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The Roaring 20's
In the 20's, the stock market was going through a large amount of expansion and things were good for Americans. People would go out and celebrate with all of the money they had. Speakeasies which were places where people would drink alcohol and party illegally, were also very popular at the time. This time was known as the roaring twenties because it was the peak of the United States. -
The United States stock market crashed which marked the beginning of the great depression. Millions of dollars were lost because production had declined and unenployment had risen. Stocks were in excess of their actual value. On top of that, there were low wages, the procreation of debt, and large bank loans that could not be repayed.
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President Herbert Hoover provides the United states with some words of inspiration to keep thier heads up during th hard times. He says ""Any lack of confidence in the economic future or the basic strength of business in the United States is foolish."
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Many new programs under the New Deal plan had been made in order to make a stand during the Great Depression. It would help the economy recover.
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more than 3.2 million people are unemployed at this time and the president remains optomistic and says that the unemployment problems coming from the crash will get better after 60 days.
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Selling apples was the only way that the unemployed were able to make any money for surviving the Great Depression. Money was the only way to be abler to get what you want.
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A Texas congressman licensed the immediate payment of the "bonus bill," which was created in 1924. This bill appointed bonuses of $1 a day for people who are in the service for the United States. If they are overseas, it would be a bonus of $1.25. President Hoover was against this because he knew that it would cost him a lot of money. ($4 billion)
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Many people are struggling with unemployment and a riot breaks out. Hundreds of men break the windows of a grocery store, run in, and leave with food items. It became violent when one of the store clerk's arms were broken, many were arrested, and a hundred cops finally ended the event. People were breaking the rules and laws.
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The Bank of the United States in New York collapses with over $200 million depostits at the time. In the nation's history, it was the largest single bank failure.
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The Congress institutes a Reconstruction Finance Corporation witch lends around $2 billion to banks, insurance companies, building and loan associations, agricultural credit associations, and railroads.
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Franklin Delano Roosevelt is elected president over Herbert Hoover. Roosevelt receives 22.8 million popular votes to Hoover's 15.75 million showing that the people want something different than usual.
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It is shown that African Americans are now accepted and can work as they please for money in order to be successful and be able to do what they would like in the modern world.
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This service was very helpful when you owned land where there was a lot of dust and drought. This was an example of all of the modern daqy expansion and inventions.
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Plant workers and their families tried to combine a panic with a rally. Many were injured and ten were killed. People were yet again, trying to make a stand for their well being during the Great Depression.
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The United States is almost forced into the war which was partially a good thing. Taking these chances and defending the country also brought an end to the Depression that the Americans were suffering. This happened because of the jump start of the industries which made war supplies and such.
