American History / A Letter From The Great Depression
A Letter From The Great DepressionThis essay A Letter From The Great Depression is available for you on Essays24.com! Search Term Papers, College Essay Examples and Free Essays on Essays24.com - full papers database.
Autor: anton 09 March 2011
Words: 598 | Pages: 3
October 24, 1929 marks the day, of which will forever be known as the great depression. On this day, both the United States and the world were thrown into a vicious cycle of poverty and unemployment. The combination of unbalanced asset distribution, and severe market crashes. Gave birth to the greatest economical disaster of American history. At the start of the 1920â€™s, the U.S. began disparately transferring large unequal sums of wealth. These transfers included parties from the rich and the middle-class, the U.S. and Europe, and also between industries and agriculture. This large imbalance of wealth caused our stock market to artificially climb in worth. Thus eventually causing very large devastating crashes. Such as the crash that took place on October 29, 1929. A day of which will always be remembered as Black Thursday. After Black Thursday, my familyâ€™s farm quickly turned from a source of great profit, to our only source for life.
Being the oldest of three siblings, I was first to forfeit my education to work on my parents farm. Each day as the nationâ€™s economy worsened, it seemed only harder to turn the tide on our luck. Herbert Hoover, was president of the United Sates at start of the depression. He pressed Americans for their continued belief in a possible recovery. He believed that the power of the economy could right itself, without needing government intervention. As my family and most others expected, the situation did not improve. Hoover eventually lost presidency to Franklin Roosevelt in the 1932 election
President Roosevelt took on a new approach to the quickly worsening situation. During the start of his presidency, he and other members of our government created the New Deal. The â€œNew Dealâ€ was Americaâ€™s first step of aiding our agriculture, business, and the unemployed. For some locals, it brought new job possibilities. Aid came in the form of money for my family. My family earned incentives for producing fewer crops, to help with supply and demand. It now even appeared the economy might improve. However, the economy remained troubled, and criticism of the New Deal rose up in the government and in some political circles. A number of Supreme Court Rulings effectively dismantled the primary mechanisms of FDR's plan.
Five years have now passed since the onslaught of the depression. The average person would most likely say, the state of the economy has not improved much. However, most would agree the spirit of the American society has only grown stronger. Years of struggle, sadness, hardship, perseverance, have only paved the way for a more beautiful art driven culture. It seems like not a day goes by where I donâ€™t hear â€œbrother, can you spare a dimeâ€. My father even recently bought radio device that he has been saving for. I felt like itâ€™s been years since my entire family was able to truly enjoy some time together.
Thereâ€™s been some local talk that if Roosevelt gets reelected he will support a second New Deal. All we can do is just hope Roosevelt gets one more term. If my family does not receive any government aid soon we will lose our farm. At twenty two with no education and no money no one will want me. While I wait for the future, Iâ€™ve decided to sign this so called baseball pitching contract. Who knows, maybe it will bring in good coin for my family some day.
Get Better Grades Today
Join Essays24.com and get instant access to over 60,000+ Papers and Essays