The Depression :: essays papers

The DepressionImagine for a moment, waking up one day to ensure yourself on adirty floor, a pile of rags, or maybe even the street. You brass down atyourself to find youre wearing the same clothes you wore yesterday, demur they are completely filthy and have lots of holes in places ilk the knees and elbows. You have no access to amirror to show you what you vista like so you go to touch you hair withyour hand and find it to be a pile of grease and dirt that obviouslyhasnt been serve in days, maybe even weeks. You get up and start to guide for work, or school, only to realize youhave no place to go. The cark of hunger eats a demeanor at you, but you just disregard it k straighting that there is nothing for you to eat and you have no capital to buy any food. You have no job, no money, no family, no hope. Welcome to the Depression.The 1920s was a time of great prosperity in the lives of approximatelythe Statesns and our natural human ignorance made us think it would stay tha tway forever. We had just come out of the Great War and business wasbooming, on with agriculture and the stock m arket. The outlook forthe future was great, but populate failed to understand that economies cantbe on the upswing forever, it has to come down sometime. All of the signsof a depression were there the farmers were producing too much, theuneven distr ibution of income, easy credit/ immense debts, imbalance offoreign trade people just didnt notice them. non until October 29,1929--BLACK TUESDAY--anyway, when the bottom of the stock market fell out,taking millions of American lives with it. plain thoug h any didnt admitit, they knew what was on the way. People who had been buying stocks onmargin (10% down) suddenly found themselves penniless and in bigger debtthan they could imagine. America went into a panic, pulling money out ofbanks in a frenz y causing many to close their doors. President Hoover tried ponderous to make the times better for theunemployed first by background aside almost $800 million for public workslike the now Hoover Dam. Conditions, however, failed to improve. Hisother policies, the Reconstruction Finance Corporat ion (RFC) and the HomeLoan stick Act, also didnt make much difference. The election of 1932made it clear that the American people were unhappy with Hoover.