https://padlet.com/syaritza25/fdvwj76rirgr A Great Depression Study Guide - Yaritza Serrano en-us 2018-04-04 19:28:33 UTC 2018-05-18 18:47:41 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Carfront.png syaritza25 https://padlet.com/syaritza25/fdvwj76rirgr/wish/249007452 The most severe economic depression in world history, the Great Depression critically hindered the health of global economy and that of the United States.

After a period of great speculation (buying, holding or selling stocks or shares with the hope of gain but with the risk of loss) on the U.S. stock market, in which millions of dollars were invested in shares, there was a sudden loss of confidence. It can be argued that these unsafe investment practices caused the stock market crash and contributed to the Depression. Simultaneously, disgruntled rural Americans often blamed their urban counterparts for the economic disaster, despite a huge argument being that the U.S. government -- which was controlled by the laissez-faire-believing Republican Party -- were ultimately responsible for regulating the financial system. 

]]> 2018-04-05 18:39:37 UTC https://padlet.com/syaritza25/fdvwj76rirgr/wish/249007452 syaritza25 https://padlet.com/syaritza25/fdvwj76rirgr/wish/249007759 In 1932, Franklin Roosevelt became a front-runner for the Democratic presidential nomination. At the convention of that year, Roosevelt promised to bring a "new deal for the American people."

In the general election, Roosevelt overwhelmingly defeated Hoover with an electoral margin of 18%. Once inaugurated, Roosevelt closed the banks and stabilized the economy by providing jobs and relief to millions of suffering Americans.

Over the next few years, Roosevelt implemented many of his policies in his New Deal reforms, which largely expanded the powers of the federal government.

]]> 2018-04-05 18:40:13 UTC https://padlet.com/syaritza25/fdvwj76rirgr/wish/249007759 syaritza25 https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008003 Nearly a third of the labor force was out of work, wages fell. A fifth of the country depended on government relief, or welfare. After 1929, national income fell 45%. The unemployment rate in Canada would not dip below 12% until the beginning of WWI in 1939.]]> 2018-04-05 18:40:39 UTC https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008003 syaritza25 https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008256 When the Depression devastated the American economy, the U.S. charge Latin American countries debts on their loans, creating a huge depression in Latin America's countries. The Latin industry also suffered in its own right, in which less products and high prices drove down consumer purchasing power. ]]> 2018-04-05 18:41:06 UTC https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008256 syaritza25 https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008477 Hispanic Americans: While 2 million Latinos lived in the Southwest in the agricultural or manufacturing industry, widespread discrimination fueled tensions towards Hispanics at the time. It was no matter that it was the Latino community that worked low wage jobs, but that it was a common view to think that Latinos were migrants who "stole" jobs from Americans. Welfare programs at the time of the Depression denied Latinos benefits and jobs, claiming they were not citizens -- despite the majority of them being natural-born citizens. Additionally, half a million Latinos were deported, most of whom were American citizens]]> 2018-04-05 18:41:32 UTC https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008477 syaritza25 https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008788 Literature was a common medium to express political opinion and rethinking how to convey the social experience of the Depression.]]> 2018-04-05 18:42:06 UTC https://padlet.com/syaritza25/fdvwj76rirgr/wish/249008788