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The Great Depression and
Transcript of The Great Depression and
Emma Johnson and Micheal Brown
The Great Depression
At the end of the 1920's a great crisis had occurred in the market economy. It was so bad that 25 percent of all workers and 37 percent of all non-farm workers were completely out of work. Some people starved and other people lost their farms and homes and had to go and live on the street.
How it Affected the People
The New Deal
Franklin Roosevelt took office and became the 32ND president of the U.S., at the time America was at its worse for an economic crisis. Roosevelt responded to the crisis with the "New Deal". The New Deal was set up by a group of advisers who helped FDR enact 15 major laws. Frank Roosevelt also used media, which helped with radio communication with the American people through "Fireside Chats", restoring the nation as he worked to make the economy a better place out of the Depression.
What was the Main objective?
The New deal is a series of economic measures designed to help the effects amongst everyone and everything during the Great Depression.
The deals reshaped the structure of the United States in order to end the poverty.
The main objective of the New deal was to help the economy of the United State after the Great Depression.
To help give some people their life back by giving them opportunities.
Some opportunities were to help financially and help employment.
A cornerstone of the new deal was the social security act of 1935, which create a social insurance program to pay retired works above the age of 65.
"The only thing we have to fear is fear itself" -Franklin Roosevelt
Roosevelt creating the Social Security Act of 1935, which was the New Deals Cornerstone.
Franklin Roosevelt signed it into law in 1935 on August 14.
This Act established a social insurance program to pay retired workers 65 years of age or over.
The resulting price inflammation drove large amounts of the worlds gold to banks in the United States. The United States was able to remain on the gold standard without altering the gold value of the dollar. People such as investors and other people who didn't live in the United Sates, had their gold sent to the U.S. to maintain a safe value of it.
Social Security created a system of unemployed and disabled based on employee and employer contributions.
Pervasive poverty and unemployment was the most pressing problems for the act.
Millions of citizens depended on Social Security. This has grown steadily and is to become and aspect of life.
Although the U.S. economy began to recover in 1933, the recovery largely stalled for most of 1934 and 1935. In the late 1930's a more vigorous and aggressive came along the nation. The Great Depression that began at the end of the 1920's was a worldwide disaster.
At the end of World War I a few countries, mainly the U.S., were able to continue the gold standard while other only used it for a short amount of time adopted floating exchange rates.
How it affected the people continued
The Great Depression continued
The New Deal
This program helped employ and give financial security to millions of citizens in the U.S.
It introduced many types of social and economics familiar to many generations of the Europeans.
During the New Deal brought a sharp of interest in government for individual citizens.