The Great Depression

The Great effect was the worst stinting disaster in American history. A variety of factors led up to it, including a dangerous amount of stock market speculation and an crazy lending of credit. Other contributing factors were a weak arrive out economy, lack of g everywherenment regulation of business, and high tariffs. Unemployment travel as high as twenty-five percentage of the workforce and the U.S flagrant National Product dropped from $104 billion to $56 billion. This gigantic depression til nowtually expanded across the globe, leading to a ball-shaped scotch crisis. However, by the end of the slump, a variety of veers had occurred that change the social landscape of America. The main changes that transpired were a greater economic equality, the beg social clubings of a welfare state, and the change to the agricultural and farming inn of America. One of the most positive effects that emerged from the Great Depression was greater economic equality amon g Americans. Evidence shows that like a shot before the Great Depression, the top five percent of the richest Americans controlled over thirty-three percent of all income. This created a study separate difference in America. Most of the rich had their coin invested in the stock market.

The crash brought down some of the richest of the rich, and this faulting between the rich and the poor was greatly lessened, allowing for a much even distribution of riches. Another cause for the even distribution of wealth was the New Deal policies of Franklin D. Roosevelt. During his first Hundred Days, a emergence of programs des igned to help the unemployed were created. T! he FERA (Federal Emergency embossment Administration) gave grants of money to state and local governments so they could offer allayer to the homeless person and unemployed. The PWA (Public Works Administration), the CCC (Civil Conservation Corps), and the TVA (Tennessee vale Authority) all remunerative unemployed people to work on some character reference of public work or project on national land. This helped...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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