Franklin Roosevelt was a big part of helping people during the Great Depression, instead of letting the people drive themselves crazy with all the loss of food and jobs and end up into further disparity, he helps them stay strong during this time. He created Alphabet Agencies which were a new form of working projects so they could create jobs and help the people, he also had a set of rules put on banks so that they wouldn't fail again. He also started the building of the Hoover dam which also made new jobs. After World War II there was lots of more jobs for Americans and the United States was out of the Great Depression. Using the John Keynes theories also helped the people get more jobs, build more companies, and get more money.
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The stock market crash happened mainly because of buying on the margin which made all the banks become bankrupt and close down. With all the banks closed people couldn't get money so businesses would shut down because people didn't have any money to buy anything which led to people all loosing their jobs. During the game it felt really good when you got ahead and didn't end up in debt, which I unfortunately did. When your stock had crashed you felt like there was nothing you could do and you just kept going more and more into debt. In most peoples stocks you just found yourself so far in debt that you never pay it off. When the Great depression occurred it also contributed to the stock market crash and the agricultural recession.
In the 1920's radio and television started becoming more popular and that's how the word got out and people started communicating and hearing about all the action occurring in the town. With the new radio people started listening to various types of music and that's how jazz music nights happened and the "flapper girls" would be dancing on stage. This was the era that the fashion world changed as well, the dresses flappers wore were showing more shoulder, shorter, and more flashy and bedazzled. This is during the economic boom, people believed that there was never going to be another war. Everybody started spending more money, stores were getting more stalk in, and the businesses were finally thriving again. At this time more rights and freedoms were coming into place along with many more women rights. This was called the Roaring 20's during the economic boom. The movie Cinderella man is a movie about a family that struggles through the Great Depression and the father is a professional boxer, James J. Braddock, that goes through a rough time boxing and cant get any jobs anymore. He cant make any money so they loose their heat and lights and food in the middle of winter. He desperately tries to get a job working at a construction dock. He applies to get welfare money to get heat back in their house, but eventually ends up paying all the money back that he borrowed from people. One day he is offered a boxing job and ends up winning so he moves onto the World Champions boxing. His family and friends are worried for his life but in the end he wins the big match and they live a good life after they move to New Jersey. It is based on a true story during the Great Depression. |
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