Midterm

Topics: Great Depression, Wall Street Crash of 1929, Social Security Pages: 3 (1104 words) Published: November 21, 2014
3.)  1930s: From the booming twenties to the depression thirties, the United States experienced dramatic changes. Describe and discuss the leading causes for the Great Depression and how the New Deal redefined the relationship between the federal government and the American people. Be specific The Booming Depression

The 1920s was a decade that exhibited a time for prosperity in America, but it was also “a decade of profound social tensions” (Foner 770) the reemergence of the Ku Klux Klan happened during this time period and the Immigration Act of 1924 was also established during the “booming twenties”. The society in America during this time was something like never before. Consumer goods of all kinds were soaring, salespeople and advertisers would promote their goods as saying that they were ways of satisfying the psychological desires for the American people. American’s during this time were spending more of their income on leisure luxuries, such as, vacations, sporting events, and movies. Film, radio, and home appliances boomed during this time. But as the old saying goes, “all good things must come to an end.” In 1929 America was about to get the biggest wakeup call that they have ever experienced; The Great Depression. The Great Depression was caused by several different things, like: the stock market crash of 1929, the unequal distribution of income, bank failures, and the demise of many investment companies. The Great Depression was said to be the greatest economic disaster in modern history. Though many things led to this moment, it really started in October of 1929, on a day that was called Black Tuesday. On this day, the stock market crashed, dramatically. 16 million shares of stock were sold by investors who had lost their faith in the American economy this led to more than $10 billion in market value that just perished in only five hours. Though some stocks recovered in 1930, they continued to go down a downward slide. “Between 1929 and 1932,...

Cited: "What Was the Great Depression and Why Did It Start in the USA? | South African History Online." What Was the Great Depression and Why Did It Start in the USA? | South African History Online. N.p., n.d. Web. 17 Oct. 2014.
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