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Rock Street, San Francisco

Faraz Khan

            The only things I could think of when I heard the words “Great
Depression” were the black & white photographs of people with looks of
hopelessness, specifically the woman with children. It was fun & interesting
to read about the great depression and I learned many interesting facts. The
early 1920s were a time of great change in America. It was a period called The
Roaring Twenties, where America became urban and commercial, new aspects of
culture were established, and the economy was prosperous. The personal automobile
had changed everything & people witnessed the emergence of jazz, speakeasy’s and flappers.

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            However, this wouldn’t last very
long. The basic explanation as to the cause of the Great Depression was the
crash of the stock market. I know it’s a bit more complicated than that, but the
stock market crash of 1929 triggered a chain of events that plunged the United
States into its longest, deepest economic crisis of its history. Banks, stores, and factories were closed and
left millions of Americans with no jobs and no homes. From 1929 to 1933 the
unemployment rate increased from three percent to twenty-five percent. This
left about thirteen million Americans unemployed with no jobs.

President
Hoover and President Roosevelt did their best to try to turn the nation’s
future around and make it better. Throughout their efforts to help, President
Hoover failed with his plan and President Roosevelt developed many New Deal
Programs that had somewhat of a good effect for the nation. The
New Deal was a series of federal programs, public work projects, financial
reforms and regulations enacted in the United States during the 1930s in
response to the Great Depression. These programs were formed to help aid the
nation and its citizens economically and mentally. Although the New Deal
succeeded in its goal to prevent a future widespread economic collapse, it
ultimately failed to achieve its greatest goal of successfully ending the Great
Depression.

 

 

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