great depression
Were the American people affected by the events of the depression and how did the United States come out of it?
After a long time of prosperity and positivism the United States was put in despair on black Tuesday 29th of October 1929. On that day the stock market crashed and that was the start of the Great Depression. The prices dropped and there was no hope to get back. All that people tried to do was to sell their stock just to collect their money back, but unfortunately their plan didn't work. To add, the banks as well were forced to close. The panic was all over the place by that time. Other banks were still opening so people decided to rush to them to take their money and that made the bankruptcy even easier to occur. Everything in the United States at that time was affected by the Great Depression. Unfortunately the farmers were affected as well on that time because both a drought and horrendous dust storm took place. As a result of them "The Dust Bowl" happened. It was on an area of Oklahoma and other prairie states of the US affected by severe soil erosion in the early 1930s.That left the farmers with no crops. Everyone was losing his job by that time. Herbert Hoover, the president of the United States, was blamed to be the main reason of the Great Depression. But soon, on the next elections, Franklin D. Roosevelt won Hoover's place. Americans had high hopes for Franklin D. Roosevelt. First of all Roosevelt closed all the banks and he only let them reopen when they start being stabilized. He started a new governmental system called "the new deal". Each program in that system has its own initials and it was made for helping a certain type of people or for solving a problem, For example the AAA (Agricultural Adjustment Administration). That was made to help farmers specifically. The Americans did put their high hopes on the right person, who did his very best to not let them down. Roosevelt was a hero at that time. What he did helped for a
After a long time of prosperity and positivism the United States was put in despair on black Tuesday 29th of October 1929. On that day the stock market crashed and that was the start of the Great Depression. The prices dropped and there was no hope to get back. All that people tried to do was to sell their stock just to collect their money back, but unfortunately their plan didn't work. To add, the banks as well were forced to close. The panic was all over the place by that time. Other banks were still opening so people decided to rush to them to take their money and that made the bankruptcy even easier to occur. Everything in the United States at that time was affected by the Great Depression. Unfortunately the farmers were affected as well on that time because both a drought and horrendous dust storm took place. As a result of them "The Dust Bowl" happened. It was on an area of Oklahoma and other prairie states of the US affected by severe soil erosion in the early 1930s.That left the farmers with no crops. Everyone was losing his job by that time. Herbert Hoover, the president of the United States, was blamed to be the main reason of the Great Depression. But soon, on the next elections, Franklin D. Roosevelt won Hoover's place. Americans had high hopes for Franklin D. Roosevelt. First of all Roosevelt closed all the banks and he only let them reopen when they start being stabilized. He started a new governmental system called "the new deal". Each program in that system has its own initials and it was made for helping a certain type of people or for solving a problem, For example the AAA (Agricultural Adjustment Administration). That was made to help farmers specifically. The Americans did put their high hopes on the right person, who did his very best to not let them down. Roosevelt was a hero at that time. What he did helped for a