Four months after a big political bargain called the Compromise of 1877 handed the Republicans the disputed 1876 presidential election, and just weeks after the last of the federal troops were removed from the former Confederate states as part of the deal that gave the presidency to the Republicans, labor relations suddenly took a violent turn. This violence turned out to be the start of a new era that lasted for decades and reshaped the nature of the American union movement. It began when the Baltimore and Ohio Railroad announced in mid-July that it would impose an immediate 10% pay cut, the third for that year. In the face of an ongoing depression that had lingered since 1873, other railroads had already made draconian wage cuts without major protest, but in Martinsburg, West Virginia, the announcement by the Baltimore and Ohio led to a spontaneous strike in the company's rail yards that did not end quickly.
However comprehensive the New Deal seemed, it failed to achieve its main goal: ending the Depression. In 1939, the unemployment rate was still 19 percent, and not until 1943 did it reach its pre-Depression levels. The massive spending brought by the American entry to the Second World War ultimately cured the nation's economic woes.
While Roosevelt's New Deal didn't end the Great Depression, FDR did a heckuva job steering America through it. At a time when people had lost their jobs and their savings, saying there were high expectations for the new president...is an understatement.
1) Why did the Great Depression start? When the American stock market–which had a steadily upward rise for a long time. Then all of a sudden, the market crashed, plunging the country into its most severe economic downturn. Banks failed; the nations money supply diminished; and companies went bankrupt and began to fire their workers in droves.
2) And why did it last so long? The Great Depression began soon after the stock market crash of October 1929, and ended in the year 1939; A unique event which made it last longer than it should, was the collapse of the banking system. people tried to pull their money out of the banks but they had no money in them. Which sent Wall Street into a panic and wiped out millions of investors.
3)Did the New Deal put an end to the Depression? Great Depression ended by the explosive spending of World War II. All the the new deal have done was put
4)What changes did it make in America? economy began to balance the demand for any good with its supply at a price that is acceptable to both buyer and seller: the equilibrium price of the law of supply and demand. 2) Why did World War I start? Explain the process of its origins. Whose fault was it and why? Describe the fighting in the war and how it affected soldiers.
This is hogwash. Herbert Hoover did more to intervene in the peacetime economy than any prior president. Indeed, he set in motion all of the things that FDR later did in the New Deal. I argue in on the subject that Herbert Hoover bears responsibility for the Great Depression because he was such an interventionist. When FDR came into office, he merely upped the ante on everything Hoover had started, and that's why the nation stayed mired in depression for another decade.