The Great Depression began in 1929 and lasted almost 10 years; It was a time period when the America had the most severe economic. The majority of American left their home with dream to earn money to support their family; even teenagers left school to get a chance to work in order to find a better life on their own. People who found a work during the Great Depression would have a bad living condition provided. The owner housed them with a shanty, barn, or even an open field. However, the wage dropped dramatically since the large amount of workers came for works, even if the whole family had work, the money would not be enough to support them. The Great Depression affected every American. The unregulated bank is one of the long
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Since no one could pay back their loan and there had no collateral, the bank started to use the money in their saving account in order to keep the operation. As the money ran out, the bank had to close the …show more content…
It also became a reason to prove that the New Deal was a success. From document 1, a teenager stated that the program gave him work and he got paid for it, and it definitely gave relief to his family from his necessary demand for money. This program benefited both teenagers and adults. Teenager could earn little money in order to help the family; at the same time, the government provide education for them so they can stay in school while their parent were left. The adults also benefited from the program because they don’t have to worry about their children’s education and their children can earn money for themselves while their parents were completing a work with others in the outside society. This proves the New Deal is a success because it gave relief to the youth and adult. In addition, document 5 shows the unemployment rate from 1933 to 1945. The New Deal started in 1933 when FDR was elected the president of America. The unemployment rate dropped from 20.6% in 1933 to 9.1% in 1937. In these 4 year, the rate dropped nearly 11% and had never been raising until 1938. In 1938, the rate increased to 12.5% but after few years it dropped to 4.7%. This data can best conclude that the New Deal was a success because the unemployment rate dropped nearly 16% from the beginning of the New Deal. Lastly, document 6 also proved that the New Deal was a
Since no one could pay back their loan and there had no collateral, the bank started to use the money in their saving account in order to keep the operation. As the money ran out, the bank had to close the …show more content…
It also became a reason to prove that the New Deal was a success. From document 1, a teenager stated that the program gave him work and he got paid for it, and it definitely gave relief to his family from his necessary demand for money. This program benefited both teenagers and adults. Teenager could earn little money in order to help the family; at the same time, the government provide education for them so they can stay in school while their parent were left. The adults also benefited from the program because they don’t have to worry about their children’s education and their children can earn money for themselves while their parents were completing a work with others in the outside society. This proves the New Deal is a success because it gave relief to the youth and adult. In addition, document 5 shows the unemployment rate from 1933 to 1945. The New Deal started in 1933 when FDR was elected the president of America. The unemployment rate dropped from 20.6% in 1933 to 9.1% in 1937. In these 4 year, the rate dropped nearly 11% and had never been raising until 1938. In 1938, the rate increased to 12.5% but after few years it dropped to 4.7%. This data can best conclude that the New Deal was a success because the unemployment rate dropped nearly 16% from the beginning of the New Deal. Lastly, document 6 also proved that the New Deal was a