Unemployment and American Cultural History

Topics: Great Depression, Unemployment, Business cycle Pages: 2 (441 words) Published: April 26, 2013
Dear Ms. Patterson,
The movie I watched for my movie project was Annie. Annie is in the time period of the Great Depression, in 1933. I think that this movie is a good source of history during this time because, money was an issue, people did what they could to make others happy, and people were in and out of jobs. Franklin Roosevelt was president at the time of the Great Depression and he was also president in the movie I watched (The Great Depression). The separation between the rich and the poor during the Great Depression really plays a role in the movie; you can tell if they are rich or poor by just looking at what they were, where they live and how they get around. “At least in part, the Great Depression was caused by underlying weaknesses and imbalances within the U.S. economy that had been obscured by the boom psychology and speculative euphoria of the 1920s. The Depression exposed those weaknesses, as it did the inability of the nation's political and financial institutions to cope with the vicious downward economic cycle that had set in by 1930” (“About the Great Depression”). Unemployment rose and wages fell during this time for the people who continued to work. For the businesses, they were all falling through because of the people not having money to buy stuff from them due to not having a job, or had a low paying job. During the great depression the stock markets closed and the banks were losing savings that were other peoples who banked there, people were worried about not ever getting there money, not ever being able to afford a house, car, appliances and other necessary things needed for their families.

The great depression was known as the “Economic Slump” in North America, other places started around 1929 and lasted until around 1939. The great depression was the most severe depression that North America ever experienced. “By the beginning of the next decade the United States had gone from a laissez-faire economy that oversaw its own...
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