Archive for depression
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Roosevelt’s Plan To Rebuild America
The key to challenging the Great Depression in the United States was restoring confidence. When he accepted the Democratic presidential nomination, Franklin D. Roosevelt declared,
“I pledge you, I pledge myself, to a New Deal for the American people”
The phrase New Deal caught on and came to symbolize the sweeping legislation that [...]
Crime And Booze During The Great Depression
During the Depression, at a time when many Americans might have wanted to drown their sorrows in drink, alcohol was banned in the United States. Prohibition was hailed as a great experiment at the time , but in fact it was a disaster. Millions of Americans became criminals simply [...]
The Harsh Recession After The Crash Of 1929
When the stock market collapsed other disasters soon followed but it was not just investors who were affected. The consequences were devasting.
Prices rapidly fell, trade withered, goods were stacked up unsold, factories closed, wages were cut and millions of people lost their jobs. As the Depression hit harder, [...]