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Change and Continuity Over Time
Transcript of Change and Continuity Over Time
by: Brittany, Nicole, and Golan
Money was not distributed equally: rich got richer and poor did not receive enough money to keep economy going in 1920s
In 1930s after the crash everyone was losing money and to try and fix that they used the trickle-down economics put money in banks in hopes for more loans so big companies would hire more workers
Banks did not give more loans and companies did not hire more workers so nothing changed
Unity of the Country
1920s: most shared in at least some economic gain and people worked together for the benefit of the country
1930s: Hoover's attempts to fix the economy relied on the volunteering of citizens that worked for the benefit of the country as a whole
Everyone just worked for their own benefit as opposed to trying to fix the nation as a whole
1920s: Dawes Plan allowed for American money to be the only way for European nations to pay off their war debts
Influenced the creation of many international groups in an attempt to prevent war
"Crash of 1929" caused the money America was lending to run out so the cycle of reparations was brought to an end
1930s: Hawley-Smoot Tariff led to very few purchases of products from another nation, as well as, very few sales of American products in other nations
1920s- Harding and Coolidge did not attempt to change social problems
Did not pay attention to the scandals that were occurring in the government and focused on the economy
Citizens trusted the government since everything seemed to be going extremely well
1930s- Hoover at first thought it was a minor problem and it would fix itself but then realized it wouldn't so attempted to help fix it unlike what Harding and Coolidge would do
Citizens did not trust government since it wasn't working and blamed Hoover for all problems
1920s: return to big business with many workers in large factories with low wage
1930s: factory workers stopped being able to afford the products they made and economy kept suffering
whole factories shut down and millions were out of work which caused even less of the products of these big businesses to be able to be purchased widely by the American public
During Harding and Coolidge's presidencies, they both hoped to rebuild the nation and aid in the recovery process after the war
Both presidents tried encouraging things such as big business and protective tariffs to help the country move forward
In hopes that Americans would act for the greater good of the country, presidents continued to focus on specific goals that usually were not all that beneficial
Hoover relied too much on voluntary cooperation, but the people did not step up to volunteer
During this time period, America grew as whole learning from mistakes and identifying how problems could be solved
The presidential administrations made many changes and kept many things the same in an attempt to continue building the country back up to a strong state after the war and the crash of 1929
People learned how to be cooperative as well as independent in order to sustain as normal of a life as possible during these difficult times