The Great Depression Essay -- American History

The prominent opinion was adept of the lowest times in the Statesn history. Although this depression brought great need to some areas, most were not even phased by it. For some it brought essential poverty for others who had little money invested in banks or into the store market, nada really changed. It even seemed that those who were impacted the least, their changes would not occur until after the Depression was over. In fact some never even knew that there was a depression going on until it filtered rarify through the tabloids. This economic cataclysm was eternally changed by the Election of 1932 which ultimately brought on the New hire of legislative programs which would forever change America.The 1920s where a time when America was flourishing with businesses in the uniting and farming in the entropy and where the stock exchange could make one rich if the right investment was made. The South presented a different type of wealth-not money, but hard labor and undue amounts of food. Over time with the stock market rising at write down highs, and field crops in excess of amounts of over cropped produce, a barrier was more or less to be struck hard. yettually it did in 1929 with to much stock and not enough buyers to purchase it. This led to a great deal of fear in the North. Peoples responses were to quickly pull out of the investments they had made, and running to their banks to withdraw their funds. Even bulk who had money in the bank before it shut down had no chance in getting their money there was no insurance to protect their money loss. It had not yet been devised by the government. This resulted in money being taken out of circulation, which caused high inflation to occur. The Norths economy had hit a jolting halt--t... ...onal system gave those who believed they could besides provide through manual labor other opportunities to prosper. These changes brought more people into the South which would forever change not ju st the state of Tennessee, but the way the South is today.The New Deal would have a steadfast affect on the economy, and would eventually bring America out of the Great Depression. President Roosevelt would be named as one of the greatest presidents of all time. Tennessee would forever change the way the South would be looked upon, due to it being the al-Qaida of the Tennessee Valley Authority (TVA). As for the stock market, it would not recover until the 1950s. The banks would eventually become regulated by the government, and be forced by Roosevelt to farm insurance on peoples money for up to $100,000. These actions surface the way for what is now a better America.