During the 1930's, the major effect of the Great Depression resulted in the New Deal. ... The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover's presidency. As the Depression became worse, calls grew for increased federal intervention and spending due to the rise of the unemployed and drop of income, tax revenue, profits and prices as well as international trade. ... " He argued that the stock market had crashed in 1929 simply due to the fact that the "administration ha[d] not recognized that interrelationship existed at all.......

• Word Count: 739
• Approx Pages: 3
• Grade Level: Undergraduate

After WW1, the United States suffered from a Great Depression. The Great Depression took place due to several factors, one of these is the stock market crash on October 24th, 1929, after people began to sell their stocks. ... The new deals purpose was to completely reverse the effects of the Great Depression. Nevertheless the New Deal did not create a full recovery from the Great Depression, yet it left a real effect in two places, the American government and American society.         ... He wanted to relieve people from suffering, create reforms so that the great depression will neve...

• Word Count: 767
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

The stock market crash of 1929 and the following Great Depression became the catalysts for reform. On Black Tuesday in 1929, stock prices suddenly plunged. ... (but) more than 71% of all 1929 dividend income went to the top 1% of the population" (McElvaine 15). ... Many in the lower class nearly praised Roosevelt as if he were a new- age prophet, for "In the eyes of many depression victims...FDR could do no wrong...early in the New Deal this belief was nearly universal among poor Americans" (McElvaine 14). ... Local governments and states were granted federal aid to improve the conditions of r...

• Word Count: 1854
• Approx Pages: 7
• Grade Level: Undergraduate