The 1930’s: The Good Times And The Bad Times

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Term Paper Title	The 1930’s: The Good Times And The Bad Times
# of Words	2794
# of Pages (250 words per page double spaced)	11.18

The 1930’s: The Good Times and The Bad Times
The decade of the 1930’s can be characterized in two parts: The Great Depression, and the restoration of the American economy. America had been completely destroyed due to the Stock Market Crash of 1929. It was up to the government and people of the 1930’s to "mend" America’s wounds. One man stood up to this challenge, Franklin Delano Roosevelt. He promised to fix the American economy, provide jobs, and help the needy. During The Great Depression, the crime rate had risen to an all new high. J. Edgar Hoover helped to create the Federal Bureau of Investigation. As America was restored, culture grew quickly. Dance clubs, new music styles, glamour girls, movies and sports were all popular forms of entertainment in the 1930’s. From January 1st, 1930 to December 31st 1939, American was in a process of healing it’s economic wounds.
The stock market panic preceded an economic depression that not only spread over the United States but in the early 1930s became worldwide. In the United States, despite the optimistic statements of President Herbert Hoover (president during the crash) and his secretary of the treasury, Andrew W. Mellon, that business was "fundamentally sound" and that a new era of prosperity was just about to begin, many factories closed, unemployment steadily increased, banks failed in growing numbers, and the prices of commodities steadily fell. The administration began to take steps to combat the crisis. Among the measures taken were the granting of emergency appropriations for farm relief and public works, modification of the rules of the Federal Reserve System to make it easier for people in business and farming to obtain credit, and the establishment of the Reconstruction Finance Corporation (RFC), with assets of $2 billion, to make emergency loans to industries, railroads, insurance co!
mpanies, and banks. Nevertheless, the economic depression steadily worsened during the remainder of the Hoover administration. Hoover’s plans were not working well. By 1932 hundreds of banks had failed, hundreds of mills and factories had closed, mortgages on farms and houses were being foreclosed in large numbers, and more than 10 million workers were unemployed. The presidential campaign of 1932, in which the Democratic candidate was Franklin D. Roosevelt, was waged on the issues of Prohibition and the economic crisis. The Democratic platform called for outright repeal of the 18th Amendment and promised a "...

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