Black Tuesday: The Hardest Year During The Great Depression

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The event known as “Black Tuesday”, was when the American stock market crashed and this lead to an hopeless downfall known as The Great Depression in the United States which started on October 1929. During this time the president was Herbert Hoover and he strongly believed that if people had patience and the ability to be independent that the results will end fine. The year, 1932 was remembered as the hardest year during The Great Depression because almost everyone was unemployed. Farms and Banks were two long term causes of The Great Depression. To start off with farms, many farmers were having a hard time before the Depression. Mostly because they were farming too much and farm products were too low. In addition, the Dust Bowl gave farmers …show more content…
One million undernourished children was one success to the New Deal. In Document 6 it quotes, “...the WPA is making it possible for many underprivileged children…(Woodward).” This document was a speech given by Ellen Woodward, Assistant Administrator for WPA. WPA also known as Works Progress Administration helped children without food and benefited them with well balanced meals. WPA was a program that was a success during the New Deal because many families were having hard time with supplying food for their families. By WPA helping out tremendously with feeding children, they were preparing them to be healthy citizens of the future. Continuing on, segregation camps helped better the unemployed and this program was known as the CCC. CCC is short for Civilian Conservation Corps; many people also had a hard times during The Depression so the CCC was useful because the New Deal gave people work to bring money into the family to survive day by day. In Document 7 which is a secondary source it quotes, “... and the Civilian Conservation Corps maintained segregation camps(online textbook).” Also, the CCC provided relief to people because it provided a job program and earn shelter with clothes and food. Lastly, another program that was success to the …show more content…
People who trust banks and now deposit money is a program called the Federal Deposit Insurance Corp aka FDIC. Before FDIC people didn’t trust putting their money into banks. Problems that existed was that banks had no money to loan out to people. Also, businesses and people who couldn’t get money, can. In addition, FDIC can ensure up to $5000. Also, the new deal was a success because it provided reform to a program called Securities and Exchange Commission. This program also known as SEC gave reform to people during the Great Depression. There were many problems that existed for this programs such as Shady Dealings, Speculations got out of control and people didn’t invest in money. But now SEC is the police of stock market and this program and strengthened because of rules that were made. One rule that stood out to me was that companies have to say the truth when selling stocks. This one rule out of many is important to this program because in order for people’s trust in investing money, the stock broker had to be honest with numbers, etc. Lastly, another program that bringed reform to people during the New Deal was known as Agricultural Adjustment Admin aka AAA. This programs cons before was farm goods. The farm goods were too low and this lead to farmers barely making any money. Pros after this program AAA was that it managed the prices

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