Topic > Relief Efforts During the Great Depression - 1479

The Great Depression was a time of hardship for many. People lost their jobs, homes, money and almost half of the population was below the poverty line. As the number of unemployed men and women increased, states and private organizations decided to provide aid to those who needed it. However, the rigorous efforts of these charities and the government have not provided much long-term “relief”. Many people had taken advantage of these charitable organizations and soon the question becomes apparent: what really is the American dream now? The economic crisis began in August 1929 when a recession began, but it was not until the stock market crash of October 1929 that a rapid decline in economic stability had occurred. As a result, a year after the crash, banks began to fail because they had invested large sums of customers' money in stocks. Many people thus began to withdraw all their money from deposits, worsening the financial crisis. The failure of banks and stocks had created a domino effect in which other sectors such as automobiles and household appliances also failed due to customers' decreasing consumption. Factory owners had no choice but to lay off many people and cut wages, causing the economy to collapse. The Great Depression reached the city's rural areas as the dust bowl devastated farmland. Severe drought conditions and deep plowing worsened the soil to the point that the soil turned to dust. Making the land unusable for growing crops and no other method of income. Millions of farmers had to migrate to the cities from the Great Plains in search of work. To their disadvantage, there were practically no jobs available. With the rise of the unemployed... middle of the paper... ez-faire practices had been stripped of that ability due to the President's New Deal policies. However, for those directly suffering from poverty, the government's forceful actions towards the problems have helped them get back on their feet through the help of social security, CCC, etc. The idea of ​​the American dream today is very different from what it was. The fact that any individual can improve their current economic position through hard work and succeed their parents financially is no longer true. There is no longer the same opportunity for those without a degree. In the early 1900s, it was almost guaranteed that a person without a formal education could find a reasonably well-paying job through hard work. Today, however, it is very difficult to find a job if you do not have a degree.