII and the giant increase in industrial production that occurred because of the war. The war created full employment, even for women and minorities as the men went to war. The Government policies during the Great Depression helped Americans to survive the economic collapse, but they never could take the place of sector in creating new real jobs and economic growth.
The long term consequences that came from the Great Depression included many great social changes and new involvement by the government into peoples lives. The government created social security which to this day we still have. Also the government set in place many banking laws. The short term consequences that came from the Great Depression also included many great social changes and new involvement by the government. A social change was the dust bowl in the mid-west. This drought made the farmers and families living in the mid-west migrate to large cities were it was nearly impossible to find jobs. Also the farmers were having a hard time functioning in the large cities. The government was also much more involved in peoples everyday lives and small and large companies and industries. The government set many peoples salaries and how much the companies should sell their products for.
I believe FDR’s New Deal was not a success. The new deal was established to save the united states from the great depression by stimulating jobs throughout the U.S. Although, the New Deal supplied many people with jobs, the success was only temporary. The success was temporary because giving people jobs did not teach the people anything. Secondly, the New deal was not a success because it was the most expensive plan the United States has ever funded , and in the end it turned out to be a big waste of money.
ReplyDeleteThe main cause of the great depression was the Global Crisis of the 1920’s. Although America had won WWI, Germany was unable to pay all of the war debts and this caused a huge amount of problems because America did not have enough money to pay for the war reparations. As a result, America’s economy suffered extremely, and pushed America towards the Great Depression. Hoovers policies worsened the situations because when he created Hoover Moratorium in 1931 which was a one year break from paying war debt which would allow time for economic recovery it only caused the great depression to worsen, because it was a small relief program that worked really slow and in general caused the economy to become even more unstable due to the high debts that America was still unable to pay.
Some other main causes of the great depression were the stock Market Crash, Bank Failures, and the lack of available credit. The stock market crash which was on Sept.3 1929 was when the stock market drastically decreased from 381 points to 41 points. This was extremely epic because this had never ever happened before, and it seemed unlikely because the stock market seemed to have been doing extremely well. The stock market crash lead to Bank failures because people were scared that they would lose all of their money, so they withdrew all of their money from banks. This resulted in banks failing all around America and even around the world, mostly in European Counties. After the failure of Banks it lead to the lack of available credit, which was when people went to the banks for loans the banks could not help them because they had absolutely no money.
The great depression ended due to WWII. World War II ended the great depression, because many Americans were supplied with jobs. This caused the economy to become much more stable and people were less dependent on the government. Secondly WWII was the main reason the great depression ended was because America won, and Russia was the one whom suffered. This was much different from the results of WWI, because although America won the war with Germany they did not finish paying war debts until present day 2010.
come from the Great Depression?
Some short-term consequences of the Great depression was the unemployment of Americans, because once WWII began many Americans were supplied with jobs. Bank failures were also a short term consequence because once the economy became more stable, and the stock market increased people started to put their money back in the bank. The main long term consequenceis the Crash of the stock market because, Although the stock market has risen and declined throughout the decades it is still pretty unstable in the present day, and some can for see a future Great recession.
Franklin Roosevelt's New Deal was a complete success for what it was supposed to accomplish. It was supposed to relieve the American people of unemployment and all of the other consequences of the Great Depression. For example, The Fair Labor Standards Act was of great relief to the unemployed American people. This bill set the standards for all employed Americans. They would have a minimum hour work week in which they got paid an increasing wage. This was just one of the many acts that brought relief to the American people. The New Deal was, however, a series of acts that brought short term reliefs. This was still successful because the United States was in such economic turmoil that short term relief had to be established before long term success could be found.
ReplyDelete2: There were many causes that led to the Great Depression. Some of these causes were the false sense of prosperity, the failing of banks, and the lack of spending from the private sector. President Hoover made the situation much worse. After the stock market crashed, Hoover made significant tax cuts, rushed the completion of construction projects, and doubled the money spent on public projects. Hoover was simply spending money that the government did not have. He also did not make any immediate changes that would stabilize the economy, or at the very least bring relief to those who already suffered. As a result of Hoover's lack of decisiveness, the amount of unemployed Americans rose, and the economy became more and more unstable.
3: The Great Depression ended when the United States went into war. After the bombing of Pearl Harbor, President Roosevelt declared war on Japan. All of the industries and companies in the United States were needed to help the war effort. This declaration of war called for the assembly of 60,000 planes, 45,000 tanks, and 20,000 anti-aircraft guns. The increase in production caused the need for more workers. This ended unemployment, and the Great Depression soon after.
4: There were countless short term consequences of the Great Depression. One of the most extreme consequences was the high rate of unemployment in the United States. This destroyed businesses, industries, and families. People were never the same. Those who had family businesses were left with nothing. The country had to start over. Another short term consequence was the failure of banks. Americans had no more money to deposit, and banks could not lend to companies that were trying to start over. The failure of banks hindered that rate of positive change that the country needed. There are many long term consequences of the Great Depression. One of those consequences is the amount of debt that still has to be payed. The Great Depression caused a ripple effect that has changed the way our country operates both politically, and economically.
1. Roosevelt's "New Deal" plan was a success in the short term but not in the long term. The goal of the New Deal was to provide the American people with jobs and money immediately so that they could survive. This was achieved but so much money was spent on giving people jobs that usually would not need to be payed to be done. The United States spent so much money on the New Deal and got no profit or anything back that they lost most of that money. The jobs that were being provided for the American people were not ones which would give back to the economy in a big way and ultimately lost the US a lot of money.
ReplyDelete2. There were many things that caused the Great Depression. Two things that I think are more prominent are the crash of the US stock market and global crisis. When the stock market crashed many banks and businesses had to close. They were not making enough money to stay open because the American people stopped spending money and took their money out of the banks. The Great Depression in the United States spread to other countries because as the US could not afford to trade and other countries stated not to be able to as well. Other country's economies started to fail because of the US' economy failure. It was very much a domino effect. President Hoover put the Hawly-Smoot Terrrif Act in affect in hopes that it would re-stimulate the American economy. The Hawly-Smoot Terrrif Act put a larger tax on all imported goods that were coming into the United States. Hoover's idea about this was that it would increase the money the US was making but other countries only raised their taxes on imported goods as well. This forced each country to only buy and sell its own goods and that put a stain on all of the economies of many countries.
3. One of the main reasons that the Great Depression ended was because the United States went to war. The war time economy created more jobs for people in the United States as weapons, food, clothing and many other things needed to be supplied for the war. With all these new jobs opening up widespread unemployment ended and soon after the Great Depression did as well.
4. Short term consequences of the Great Depression were the very large amount of unemployed American people. Also the destruction of many businesses and companies. As many smaller businesses had to close people and families who received their main income from that business literally had nothing left. Another short term consequence was the failure of banks, as the banks had no money in them because people took out all their money to try and save it. The banks also had no way of helping those businesses that needed help because they did not have enough money to give out any loans. Long term consequences are the debt in the United States, so much money was spent and lost in that time that it will take many more years for the US to even come close to getting it all back. Another long term consequence is the permanent effect that the Great Depression had on other countries economies besides the US. The United States not only hurt themselves with this but many other countries as well.
OLIVER:
ReplyDelete1. Using evidence to support your opinion, was FDR's New Deal a success or a failure?
In my opinion FDR’s New Deal was a partial success. The New Deal was able to bring some financial stability to the United States; however, the New Deal was not able to completely restore the economy. “[W]hile the New Deal did help restore the GNP to its 1929 level and did introduce basic banking and welfare reforms, FDR refused to run up the deficits that ending the depression required.”1
2. What were some of the causes of the Great Depression? How did Hoover’s policies worsen the effects?
Some of the causes of the Great Depression were: a false sense of prosperity, the stock market crashing, banking failures, lack of credit, people spending less money, high unemployment, and a drought in the Midwest where many American farms existed. Hoover’s policies worsened the effects of the Great Depression by keeping wages high, which forced businesses making less money to cut workers. He also regulated price and production controls, particularly of farming, which had the effect of reducing demand for American products abroad. In addition, he had to increase taxes to fund his public works program, which reduced private investment. This prevented the economy from correcting itself after the crash.
3. Why did the Great Depression end?
The Great Depression ended mainly because of World War II. Millions of unemployed American people were able to get war-related jobs and serve in WWII. WWII also caused production to start moving again with the need for guns, tanks, and planes.
4. What short-term and long-term consequences come from the Great Depression?
The short-term consequence of the Great Depression was that many measures were put into place to prevent another depression from happening. More government regulation of the economy was established, shifting some economic control from the markets to Washington. Banking reforms and new investment regulations were set up. A long-term consequence was more economic security for citizes. Unemployment compensation meant that unemployed Americans would have some support during economic downturns.
STEVE: Question 1:
ReplyDeleteTo be completely honest Roosevelt's new deal was not very successful. It was a valid but attempt to bring America out of it's dark pit of depression but did not quite live up to its potential. In fact America's Gross National Product, Amount Consumer goods bought and Private Investment in Industry all dropped significantly dropped between 1928, when Roosevelt came to office and 1939 when Roosevelt left office. Although the new plan did not really hurt the United States, it did not put an end to unemployment nor did it stimulate Americas economy, thus making it unsuccessful.
Question 2:
In my opinion the two main causes of the Great Depression were America's false sense of security and the Unites States poor economic state post World War One. Coming out of the Roaring Twenties everything looked bright for America. However, this overconfidence lead to uneven distribution of wealth, overproduction of goods, and care free spending that would come back to haunt America. In addition to this, the United States global crisis only made things worse economically. During World War One America was a world loan bank and Europe could not pay the United States back. Sadly Hoovers efforts to help Americas economy only made matters worse. Hoover did have good intentions but his methods of increasing wages as well as taxes did nothing but hurt America's economy more.
Question 3:
The primary cause for the end of the Great Depression was the beginning of World War Two. Americans observed as Germany became a threatening power and took over neighboring countries. With the invasion of Poland World War Two erupted in Europe. Now all the currently fighting countries needed supplies which created booming business in the U.S. In 1941 the United States entered the war and the flush of new soldiers opened up many new job opportunities. For both these reasons America's economy skyrocketed higher than ever before.
Question 4:
The Great Depression had drastic effects both short and long term. The worst effect in the was the countless Americans left poor, jobless, and on the streets with no food to feed their families. The depression caused millions of Americans to suffer and worst of all loose hope as well as pride in their country. Looking at effects in the long term the United Sates learned a valuable lesson. America learned that they can never get carried away no matter how much their economy is thriving. Many factors go into having a stable economy and if anything the Great Depression taught America to always be conscious of what s happening. If America or any other country is not totally aware of their surroundings then as a result a Great Depression can happen.
QUINN: FDR’s New Deal was a failure due to its restrictive impositions placed upon a economy suffering from inflation and minuscule growth. As an example, FDR forced large corporations to increase their wages, creating a second wave layoffs. As well FDR created jobs by employing thousands temporarily to work on public reconstruction projects. When these jobs were terminated there was no know employers largely because of the marginal growth rate. FDR’s regulations stretched the Depression into 15 years because of his attempts to manage growth and to stray from capitalism.
ReplyDeleteCauses of the Great Depression include national unemployment rates of 25%, the bankruptcy of 5,000 banks and 32,000 businesses and starvation. Hoovers worsened the effects of the depression by heightening tariffs, which halted the flow of foreign goods into the US and by creating thousands of short term jobs giving the false sense of economic stability.
The Great Depression finally ended due to the new economic policies during WWII and the availability of jobs during WWII creating a sense of economic prosperity. During and after WWII businesses were formed and money became available to reinvest into the American economy. On a side note america regained its title as a world power and proved to be a safe investment option of foreign nations.
The Short Term Consequences of the great depression are the lifestyle acquired by the peoples effected by the great depression. The lifestyle changes include unemployment, lack of food, lack of shelter. The market crises only lasted until 1945. The long term consequences are that parts of the economic policy from the new deal has lasted until current day.
Victoria: 1. FDR’s “New Deal” can be debated from both stand points. It was successful in terms of immediate relief by creating temporary jobs and a sense of stability. Also, it proves to be a framework for our politicians today because Bush and Obama learned from FDR’s mistakes and failures and adapted some of his ideas to invent the bailout. On the other hand, it was a failure because it was an expensive endeavor in a time of despair and poverty. It did not have ample substance to be a long-term fix and it created government dependency due to lack of motivation since “the fish” was being given to the man; thus, he found no reason to acquire the knowledge of “how to fish”.
ReplyDelete2. One of the initial events that set the Great Depression into motion was the Stock Market Crash on September 3, 1929 and “Black Tuesday”. Following, people rapidly withdrew their money from banks and set the vicious cycle of widespread bank failures, which in turn led to unemployment and a general decrease in consumption. Another valid cause was the war debt from WWI because Germany owed a significant sum of money due to their loss in the war and when Germany defaulted it paved the way for economic setbacks and furthered debt. In general, Hoover’s policies spent money without reaping the benefits. Unemployment continued to climb and by 1933 one-fourth of the nations working population was unemployed. For instance, Hoover’s Early Relief Effort set the goal to have the government avoid directly helping individuals in need when in fact, what individuals needed was direct help. He was a firm supporter of a free-market; thus, he ultimately left his nation to defend for themselves in these dire times. Additionally, his Emergency Relief and Construction Act ended up benefiting the rich businessmen more than the struggling businessmen-furthering the margin between the rich and the poor.
3. There were a few contributing factors to the end of the Great Depression. First and foremost, WWII is thought by many to have ended the G.D. Wartime industries played a huge role in creating jobs such as being a soldier and working to manufacture weapons etc. Others argue the “New Deal” played a part in the end of the G.D. because it created immediate and temporary jobs as well as a general sense of improvement overall; however, ultimately WWII was more credible for the end of the G.D.
4. Short-term, the Great Depression made for miserable times, miserable people, and a miserable economy. Unemployment reached unbelievable highs while poverty plagued Nations all over the world. Poverty also brought on increased violence and crime and many lives were lost in riots and other forms of protesting. Long-term, currency values were all over the board and it took time to build the economy up to what it was pre-G.D. Also, people returned after the G.D. with extra caution and hesitation regarding money and their governments. It ultimately led to WWII while debts were still owed and banks had yet to come alive again. Although it is a somewhat broad statement the longest lasting consequence was really repair-repairing the economy, the government, and peoples faith.
RENE: The New deal was a failure. It only was working for the time being. FDR was paying for jobs that people wouldn’t usually get paid for. It was just to get people up and doing things and it was a lot of money.The New Deal could not afford to this long term so plan was a failure. Hoover made the Bonus army for war veterans and that was a huge failure because he didn’t have the money to pay them. A long term consequence of the Great Depression was it left many under the poverty line and unemployed. Another consequence was that many governments in the world were having problems because there was no money since the U.S was in a way the World Banker.Agricultural marketing Act tried to help the farmers but this idea failed terribly. The Great depression ended because of World War two. All of the unemployed men became soldiers and there were many jobs to supply for war. The great Depression was not gone it was just for the time being because once the war was over all soldiers came back with no jobs and there wasn’t jobs needed to make war supply. It was just an illusion for the time being.
ReplyDeleteI feel that FDR's New Deal plan was a failure. This particular plan did not accomplish the goal of put a stop to unemployment and poverty in order to turn the United States around. One example of this failure was the construction of the Hoover Damn. Although it created thousands of jobs were created and great benefits resulted from the construction of this giant damn. The plan was something that most Americans wanted but also what most Americans needed.
ReplyDeleteSome of the cause of the Great Depression were the crash of the stock market, the failure of banks, and the false sense of prosperity. These led to a major rise in unemployment because no one was buying and in turn there was less to produce.
The Great Depression ended because of the ability of the US people to restart there communities. World War II helped in starting this restart of the economy.
The short term consequences of the great depression were unemployment and World crises. The long term consequences were a whole new type of money systems.
Margeaux:
ReplyDelete1. Using evident to support your opinion, was FDR's New Deal a success or a failure?
The New Deal appeared to be a success but really it was a failure. Part of FDR's plan was to give out jobs to the unemployed and hope that the money that those people earn get circulated back into the economy thus creating a more stable economy. This plan was a fail because the jobs that were created were completely unnecessary and it was a waste of money. Most of those people that were earning that money was very much in debt and saving for a family and home. The last thing that those people will be doing is spending that money and letting it get circulated back into the economy, those people will be saving that money for major items that they can use for their future. This takes so much money out of America and it all sits in a bank growing but being spent. America at that time needed a more of a sure plan to get the money back into the hands of America.
2. What were some of the causes of the Great Depression? How did Hoover’s policies worsen the effects?
The Great depression was majorly a cause of the Crash on Wallstreet. Because of the crash it sent the entire nation into chaos. This was the starting wheel that made all the people aware that the country was in mass amounts of trouble. Hoover's plans did not help the country at all, he had a more peaceful way of approaching things when he really should have had an aggressive approach and heeled the gap between the "rich" and the "poor". Because he was of a peaceful view he did not think to put America into harsh actions to let America recuperate.
3. Why did the Great Depression end?
The reason the Great Depression ended was because not because of the New Deal or any of the many other actions taken by the presidents was WWII. Although it was one of the worst wars this world has ever seen it did benefit America in a way. When war comes, so does jobs. The army needs new troops and laborers are needed to make the materials those men will use and wear. This helped majorly in the economy and by the end of the war it let America regain power and its strong title and the respect of foreign nations.
4. What short-term and long-term consequence come from the Great Depression?
Some people may say that the Great Depression never really came to an end. Because of that major crash, America has never been the same. Long-term, we are still in an economic crisis. We are both falling apart nationally and fighting internationally. This puts our nation very much into debt and distress. As for winning wars, it does not do very much good always because although its better to win, the losing nation may not always be prepared to pay for damages such as Germany who has just only paid back America for WWI. This is very significant because it is both a long- term and a short- term consequence. In the 1930s Americans did not trust the banks, they did not even trust to spend any of their money only creating more and more problems for the U.S. It took America a long time a war to recover from the Great Depression and we are more then three wars later and we are going through if the same but a worse suffer economically.
Margeaux: 1. Using evident to support your opinion, was FDR's New Deal a success or a failure?
ReplyDeleteThe New Deal appeared to be a success but really it was a failure. Part of FDR's plan was to give out jobs to the unemployed and hope that the money that those people earn get circulated back into the economy thus creating a more stable economy. This plan was a fail because the jobs that were created were completely unnecessary and it was a waste of money. Most of those people that were earning that money was very much in debt and saving for a family and home. The last thing that those people will be doing is spending that money and letting it get circulated back into the economy, those people will be saving that money for major items that they can use for their future. This takes so much money out of America and it all sits in a bank growing but being spent. America at that time needed a more of a sure plan to get the money back into the hands of America.
2. What were some of the causes of the Great Depression? How did Hoover’s policies worsen the effects?
The Great depression was majorly a cause of the Crash on Wallstreet. Because of the crash it sent the entire nation into chaos. This was the starting wheel that made all the people aware that the country was in mass amounts of trouble. Hoover's plans did not help the country at all, he had a more peaceful way of approaching things when he really should have had an aggressive approach and heeled the gap between the "rich" and the "poor". Because he was of a peaceful view he did not think to put America into harsh actions to let America recuperate.
3. Why did the Great Depression end?
The reason the Great Depression ended was because not because of the New Deal or any of the many other actions taken by the presidents was WWII. Although it was one of the worst wars this world has ever seen it did benefit America in a way. When war comes, so does jobs. The army needs new troops and laborers are needed to make the materials those men will use and wear. This helped majorly in the economy and by the end of the war it let America regain power and its strong title and the respect of foreign nations.
4. What short-term and long-term consequence come from the Great Depression?
Some people may say that the Great Depression never really came to an end. Because of that major crash, America has never been the same. Long-term, we are still in an economic crisis. We are both falling apart nationally and fighting internationally. This puts our nation very much into debt and distress. As for winning wars, it does not do very much good always because although its better to win, the losing nation may not always be prepared to pay for damages such as Germany who has just only paid back America for WWI. This is very significant because it is both a long- term and a short- term consequence. In the 1930s Americans did not trust the banks, they did not even trust to spend any of their money only creating more and more problems for the U.S. It took America a long time a war to recover from the Great Depression and we are more then three wars later and we are going through if the same but a worse suffer economically.
In the short run, the New Deal was a success, but in the long run it would have failed. The New Deal was the most expensive government plan so the U.S. lost money to that plan. It did create jobs for the unemployed Americans but, it stilled would have been viewed as a failure. One of the main causes for the Great Depression was the war debt from WWI. Since Germany could not pay off their debt, and other countries like France and Great Britain, needed the money from Germany to repair their own countries. Since no one was getting money, Europe stopped trading with each other, and with the U.S. Another cause was that during the 1920’s, Americans were spending money that they didn’t have by using credit. Since they couldn’t pay off their debt, and factories were over producing product; Businesses started to loose money instead of gaining it. WWII was the main factor for ending the depression. The war, even thought it was deadly, it created many jobs for people all over the world. People have to sign up for the army, Marines, Navy, and air force. People also had to work in the factories to build guns and tanks and ammunition. The short term consequence of the depression was that it created unemployment, depression, hunger, pain, and sadness for many families and people throughout the U.S. A long term cause is that Germany had to pay us back for our loan to them that we gave them to pay off WWI. They just finished paying us back last week. Debt is a major long time consequence of the depression. The U.S. is debt to many countries, like China, and those debts don’t just vanish, we need to pay them throughout the years to come.
ReplyDeleteFDR's New Deal plan was a failure, even though it created jobs. The problem with the jobs were that they were only temporary, and were simply jobs for the sake of jobs. It was also extremely expensive, and set the precedent for government intervention in times of economic strife. There were many causes of the Depression. In my mind, the most important was the fact that after WWI, Europe's economic and political infrastructure had been destroyed, leaving America as one of the worlds only functioning economies. When the US gave Germany loans meant to pay off war reparations, they did not receive any of the money, taking a sizeable chunk out of the federal reserve. The other, equally important cause of the depression was the Stock Market Crash of 1929, in which panicked investors sold all of their shares, bringing the Dow Jones market from an all time high of 381 points in September, to just 41 points in October. One reason that the Great Depression ended was a result of the many new policies enacted by FDR, but these were took time. It was WWII that truly pulled America out of economic depression. During the war, there was a 100% employment rate throughout the country. Some of the short term consequences of the Depression were that the average income of people who were still employed was almost cut in half, as well as a decline in the global birthrate, due to the fact that supporting a family was almost impossible during the 1930s. The more long term consequences were the social unrest from the disgruntled poor, leading to the relative ease with which the dictators and tyrants of the day, like Hitler, Mussolini and Tojo could assume power.
ReplyDeleteJHERSON: The New Deal, a plan created by president Franklin D. Roosevelt. The New Deal was successful in some ways but at the bottom line is that it was a failure because of it was only temporary. The ways in which The New Deal was successful, for one, is that it created jobs for millions of people who had lost their jobs during the Great Depression. It also created hope for Americans and a sense of a better future for the country. In the New Deal, FDR created the CCC, (Civilian Conservation Corps). This organization created roads and bridges through out the country. Although the New Deal provided hope and jobs for many, it was only temporary so these changing did not push America into a better future.
ReplyDeleteThere are many causes of the Great Depression, some are more damaging than others but they were all bad for the United States. One cause of the Great Depression, was the false sense of prosperity. Distribution of wealth in America was heavily uneven. 40% percent of the income was accounted by 5% of the richest people, and 33% of the income was accounted by 5% of the wealthiest people in America. By a little bit of people having so much of the country's money, the poorer were bound to live in extreme poverty. President Hoover policies like maintaining high wages and increasing spending and taxes disabled the economy from improving after the Stock Market crash. Since people were not able to buy products and food, keeping high wages was terrible for the American citizens.
The reason why the Great Depression ended, in my opinion, is WWII. The need of guns, military uniforms, food, anti- air crafts, tanks and so on were big. With this, the Unites States' industries opened and put everybody in America back to work. There was 100% employment in America, and the people were able to buy products again.
The short term consequences of the Great Depression overshadow the long term consequences. The short consequences were the lack of jobs, unemployment were at an all time high. 25% of the work force was idle at a point. The birthrate in the 1930's decrease by 1/10 of the rate it was in the 1920's. People could not afford to have a family. Only 550 million babies were born in the 1930's. If it kept the same rate as the 1920's, it would have been 600 million babies born. 50 million, larger than a countries army. Another short term consequence is that the U.S were $7 billion down in their value of imported goods from 1929-1933.
Ellie: 1. In my opinion Roosevelt's “New Deal” was a success, it may not have been as successful as hoped for, but it still did make an impact among the United States Citizens. The “New Deal” had many factors to it, the most major one was creating jobs for the unemployed. Roosevelt was a democrat so he strongly believed that the economy is more of a social interaction than a scientific formula, that being the reason he created so many jobs. Roosevelt created jobs, such as building bridges, cleaning highways, and many more jobs that would not usually pay the workers. By creating jobs for the unemployed, Roosevelt decreased the unemployment rate, therefore more money was put into the citizens pockets, and more money circulated in the United States helping the economy rebuild.
ReplyDelete2. Some of the causes of the Great Depression were, false prosperity, the global crisis, speculation, the stock market crash, bank failure, lack of available credit, people stop spending money, unemployment, and the dust bowl. False prosperity was caused partially because so many people started to buy things on credit, then people could buy things, luxurious, items with money they did not have. Due to this, people went into great debt which only helped cause the Great Depression. After WWI the United States was in great debt, thankfully the United States won, so they did not have to pay any fines, however, Germany did, Germany could not pay off all of their debt so the United States were reimbursed very slowly. Due to the bank failure many people lost a lot of money, so people stopped spending money in order to conserve it. Because the economy was already in term oil, if consumers would not purchase anything than there would be no money to be divulged into the economy. Because, consumers stopped purchasing items, corporate companies could not sell their items, and could not pay all of their workers which eventually led to people being fired, which lead to poverty. The United States economy was in chaos, and a majority of the population was unemployed. Hoover, did not help the situation at all. Hoover did not believe in the democratic way of the economy, so he did not feel it was necessary to help the United States people. Hoover wanted the government to withdraw direct help to the citizens and try to create a more less social way of helping the economy. With the government refrained from the United States people, the economy only went into more chaos and things mostly remained the same as they did before he took office.
3. The end of the Great Depression was due to WWII. The war required many troops so almost the entire male population were enrolled as soldiers. The men received employment, however, the jobs of those whom were already employed were no vacant, so the women and the small population of the males left, took place of those who were soldiers in the war. WWII created many jobs for the United States citizens, so people had more money, which meant they had more money to spend. Therefore, the economy was revitalized.
4. There were many consequences of the Great Depression. One of the major short term consequences was unemployment, because there was such a decrease in the economy no one was hiring because people needed to conserve as much money as possible. On of the major long term consequences was the decrease in births. Due to the fact that people did not have money, not many people wanted to have children, because they could not afford to provide for the children. Since, there was a decrease in births, the population declined, in the thirties and forties, however, in the fifties there was a drastic increase in births because the Great Depression was over, and the generations had evolved. Therefore, the population increased so there were not as many jobs for people as there were earlier. Due to the fact the people did not have as many babies during the Great Depression it effected the United States for a very long time.