Economic Failures Of The Great Depression

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The Great Depression was a terrible time that included economic failure, American hardships, and eventually a fix for the depression. The Great Depression was a global issue, but places like the United States were hit especially hard. The failures felt in the global economy were devastating. American life as a whole was sad and harsh and overly difficult. Eventually, there was a fix for the depression. The many factors of the Great Depression made it the worst economic depression in history. The economic failure that was experienced all over the world was much worse in industrialized nations and those that rely heavily on imports and exports. The reasons for why The Great Depression was so bad are disputable, but some things are certain. The …show more content…
The Depression led to a complete overhaul of economic growth, because people realized that this depression was no ordinary boom/bust period (Modern American Poetry). The global depression led to many governments being changed by new parties (Modern American Poetry). A new president, Franklin D. Roosevelt, with promises of economic change and success, was sworn in (Modern American Poetry). He came in and offered a fix for the depression; he called it the,” New Deal”. He rapidly turned the American economy around and focused more on unemployment programs instead of putting everyone on welfare (Modern American Poetry). Some of his policies had a large impact on the country’s agriculture, such as increasing the farm output by fifty percent, but in spite of this, the Dust Bowl occurred from the overplanting of the Great Plains, turning much of the Midwest into dust and so, output dropped even more than before (Modern American Poetry). Even though some of these policies had a positive impact, Georgia’s newly elected Governor, Eugene Talmadge, denied it and his reasons for doing so was that he believed it was based on communist ideas (Zainaldin). The government adopted and developed new policies and agencies to fix the economy (Smiley). The best “fix”, for the Great Depression was actually World War Two. The massive unemployment rate was reversed because most of the country was needed to fight the war and work in factories that produced munitions, vehicles, and weapons (Marquette University). Some may think that World War 2 had no positive effects on the country, but it saved our

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