The+Great+Depression

= = =**The 1930's as** **an Era of Depression** =

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We gained a lot from the 1930's. Color films, inexpensive radio, bank regulations, these are all examples of what we would be missing. However, there was a much more devestating outcome of the 30's. The cause was a worldwide depression, and the worst and largest effect was the Second World War...

Quick review of the 30's

 * ======__Presidents__: ======
 * Hoover (1929-33)
 * FDR (1933-45)
 * ======__Domestic Issues__: ======
 * 9,000 banks crashed, economy fails with crash of stock market, hoovervilles, highest unemployment rate in American history, The Great Depression, high unemployment, rise in inflation
 * ======__Politics on the Homefront__: ======
 * Hoover- "rugged individualism﻿" & ﻿volunte ﻿e rism , opposed direct relief of the depression ﻿, tries and fails to pull us back to prosperity
 * FDR- "man of the people," New Deal & 2nd New Deal, tons of organizations created to stimulate economy, created programs to employ the unemployed, spent billions of dollars bailing out the economy
 * ======__Wolrd Wide View__-======
 * Germany in shambles, depression spreads to other countries (namely Europe and Asia), international surge of Fascism, rise of Hitler's Nazi party, decline of worthfulness of League of Nations
 * ======__Society & Technology__-======
 * radio entertainment on the rise, comedy films, color movies introduced, dust storms in the midwest, Hindenburg explodes, penny pinching

Relevancy
Now that you've had a refresher course on what the thirties were all about, we can focus on the effect of the decade, starting with the lesser effects. People were going through some pretty tough times with the high unemployment and the rising inflation. Radio provied an affordable source of entertainment for the entire family. Popular shows included The Shadow, Fibber McGee and Molly, The Lone Ranger, and even Sherlock Holmes. Many of the radio programs were later made into tv shows or movies. media type="youtube" key="uMlRpN8ANrU?fs=1" height="176" width="238"media type="youtube" key="hxIuIxqo2So?fs=1" height="177" width="238"media type="youtube" key="-ACsc0UJPko?fs=1" height="177" width="235"

The other breakthrough that was made in entertainment technology was color films. One of the first films to be shot in color was The Wizard of Oz. The movies provided an easy way to have a good time, and many Americans could spare the nickel for their own happiness.



As the Depression progressed, people were forced to scrimp and save everything they could. This legacy has actually continued through today with grandparents who grew up in a decade where they had to save every penny and every scrap to get by.

Because of the massive amount bank failures, several regulatory programs were set up. Probably the most recognizable of these is the FDIC. In the thirties, if you had money in a bank, and that bank crshed, you lost that money. Now, FDIC regulations keep that from happening. Banks have to insure their accounts in case of a financial fiasco. For the first time, bankers had to verify their qualifications. This weeded out the people that tried to use banking as a "get rich quick" scheme.

media type="youtube" key="MdbWr9XeRP8?fs=1" height="209" width="327" align="left" The biggest and baddest effect of the recessioin was the rise of Hitler. As you know, the thirties was a hard time not just for America, but for countries all over the world. Hitler was able to play off of the hardships of his fellow Germans. Germany had been hit worse as a country because they were still paying reperations from WWI. He used their time of poverty, misery, and political discord to rise to power. In a way, he did a lot of good by uniting Germany during a time of hardship. However, it was Hitler who built Germany into a war machine, and Hitler who ordered the prosecution of the Jews. These acts were what led to World War II, and they were a direct result of the depression of the thirties.