How the Great Depression had Taken a Toll on the American Economy - Assignment Example

Add to wishlist

Summary

This assignment "How the Great Depression had Taken a Toll on the American Economy" is comprised of a series of programs and steps that would revive the economy and prevent such a depression in the future. The new deal was directed at various critically affected segments of the economy…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER97.5% of users find it useful

How the Great Depression had Taken a Toll on the American Economy

Read Text Preview

Subject: History
Type: Assignment
Level: High School
Pages: 1 (250 words)
Downloads: 2
Author: lillie65

Extract of sample "How the Great Depression had Taken a Toll on the American Economy"

In his bid for the presidency, Roosevelt promised Americans the New Deal (Brands, 2008).

In a month, following the enactment of the act, hoarded gold and currency flowed back into the country; hence, the banking sector stabilized (Heinemann, 1983). The government also eliminated the gold standard, thus, the use of gold as a legal tender ended. Everyone was required to exchange all their gold pieces for US dollars.

According to Roosevelt, the prosperity of the country was heavily dependent on prosperity in the agriculture sector. Therefore, several acts were enacted to ensure that this sector was able to compete favorably. The Agriculture Adjustment Act was enacted to ensure that commodity prices would be raised through artificial scarcity (Heinemann, 1983). The team responsible for enforcing this act employed a technique whereby the total output for each commodity was set. Landowners were paid subsidies to leave some of their land idle; this was in an effort to ensure that farm prices went up. In essence, less was to be produced so that the wholesale price would increase. Many Americans opposed this act since the prices of commodities increased as the farmer’s income increased significantly (Heinemann, 1983).

Cite this document

APA
MLA
CHICAGO

(“Discuss two segments of the economy in a critical stage of collapse Assignment”, n.d.)
Discuss two segments of the economy in a critical stage of collapse Assignment. Retrieved from https://studentshare.org/history/1588954-discuss-two-segments-of-the-economy-in-a-critical-stage-of-collapse-when-roosevelt-assumed-office-and-his-administrations-attempts-to-strengthen-them

(Discuss Two Segments of the Economy in a Critical Stage of Collapse Assignment)
Discuss Two Segments of the Economy in a Critical Stage of Collapse Assignment. https://studentshare.org/history/1588954-discuss-two-segments-of-the-economy-in-a-critical-stage-of-collapse-when-roosevelt-assumed-office-and-his-administrations-attempts-to-strengthen-them.

“Discuss Two Segments of the Economy in a Critical Stage of Collapse Assignment”, n.d. https://studentshare.org/history/1588954-discuss-two-segments-of-the-economy-in-a-critical-stage-of-collapse-when-roosevelt-assumed-office-and-his-administrations-attempts-to-strengthen-them.

Cited: 0 times

CHECK THESE SAMPLES OF How the Great Depression had Taken a Toll on the American Economy

Economyc Depression

hese days, the term “Depression” is frequently associated with the great depression of the 1930's, though the very term had been in use for quite long before then.... The most considerable worldwide economic crisis in the history after the great depression, the recession of late-2000s, has also been named as “Depression” at times, but this terminology is not in general use, even though economic researchers name them as “Great Recession”.... the great depression was an event which started on October 1929, when the stock market in the United States dropped swiftly....

9 Pages (2250 words) Research Paper

Economic Cycles at Varying Times Over Various Industries

From 1890 to 1920 there was an era known as the progressive one as during this time period a new rule was applied that working time should be 8 hours, which caused much of progress in the economy.... In general, they accepted government interference in the economy.... In the early years of american history, most political leaders were hesitant to heavily involve the federal government in the private sector, except in the area of transportation (Anderson, T....

16 Pages (4000 words) Essay

The Impact of the Great Depression on the African American Community

How did the great depression affect African Americans in the South, North, and West, in the countryside and in the city, and how did African Americans respond to these challenges?... ? the great depression was a calamity that affected the entire population of the United States of America.... In many ways, the great depression brought back for America the memories of the civil war.... The community which suffered the brunt of the great depression was the African American community, which suffered from a greater racial discrimination during this time than during times of normalcy....

9 Pages (2250 words) Essay

Poverty in Black America

The problems include poor education standards, broken family structure, violence, high crime rate, mass unemployment, poor living standards and housing, poor health, friction in communities and low contribution towards economy etc.... POVERTY IN BLACK AMERICA POVERTY IN BLACK AMERICA TOPIC: Poverty in Black America VIEWPOINT: There is a considerable poverty in African-american community as compared to whites in USA.... US Census Bureau in its 2010 report stated alarming evidences of poverty and poor living standards in African-american / black american population....

3 Pages (750 words) Research Paper

Depression and African American Women

The paper "Depression and African american Women" highlights that the women had a negative attitude toward antidepressants.... Thesis Today the world has advanced phenomenally and the once discriminated African american women are now reaching out to new heights and milestones.... Now even African american women have successful careers and respect in society.... This is obvious from the reports that suggest that African american women have an almost 50% higher depression rate than Caucasians....

14 Pages (3500 words) Research Paper

Depression: Its Effects on African American Women

African american women have suffered from highly exertive bouts of depression for years with no end in sight concerning successful treatment strategies.... The depression ratio amongst African american women is due to diverse variables that are difficult to change and or manipulate in a fashion that is rapid enough to streamline the effects of depression on these women.... If left undeterred, increased depression amongst African american women could lead to significant increases in the suicide ratio amongst African american women due to depression based factors. ...

12 Pages (3000 words) Essay

The Real Problem of American Economy

ask 2 Lesson from the great depressionThe lesson America should have learned from the great depression is that the growth of the economy by itself does not decrease poverty.... This assignment "The Real Problem of american economy" discusses the principal strategy of the regressive side.... One lie states that the rich tax cuts tickle down all the way to everyone else, but taxing the rich highly leads to slow job growth and hurts the economy....

5 Pages (1250 words) Assignment

Walker Evans FSA Photographs

Evans took this photo when he was on the South since he had been paid to document the effect of the New Deal agency program in curbing the great depression.... This paper 'Walker Evans FSA Photographs' aims to analyze the case of some of the photographs of Walker Evans taken under the FSA.... The photograph of Lucille was taken when she was just ten years of age.... Walker Evans recognized that these people had something human in them and thus tried to showcase this aspect in his photography....

10 Pages (2500 words) Case Study