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Essay / Great Depression WPA - 906
The Great Depression was felt all over the world, some countries more than others. At that time, many Americans had to live in poor conditions. In the United States, 25 percent of workers and 37 percent of all nonfarm workers lost their jobs (Smiley 1). Unemployment rates had increased to 24.9 percent by 1933 (Shmoop 1). Unable to pay their mortgages, many families lost their homes. The cause was the stock market crash of 1929. Many stock market investors panicked and sold all their stocks. The consequences of this include frightened Americans withdrawing all their savings, causing many banks to close and accumulate in their homes and a decrease in the circulation of money in the economy. Even though the economy has taken a big hit, there is hope. A new program has been administered by the government to help people suffering from depression. The Works Progress Administration (WPA) program helped improve the lives of Americans affected by the Great Depression. Upon taking office, Franklin Roosevelt began implementing a series of measures known collectively as the New Deal. One of the ideas behind the New Deal is to implement economic measures to avoid complete economic collapse. To protect the economy, Roosevelt introduced 15 laws such as the Banking Act of 1933 which guaranteed bank deposits up to $5,000 ("Roosevelt Institute"). Another idea behind the New Deal was to implement measures to revive the economy by creating jobs. One of the employment programs was the Civilian Conservation Corps (CCC) for single, unemployed men ages 18 to 25, which ran from 1933 to 1942 ("Roosevelt Institute"). This program provided unskilled manual labor for the conservation and development of natural resources in rural areas. Another job...... middle of paper...... The Roosevelt Institute. The Roosevelt Institute. Internet. March 3, 2014. “The Works Progress Administration (WPA). » American experience. PBS. Internet. March 3, 2014. .("The Works Progress Administration (WPA)")Weber, Cameron M.. "How Flexible Was the Works Progress Administration in Responding to Unemployment During the Great Depression?." . No. Internet. March 3, 2014. .William H., M.. Np. Internet. March 9, 2014. .Smiley, G.. Np. Internet. March 9, 2014. .Shmoop editorial team, . No. Internet. March 9 2014. .