Saints & Sinners is an extension of my Advanced US History class. This blog is a place for civil discourse, critical thinking and new ideas. The goal of these entries is to challenge your current viewpoint and encourage the development of logical arguments.
Monday, January 7, 2019
Great Depression-Crash Course
For this week's blog, and to ease back into the swing of things, please watch this video on the Great Depression.
For the comment section, write a 200 word post detailing what this video taught you about this era.
To start the Great Depression played a major role in the development of the world today. One thing I learned is the great depression did not start with the stock market crash in October 1929 as I thought before. The 1920s featured new consumer products that people wanted which were good for the industry, but much of this loss was fueled because credit and installment buying, which turned out unmaintainable. The farmer's prices were dropping doing this time dramatically. Most of the banks during this time period were really small banks that had to rely on their own resources which were probably the main cause of the great depression. As depositors lined up to take their money out before the banks went bankrupt, banks called in loans and sold their valuables. This meant credit was not good which caused the economy to go down. This problem led to deflation. Herbert Hoover gave an explanation in his journals for the global event that was the Great Depression. He claimed that the primary cause was World War I and the war did set the stage for a global economic disaster because of the network of debts and payments that it created for the whole world. (Word Count:203)
The Great Depression was a very hard and troubling time for our country and because of it we learned and even lived through this horrific time. Today we are taught all about it and what it caused and how it happened by watching this video I was taught even more about it. The Depression was actually caused by “America’s Weak Banking System” the banks were not very well ran at the time and if it did not have enough money usually the bank would fail. When people came in to take their money the bank would tend to loose the money and that would fail it. When the bank doesn’t have money people can not ask to borrow money for businesses and then the business would not happen or would even just fail all together and therefore that was a big part of what caused the Great Depression. During this Depression we saw and read about all the failing businesses and how much debts many people had during this time and it made it all hard on life for the people and many would have to scrap together whatever they could just for a thing in general. The Great Depression was a terrible time altogether. (205)
The Great Depression was a very sad and hopeless time. The agricultural sector suffered throughout all of the 1920’s. Farm prices dropped during this time for a couple of reasons: First, American farms had expanded a large amount during world war 1 to provide food for all of the soldiers. Second, The expansion led many farmers to mechanize their operations. Most farmers went into debt just to finance their expansions. Things changed a lot more towards the end of the 1920’s. The stock market crashed and though the loss of money in the market may not have been the whole cause of the great deprsssion; it still played a negative vital role in the downfall of the era. By 1930 only 3% of Americans owned stock and because of this the market started to recover its value but unfortunately because it was still during the Great Depression the value decreased again. The government did not seem to be doing all too much to help anybody at first. However then Herbert Hoover and the congress created the reconstruction finance corporation. The reconstruction finance corporation was a federal bailout program that borrowed money. Herbert Hoover was not a very liked man around this time because our country was very poverty stricken. We can truly learn from the Great Depression Wc: (217)
The Great Depression Crash Course Video taught me several things. He said that economist don’t really know why and how the Great Depression started. The Stock Market crashed leaving many people without money. People were becoming unemployed. People were having to dig out of the trash cans around the cities and stand in food lines with what little money they had left. Going to the grocery store was strictly limited to people that didn’t save some money at home. The farmers had it worst too. They couldn’t grow anything because of the Dust Bowl and they grew all of there produce for WW1, also many of them quit the farming and moved to California to look for work. Most joined the Hoover Dam project. The people without homes lives in small places called Hoover Homes. People know more about the after of the Great Depression with President Roosevelt and his New Deal that helped change America from this terror. A lot of people blamed the whole Great Depression on Herbert Hoover and Andrew Jackson, but when then the banks were broken down because they didn’t have enough money to stay alive. The banks crashing started in Louisville, KY and went west towards Little Rock, Arkansas and east towards Charlotte, North Carolina. (212)
The Great Depression wasn’t one little mistake that turned into a huge disaster. It was a number of small and large issues that our nation took advantage of. One of the main causes was the Stock market crash which left many people homeless/jobless. Many people thought this was the only reason. I actually believed, for some reason, that the stock market crash and the Great Depression were the same but it turns out the the Stock Market was just one of the causes. The failures of businesses was just a chain of events until its own self-destruction. What I mean is that when people started losing money they stopped investing or buying companies supplies which made businesses drop their prices. When the company stopped receiving their original profit they had to start laying off workers which increases the unemployment rate. More unemployment means less spending on products,making businesses collapse. In 1930 nearly 1000 banks collapsed but by the end of 1931 there were 2,294 that had collapsed. Still to this day there’s a lot of controversy on how involved a powerful government should be in the economy. During the Great Depression the government claimed to be “helping” but many believe that they could have done so much more. Hoover didn’t help in the case he happened to make most of the matters worse.(226)
There are many different interesting things about the Great Depression that I did not know about that I have learned. One of the things that I have learned about the Great Depression from this video is that the Great Depression was not a result of the Stock Market Crash that occurred in 1929 which I did not know and is what I have thought for a very long time . Another very interesting thing that I have learned about the Great Depression was that World War One may have lead to what is called the Great Depression which was a major era in our country’s history. I have also learned that the Failure of the banks and lack of money was one of the major causes of the Great Depression. Another interesting thing that I have learned was that the Revenue Act of 1932 was made to try and stop the Great Depression but it actually made the Great Depression worse than it already was. One very strange and weird thing that I have learned about the Great Depression was that a lot of people were unemployed and had no way to get food so they had to get their food from trash cans which is pretty nasty. ( 207 words)
There’s no real consensus about the great depression. it’s all “simple declarative statements” about it that say more about us then it says about history itself. In October 1929 the stock market crashed and this was leading cause of the Great Depression.....except it wasn’t. That’s what most people think but it isn’t technically true. The great depression did happen after the stock market crashed but not because of it. Before the stock market crashed, in the 1920’s we based on income on unsupportive substances that wouldn’t be able to last long. The agricultural section suffered as well in the 1920’s. Many farmers wanted to expand their fields and growth and so they bout tractors but they would then end up going into debt because of how expansive they were. By 1925 the car industry had slowed down. By 1929 commercial banks were loaning more money for stock market and real estate investments then for commercial ventures. John Green says if he had to name a cause for the great depression he would say it would be because of the horrible banking system. the mass of the banks in the 1920’s were small independent people having to rely on their own resources. banks weren’t lending money so employers couldn’t borrow it to pay the people and things they needed to. word count: 224
The Great Depression started after the stock market crash but it didn’t cause it. People blamed it on credit. Lots of farmers went into debt. The stock market crash and the depression weren’t the same thing. The Great Depression was massive unemployment. An opinion is that the depression was caused by America’s weak banking system. Many banks fell out of business because people took their money out and left the bank with nothing to keep them steady. Many different people were blamed for different reasons but it was everyone’s failure to do what they needed to. Many businesses and the government could’ve done more. Other country’s could’ve done more but America rejected many helpful ideas. Hoover didn’t allow the Federal Government to help. He relied on private businesses. Tariffs were raised which meant less trade, less jobs, and fewer buyers for American goods. Hoover didn’t do enough to help with the situation. The Great Depression was a terrible time for so many people. Families lost their jobs and they income. People starved. The saddest part of it all was it could’ve been avoided. Things could’ve been done to help make it less terrible. I think America needed this to happen so they could learn from their mistakes. This kind of event should never happen again. (215 words)
I learned a whole lot about The Great Depression that I never knew before. The Great Depression was a very dark and sad time for America and the people. The Great Depression started after the stock market crash that occurred in October of 1929. In the 1920’s many consumer products were invented but the issue was that it was fueled by credit and installment buying. Agriculture and farming was not easy at all, because farms prices continually kept dropping, american farms expanded enormously to provide food for soldiers, and farmers were mechanizing their operations. The Great Depression was itself because of the huge employment rate. In 1930 a big wave of bank failures began and started appearing all over the United States and depositors went to banks to take their money which made banks fail and go out of business. Many banks in this era were just small banks that had to rely on their own resources which then began to deflation. Bank were not lending money so bosses and managers were not able to receive money to give to their employees which led to more and more people being unemployed. The main blame for the Great Depression would have to be the banks. (204 words)
The Great Depression is “complicated”-John Green. I personally always thought that the Great Depression began due to the stock market crash, but that’s not the case. I even did reports that the stock market crash was the leading case, how embarrassing. “What we think the Great Depression is actually started after the stock market crash.” One: during the 1920’s a bunch of new things were being invented and it lit a good spark in the American industry, but it led to a dangerous friend that we all know as credit. Two: farmers were losing their money due to price lowage because of the expansion of farms during World War 1. Farms expanded because soldiers needed to be fed. In the end, overproduction and low prices equals disaster for yo mula (cash). But! Those still weren’t the cause for the Great Depression. Some don’t really know the cause for the Great Depression. I believe it was a mix of all of them; the mix was toxic and it created an explosion. Also, the banks weren’t the wisest during this time. They weren’t the best at their job, during this time. The banks quote un quote “by 1929, commercial bankers were in the unusual position of loaning more money for the stock market and real estate investments than for commercial ventures.” The bank just wasn’t strong enough. So, to conclude the early 1930’s were just not the brightest, but America wouldn’t be America without the Great Depression so even though it was a huge rough patch, i’m thankful. (260)
Wow!! I learned new things about the Great Depression that I really didn’t know happened, for example it started after the stock market crash. People were blaming things on credit and the stock market crash; but the stock market crash on October 1929 or credits were not the cause. A lot of people went unemployed because of the Great Depression. In 1930 nearly 1000 banks collapsed but by the end of 1931 there were 2,294 that had collapsed. During the Great Depression the government said to be helping but a lot of people don’t believe them. After watching this video it sounds as if the government could have done more for the people. Hoover definitely ended up looking guilty because he did not do much he also seemed as if he did not care. Farm were deeply affected during the Great Depression their prices dropped because of WWI. Farmers had to expanded to provide food for all of the soldiers this led the farmers to mechanize their operations; A lot of farmers went into debt because of their expansions. The dust bowl added to the list of all the things that could go wrong during the Great Depression, it was now harder for the farmers to be able to grow their crops. It’s sad that something like this happened to a country that was growing at such a fast pace, but it was also a learning experience for all the next generation to come. Word count- 245
To start the Great Depression played a major role in the development of the world today. One thing I learned is the great depression did not start with the stock market crash in October 1929 as I thought before. The 1920s featured new consumer products that people wanted which were good for the industry, but much of this loss was fueled because credit and installment buying, which turned out unmaintainable. The farmer's prices were dropping doing this time dramatically. Most of the banks during this time period were really small banks that had to rely on their own resources which were probably the main cause of the great depression. As depositors lined up to take their money out before the banks went bankrupt, banks called in loans and sold their valuables. This meant credit was not good which caused the economy to go down. This problem led to deflation. Herbert Hoover gave an explanation in his journals for the global event that was the Great Depression. He claimed that the primary cause was World War I and the war did set the stage for a global economic disaster because of the network of debts and payments that it created for the whole world. (Word Count:203)
ReplyDeleteThe Great Depression was a very hard and troubling time for our country and because of it we learned and even lived through this horrific time. Today we are taught all about it and what it caused and how it happened by watching this video I was taught even more about it. The Depression was actually caused by “America’s Weak Banking System” the banks were not very well ran at the time and if it did not have enough money usually the bank would fail. When people came in to take their money the bank would tend to loose the money and that would fail it. When the bank doesn’t have money people can not ask to borrow money for businesses and then the business would not happen or would even just fail all together and therefore that was a big part of what caused the Great Depression. During this Depression we saw and read about all the failing businesses and how much debts many people had during this time and it made it all hard on life for the people and many would have to scrap together whatever they could just for a thing in general. The Great Depression was a terrible time altogether. (205)
ReplyDeleteThe Great Depression was a very sad and hopeless time. The agricultural sector suffered throughout all of the 1920’s. Farm prices dropped during this time for a couple of reasons: First, American farms had expanded a large amount during world war 1 to provide food for all of the soldiers. Second, The expansion led many farmers to mechanize their operations. Most farmers went into debt just to finance their expansions. Things changed a lot more towards the end of the 1920’s. The stock market crashed and though the loss of money in the market may not have been the whole cause of the great deprsssion; it still played a negative vital role in the downfall of the era. By 1930 only 3% of Americans owned stock and because of this the market started to recover its value but unfortunately because it was still during the Great Depression the value decreased again. The government did not seem to be doing all too much to help anybody at first. However then Herbert Hoover and the congress created the reconstruction finance corporation. The reconstruction finance corporation was a federal bailout program that borrowed money. Herbert Hoover was not a very liked man around this time because our country was very poverty stricken. We can truly learn from the Great Depression
ReplyDeleteWc: (217)
The Great Depression Crash Course Video taught me several things. He said that economist don’t really know why and how the Great Depression started. The Stock Market crashed leaving many people without money. People were becoming unemployed. People were having to dig out of the trash cans around the cities and stand in food lines with what little money they had left. Going to the grocery store was strictly limited to people that didn’t save some money at home. The farmers had it worst too. They couldn’t grow anything because of the Dust Bowl and they grew all of there produce for WW1, also many of them quit the farming and moved to California to look for work. Most joined the Hoover Dam project. The people without homes lives in small places called Hoover Homes. People know more about the after of the Great Depression with President Roosevelt and his New Deal that helped change America from this terror. A lot of people blamed the whole Great Depression on Herbert Hoover and Andrew Jackson, but when then the banks were broken down because they didn’t have enough money to stay alive. The banks crashing started in Louisville, KY and went west towards Little Rock, Arkansas and east towards Charlotte, North Carolina. (212)
ReplyDeleteThe Great Depression wasn’t one little mistake that turned into a huge disaster. It was a number of small and large issues that our nation took advantage of. One of the main causes was the Stock market crash which left many people homeless/jobless. Many people thought this was the only reason. I actually believed, for some reason, that the stock market crash and the Great Depression were the same but it turns out the the Stock Market was just one of the causes. The failures of businesses was just a chain of events until its own self-destruction. What I mean is that when people started losing money they stopped investing or buying companies supplies which made businesses drop their prices. When the company stopped receiving their original profit they had to start laying off workers which increases the unemployment rate. More unemployment means less spending on products,making businesses collapse. In 1930 nearly 1000 banks collapsed but by the end of 1931 there were 2,294 that had collapsed. Still to this day there’s a lot of controversy on how involved a powerful government should be in the economy. During the Great Depression the government claimed to be “helping” but many believe that they could have done so much more. Hoover didn’t help in the case he happened to make most of the matters worse.(226)
ReplyDeleteThere are many different interesting things about the Great Depression that I did not know about that I have learned. One of the things that I have learned about the Great Depression from this video is that the Great Depression was not a result of the Stock Market Crash that occurred in 1929 which I did not know and is what I have thought for a very long time . Another very interesting thing that I have learned about the Great Depression was that World War One may have lead to what is called the Great Depression which was a major era in our country’s history. I have also learned that the Failure of the banks and lack of money was one of the major causes of the Great Depression. Another interesting thing that I have learned was that the Revenue Act of 1932 was made to try and stop the Great Depression but it actually made the Great Depression worse than it already was. One very strange and weird thing that I have learned about the Great Depression was that a lot of people were unemployed and had no way to get food so they had to get their food from trash cans which is pretty nasty. ( 207 words)
ReplyDeleteThere’s no real consensus about the great depression. it’s all “simple declarative statements” about it that say more about us then it says about history itself. In October 1929 the stock market crashed and this was leading cause of the Great Depression.....except it wasn’t. That’s what most people think but it isn’t technically true. The great depression did happen after the stock market crashed but not because of it. Before the stock market crashed, in the 1920’s we based on income on unsupportive substances that wouldn’t be able to last long. The agricultural section suffered as well in the 1920’s. Many farmers wanted to expand their fields and growth and so they bout tractors but they would then end up going into debt because of how expansive they were. By 1925 the car industry had slowed down. By 1929 commercial banks were loaning more money for stock market and real estate investments then for commercial ventures. John Green says if he had to name a cause for the great depression he would say it would be because of the horrible banking system. the mass of the banks in the 1920’s were small independent people having to rely on their own resources. banks weren’t lending money so employers couldn’t borrow it to pay the people and things they needed to.
ReplyDeleteword count: 224
The Great Depression started after the stock market crash but it didn’t cause it. People blamed it on credit. Lots of farmers went into debt. The stock market crash and the depression weren’t the same thing. The Great Depression was massive unemployment. An opinion is that the depression was caused by America’s weak banking system. Many banks fell out of business because people took their money out and left the bank with nothing to keep them steady. Many different people were blamed for different reasons but it was everyone’s failure to do what they needed to. Many businesses and the government could’ve done more. Other country’s could’ve done more but America rejected many helpful ideas. Hoover didn’t allow the Federal Government to help. He relied on private businesses. Tariffs were raised which meant less trade, less jobs, and fewer buyers for American goods. Hoover didn’t do enough to help with the situation. The Great Depression was a terrible time for so many people. Families lost their jobs and they income. People starved. The saddest part of it all was it could’ve been avoided. Things could’ve been done to help make it less terrible. I think America needed this to happen so they could learn from their mistakes. This kind of event should never happen again. (215 words)
ReplyDeleteI learned a whole lot about The Great Depression that I never knew before. The Great Depression was a very dark and sad time for America and the people. The Great Depression started after the stock market crash that occurred in October of 1929. In the 1920’s many consumer products were invented but the issue was that it was fueled by credit and installment buying. Agriculture and farming was not easy at all, because farms prices continually kept dropping, american farms expanded enormously to provide food for soldiers, and farmers were mechanizing their operations. The Great Depression was itself because of the huge employment rate. In 1930 a big wave of bank failures began and started appearing all over the United States and depositors went to banks to take their money which made banks fail and go out of business. Many banks in this era were just small banks that had to rely on their own resources which then began to deflation. Bank were not lending money so bosses and managers were not able to receive money to give to their employees which led to more and more people being unemployed. The main blame for the Great Depression would have to be the banks. (204 words)
ReplyDeleteThe great depression
ReplyDeleteThe Great Depression is “complicated”-John Green. I personally always thought that the Great Depression began due to the stock market crash, but that’s not the case. I even did reports that the stock market crash was the leading case, how embarrassing. “What we think the Great Depression is actually started after the stock market crash.” One: during the 1920’s a bunch of new things were being invented and it lit a good spark in the American industry, but it led to a dangerous friend that we all know as credit. Two: farmers were losing their money due to price lowage because of the expansion of farms during World War 1. Farms expanded because soldiers needed to be fed. In the end, overproduction and low prices equals disaster for yo mula (cash). But! Those still weren’t the cause for the Great Depression. Some don’t really know the cause for the Great Depression. I believe it was a mix of all of them; the mix was toxic and it created an explosion. Also, the banks weren’t the wisest during this time. They weren’t the best at their job, during this time. The banks quote un quote “by 1929, commercial bankers were in the unusual position of loaning more money for the stock market and real estate investments than for commercial ventures.” The bank just wasn’t strong enough. So, to conclude the early 1930’s were just not the brightest, but America wouldn’t be America without the Great Depression so even though it was a huge rough patch, i’m thankful. (260)
Wow!! I learned new things about the Great Depression that I really didn’t know happened, for example it started after the stock market crash. People were blaming things on credit and the stock market crash; but the stock market crash on October 1929 or credits were not the cause. A lot of people went unemployed because of the Great Depression. In 1930 nearly 1000 banks collapsed but by the end of 1931 there were 2,294 that had collapsed. During the Great Depression the government said to be helping but a lot of people don’t believe them. After watching this video it sounds as if the government could have done more for the people. Hoover definitely ended up looking guilty because he did not do much he also seemed as if he did not care. Farm were deeply affected during the Great Depression their prices dropped because of WWI. Farmers had to expanded to provide food for all of the soldiers this led the farmers to mechanize their operations; A lot of farmers went into debt because of their expansions. The dust bowl added to the list of all the things that could go wrong during the Great Depression, it was now harder for the farmers to be able to grow their crops. It’s sad that something like this happened to a country that was growing at such a fast pace, but it was also a learning experience for all the next generation to come. Word count- 245
ReplyDelete