C121-Task 4.docx - Part A When one speaks of the Great...

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Part A:When one speaks of the Great Depression, the first thing that comes to mind is the crash of the stock market but there were many factors that lead our county into an economic hardship. Banks were providing credit for stock purchase when the company was not worth the value assumed. As the economy began to slow, citizens started to sell their shares in a panic. All the money that was invested was lost and people lost everything. This was just the beginning. With the rise of machines, farmers were able to produce more crops in less time. Because food was more readily available, the price of food drop and less profit was made. Then a drought took over causing farms to close. Another cause was rise of products that were purchased by borrowing from the bank. Automobiles and appliances were just a few of the products that people could not purchase without credit. When the economy dropped, people could not pay back the loans causing the banks to fail (Norton, 2015). Part B:The “New Deal” was organized by President Franklin D. Roosevelt as a way to assist with the recovery of the Great Depression. It consisted of the 3 R’s: Relief, Recovery, and Reform. The Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) was set up a relief to help unemployed Americans. These departments helped build hospitals, parks, schools, and other public areas provided millions with jobs and income.

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