The Great Depression And The Bay Area.... :: essays research papers

The Great Depression increasingly got worse and then progressively got better. Coming in and out of the printing was not an over night thing, It included lots of planning and action. in that location were a few major causes of the Great Depression,. The United states had three true worldly-minded presidents in the 1920s Harding, Coolidge, and Hoover. They all believed in mechanization which in deviate fix thousands of people out of work, and the trickle down theory where the silver that the flush spent was supposed to somehow make its modality though the system to the unworthy. The money never made it so the shortsighted had to find some way to get money and that was through adds from the banks. The worthless had no way of making money which made it close to impossible to pay back the loans plus the interest thus, beginning the ban and loan crisis. Banks were closing rapidly because of the money loss.This led to the concentration of wealth the give two percent of the US owned sixty percent of the money and the rest of the people were poor. Mechanization caused massive over production which put the US in a strain because of its lack of consumers. So they cut production and raised prices which was still ineffective. With food being likewise expensive work, and housing was scarce the poor were forced to make housing.With a combination of mechanization, conservative presidents, concentration of the wealth because of the trickle down theory, and higher(prenominal) taxes on the poor, the poor worked harder and steadily got poorer. Mexican Americans got deported during the depression because they felt that they were fetching all the jobs.Hoovers response to the Depression was shaped his conservative Republican ideas. He thought that the poor were lazy and that the rich became rich because they worked hard. The believed in Big Business, and that the money would trickle down if the poor worked harder. He thought that the Depression would solve itself. He thought that heavy(a) business would end the depression. So thats why he didnt stop actions sooner in the Depression. Hoover waited too long to take action thus, resulting in him getting blamed for the DepressionRoosevelt, unlike the presidents beforehand him took action in an attempt to end the depression. When Roosevelt took office in 1933, the kingdom was in the middle of the Great Depression.