40 Wall Street

in the wealth as the gap between the rich and poor widened. Although worker productivity had increased by 32% within 1923 to 1929, worker wages had only risen by 8 percent while corporate profits increased by 62 percent. The richest 1% contributed to 40% of the nation’s wealth, the 5% of wealthiest…

profits and investments in the stock market all grew and increased at this time period until the stock market crash began which started the travesty. After the stock market crash of October 1929, panic and confusion filled the minds of many in Wall Street. The Great Depression was more steep in the United…

The Impact of The New Deal In March 2012, it was reported that 4 out of the 15 major U.S Banks wouldn’t survive if there was another recession (Causes of the Great Depression). The Great Depression was the longest and worst economic downfalls that occurred in the United States during the span of ten years, between 1929-1939. When The Great Depression occurred, the United States government had a solution that impacted significantly. The New Deal helped the U.S overcome and solve the…

In 1929, it started. Industrial production declined, business collapsed and depression began in the United States of America. It starts with the rise of unemployment and it continues into a domino effect with people’s income decreasing, underutilized capacity, the drop in primary-product prices and the collapse of international trade combined to depress the international economy. Property owners felt scared because their assets were reducing, manufacturers had to deal with declining sales,…

“I can’t believe the day is finally here to see my second oldest child’s senior night; you growing up on me”, said my Mom. At this moment in my life I felt like this was the most important day thus far. For me, it wasn’t the fact that I’m a senior and I’m about to graduate, but we play our rivals, Fairmont. We are the only team that has came close to beating the undefeated tornadoes. I prepared extremely hard for this game, I wasn’t going to accept losing by any means. My started real well, I…

period of hope for change was quickly dismissed stock market crashed for the second time and unemployment increased to 20% again. Two of the positive changes that were made from the New Deal were the first minimum wage at 25 cents per hour and a maximum 40 hour work week. Despite any new changes, the New Deal did not end the Great Depression. The New Deal ended in 1938 and the depression continued until World War…

During the 1920’s America was hit with a time of poverty and despair, later to be known as the Great Depression. It’s hard to pinpoint what exactly caused this worldwide depression but there were many contributing factors, such as the lack of diversification, the poor credit structure of the economy, and the unstable international debt structure. Economists argue that if the government implemented more structure these causes could have been avoided, but no amount of government support could have…

What goes up, must always come down. Jay Gatsby learns this lesson the hard way. The The Great Gatsby by F. Scott Fitzgerald, represents the 1920s stock market through the green light’s symbolism, the condition of Gatsby’s house, and the life of Jay Gatsby/James Gatz. The book traces the steady climb to an ultimate peak, then dramatic plummet of the stock market during that time period. Born into a poverty stricken family, Jay Gatsby works hard to swiftly increase his standard of living. Before…

Food insecurity was a big problem during the Great Depression and is still a big problem today. Food insecurity is not knowing when or where your next meal is coming from. During the Great Depression, almost half the kids were without food, shelter, and medical care. In 2014, sixteen million children are living in child poverty. There were many causes for food insecurity during the Great Depression. One of the causes was when the stock market crashed and stocks became worthless. When the…

The CCC: Saving America’s Economy Since 1933 The Great Depression was one of the largest national crises in American history. Leaving a stunning fifty percent of the nation unemployed, many citizens went daily without food or means to provide for their families. In order to provide jobs for citizens, the government established many programs to help support the unemployed. One such program was the Civilian Conservation Corps. Formed by President Franklin Roosevelt in 1932, the CCC was an…