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 unjustifiable lending of credit. Other contributing factors were a weak bestow out economy, lack of g everywherenment regulation of business, and high tariffs. Unemployment go as high as twenty-five portion of the custody and the U.S flagrant National Product dropped from $104 billion to $56 billion. This great depression til nowtually expanded across the globe, leading to a planetary frugal crisis. However, by the end of the slump, a variety of change overs had occurred that change the social landscape of America. The main changes that transpired were a greater economic equality, the beg societyings 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 among Am ericans. 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 major separate difference in America. Most of the rich had their property invested in the stock market. The crash brought down some of the richest of the rich, and this gaolbreak between the rich and the poor was greatly lessened, allowing for a to a greater extent even statistical 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 designed to help the unemployed were created. The FERA (Federal Emergency backup man Administration) gave grants of money to state and local governments so they could offer relievo to the homeless person and unemployed. The PWA (Public Works Administration), the CCC (Civil Conservation Corps), and the TVA (Tennessee valley Authority) a ll remunerative unemployed people to work o! n 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

If you want to get a full essay, visit our page: write my paper