In October 1929 the stock market crashed, triggered a period of horror and conflicts in the United States. That period is known as The Great Depression. During that time nearly twenty-five percent of the population was unemployed, homeless, and famine. Most people lost their home’s and were obligated to live in little shacks that were called Hooverville. President Herbert Hoover did not do anything to stop that quandary. Soon after President Franklin Delano Roosevelt was elected to power. The New Deal was the first act taking by President FDR to bring the United States back to its cheerful days where people used to come to live the American Dream, not to live the American Nightmare. Thus The New Deal did not solve the Great Depression, but
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Agriculture was an issue in all the United States. In some places producing too much was bad for the economy and caused inflation on products such as bacon and milk.. For that cause FDR passed the Agricultural Adjustment (AAA) and the Emergency Farm Mortgage Act (EFMA). The AAA was created to support farmers by limiting their crops and land of farming and the EFMA was made to provide funds for the refinancing of these farms mortgage.. In other places, farming was impossible. With no rain the soil dried out and the wind collected them creating powerful storms of dust that cleanses the ground, leaving no fertile ground to farm. These storms were known as the Dust bowl. They were so strong turning daylight into darkness, killing animals, and carried enough electricity to power New York. The difference between the farmers the other families living in the cities during the Great Depression was the fact that the farmers left their homes in hope of finding a better place to live away from the Dust Bowl and the city people lost their homes because they were not able to pay their mortgage. Some of these people were able to get their hope back with help from the Home Owner’s Loan Act (HOLA) which provide them with funds to refinance their home mortgages and The Federal Housing problem Administration (FHA), insured banks loans for the construction and rehabilitation of homes. With these acts the amount of hoovervilles started to
Agriculture was an issue in all the United States. In some places producing too much was bad for the economy and caused inflation on products such as bacon and milk.. For that cause FDR passed the Agricultural Adjustment (AAA) and the Emergency Farm Mortgage Act (EFMA). The AAA was created to support farmers by limiting their crops and land of farming and the EFMA was made to provide funds for the refinancing of these farms mortgage.. In other places, farming was impossible. With no rain the soil dried out and the wind collected them creating powerful storms of dust that cleanses the ground, leaving no fertile ground to farm. These storms were known as the Dust bowl. They were so strong turning daylight into darkness, killing animals, and carried enough electricity to power New York. The difference between the farmers the other families living in the cities during the Great Depression was the fact that the farmers left their homes in hope of finding a better place to live away from the Dust Bowl and the city people lost their homes because they were not able to pay their mortgage. Some of these people were able to get their hope back with help from the Home Owner’s Loan Act (HOLA) which provide them with funds to refinance their home mortgages and The Federal Housing problem Administration (FHA), insured banks loans for the construction and rehabilitation of homes. With these acts the amount of hoovervilles started to