Week 10 Reflection

So this week post is about the Great Depression and why the Depression lasted as long as it did. Also why It devoted particular attention to the impact on African Americans, the elderly, Mexican Americans, labor, and women. With the addition to assessing the ideas that informed the New Deal policies, this section examines the critics and evaluates the impact of the New Deal. How I really feel about this week is really scared for a lot of people. The big reason being do this pandemic it forced a lot of people into being jobless, business owner closing, and putting kids in a hard spot. On the people filling for unemployment is through the roof times like this could cause us to go through another Great Depression. Like for instance stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. For the next ten years, the United States was mired in a deep economic depression. By 1933, unemployment had soared to 25 percent, up from just 3.2 percent in 1929. Industrial production declined by 50 percent. In 1929 before the crash, investment in the U.S. economy totaled $16 billion. By 1933, the figure had fallen to $340 million--a decrease of 98 percent. And how its going right I feel like it going to go down in a similar way. The sweeping Democratic electoral victory in 1936 was followed by a deep economic relapse known as the "Roosevelt Recession." In just a few months, industrial production fell by 40 percent; unemployment rose by 4 million; stock prices plunged 48 percent. Several factors contributed to the "little depression." Reassured by good economic news in 1936, Roosevelt slashed government spending the following year. The budget cuts knocked the economy into a tailspin. Roosevelt's virulent attacks on "economic royalists" also undermined business confidence. Like after just seeing all that looking like we gonna go back into it, hopefully not though.