Unemployment During The Great Depression

Pages: 3 (507 words) / Published: Apr 28th, 2016
The Great Depression was one of the most severe economic situation that the world had ever seen. It all started during the late 1929 and lasted until 1939. There were many problems Great Depression but the major problems like Stock Market Crashes, Bank Failures but the most important was Unempolyment. The Great Depression began in the United States but it quickly turned into a world-wide economic problem. Everyone during this time was highly affected from the problems and situations.

Unfourtunately, in 1933, unempolyment reached almost twenty five percent with more than eleven million looking work. The gross national product had decreased from $103.8 billion to $55.7 billion. Because of this dreadful situation people were force to live on the street, no food to eat, and travel from town to town hoping to find work. Many people didn’t have cars so the had to “hitch-hike or “ride the rails.” This was the bottom for the people.
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When President Franklin Roosevelt took office in 1933, he acted swiftly to try and stabilize the economy and provide jobs and relief to those who were suffering. Over the next eight years the government instituted a program called the New Deal. The New Deal aimed to restore some measure of dignity and prosperity to many Americans and it permanently changed the federal government’s relationship to the U.S. populace. He said, “let me assert my firm belief that the only thing we have to fear is fear itself.” He promised that he would act swiftly to face the “dark realities of the moment” and assured Americans that he would “wage a war against the emergency” just as though “we were in fact invaded by a foreign

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