Wednesday, May 6, 2020
The Great Depression During World War I And Industry
The great depression was an economic recession in America that spanned between the years of 1929-1939. Although this was sparked by the stock market crash on October 29, 1929, there were several long term causes, most prominently, the decline of both the agricultural industry post World War I and industry. After the end of the first World War, food demand decreased 40% internationally, leading to a decrease in farmersââ¬â¢ profits. To compensate for this, farmers expanded and overplanted their farms, digging up the roots of native grasses in order to plant more crops. Unfortunately, this deflated the price of crops. In addition, digging up the native grasses allowed winds to blow the nutritious topsoil from the land, causing less fruitfulâ⬠¦show more contentâ⬠¦He hoped that businesses would collaborate along with churches, private organizations, and other industries to alleviate suffering and distribute relief. However, in the election of 1932, Franklin Delano Roosevelt to ok office, and with it, a dramatic shift in the ideology of the government began. He implemented his plan to combat the Great Depression, The New Deal, a series of programs to help reform the economy and provide relief for citizens. The New Deal was a success because it helped give relief, comfort, and jobs to those in need and also helped reform our broken economy. The new deal was especially successful because Roosevelt did everything in his power to calm those suffering from the Great Depression. In his inaugural address, Roosevelt is optimistic about the situation, saying that even though this isnââ¬â¢t one of Americaââ¬â¢s finest moments, ââ¬Å"In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory,â⬠(document 9). From this speech, Roosevelt is setting a promise to the suffering citizens, stating that not only will they get out of this economic ni ghtmare, theyââ¬â¢ll get out of it stronger and more courageous than before. Not only this, but he backs up these words through his many programs in the New Deal. This is best explained in document
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