Of Mice and Men Topic Research

16.2.16

The Great Depression

  The amount of resources needed for the U.S. in World War I contributed to being the first domino  of the U.S. economy's depletion in the 1920s. According to HyperHistory which provides a timeline of the Great Depression, the U.S. federal government had to "...spend three times larger than tax collections." during the war. Following it's end, the U.S. had to deal with the cutting back of their budget in order to compensate for what they spent during the war. This attempt, though, was unsuccessful in saving the economy. In addition to this, the amount of labor that was available are as follows: "The United Mine Workers Union will see its membership fall from 500,000 in 1920 to 75,000 in 1928. The American Federation of Labor would fall from 5.1 million in 1920 to 3.4 million in 1929." This decimated the various companies that needed those workers. Thus, causing millions of workers to go jobless; resulting to the inability of purchase from the middle-classes.

  The U.S. was affected by the Great Depression in both political and cultural ways. The federal government had to intervene with American lives due to the struggling state of their country. This was done in various ways such as; "...as national old-age pensions, unemployment compensation, aid to dependent children, public housing, federally-subsidized school lunches, insured bank depositions, the minimum wage, and stock market regulation." The citizens of the U.S. saw the federal government as the shining light in their darkest times. Everything was transformed in some way for the better. In addition to this, their intervention "...fundamentally altered labor relations, producing a revived labor movement and a national labor policy protective of collective bargaining." Thus relieving the people from their struggles both in their productions and labors.

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