The Great Depression was the Most Devastating Economic...

The Great Depression, which is known to be a very historical event that took place during the late 1920s and into the 1930s, was the most devastating economic event in the history of the United States. President Herbert Hoover was first in charge of getting America back on its feet after a huge decline in the stock market took a toll on the economy. Hoover was faced with the job of repairing American society, which was not an easy task considering American’s stocks were being bought on margins, the agricultural prices that existed were low, the wealth was distributed unequally throughout the nation and the banking systems were wrongly managed. When Hoover’s term came to a close, the election of 1932 took place. This election led to a Democratic Party nominee receiving the presidential position, Franklin Delano Roosevelt. When being compared to Hoover, Roosevelt had a numerous amount of different approaches to solving the Great Depression. He promised to provide America with a â€Å"New Deal† that would bring America back to the nation it once was, and maybe even create a better nation than before as well. With a push for a more active government that would aid people in times of need and a movement entitled relief, recovery and reform, Roosevelt attempted to bring the nation out of this dark time. Franklin D. Roosevelt had a huge responsibility placed on him once he stepped into office. However, with his ability to create an intruding government that would watch out for theShow MoreRelatedThe Great Depression And Its Effects1166 Words   |  5 Pages The Great Depression The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and leading to the Great Depression lasted for several years (Shindo). The great depression was a very difficult time in the time that it occurred. It hit people hard and left an everlasting memory (Shindo.) It would lead to a lot of devastating events better all over would feel the affect of this crisis. It was a very unexpected and suddenRead MoreGreat Depression Essays1347 Words   |  6 PagesThe Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other interventions can save capitalism from itself. The Great Depression had important consequences and was a devastating event in America, however many good policies and programs became availabl e as a result of the great depression, someRead MoreThe Events Of The Summer Olympics And Michael Phelps Winning 8 Gold Medals1698 Words   |  7 Pagesremember the important events of the Summer Olympics and Michael Phelps winning 8 gold medals and being the first person to ever do this in history. 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The graveyard of empires is littered with great powers who did not understand this very fact. The most recent empire to join this historical path to failure was the Soviet Empire, and the American Empire is well on its way. Many Americans are oblivious to this fact and think that somehow America is inherently different and protected from all of theRead MoreThe Great Depression Of The World War I1261 Words   |  6 Pagesspark of WW11. There is a new leader instilled in Germany! WWII was caused by the invasion of Poland, and France declaring war on Germany, Italian fascism in the 1920s, Japanese militarism, appeasement, The league of Nations, and most prevalent, the political takeover of Germany by the Nazi party. The first stem to WWII was Hitler and the Nazi Parties rise to power. They came to power because of The Treaty of Versailles, the Great Depression that began with the failure of the stock market, and the useRead MoreEssay about Causes of the Stock Market Crash of 19291411 Words   |  6 Pages1929 America’s Great Depression is believed as having begun in 1929 with the Stock Market crash, and ending in 1941 with America’s entry into World War II. In order to fully comprehend the repercussions and devastating effects of the Crash of 1929, it is important to examine the factors that contributed to the catastrophic event which led to The Great Depression. The Great Depression was the worst economic slump in U.S. history, and it spread to most of the industrialized world.