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Great Depression

Date Submitted: 05/27/2004 04:22:24
Category: / History
Length: 2 pages (557 words)
Many things were responsible for the Great Depression of 1929. One factor was the low income among the farmers and the factory workers. The farmers’ prices of their goods went down 40 percent, making it impossible for them to make any profit. They were not making enough money to continue paying their mortgages on their farms. Banks began to fail. Many people lost money they had invested in the bank. It did not know how to handle …
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…a leader then Hoover. As governor of New York, Roosevelt responds by introducing state government welfare, establishing the temporary emergency relief to provided unemployment assistance to New York's poor. This helped Roosevelt become more popular among the people of the economy, helping him win the election. Roosevelt came out as a stronger person, who the people could trust to get them out of this Depression they were in. He has a future for the America. .
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