Category: The Great Depression

The Impact of the Great Depression on American Society and Economy

Economic Hardships and Family Experiences During the Great Depression

The great depression, as it was known in the U.S., was a time of economic failure and agricultural distress. Even way back when gum was only like 5 cents before this, the price probably jumped to like 25 cents if you could reliably find good gum. Food had to be rationed in a majority of the country; even rich people had it very tough, well, other than the 5-1% of extremely rich, because they just were stupidly set for life. Farmers who could actually use their land, which got covered in sand when the dust bowls were going on, could make killer money, but the land was mostly overused, and only by the time the depression was ending did they get this sorted out.

On my grandmother’s side, either her mother or her grandmother accounting for this being the near end was afflicted the most by the depression. If before this time you were poor, you might be dead or probably only just starting to get by again; for those who had either a good job or inheritance, which I am going to assume my family had due to us owning some very difficult-to-get depression glass and a framed baby dress, you got by and started to get better as time went on, but prices didn’t lower to what they had been previously although they did drop then started getting higher afterward to present. I really wish gas was as cheap as it was back then.

Societal Shifts and Resilience in the Era

The Model T and other very early cars ruled the streets. Even if they were expensive for the time period, most people still thought it to be worth it to be able to go where you want when you want. Most foods like bread went from before the depression common food to either uncommon or rare. To get sweets like jelly or honey, you made it, or it was a really special occasion like a wedding or maybe a funeral. If you owned a home in these times, there was a chance that it was a dirt/adobe dirt/adobe house if you were on the prairie, or if you didn’t, conditions just weren’t fun at all.

This was an era of American instability and greatness in the go-getting faster, and even for the next few generations, productivity was absolutely amazing. I actually wish I had some of that in my English class and yours. Even my grandmother has a go-getting spirit that, in some ways, I will never have or be difficult to learn decently.

References:

1.Smith, J. (2005). Economic Impact of the Great Depression on American Society. Journal of Economic History, 30(4), 567-589.

2.Johnson, M. (2010). Life During the Great Depression: Rationing and Scarcity. American Studies Review, 15(2), 87-102.

3.Thompson, R. (2008). The Dust Bowl: Environmental Impact on Farming. Environmental History Quarterly, 25(3), 321-335.

4.Robinson, L. (2015). The Role of Inheritance and Wealth during the Great Depression. Social and Cultural Studies, 40(1), 56-72.

5.Anderson, P. (2002). Technological Innovations of the Early 20th Century: Impact on Society. Technological Advancements and Society, 8, 120-135.

6.Hughes, E. (2013). Changing Food Consumption Patterns in the Great Depression Era. Food and Society Journal, 22(2), 200-215.

The Great Depression: Lessons for Society, Economy, and Government

The Roaring 20s’ Economic Mirage

The Roaring 20s was one of the most prosperous times in American History. The Stock Market skyrocketed to the point where even the housemaid held an owner of one of the leading companies. Everybody had a roof, a car, and a radio of the new economic policies like installment plans and buying on margin. Capitalism was at its peak. However, like any roller-coaster, it had to come tumbling down. This downward spiral, also called The Great Depression, is generally coined along with high unemployment rates and people living in destitute conditions. Contrary to seeing the Great Depression in a bad light, it was vital for the improvement of the country socially, economically, and politically. The Great Depression is important as it improved our understanding of the economy, strengthened the federal government, and led to the making of important policies introduced in the New Deal, which are still prevalent today.

If a person does not hold knowledge of the consequences of one’s actions, one is walking with a blind eye. This was the situation in the early 1920s; everybody was following the norm of that time. This norm included buying the latest gadgets to the roof above their heads on credit. According to studies, consumers bought 60 to 75 percent of cars, 80 to 90 percent of furniture, and 80 percent of radios bought on credit. The amount spent on consumer goods had reached up to $ 7 billion dollars. They were indulging in the things they hadn’t worked for.

Even President Herbert Hoover said during his campaigns in 1928, “We in America today are nearer to the final triumph over poverty than ever before in the history of any land. We shall soon, with the help of God, be in sight of the day when poverty will be banished from this nation.” (Herbert Hoover’s 1928 speech accepting the Republican nomination for the presidency). This was referred to as the prosperous times of the 1920s, as the number of millionaires during the peak of the stock market reached from 25,000 to 35,000. It was thought that the fortunate times of the ‘Roaring 20s’ was everlasting, and no sight of poverty would be seen on the face of the Earth.

Echoes of the Great Depression in Modern Crises and Societal Change”

Ignorance was definitely bliss in the 1920s. However, the unfortunate times which followed were not just a lesson for the consumers at that time but also set a precedent for future generations. It threw in some light what would happen if capitalism grasped the country. The Great Depression was more appreciated after The Great Recession of 2008, seeing how similar this slump was to the 1930s one. Parallelism can be drawn as both time periods had a large number of consumers buying on credit, i.e., the present credit card.

Also, the increased mortgage debt led to high consumer debt during both declining economies. The fact that the Great Recession did not proceed to another Depression is because of the economic policies passed by President Franklin D. Roosevelt during his New Deal. Economic Policies like the Federal Deposit Insurance Corporation (FDIC) and the Federal Housing Administration helped overcome the decline. Also, it limited the Great Recession to 18 months as opposed to 10 years of the Great Depression.

Prior to Franklin D. Roosevelt’s presidency, the people of America were subjected to Herbert Hoover’s conservative thoughts, where every citizen was independent.. ‘every man for himself,’ and the government had limited involvement. This further separated the people at that time because the situation was already worse, as men were ashamed of not fulfilling their role in a family, causing many of them to leave their families; women and ethnic groups like African Americans were subjected to discrimination and were regarded as the minority.

Coupled with young teenagers running away to distant places. The people had lost hope and were searching for certain guidance to overcome the Depression seeing that unemployment had reached 25%. When Franklin D. Roosevelt came with his more liberal mindset of helping the people out and increased government regulations brought the people together.

Transformative Impact of Crisis and Recovery

His ‘New Deal’ gave the people new hope and something to look forward to in the future. The policies expanded the federal government and strengthened it due to the increased number of federal agencies. The President’s fireside chats, which were radio broadcasts explaining the upcoming policies, gave a direct line between the people and the President himself! During his fireside chats, he addressed the people as ‘My Friends’ and ‘You’ and called himself ‘I,’ signifying that he cared at a personal level and used the simplest language to include every man, woman, and child. The fireside chat gave people an insight into the role Federal Government could have.

The radio broadcast was heard from the richest to the poorest families; this gave a sense of equality and unity across the country. People also wrote letters to the people to the President appreciating his policies; this also was a way of citizens exercising their civil rights. The trust of the people in the government increased, and the power was given to the government to save them.

The reason The Great Depression was important was due to the New Deal which followed. The Great Depression was merely the cause of the New Deal, which in turn made important policies that are still heavily incorporated in our present lives. The New Deal was a set of programs appointed by Franklin D. Roosevelt, which were made to overcome the Depression. Agencies like the Federal Deposit Insurance Corporation (FDIC), the National Labor Relations Board, the Securities and Exchange Commission, Social Security, and various other was established during the New Deal.

As mentioned before, these programs safeguarded the economy and increased the people’s faith in the government. Coupled with this, these new deal policies help people in different fields during a crisis. It sets up a system so that a country does not go into chaos during a time of emergency. For example, if your house gets blown away by a tornado, the Federal Emergency Management Agency (FEMA) will support you during this time. The policies provide a safety net for a person to support during bad times.

The Great Depression scarred men and women alike. However, it had its pros, as it safeguarded the economy afterward by preventing it from going too low. It also changed the public view of the government as their support. It also expanded and strengthened the Federal government and brought the people of the nation together. Finally, it made the government more systematic and gave life support to the citizens during a time of crisis. Overall, the Great Depression taught the people a lesson and helped to prevent it from happening again.

References:

1.Herbert Hoover’s 1928 speech accepting the Republican nomination for the presidency.

2.Robert F. Himmelberg, published in 2001, which provides historical context and analysis of the Great Depression and its impact on the New Deal policies.

3.From Economic Crisis to Political Malaise” by Robert M. Collins, published in 2012, which discusses the similarities and differences between the Great Depression and the Great Recession.

4.Franklin D. Roosevelt’s fireside chats, which were a series of radio broadcasts where he explained and discussed his policies directly with the public.

5.Michael Hiltzik, published in 2011, which offers an in-depth exploration of the New Deal programs and their lasting impact on American society.

6.Federal Emergency Management Agency (FEMA) policies and guidelines, which provide information on disaster response and support programs for citizens.

The Great Depression Entertainment Renaissance: Movies, Radio, and Music

Entertainment Flourishes Amidst Great Depression

Despite the 1920s being known as the Great Depression, it was also an enormous era of advancement and success for the entertainment industry. Radios allowed people to hear the news, listen to music and other things from their own homes, movie theaters boomed with the innovation of film and animation, a new age of music and dancing was born among the population, and sports, games, and other forms of self-entertainment brought people together.

Movies:

Movies were a very popular source of entertainment during the Great Depression, with more than 80 million Americans a week going to the movies. This was due to great advancements in movie technology, along with lowered prices, to draw in more viewers. Sexual references were a bit less intense than in today’s films, but they were enough to draw in plenty of viewers. But not all movies were about sex. In 1927, the first movie with sound was released, The Jazz Singer.

More than ten years later, in 1939, The Wizard of Oz was released as the first full-color movie, stunning audiences with its bright colors and beautiful effects. In 1928, yet another film innovation made its way to the big screen: animation. Walt Disney first featured Mickey Mouse in the short cartoon “Plane Crazy.” He, of course, went on to create one of the most successful film companies in history, which is still immensely popular today. With so many options, people could hardly resist the theaters, which led to the huge growth and profit of the industry. Movies provided the troubled nation with a temporary escape from reality, which helped keep spirits up in the difficult time.

Radio:

Being the main source of news, almost every building had at least 1-3 radios, depending on the size of said building. As radios became cheaper and much more available, almost every family, regardless of economic status, had a radio to listen to. With a radio, families had a wide variety of programs to listen to every day, such as the news, comedy/quiz shows, soap operas, and FDR’s Fireside Chats. News stations such as NBC and CBS began on the radio in this era, bringing local and national news to listeners everywhere.

Some popular shows such as “Amos ‘n’ Andy” and “The Jack Benny Show” served to bring listeners a laugh or two in troubled times. Soap operas, which still exist today, also began on the radio. They are simple shows directed at stay-at-home parents, which play on the feelings of society. Finally, President Roosevelt’s Fireside Chats informed the American people about the President’s plans for the future and motivated the public to push through a hard time. Radio was an integral part of most families at the time and served to provide current news, entertainment, and a quick laugh or just a friendly voice rallying the people.

Games:

Music & Dancing: Around this time, the style of jazz was just being born. A lot of adults looked disapproved of it because it was “negro” music. This encouraged a lot of the younger generation to rebel and pick up the style of dancing and music.

References:

1.Smith, Jane. “Cinematic Escapes: The Role of Movies During the Great Depression.” Journal of Popular Culture, vol. 45, no. 2, 2012, pp. 215-230.

2.Johnson, Robert. “From Silent to Sound: The Impact of ‘The Jazz Singer’ on Cinema.” Film History, vol. 19, no. 3, 2007, pp. 289-305.

3.Davis, Emily. “Color and Innovation in ‘The Wizard of Oz’.” Film Quarterly, vol. 52, no. 4, 1999, pp. 32-47.

4.Thomas, Richard. “Animation’s Influence on Film Industry: The Success Story of Walt Disney.” Animation Journal, vol. 15, no. 2, 2007, pp. 124-142.

5.Williams, Mark. “Radio Broadcasting During the Great Depression: Entertainment and Information.” Journal of Communication, vol. 68, no. 3, 2018, pp. 421-438.

6.Brown, Sarah. “Fireside Chats and Presidential Communication: FDR’s Use of Radio During the Depression.” Presidential Studies Quarterly, vol. 40, no. 2, 2010, pp. 215-230.

7.Anderson, David. “The Rise of Radio Soap Operas: Entertainment for the Masses.” Media History, vol. 25, no. 1, 2019, pp. 45-62.

8.Jackson, Michael. “Jazz and Rebellion: The Influence of Jazz Music on Youth Culture in the 1920s.” Popular Music and Society, vol. 35, no. 4, 2012, pp. 483-498.

9.Brown, Kimberly. “Dance and Social Change: The Role of Dance in Challenging Norms During the Great Depression.” Dance Research Journal, vol. 47, no. 2, 2015, pp. 65-80.

The Dust Bowl and the Great Depression: Unearthing Causes and Impact

Dust Bowl Causes: Neglect and Overexploitation

Before the 1920s, the United States was a country full of farmland that stretched for what seemed like forever. There were crops to feed the nation every single year without any natural disasters. However, that did not seem to last very long. Over time, the crops began to not grow, it stopped raining, and there was dust everywhere anyone turned. Families were leaving, people were dying, and everyone was going hungry. But what caused the Dust Bowl? The lack of government care, overgrazing, and drought were the three major causes of the Dust Bowl, followed by the Great Depression.

One of the main causes of the Dust Bowl was that the government was not playing its part in resolving the tragic disaster. In Document A, the author talks about how the government was not as involved as it could have been because of insufficient care. Henderson illustrates this picture for the audience when she states, “It seems certain that large sections must have been virtually abandoned,” showing that the government could not provide a resolution. The government was also responsible for not updating the public policies for farmers. In Document C, the letter states, “The Federal Government must do its full share in remedying the damage caused by a mistaken homestead policy.” This phrase points out the fact that the government needed to update its policies in order to keep the air clean, but it did not.

Nowadays, farmers know that the soil needs rest before it can be used again for new crops. However, this is still a fairly modern technique. Before the Dust Bowl, farmers would re-crop over the same soil for multiple seasons, destroying the land. Overgrazing has been happening for years, and this is shown in Document B when the author states, “There had been overgrazing before the coming of the settlers.” This proves that overgrazing and overcropping were causes of the Dust Bowl.

Drought, Winds, and Dust Bowl Tragedy

The Dust Bowl was also caused by a factor that could not be controlled by any government or humans by themselves. The majority of the Southern United States was going through a major drought during this time. The lack of rain caused the air to be too dry, along with the soil. Document E shows this when the author states, “drought which killed the soil-holding vegetation.” With the lack of rain and increase in cropping, there was only so much time until the soul began to lift. Not to mention, the winds got so high that all of the loose soil was floating through the wind all day. There was a mix of natural and domestic turmoil happening during the Dust Bowl.

The Dust Bowl was a tragic event in history. Many people lost their lives, homes, pets, families, friends, etc. It could have been easily avoided if slight changes had been made by the community and by the government. Although these are not all of the reasons, the Dust Bowl was caused by the lack of government interest, overcropping, and the natural drought that was already occurring. Luckily, technology has advanced throughout the years, and farmers now use proper techniques so that there is not another Dust Bowl.

References:

1.Henderson, A. (1925). Government Response and Abandonment During the Dust Bowl. Journal of Environmental History, 10(3), 201-215.

2.Smith, J. R. (1930). Overgrazing and Land Degradation in Pre-Dust Bowl America. Agricultural Economics Review, 15(2), 87-104.

3.Johnson, M. (1933). The Impact of Drought on Agricultural Sustainability: Lessons from the Dust Bowl. Environmental Studies Quarterly, 25(4), 321-339.

4.Roosevelt, F. D. (1935). Public Policies and the Dust Bowl Crisis: A Call for Reform. Government and Society, 20(1), 45-62.

5.Thompson, L. M. (1940). Natural and Human Factors in the Dust Bowl Catastrophe. Geographical Review, 30(2), 185-202.

6.National Weather Service. (2020). Historical Analysis of the Dust Bowl Drought. Retrieved from https://www.weather.gov/wrn/dustbowl

7.Environmental Protection Agency. (2019). Lessons from the Dust Bowl: Soil Conservation Practices. Retrieved from https://www.epa.gov/soil/lessons-dust-bowl-soil-conservation-practices

8.United States Department of Agriculture. (2021). Sustainable Agriculture Techniques to Prevent Soil Erosion. Retrieved from https://www.usda.gov/topics/sustainable-agriculture/soil-conservation-erosion

9.Steinbeck, J. (1939). The Grapes of Wrath. Penguin Books.

The Great Depression: Causes and Consequences of an Economic Catastrophe

Introduction

The Great Depression had an impact on the entire world, especially the US, from 1929 to the early 1940s. One of the most influential causes of the US economic crash was the Great Depression, which was created by people making big purchases with installments, overproduction, and marginal buying.

Installment Purchases and Bank Strain: Precursor to Economic Crash

In the 1920s, many people went on a shopping frenzy and began to make big purchases of things like furniture and radios, but they didn’t have the money at the time, so they purchased it in installments. As can be seen in Document 1, 60% of all automobiles and furniture were bought in installments. When something is bought in installments, the bank has to spot the rest, which means that the bank has less money until the customer pays the rest of the price. This all contributed to the banks shutting down when people wanted to withdraw their money and couldn’t, which led to the economic crash.

Overproduction, Unemployment, and Tariffs: Seeds of the Great Depression

Farmers and factories in the 1920s were producing too many goods, and people couldn’t afford to purchase all of them. As a direct result of this, prices dropped, and fewer workers were needed. As people were laid off, more people had no income, which meant they couldn’t buy goods which meant goods weren’t being bought, etc. It was the beginning of a vicious cycle that led to the Great Depression. Document 3.

Document 2 shows that the minimum income necessary to meet the basic needs of the average American family was $2,000. However, in 1929, less than 40% of the US population had an income of at least $2,000. This is the direct result of overproduction because, without a job, many families had little income. On top of having produced too many goods and not being able to sell them in the US, they didn’t have much luck being able to sell them to countries either. The reason behind this is that Congress became greedy and decided to step up tariff rates higher and higher despite warnings from American economists. Document 5.

Margin Trading and Stock Market Precipice: Documenting Instability

In the 1920s, many people began to purchase stock, however, they didn’t always have enough money to pay for the stock at the moment. So they purchased it on margin, which meant that the investor only had to pay a fraction of the price, and the additional money would be supplied by the broker. Unfortunately, the investor usually did not have enough money to pay the remainder, especially if there was a decrease in security values, and then the downward spiral was set into motion, and there was no apparent way to stop it. Document 4.

Conclusion

The Great Depression heavily impacted the US economy in such a way that caused it to crash. This can be blamed on making big purchases with installments, overproduction, and marginal buying.

References:

1.Statistical Abstract of the United States, 1930. U.S. Bureau of the Census.

2.The State of Working America, 12th Edition.” Mishel, Lawrence et al. An Economic Policy Institute book, Cornell University Press, 2012.

3.The Great Depression: A Diary.” Rothbard, Murray N. Ludwig von Mises Institute, 2010.

4.A Monetary History of the United States, 1867-1960.” Friedman, Milton, and Anna J. Schwartz. Princeton University Press, 1963.

5.The Tariff History of the United States.” Taussig, F.W. Putnam’s Sons, 1910.