Great Depression Paper

Submitted By metsdude86
Words: 868
Pages: 4
Open Document
Jonathan Baturgil
Inacio
Modern World History
5/1/10

The unemployment rates of the United States today compared to the rate during the Great Depression is drastically different. During the Depression, up to 25% of the U.S. population was without a job. Nowadays however, only 9.3% were jobless over the past year. New Jersey specifically had an unemployment rate of about 9.2%; still quite high, though looked at next to the numbers of the Great Depression it is clearly much better. I will now elaborate on how these unemployment rate percentages impacted the United States today, our state of New Jersey today, and America during the Great Depression. Then I will discuss how life would be different in my area of the country if the unemployment rate was as high today as it was then. If you do not have much knowledge on the effect of unemployment rates, you will discover how much of an impact it makes on who it effects after reading this paper. First I will talk about how the United States during the Great Depression was effected due to the large amount of people without a job. When the unemployment rate reached its peak during this time in 1933, one in four Americans who wanted to work simply could not find a job. Even if you had a job, the income for most working people fell a whopping 43%. Farming was hit hard as well, for most farmers lost their homes and land, and eventually went hungry. All of these issues lead to President Franklin D. Roosevelt’s “New Deal” program. This gave the American people and American government a new relationship, which branched off into the creation of several federal agencies. These agencies gave thousands of unemployed people different kinds of jobs, from arts to construction. Following this came the making of the Social Security System, which was designated to help Americans go through times of economic hardship. Despite the mixed opinions to the “New Deal” Roosevelt received a strong support from American people. Though the Depression did not end directly after all these programs, it did indeed help our poor country at the time. This leads me into discussing the present economic problems in the United States today, and what problems we had to overcome. Similar to the beginning of the Great Depression, big companies and banks took high risks on Wall Street which began our so called Recession. What seemed to happen overnight, real-estate prices quickly went down, as did job availability. Houses originally worth less were being paid for much more, as many people began to lose their homes. While this was occurring, people who lost their jobs could not find another equal paying job anywhere they looked. It seemed as if jobs vanished in mid-air, which made it more difficult for families to pay for food, gas, etc. as those prices increased. People just had less money by the day, while everything around them increased in dollars. All of these problems were happening throughout the country, though it seemed New Jersey and the Tri-State area was hit the hardest. Many New Jersey people worked for Wall Street and other financial industries, which were obviously the ones who took the toughest blow. Furthermore, with Jersey being one of the most densely populated
Show More

Related Documents: Great Depression Paper

Great Depression Research Paper

Research paper: The great depression By Preston Hunter English 1201 Abstract The great depression was a severe worldwide economic depression, in most countries it started in early 1930’s to mid 1940’s and had originated in the U.S after the fall in stock market prices in sept,4th 1929 although it did not effect everyone the same way such as wealthy people did not feel the impact at all and were oblivious to the suffering of others this dramatically changed…

Words 456 - Pages 2

Great Depression Research Paper

Depression is a serious medical condition that can hold you back from what you enjoy. And while no one knows for certain what causes it, experts believe that depression results when certain chemicals in the brain are out of balance. These chemicals, called neurotransmitters, relay messages from one brain cell to another. All depression types are not the same. There are several commonly recognized types of depression: Major Depression, Atypical Depression, Postpartum Depression, and Seasonal Depression…

Words 212 - Pages 1

Great Depression Research Paper

Depression is a treatable mental illness that affects one though process, feelings, and actions. Its duration and treatment process vary with the patient. Depression was first called "melancholia". In the past years, Depression was connected to demonic possession, as all mental illnesses were, and was attended to by priests by using exorcism techniques, such as beatings, restraint, and starvation to drive demons out of the body whereas, some like early Roman and Greek doctors, thought that depression…

Words 285 - Pages 2

Great Depression Research Paper

Great Depression From Wikipedia, the free encyclopedia {draw:frame} Dorothea Lange's Migrant Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, age 32, a mother of seven children, in Nipomo, California, March 1936. The Great Depression was a severe worldwide economic depression) in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s…

Words 7222 - Pages 29

Explain And Differentiate Between The Great Depression Of 1929 And The Recession Of 2008

lemoyne owen college Explain and differentiate between the Great Depression of 1929 and the recession of 2008. What government agencies arose out of the Great depression and what are their roles? Diarra Sylla Principle of Management BUAD 305 Dr. Catherine Causey 10/16/2014 It is a common misnomer that people interchangeably use the words recession and depression. According to Investopedia, a recession is defined as a significant deterioration in activities across the economy. This decline in…

Words 1441 - Pages 6

Assignment 2: Progressive Era Through The Great Depression

ssignment 2: “Progressive Era through the Great Depression” Must be in zip format! Write a four to five (4-5) page paper on the period from the Progressive Era through the Great Depression. Your paper should cover the following: 1.Identify at least (2) two major historical turning points in the period under discussion. 2.Analyze the impact of the two (2) or more major historical turning points selected on America’s current society, economy, politics, and culture…

Words 417 - Pages 2

How Did The Great Depression Affect African Americans

the Great Depression affected African American Black people have faced discrimination for many years on a daily basis. Some of the hardest discrimination they faced, other than slavery, was during the Great Depression. The topic of my paper is how did the Great Depression affect African Americans? How did the Great Depression affect African Americans, violence grew towards black people, they were the last hired and the first to be fired, and they started voting democrat. To begin, the Great Depression…

Words 200 - Pages 1

Great Depression Causes

1929, the New York Stock Exchange collapsed, falling over 12% in value . The subsequent lack of confidence in the markets led to a worldwide economic disaster known as the Great Depression. The concomitant rise in unemployment, drop in wages, and GDP stagnation left people around the world jobless and starving . The depression undermined the priority of diplomacy, sabotaged previous attempts at global reconciliation, and engendered the rise of far right extremist groups. Nationalist factions further…

Words 2248 - Pages 9

Crimes In The 1930s, 1960s, And Present Day

My paper will talk about the similarities as well as differences in the years of 1930s, 1960s, and present day. I will compare the crime robberies, rapes, and burglaries as they happened back in the day until now. I will talk about the negative or positive factors that caused the members to be as they were. I will pick one crime in particular and explain the history of the crime and how it has affected the society. I will…

Words 649 - Pages 3

Essay on Role of the U S in Modern World 1

Name Mid-Continent University Thought Paper Writing Assignment on: America in the Modern World Name____________________________________________ This is a thought paper on the role of America in the modern world. Using your book and notes, plus two other sources of your choice, complete this assignment. Make sure you cite where you received your information for each question beyond the introduction. Paper must be at least six full pages. Write competent answers and…

Words 379 - Pages 2