The Impact of the Great Depression
October 29, 1929 the United States plunged into a deep economic depression after the stock market crashed. Millions of dollars were lost along with jobs. Families were devastated across the country worrying if they could even pay their house mortgage or have enough to buy food. This economic swing later became known as the Great Depression. For the next ten years, the U.S. struggled to keep its’ head up. Government programs were introduced that somewhat helped, but not enough to save the country from turmoil. The Great Depression affected each social class in America in different ways, but the introduction to new government programs and other factors had a greater impact on their lives.
Shortly after the …show more content…
Each social class differed on how they were affected and the wealthy class had a huge fallout. The “typical” wealthy individual more than likely lost all of their money overnight. The impact on banks closing greatly damaged them and their lifestyle. All of their money that was ensured in banks vanished. Their lives flashed before their eyes. One minute they were filthy rich and the next everything was stripped away from them. On the other hand, there were still wealthy individuals that didn’t get as badly affected as the rest. These lucky individuals were safe during the depression but the others struggled to make a living. The ones who did have their money taken from them got a second chance from the Civil Works Administration (CWA). This was enacted in the New Deal and it helped many people who were unemployed, giving them government facilities and other buildings to work on. It gave the wealthy class a chance, but also the working class as …show more content…
It was created to deal with unemployment and it had tremendous impact on the workforce. The working class and poor now had a chance to start over. The WPA put Americans back into the workforce creating a more stable economy. “I have been employed on Project 7-303 since February 15th and during this short time I have realized the fruits of steady employment. Since I have had this work I have once again been able to meet with the daily expenses of a living without depending upon some relative or other source of help” (Ely). Though the Great Depression destroyed people’s lives, the WPA helped rebuild
October 29, 1929 the United States plunged into a deep economic depression after the stock market crashed. Millions of dollars were lost along with jobs. Families were devastated across the country worrying if they could even pay their house mortgage or have enough to buy food. This economic swing later became known as the Great Depression. For the next ten years, the U.S. struggled to keep its’ head up. Government programs were introduced that somewhat helped, but not enough to save the country from turmoil. The Great Depression affected each social class in America in different ways, but the introduction to new government programs and other factors had a greater impact on their lives.
Shortly after the …show more content…
Each social class differed on how they were affected and the wealthy class had a huge fallout. The “typical” wealthy individual more than likely lost all of their money overnight. The impact on banks closing greatly damaged them and their lifestyle. All of their money that was ensured in banks vanished. Their lives flashed before their eyes. One minute they were filthy rich and the next everything was stripped away from them. On the other hand, there were still wealthy individuals that didn’t get as badly affected as the rest. These lucky individuals were safe during the depression but the others struggled to make a living. The ones who did have their money taken from them got a second chance from the Civil Works Administration (CWA). This was enacted in the New Deal and it helped many people who were unemployed, giving them government facilities and other buildings to work on. It gave the wealthy class a chance, but also the working class as …show more content…
It was created to deal with unemployment and it had tremendous impact on the workforce. The working class and poor now had a chance to start over. The WPA put Americans back into the workforce creating a more stable economy. “I have been employed on Project 7-303 since February 15th and during this short time I have realized the fruits of steady employment. Since I have had this work I have once again been able to meet with the daily expenses of a living without depending upon some relative or other source of help” (Ely). Though the Great Depression destroyed people’s lives, the WPA helped rebuild