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How the Great Depression Made Jobs Disappear

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Elle

23/04/2023

History

History -America revision (depression, new deal & WWII)

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History

How the Great Depression Made Jobs Disappear

The impact of the Great Depression on American workers was devastating, transforming the nation's economic landscape from 1929 to the late 1930s.

  • Unemployment rates during the 1930s Great Depression skyrocketed from 3% in 1929 to 25% by 1933, affecting approximately 13 million Americans
  • Factory production plummeted by 45%, while housing construction decreased by 80%
  • The economic challenges faced by farmers in the 1930s were severe, leading to widespread poverty and displacement
  • President Hoover's initial reluctance to intervene was followed by Roosevelt's New Deal programs
  • World War II ultimately proved to be the decisive factor in America's economic recovery
...

23/04/2023

397

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

View

Agricultural Crisis and Rural Impact

The farming sector experienced severe hardship during the Depression. Overproduction and falling prices created a devastating cycle of debt and foreclosure.

Vocabulary: Dust Bowl - A period of severe dust storms that damaged agricultural lands in the American prairies during the 1930s.

Highlight: Farm product prices plummeted by 60%, forcing 1-2 million farmers to become migrant workers.

Example: In 1932, one in every twenty farmers faced eviction due to mortgage defaults.

Quote: "It was no longer profitable to farm crops so farmers left them to rot while people in cities were starving."

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

View

Hoover's Response and Political Consequences

President Hoover's initial response to the crisis was limited by his belief in minimal government intervention. His later attempts at relief proved insufficient for the scale of the crisis.

Definition: Reconstruction Finance Corporation - A government agency established by Hoover to provide loans to businesses and farmers.

Highlight: Hoover's relief measures included:

  • $130 million in tax cuts
  • $300 million in state aid for unemployment
  • The Hawley-Smoot tariff on foreign goods

Example: The Hoover Dam construction project was initiated to create jobs, but its impact was limited compared to the scale of unemployment.

Quote: "The money offered to farmers simply wasn't enough for the extent of the problem."

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

View

The New Deal's Success

Roosevelt's New Deal marked an unprecedented level of government intervention in the American economy. The program was built around the "3 R's" - Relief, Recovery, and Reform.

Definition: The New Deal was a series of programs, financial reforms, and public works projects aimed at providing relief during the Great Depression.

Example: FERA provided $500 million to states for emergency relief, helping approximately 5 million households monthly.

Quote: "For the first time in the history of the USA, the president would use the full power of the government to get the USA out of the depression."

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

View

Evaluation of the 3 R's

The New Deal's effectiveness varied across different aspects of the economy and society. While it provided significant immediate relief, its long-term impact was mixed.

Highlight: The program achieved partial success in providing immediate relief but failed to completely end unemployment.

Example: The AAA helped increase food prices but also contributed to unemployment among farm laborers.

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

View

Impact of World War II

World War II proved to be the decisive factor in America's economic recovery. The war created unprecedented demand for American goods and services, effectively ending the Depression.

Highlight: The Cash and Carry plan of 1939 created numerous jobs through weapons and supplies sales to Britain and France.

Example: The Lend-Lease program provided $7 billion worth of weapons to Great Britain, stimulating American industry.

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History

How the Great Depression Made Jobs Disappear

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Elle

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The impact of the Great Depression on American workers was devastating, transforming the nation's economic landscape from 1929 to the late 1930s.

  • Unemployment rates during the 1930s Great Depression skyrocketed from 3% in 1929 to 25% by 1933, affecting approximately 13 million Americans
  • Factory production plummeted by 45%, while housing construction decreased by 80%
  • The economic challenges faced by farmers in the 1930s were severe, leading to widespread poverty and displacement
  • President Hoover's initial reluctance to intervene was followed by Roosevelt's New Deal programs
  • World War II ultimately proved to be the decisive factor in America's economic recovery
...

23/04/2023

397

 

10

 

History

10

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

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Agricultural Crisis and Rural Impact

The farming sector experienced severe hardship during the Depression. Overproduction and falling prices created a devastating cycle of debt and foreclosure.

Vocabulary: Dust Bowl - A period of severe dust storms that damaged agricultural lands in the American prairies during the 1930s.

Highlight: Farm product prices plummeted by 60%, forcing 1-2 million farmers to become migrant workers.

Example: In 1932, one in every twenty farmers faced eviction due to mortgage defaults.

Quote: "It was no longer profitable to farm crops so farmers left them to rot while people in cities were starving."

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Hoover's Response and Political Consequences

President Hoover's initial response to the crisis was limited by his belief in minimal government intervention. His later attempts at relief proved insufficient for the scale of the crisis.

Definition: Reconstruction Finance Corporation - A government agency established by Hoover to provide loans to businesses and farmers.

Highlight: Hoover's relief measures included:

  • $130 million in tax cuts
  • $300 million in state aid for unemployment
  • The Hawley-Smoot tariff on foreign goods

Example: The Hoover Dam construction project was initiated to create jobs, but its impact was limited compared to the scale of unemployment.

Quote: "The money offered to farmers simply wasn't enough for the extent of the problem."

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

The New Deal's Success

Roosevelt's New Deal marked an unprecedented level of government intervention in the American economy. The program was built around the "3 R's" - Relief, Recovery, and Reform.

Definition: The New Deal was a series of programs, financial reforms, and public works projects aimed at providing relief during the Great Depression.

Example: FERA provided $500 million to states for emergency relief, helping approximately 5 million households monthly.

Quote: "For the first time in the history of the USA, the president would use the full power of the government to get the USA out of the depression."

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Evaluation of the 3 R's

The New Deal's effectiveness varied across different aspects of the economy and society. While it provided significant immediate relief, its long-term impact was mixed.

Highlight: The program achieved partial success in providing immediate relief but failed to completely end unemployment.

Example: The AAA helped increase food prices but also contributed to unemployment among farm laborers.

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Impact of World War II

World War II proved to be the decisive factor in America's economic recovery. The war created unprecedented demand for American goods and services, effectively ending the Depression.

Highlight: The Cash and Carry plan of 1939 created numerous jobs through weapons and supplies sales to Britain and France.

Example: The Lend-Lease program provided $7 billion worth of weapons to Great Britain, stimulating American industry.

Part 2:2 Impact of the depression on the American people: In 1929, the unemployment rate was 3% of the workforce; by 1933 it was 25%. How mu

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Impact on Different Social Groups

The Great Depression's effects varied dramatically across different segments of American society. Factory workers faced massive layoffs, with 12,000 people losing jobs daily by 1932. Local economies collapsed as unemployed workers could no longer support businesses.

Highlight: By 1932, approximately 20,000 companies went bankrupt, and 250,000 Americans defaulted on their mortgages.

Example: In Cleveland, 50% of workers were unemployed, while Toledo saw an 80% unemployment rate.

Definition: Rugged individualism - the belief that people should succeed through their own efforts without government assistance.

Quote: "Many took to living on the streets as many got evicted from their homes."

Can't find what you're looking for? Explore other subjects.

Knowunity is the #1 education app in five European countries

Knowunity has been named a featured story on Apple and has regularly topped the app store charts in the education category in Germany, Italy, Poland, Switzerland, and the United Kingdom. Join Knowunity today and help millions of students around the world.

Ranked #1 Education App

Download in

Google Play

Download in

App Store

Knowunity is the #1 education app in five European countries

4.9+

Average app rating

17 M

Pupils love Knowunity

#1

In education app charts in 17 countries

950 K+

Students have uploaded notes

Still not convinced? See what other students are saying...

iOS User

I love this app so much, I also use it daily. I recommend Knowunity to everyone!!! I went from a D to an A with it :D

Philip, iOS User

The app is very simple and well designed. So far I have always found everything I was looking for :D

Lena, iOS user

I love this app ❤️ I actually use it every time I study.