In the 1920s, African Americans were looked upon as lower class individuals and as a result, had very low paying jobs. Now, just imagine an economic crisis in such a situation. It will be chaotic. Unfortunately, an economic crisis did hit, and many African Americans lost their jobs, to leave the jobs for the white […]
During the Great Depression, Franklin D.Roosevelt stated, “The only thing we have to fear is fear itself.” As World War I ended and the 1920’s boom in the industry deteriorated, the Great Depression developed and the result was dreadful. The crash affected millions of people and lasted for about a decade. United States was in […]
Both the Great Depression and the Great Recession were major events that have occurred in the United States economy that have had lasting effects on the country and other countries around the world. But these events were necessarily good ones. They were two of the greatest crises in American economic history. The Great Depression was […]
Cooperative federalism is a form of federalism in which the national government and the state governments function less independently from one another and share responsibilities and policies. Whereas with dual federalism, the distinct levels of government interact, but function separately from one another. With cooperative federalism, the national government must grow and take on more […]
For political scientist Ira Katznelson (Columbia University), racism in the United States is not only a historical evil, it is a present-day, government-institutionalized evil. In his book When Affirmative Action Was White: An Untold History of Racial Inequality in Twentieth-Century America, Katznelson argues that the only way for United States society to bridge the gap […]
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Get startedThe Great Depression refers to the economic downturn that occurred in the year 1929, and lasted until the year 1939, with the industrial production in the United States declining by 47%, and the gross domestic product recorded a fall of 30% between the years 1929 to 1933 (Eichengreen 189). While the Great depression originated in […]
The Great Depression had a devastating impact on the nation, spreading across the countryside and bringing hardship to big cities and small towns. No social, racial, or economic class was excluded. At the depth of the depression, in 1933: 13 million people were unemployed, 50% percent of the banks had foreclosed, national income fell by […]
The Great Depression is a major event in American history impacted the lives of many Americans and others around the World. Following World War I, the Great Depression brought pain, confusion, and suffering to a countless amount of Americans lives. Any hope Americans had at the time was lost because of this tragic event. Unfortunately, […]
The concept of a minimum wage is self-explanatory: employees are guaranteed a pay rate that their employers cannot legally reduce. Today, minimum wage laws play a critical role in our economy; but this was not always the case. The first minimum wage laws were enacted in New Zealand in 1894 but did not come to […]
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