and length it was given it’s name, “The Great Depression”. Uneven distribution of wealth was also a contribution that made the problem worse. In 1929 the wealthiest people took up 5% of America’s total population and they earned one-third of all income, while the bottom 40% earned only one eighth of all income. The rich people, even though there was only a minority of them, were making most of the money, while the poorer people weren’t making barely enough to feed themselves. the majority of people weren’t making enough money to buy the expensive new products that companies were making, so this contributed to businesses cutting back on production as well. The declination of world trade also had an impact on the economy and American manufacturers.
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Malnutrition, tuberculosis, typhoid and dysentery rates also increased due to the increasing rate of homeless people and hungry people. Hungry people often searched for scraps of food in city dumps. Private charities and state and local governments set up soup kitchens and bread lines to aid the poor. However, the need exceeded the available resources that was available. This caused many people to resort to President Hoover and the federal government for hope and to lead the relief effort. However, President Hoover refused give any direct help to his people because it was “out of character” for him. He didn’t believe that i was the federal government’s role or his own role to provide direct relief to Americans. He thought that the private individuals and institutions should offer relief instead, as they were doing. He did put some new government programs into place. For example, he created the Reconstruction Finance Corporation in 1932 and it loaned 1.2 billion to 5,00 different financial companies. He continued to resist giving direct assistance to individuals and it angered Americans who believed that the president should do more to fix the economy. People soon to refer to empty pockets turned inside out as Hoover flags and groups of tin and cardboard shacks built by homeless as …show more content…
The first Agricultural Adjustment Act, which was passed on May 12, 1933, created the Agricultural Adjustment Administration, this Act was introduced to captivate the fall in agricultural prices that was causing hardship in the farming industry. This agency placed restrictions on the production of corn, cotton, dairy products, hogs, rice, tobacco, and wheat, and gave farmers money for the crops and livestock that they did not produce from funds raised by a tax on food processing. Since the law went into effect after the 1933 crops had been sown and animals born, the agency had to order that crops be destroyed and livestock slaughtered in order to meet the 1933 production restrictions. During the program's first three years because of the restrictions on supply, food prices rose and farm incomes increased significantly. The Agricultural Adjustment Act has not been repealed by Congress and has been many times amended, the latest being in the 1990s. In 1933, The National Industrial Recovery Act was the federal government’s first attempt to revive the economy as a whole. The bill created the National Recovery Administration (NRA) to promote industrial production and improve competition by drafting corporate codes of conduct. The NRA also sought to limit production of consumer goods to drive up prices. Furthermore, the act helped set up the Public
Malnutrition, tuberculosis, typhoid and dysentery rates also increased due to the increasing rate of homeless people and hungry people. Hungry people often searched for scraps of food in city dumps. Private charities and state and local governments set up soup kitchens and bread lines to aid the poor. However, the need exceeded the available resources that was available. This caused many people to resort to President Hoover and the federal government for hope and to lead the relief effort. However, President Hoover refused give any direct help to his people because it was “out of character” for him. He didn’t believe that i was the federal government’s role or his own role to provide direct relief to Americans. He thought that the private individuals and institutions should offer relief instead, as they were doing. He did put some new government programs into place. For example, he created the Reconstruction Finance Corporation in 1932 and it loaned 1.2 billion to 5,00 different financial companies. He continued to resist giving direct assistance to individuals and it angered Americans who believed that the president should do more to fix the economy. People soon to refer to empty pockets turned inside out as Hoover flags and groups of tin and cardboard shacks built by homeless as …show more content…
The first Agricultural Adjustment Act, which was passed on May 12, 1933, created the Agricultural Adjustment Administration, this Act was introduced to captivate the fall in agricultural prices that was causing hardship in the farming industry. This agency placed restrictions on the production of corn, cotton, dairy products, hogs, rice, tobacco, and wheat, and gave farmers money for the crops and livestock that they did not produce from funds raised by a tax on food processing. Since the law went into effect after the 1933 crops had been sown and animals born, the agency had to order that crops be destroyed and livestock slaughtered in order to meet the 1933 production restrictions. During the program's first three years because of the restrictions on supply, food prices rose and farm incomes increased significantly. The Agricultural Adjustment Act has not been repealed by Congress and has been many times amended, the latest being in the 1990s. In 1933, The National Industrial Recovery Act was the federal government’s first attempt to revive the economy as a whole. The bill created the National Recovery Administration (NRA) to promote industrial production and improve competition by drafting corporate codes of conduct. The NRA also sought to limit production of consumer goods to drive up prices. Furthermore, the act helped set up the Public