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ed to economic stagnation and widespread unemployment and also the depression was experienced in virtually all in every major industrialized country (Hall and Ferguson 2). The impact of the Great Depression was devastating as many individuals lost their homes because they had no work and a steady income and as a result, most of them were forced to live in makeshift dwellings with poor condition and sanitation. Many children dropped out of school and married women were forced to carry a greater domestic burden. More so, the depression widened the gap between the rich and the poor (Freedman 14) because many poor individuals suffered the hardships during this period while the rich remained unaffected. This paper discusses the period of Great Depression and it covers the life during this time and how the city dwellers, farmers, children and minority groups were affected.
The Great Depression started following the occurrence of the Wall Street crash and rapidly spread in different parts of the world; however, some have argued that it was triggered by mistakes in monetary policy and poor government policy (Evans 15). Different hardships and challenges were experience by individuals in different parts of the world with many people left with no work. More so, individuals especially farmers suffered from poverty and low profits, deflation and they had no opportunity for personal and economic growth. Notably, different people were affected differently, for instance, unemployment affected men and they were desperate for work while children were forced to leave school and search for something to do so as to earn money for their family. Farmers were greatly affected because this period led to decrease in price in the prices of their crops and livestock and they still worked hard to produce more so as to pay their debts, taxes and living expenses. The period before this economic crisis, farmers were already losing money due to industrialization in cities and so most of them
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The positive state of the American economy can be identified by the following statement of President Herbert Hover: “In America today, we are nearer a final triumph over poverty than is any other land” (p. 114). During this time period, various economists stated that the stock market was overpriced and the rates of company stocks were more than their actual value.
However, during the particular period in question, seven years represented a great range of growth and the understanding through which different social dynamics and understandings had with regards to the way in which storylines and overall plots were presented to the viewer.
As per the above explanation, the film represented the life of boxer James Braddock where his was through actor Crowe Russell and its significance as a sport film. The film received several awards on different occasions including those of best picture to the best supporting actor, and outstanding motion picture drama awards categories among a list of other awards.
He lived between June 7, 1905 to November 29, 1974 where he witnessed and experience the depths of economic quagmire of the great depression. James Braddock is chosen as the character to depict the hardship during the Great Depression because his life as well as his career showed how the lives of Americans were altered from relative prosperity to poverty.
In this case, Roosevelt was talking about the Great Depression that took place between 1920 and 1940, which started in the US before spreading to the rest of the industrial world. Despite giving a description to the great depression while using grim words, the economic catastrophe that thus incident impacted on the US as well as other industrialized states was beyond description.
The author states that among the problems faced by people on account of the serious effects of the Great Depression, those faced by the African Americans, must be noted with special concern as they were the group of people who were hit harder. It is the African Americans who suffered from the many sided effects of the Great Depression.
This movement was initiated to replace the New Deal.
Long proposed that each family was to be aided with an income of at least one third of the amount of average family capital (Edsforth 208). This meant that