one sentence thesis why did the depression began

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Great Depression History

By: History.com Editors

Updated: October 20, 2023 | Original: October 29, 2009

New York, USA 1931. New Yorkers celebrated Christmas in 1931, with a city-wide solicitude for those touched by misfortune during the year. The Municipal Lodging House fed 10,000 persons, including about 100 women and the Police Glee Club and the Police BNew York, USA, 1931, New Yorkers celebrated Christmas in 1931, with a city-wide solicitude for those touched by misfortune during the year, The Municipal Lodging House fed 10,000 persons, including about 100 women and the Police Glee Club and the Police Band entertained them, Here a line of hungrey men waiting to enter the Municipal Lodging House on East 25th street (Photo by Rolls Press/Popperfoto via Getty Images/Getty Images)

The Great Depression was the worst economic crisis in modern history, lasting from 1929 until the beginning of World War II in 1939. The causes of the Great Depression included slowing consumer demand, mounting consumer debt, decreased industrial production and the rapid and reckless expansion of the U.S. stock market. When the stock market crashed in October 1929, it triggered a crisis in the international economy, which was linked via the gold standard. A rash of bank failures followed in 1930, and as the Dust Bowl increased the number of farm foreclosures, unemployment topped 20 percent by 1933. Presidents Herbert Hoover and Franklin D. Roosevelt tried to stimulate the economy with a range of incentives including Roosevelt’s New Deal programs, but ultimately it took the manufacturing production increases of World War II to end the Great Depression.

What Caused the Great Depression?

Throughout the 1920s, the U.S. economy expanded rapidly, and the nation’s total wealth more than doubled between 1920 and 1929, a period dubbed “ the Roaring Twenties .”

The stock market, centered at the New York Stock Exchange on Wall Street in New York City , was the scene of reckless speculation, where everyone from millionaire tycoons to cooks and janitors poured their savings into stocks. As a result, the stock market underwent rapid expansion, reaching its peak in August 1929.

By then, production had already declined and unemployment had risen, leaving stock prices much higher than their actual value. Additionally, wages at that time were low, consumer debt was proliferating, the agricultural sector of the economy was struggling due to drought and falling food prices and banks had an excess of large loans that could not be liquidated.

The American economy entered a mild recession during the summer of 1929, as consumer spending slowed and unsold goods began to pile up, which in turn slowed factory production. Nonetheless, stock prices continued to rise, and by the fall of that year had reached stratospheric levels that could not be justified by expected future earnings.

Stock Market Crash of 1929

On October 24, 1929, as nervous investors began selling overpriced shares en masse, the stock market crash that some had feared happened at last. A record 12.9 million shares were traded that day, known as “Black Thursday.”

Five days later, on October 29, or “Black Tuesday,” some 16 million shares were traded after another wave of panic swept Wall Street. Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely.

As consumer confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down production and begin firing their workers. For those who were lucky enough to remain employed, wages fell and buying power decreased.

Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. The global adherence to the gold standard , which joined countries around the world in fixed currency exchange, helped spread economic woes from the United States throughout the world, especially in Europe.

Bank Runs and the Hoover Administration

Despite assurances from President Herbert Hoover and other leaders that the crisis would run its course, matters continued to get worse over the next three years. By 1930, 4 million Americans looking for work could not find it; that number had risen to 6 million in 1931.

Meanwhile, the country’s industrial production had dropped by half. Bread lines, soup kitchens and rising numbers of homeless people became more and more common in America’s towns and cities. Farmers couldn’t afford to harvest their crops and were forced to leave them rotting in the fields while people elsewhere starved. In 1930, severe droughts in the Southern Plains brought high winds and dust from Texas to Nebraska, killing people, livestock and crops. The “ Dust Bowl ” inspired a mass migration of people from farmland to cities in search of work.

In the fall of 1930, the first of four waves of banking panics began, as large numbers of investors lost confidence in the solvency of their banks and demanded deposits in cash, forcing banks to liquidate loans in order to supplement their insufficient cash reserves on hand.

Bank runs swept the United States again in the spring and fall of 1931 and the fall of 1932, and by early 1933 thousands of banks had closed their doors.

In the face of this dire situation, Hoover’s administration tried supporting failing banks and other institutions with government loans; the idea was that the banks in turn would loan to businesses, which would be able to hire back their employees.

FDR and the Great Depression

Hoover, a Republican who had formerly served as U.S. secretary of commerce, believed that government should not directly intervene in the economy and that it did not have the responsibility to create jobs or provide economic relief for its citizens.

In 1932, however, with the country mired in the depths of the Great Depression and some 15 million people unemployed, Democrat Franklin D. Roosevelt won an overwhelming victory in the presidential election.

By Inauguration Day (March 4, 1933), every U.S. state had ordered all remaining banks to close at the end of the fourth wave of banking panics, and the U.S. Treasury didn’t have enough cash to pay all government workers. Nonetheless, FDR (as he was known) projected a calm energy and optimism, famously declaring "the only thing we have to fear is fear itself.”

Roosevelt took immediate action to address the country’s economic woes, first announcing a four-day “bank holiday” during which all banks would close so that Congress could pass reform legislation and reopen those banks determined to be sound. He also began addressing the public directly over the radio in a series of talks, and these so-called “ fireside chats ” went a long way toward restoring public confidence.

During Roosevelt’s first 100 days in office, his administration passed legislation that aimed to stabilize industrial and agricultural production, create jobs and stimulate recovery.

In addition, Roosevelt sought to reform the financial system, creating the Federal Deposit Insurance Corporation ( FDIC ) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent abuses of the kind that led to the 1929 crash.

The New Deal: A Road to Recovery

Among the programs and institutions of the New Deal that aided in recovery from the Great Depression was the Tennessee Valley Authority (TVA) , which built dams and hydroelectric projects to control flooding and provide electric power to the impoverished Tennessee Valley region, and the Works Progress Administration (WPA) , a permanent jobs program that employed 8.5 million people from 1935 to 1943.

When the Great Depression began, the United States was the only industrialized country in the world without some form of unemployment insurance or social security. In 1935, Congress passed the Social Security Act , which for the first time provided Americans with unemployment, disability and pensions for old age.

After showing early signs of recovery beginning in the spring of 1933, the economy continued to improve throughout the next three years, during which real GDP (adjusted for inflation) grew at an average rate of 9 percent per year.

A sharp recession hit in 1937, caused in part by the Federal Reserve’s decision to increase its requirements for money in reserve. Though the economy began improving again in 1938, this second severe contraction reversed many of the gains in production and employment and prolonged the effects of the Great Depression through the end of the decade.

Depression-era hardships fueled the rise of extremist political movements in various European countries, most notably that of Adolf Hitler’s Nazi regime in Germany. German aggression led war to break out in Europe in 1939, and the WPA turned its attention to strengthening the military infrastructure of the United States, even as the country maintained its neutrality.

African Americans in the Great Depression

One-fifth of all Americans receiving federal relief during the Great Depression were Black, most in the rural South. But farm and domestic work, two major sectors in which Black workers were employed, were not included in the 1935 Social Security Act, meaning there was no safety net in times of uncertainty. Rather than fire domestic help, private employers could simply pay them less without legal repercussions. And those relief programs for which African Americans were eligible on paper were rife with discrimination in practice since all relief programs were administered locally.

Despite these obstacles, Roosevelt’s “Black Cabinet,” led by Mary McLeod Bethune , ensured nearly every New Deal agency had a Black advisor. The number of African Americans working in government tripled .

Women in the Great Depression

There was one group of Americans who actually gained jobs during the Great Depression: Women. From 1930 to 1940, the number of employed women in the United States rose 24 percent from 10.5 million to 13 million Though they’d been steadily entering the workforce for decades, the financial pressures of the Great Depression drove women to seek employment in ever greater numbers as male breadwinners lost their jobs. The 22 percent decline in marriage rates between 1929 and 1939 also created an increase in single women in search of employment.

Women during the Great Depression had a strong advocate in First Lady Eleanor Roosevelt , who lobbied her husband for more women in office—like Secretary of Labor Frances Perkins , the first woman to ever hold a cabinet position.

Jobs available to women paid less but were more stable during the banking crisis: nursing, teaching and domestic work. They were supplanted by an increase in secretarial roles in FDR’s rapidly-expanding government. But there was a catch: over 25 percent of the National Recovery Administration’s wage codes set lower wages for women, and jobs created under the WPA confined women to fields like sewing and nursing that paid less than roles reserved for men.

Married women faced an additional hurdle: By 1940, 26 states had placed restrictions known as marriage bars on their employment, as working wives were perceived as taking away jobs from able-bodied men—even if, in practice, they were occupying jobs men would not want and doing them for far less pay.

Great Depression Ends and World War II Begins

With Roosevelt’s decision to support Britain and France in the struggle against Germany and the other Axis Powers, defense manufacturing geared up, producing more and more private-sector jobs.

The Japanese attack on Pearl Harbor in December 1941 led to America’s entry into World War II, and the nation’s factories went back into full production mode.

This expanding industrial production, as well as widespread conscription beginning in 1942, reduced the unemployment rate to below its pre-Depression level. The Great Depression had ended at last, and the United States turned its attention to the global conflict of World War II.

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one sentence thesis why did the depression began

Essays on the Great Depression

  • Ben S. Bernanke

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From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects

one sentence thesis why did the depression began

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As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke’s influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.

"Bernanke certainly knows the importance of well-functioning markets. In Essays on the Great Depression he wrote persuasively that runs on the banks and extensive defaults on loans reduced the efficiency of the financial sector, prevented it from doing its normal job in allocating resources, and contributed to the Depression severity. The Depression-era problems he studied are mirrored by similar issues today, and they need urgent attention."—Robert J. Shiller, New York Times

"Bernanke probably knows more about the Depression of the 1930s, about specific events and economic interpretations, than any other living person."—Michael Barone, U.S. News & World Report

"Tempting as it is to focus on President Herbert Hoover and the 1929 U.S. market crash, Bernanke explores conditions across dozens of countries—assessing where banking crises erupted, how deeply economic activity plummeted and which central banks made the right calls."—Carlos Lozada, Washington Post

"Having devoted much of his career to studying the causes of the Great Depression, Bernanke was the academic expert on how to prevent financial crises from spinning out of control and threatening the general economy. One line from his Essays on the Great Depression sounds especially prescient today: 'To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.'"—Roger Lowenstein, New York Times Magazine

"Fortunately, before he became entangled in these restrictions [Bernanke] did edit and help write a book, Essays on the Great Depression . . . . Bernanke's motive was that understanding the depression would provide important clues to what can go wrong with capitalist market systems."—Samuel Brittan, Financial Times

"The financial crisis has made Federal Reserve Chairman Ben Bernanke's book Essays on the Great Depression a hot seller. . . . Bernanke, a former Princeton University economist, is considered the pre-eminent living scholar of the Great Depression. He is practicing today what he preached in his book: Flood the system with money to avoid a depression."—Dennis Cauchon, USA Today

"When Ben Bernanke arrived at the Federal Reserve in February 2006 as the new chairman of the central bank, he had a copy of his 2001 book, Inflation Targeting: Lessons from the International Experience , tucked under his arm. Not literally, of course. He was hoping to convince his colleagues on the Federal Open Market Committee of the value of an explicit inflation target. Little did he know that less than two years later he'd be shelving Inflation Targeting and turning to Essays on the Great Depression , another of his books, for guidance. In his book of essays, Bernanke calls the Great Depression the 'Holy Grail of macroeconomics.' He writes that 'the experience of the 1930s continues to influence macroeconomists' beliefs, policy recommendations, and research agendas.'"—Caroline Baum, Bloomberg.com

"With some observers saying that the ongoing financial crisis could be the worst since the Great Depression, the greatest living expert on that period is getting the chance to apply its economic lessons. . . . In Essays on the Great Depression . . . [Bernanke] notes that understanding that period is the 'holy grail of macroeconomics.'"—Spencer Jakab, Dow Jones Newswires

"Bernanke is the master of applied microeconomics. Not only is he technically proficient but his ability to place his results in a larger macroeconomic context is unparalleled."—Mark Toma, Financial History Review

"This influential body of work is a significant contribution to our understanding the depth and persistence of the Great Depression. . . . This book will become a standard reference in the field of business cycle research."—Randall Kroszner, University of Chicago

"Bernanke's work has had a powerful impact on the economics profession, alerting macroeconomists to the advantages of historical analysis, and a number of important figures (James Hamilton, Steve Cecchetti, for example), inspired by his work, have followed him into the field. The nine essays form a remarkably coherent whole."—Barry Eichengreen, University of California, Berkeley, and author of Globalizing Capital: A History of the International Monetary System

"Collecting these essays together will provide a single source for students to find Bernanke's substantial contributions. . . . His papers demonstrate conclusively that the international view of the Great Depression has impressive explanatory power."—Peter Temin, Massachusetts Institute of Technology

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one sentence thesis why did the depression began

The human impact of the Great Depression: stories of struggle and resilience

Old man hands counting coins

The Great Depression was one of the most significant economic downturns in modern history. It affected millions of people across the United States and around the world, causing widespread poverty and hardship.

While many of us are familiar with the statistics and facts surrounding the Great Depression, it is important to remember the human impact of this period in history.

Here, we will explore the stories of struggle and resilience that characterized the human experience during the Great Depression.

What was the Great Depression?

The Great Depression began in 1929, with the stock market crash that signaled the beginning of an economic crisis. By 1933, over 15 million Americans were unemployed, and the poverty rate had risen to over 50%. The impact of this economic collapse was felt by people from all walks of life, regardless of race, gender, or socioeconomic status.

One of the most significant aspects of the human impact of the Great Depression was the widespread poverty that affected families across the United States.

People were unable to find work, and those who were lucky enough to have jobs often faced reduced wages or hours. Families struggled to put food on the table and keep their homes, and many were forced to rely on government assistance or charity organizations.

How did people cope?

Despite these challenges, many people showed incredible resilience in the face of adversity. Families and communities banded together to support each other, sharing resources and helping each other find work. Some people even turned to unconventional means of survival, such as growing their own food or starting their own businesses.

The stories of struggle and resilience during the Great Depression are many, but they are often not heard. One example is the story of Migrant Mother, a photograph by Dorothea Lange that captured the desperation of a mother and her children living in a migrant camp during the Depression.

This photograph has become an iconic symbol of the human impact of the Great Depression, representing the struggles and hardships faced by millions of people during this period.

Mother walking with children on path at sunset

Flour sack dresses

During the Great Depression, people had to be creative and resourceful in order to cope with the economic challenges they faced. One example of this creativity was the use of flour sack fabric to make clothing, particularly dresses for women and girls.

Flour sack fabric was a byproduct of the flour industry, and was typically made from a high-quality cotton material. Manufacturers soon realized that they could market this fabric to women, who were looking for affordable and durable materials for clothing. To appeal to women, the flour sacks were often printed with colorful patterns and designs, making them both practical and fashionable.

Women soon discovered that they could use these flour sacks to make clothing, including dresses, blouses, and skirts. They would carefully remove the stitching from the sacks, wash and iron the fabric, and then sew it into a new garment. The resulting dresses were often simple but stylish, with details like ruffles or lace added to make them more fashionable.

Flour sack dresses became very popular during the Great Depression, as they were a cheap and practical way for women to get new clothing. They were also a way for women to show their creativity and resourcefulness during a difficult time. In some cases, women would even trade flour sacks with each other, in order to get different patterns and designs for their dresses.

Patchwork clothes

Hooverville life

In addition to flour sack dresses, people found other clever ways to cope during the Great Depression. One example was the creation of "Hoovervilles," makeshift communities of homeless people who lived in shanty towns made from cardboard, scrap metal, and other materials. These communities were named after President Hoover, who was blamed for the economic crisis.

Hoovervilles were a practical solution to the housing crisis faced by many Americans during the Great Depression. However, they had several problems including a lack of basic services such as sanitation, electricity, and running water, and poor living conditions that led to health problems.

People living in Hoovervilles were often stigmatized and discriminated against by government officials and the public, and had little privacy or security, which made it difficult to protect their belongings and maintain a sense of dignity.

The genius of community gardens

During the Great Depression, community gardens played a significant role in providing relief to many Americans. Community gardens were an inexpensive and effective way for people to grow their own food, supplement their diets, and provide a sense of community and pride during a time of economic hardship.

One way community gardens helped during the Great Depression was by providing fresh food. As the economic crisis deepened, many people struggled to afford basic necessities, including food.

Community gardens allowed people to grow their own fresh fruits and vegetables, which were often too expensive to buy. This helped to supplement people's diets with nutritious food and reduced the reliance on government assistance and charitable organizations.

Another way community gardens helped during the Great Depression was by creating a sense of community. Community gardens brought people together, regardless of their socioeconomic status or background, and provided a sense of purpose and camaraderie during a difficult time.

People worked together to plant, tend, and harvest their crops and shared tips and advice on gardening techniques. This sense of community helped to foster social cohesion and provided participants with a support network during a time of great uncertainty.

They also helped improve mental health during the Great Depression. They provided an outlet for people to focus their energy and attention on something positive, which helped to reduce stress and anxiety during a time of great uncertainty.

By connecting with nature and working with their hands, participants could take a break from the stresses of everyday life and find solace in the peaceful environment of the garden.

Conclusions

The Great Depression was a period of great economic hardship, but it was also a time of incredible resilience and perseverance. The stories of struggle and resilience that emerged during this period remind us of the importance of community, family, and hope, even in the face of great adversity.

These stories serve as a testament to the human spirit and the power of perseverance, even in the darkest of times.

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one sentence thesis why did the depression began

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Module 9: The New Deal (1932-1941)

Historical arguments and thesis statements, learning objectives.

  • Evaluate historical claims and thesis statements

The Research Writing Process

In an earlier historical hack, we talked about the research writing process, as shown below:

  • Understand the assignment
  • Select a research topic/develop a research question
  • Conduct research: find and evaluate sources
  • Create your claim (make an argument)
  • Synthesize evidence
  • Put it together

These are guidelines to help you get started, but the process is iterative, so you may cycle through these steps several times while working towards your finished product. In this hack, we want to focus on the final three steps—once you’ve done your research and have a few ideas about what to say, how do you put it together to create your finished product?

Crafting Historical Arguments

In open-ended historical research assignments, you are almost always expected to create an argument (revisit the assignment prompt or ask your instructor if you’re unsure about this). Historical arguments are not like the arguments that you and your roommate might have about the best show on T.V. or an argument you’d have with the referee at a sporting event; historical arguments require you to pick a stance on an issue and defend it with supporting evidence.

Your objective is not to create an informal persuasive essay convincing others of your viewpoint based on your personal opinions, but an argumentative one, where you defend your stance on an issue by backing it with historical evidence. Argumentative writing is done for a formal, academic purpose— you have a compelling viewpoint on a topic, and you’ve conducted research. Now you are communicating that research and using evidence to back your claim. When you write an argumentative piece, you write as if you are the authority on the topic, a subject-matter expert.

The Differences Between Persuasive and Argumentative Writing

Check out the table below for a quick breakdown of the differences between persuasive and argumentative writing.

Sometimes it can be hard to tell a topic from an argument. If someone sees you reading an article and asks, “What’s that article about?” You might say, “It’s about photography during the Great Depression.” That’s a topic, not an argument. How do we know? You can’t disagree with “photography during the Great Depression.” An argument is something you could disagree with, like “Photography during the Great Depression was essential in bringing the realities of poverty into the public eye.”

Argumentative Statements

Understand the assignment.

Don’t forget the first step in approaching a research paper or assignment—to carefully understand what you are asked to do. Some assignments are more obviously arguments than others. They may ask you to pick an obvious side, like “Was the New Deal effective or ineffective?” Or “How do you think the government should address reparations for slavery? Or “Was the American Revolution really a revolution?”

Understanding Argumentative Statements

Other times the “argument” part is less obvious. The prompt may be more generic or broad. Let’s take a look at this option for a capstone assignment in this class:

Pick a reformer or activist involved with a social movement between 1877 and 1900. Evaluate and analyze the ideas, agenda, strategies, and effectiveness of the work done by your chosen reformer or activist. You can pick one aspect of the person’s involvement or significance to the movement to focus on in your research. You should make a claim in your final report that answers one of the questions below:

  • What was the influence of your person on American life during their time period?
  • What is their influence and legacy today?
  • What changes came about as a direct result of their activism? 
  • What obstacles stood in the way of this person from having a more significant impact on society?
  • What activism methods used by your reformer were most effective, and why?
  • How did their activism compare or contrast with other reform movements from the same time period?
  • How are things different today because of their activism? In what ways are things the same?
  • Why should people be aware of the work done by your chosen reformer?
  • Can you draw any connections to a modern-day reform movement— what reform movement might they support today, and why?

With this prompt, you are tasked with creating an argument about the reformer or activist you chose. It is not simply a narrative or biography where you report about their lives, but you want to pick one of the listed questions to create an argument—something that shows your ability to take a stance (that could be debated by others) and support your view with evidence.

Activity #1

Give it a try—without even doing some research- what argumentative statement could you make about a 19th-century activist?

Let’s take a look at a more detailed example. For example, say that your chosen activist was  Bayard Rustin , a Black activist who was instrumental in organizing the 1963 March on Washington for Jobs and Freedom. What’s an argument you could make about Rustin?

Here is one option. “While you’ve heard of Martin Luther King Jr.’s famous “I Have a Dream Speech” during the 1963 March on Washington, you may not have heard of Bayard Rustin, whose involvement in planning the March on Washington for Jobs and Freedom was essential in propelling Congress to pass the Civil Rights Act of 1964. As the deputy director of the March, Rustin’s background in nonviolence and vision for the March led leaders to prioritize the civil rights movement and gave public backing to the federal law prohibiting racial discrimination.”

As you’ll learn in just a moment, this argument is what becomes the thesis statement.

Begin With a Thesis

The central claim you make in your argument is called the thesis statement . A thesis consists of a specific topic and an angle on the topic. All of the other ideas in the text support and develop the thesis.

Where in the Essay Should the Thesis Be Placed?

The thesis statement is often found in the introduction, sometimes after an initial “hook” or interesting story; sometimes, however, the thesis is not explicitly stated until the end of an essay, and sometimes it is not stated at all. In those instances, there is an implied thesis statement. You can generally extract the thesis statement by looking for a few key sentences and ideas.

Most readers expect to see the point of your argument (the thesis statement) within the first few paragraphs. This does not mean that it has to be placed there every time. Some writers place it at the very end, slowly building up to it throughout their work, to explain a point after the fact. For history essays, most professors will expect to see a clearly discernible thesis sentence in the introduction.

Characteristics of a Thesis Statement

Thesis statements vary based on the rhetorical strategy of the essay, but thesis statements typically share the following characteristics:

  • Presents the main idea
  • Most often is one sentence
  • It tells the reader what to expect
  • Is a summary of the essay topic
  • Usually worded to have an argumentative edge
  • Written in the third person

Crafting strong argumentative writing is a skill that teaches you how to engage in research, communicate the findings of that research, and express a point of view using supporting evidence.

Link to learning

For a few more examples of how to create arguments and thesis statements, visit this helpful writing guide .

What Makes a Good Claim?

Let’s take a closer look at this process by reviewing a worked example. For this example, we will use a topic you’ve studied recently—the FDR presidency and New Deal. Let’s imagine you’ve been assigned the following prompt:

  • Did New Deal spending and programs succeed in restoring American capitalism during the Great Depression, and should the government have spent more money to help the New Deal succeed, or did the New Deal spend unprecedented amounts of money on relief and recovery efforts but ultimately fail to stimulate a full economic recovery?

You’ve already examined the prompt, selected a research topic, and conducted research, and now you are ready to make your claim. First, what claim do you want to make?

Identify the Claim

Let’s look at a sample introductory paragraph that responds to this prompt. Look for the central claim made in the argument.

Example ESSAY #1

Since the stock market crash and the onset of the depression, British economists John Maynard Keynes, Roy Harrod, and others had urged western governments to stop tinkering with monetary solutions and adopt an aggressive program of government spending, especially in the areas of public works and housing, to stimulate the economy during the depression. Keynes stressed these ideas when he met with President Roosevelt, who soon complained to labor secretary Frances Perkins: “He [Keynes] left a whole rigamarole of figures. He must be a mathematician rather than a political economist.” Roosevelt’s comments about Keynes opened a window on one fundamental reason why the president’s New Deal, despite unprecedented federal spending, never achieved full economic recovery between 1933 and 1940. Although surrounded by critical advisers such as Federal Reserve chairman Marriner Eccles, who understood Keynes and his central message about the importance of government spending, Roosevelt did not grasp these ideas intellectually. He remained at heart a fiscal conservative, little different from Herbert Hoover. Roosevelt condoned government spending when necessary to “prime the pump” for recovery and combat hunger and poverty, but not as a deliberate economic recovery tool.

Let’s look at yet another example. This also responds to this same prompt which you can find again below for reference:

Example ESSAY #2

When President Franklin Delano Roosevelt gave his inaugural address on March 4, 1933, America was in the midst of financial collapse. Banking holidays closed banks in 28 states, and investors traded their dollars for gold to have tangible wealth. The president reassured Americans” “This great Nation will endure as it has endured and will revive and will prosper.” He listed three goals to shore up capitalism through his New Deal: banking regulation, laws to curb speculation, and the establishment of a sound currency basis. Roosevelt shored up the financial sector through regulation to restore the public trust that mismanaged banks, and financial speculators had destroyed. His New Deal gave the federal government regulatory responsibility to smooth economic downturns. Over the next eight years, the New Deal’s economic practices and spending helped create recovery and restore capitalism.

Finding the Thesis Statement

You’ve found the central claims from each of these two sample essays. Quite often, the claim is the thesis statement. But sometimes, the thesis statement elaborates on the claim more by including the angle you’ll take about your claim. In the sample essay above, the thesis statement is written in reverse order, with the primary claim coming at the end, but if you read the sentences before that, you can see what the essay’s focus will be as well.”

  • “Roosevelt shored up the financial sector through regulation to restore the public trust that mismanaged banks, and financial speculators had destroyed. His New Deal gave the federal government regulatory responsibility to smooth economic downturns. Over the next eight years, the New Deal’s economic practices and spending helped create recovery and restore capitalism”.”

Now we know that the rest of the essay will focus on how the New Deal’s economic practices and spending habits helped the recovery and also show 1) ways that Roosevelt shored up the financial sector and 2) gave the federal government regulatory responsibility.

Pick a reformer or activist involved with a social movement between 1877 and 1900. Pick two questions below and write a thesis statement explaining the main claim and angle you would take in an essay about the topic.

  • What changes came about as a direct result of their activism?

Thesis statement #1:

Thesis statement #2:

thesis statement : a statement of the topic of the piece of writing and the angle the writer has on that topic

  • Historical Hack: Crafting Historical Arguments. Authored by : Kaitlyn Connell for Lumen Learning. Provided by : Lumen Learning. License : CC BY: Attribution
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  • Did the New Deal End the Great Depression?. Provided by : OpenStax. Located at : https://cnx.org/contents/[email protected]:WWZKMA1o@2/12-16-%F0%9F%92%AC-Did-the-New-Deal-End-the-Great-Depression . Project : Life, Liberty, and the Pursuit of Happiness. License : CC BY: Attribution . License Terms : Download for free at http://cnx.org/contents/[email protected]
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The Great Depression Essay

The students learn about the events that led to the stock market crash, the concerns of the Depression, and the effects of the New Deal programs on the American people and the American economy. While reading and discussing these important issues in American History, the students choose an original Depression photograph [primary source] and create a story using historical facts. The project is one week in duration. A scoring guide and handout are utilized.

1. The student will conduct research using primary and secondary sources. 2. The student will write an essay using the provided format and criteria. 3. The student will present his/her work to class an an oral presentation.

Missouri Standards

Goal 1.2 Conduct research to answer questions and evaluate information and ideas. Goal 1.4 Use technological tools and other resources to locate, select, and organize information. Goal 2.1 Plan and make written, oral and visual presentations for a variety of purposes and audiences.

Kansas Standards

Benchmark 2: The student uses a working knowledge and understanding of individuals, groups, ideas, developments, and turning points in the era of the Great Depression through World War II in United States history (1930-1945).

The student:

1. (A) analyzes the causes and impact of the Great Depression (e.g., overproduction, consumer debt, banking regulation, unequal distribution of wealth).

2. (A) analyzes the costs and benefits of New Deal programs. (e.g., budget deficits vs. creating employment, expanding government: CCC, WPA, Social Security, TVA, community infrastructure improved, dependence on subsides).

3. (A) analyzes the debate over expansion of federal government programs during the Depression (e.g., Herbert Hoover, Franklin Delano Roosevelt, Alf Landon, Huey Long, Father Charles Coughlin).

Benchmark 3: The student writes technical text using the writing process.

1. Develops a technical text focused on one main purpose. (Ideas and Content: prewriting, drafting, revising: N,E,T,P)

2. Clearly defines the main idea with selection of concise, logical details that meet the reader’s informational needs. (Ideas and Content: prewriting, drafting, revising: N,E,T,P)

3. Analyzes and understands implications and consequences of plagiarism (e.g. ethical, legal, professional). (Ideas and Content: prewriting, drafting, revising: N,E,T,P)

4. Cites references for all sources of information and includes summarized and paraphrased ideas from other authors. (Ideas and Content: prewriting, drafting, revising: N,E,T,P)

5. Constructs a bibliography with a standard style of format (e.g. MLA, APA, etc.). (Ideas and Content: prewriting, drafting, revising: N,E,T,P)

6. Applies appropriate strategies to generate technical text (e.g. brainstorming, listing, webbing, working in pairs or cooperative groups, identifying information from print sources). (Organization:prewriting, drafting, revising: N,E,T,P)

7. Organizes information within each section, paragraph, list, or graphic in a logical and effective sequence to meet the reader’s informational needs. (Organization: prewriting, drafting, revising: N,E,T,P)

8. Composes a comprehensive piece with a constructive introduction, a relevant or sequential body, and a suitable conclusion. Organization: prewriting, drafting, revising: N,E,T,P)

9. Uses appropriate transitions to connect ideas within the piece (e.g. enumerated lists, bullets, headings, subheadings, complex outlining elements). (Organization: prewriting, drafting, revising: N,E,T,P

  • http://www.infoplease.com/
  • http://www.yahoo.com
  • http://www.yahooligans.com
  • Images in the Farm Security Administration-Office of War Information Collection (Library of Congress) America at the Crossroads - Great Photographs From the Thirties, Edited by Jerome Prescott, Smithmark, New York, 1995. American Odyssey, Gary Nash, Glencoe, New York, 1994. Highlights in American History, Grace Kachaturoff, Schaffer Publications, Torrance, California, 1995. Life During the Great Depression, Dennis Nishi, Lucent Books, San Diego, 1998.

The students will study the chapters on the Great Depression and Roosevelt’s New Deal using the school text American Odyssey. The class will read the text, complete guided readings, and study these issues while reading articles from Roosevelt’s Presidency and readings from Highlights in American History. The Depression Essay Project will be introduced during this unit. The use of primary sources and the need to access various Internet sources will enhance the learning process. Each student will choose a photograph from sources to include the KC Public Librarv Special Collection. The students can chose a photograph from the collections of Margaret Bourke-White or Dorothea Lange. Government archives have numerous photographs from the Depression. Additional historical information will be found by accessing Yahoo , Searchopolis , and Information Please Almanac. The students will gain additional knowledge about FDR by using the Project WhistleStop Web Site. After completing the research, the student will follow the format of the essay. The time frame will be distributed in order for the student to organize his/her time and information. A class period in the computer lab will be made available to the class. Each student will have the opportunity to share his/her insights in the form of an oral presentation.

DEPRESSION ESSAY

MAKE YOUR PHOTOGRAPH COME ALIVE!

In this project students will describe the life of a person or persons who suffered hardship and desperation during the Great Depression. The students will choose an authentic photograph from the Great Depression, which can be found using various resources. Students will describe the picture and give an identity to the person(s) in the picture and explain how the depression affected their life/lives. If a photograph is chosen without people, the students will create a person or family who lives [had lived] at the site. [The teacher will show several examples.] In addition, the student will explain how FDR’s New Deal helped restore, or did not restore, the lives of the individuals. A picture of the photograph must accompany the essay and its source documented. It is required that the students use proper mechanics and a five-paragraph essay format to tell this story. The format is as follows: Paragraph 1 This is a general paragraph that is interesting and captures the reader’s attention. Paragraph 2 This is the time to introduce the person [sl in the photo. Who is this? Where do/did they live? What was their life[s] like before the Depression? Paragraph 3 What was the Great Depression? Why did it occur? Explain how this person [s] was affected, and how the individual[s] came to be in the state as shown in the photograph. Paragraph 4 Explain what the New Deal was and how specific programs helped the person[s] in your photo. If there were negative aspects discuss and be specific. Paragraph 5 This is the conclusion of the essay. Describe what happened to the person[s] in the photograph. Describe lessons learned and/or how life[s] changed for this person[s].  

THIS IS THE TIME TO SHOW YOUR CREATIVE REPORTING TALENTS!

A scoring guide will be used to assess each student. The student will receive a copy of the scoring guide at the beginning of the project and a detailed explanation of the requirements of the project.

DEPRESSION ESSAY SCORING GUIDE

IMAGES

  1. Causes of the Great Depression Essay

    one sentence thesis why did the depression began

  2. The Far-Reaching Effects of the Great Depression on American Society

    one sentence thesis why did the depression began

  3. Why did the Great Depression Happen?

    one sentence thesis why did the depression began

  4. The great depression essay thesis proposal

    one sentence thesis why did the depression began

  5. The Great Depression: Unveiling Complex Causes and Lasting Impact Free

    one sentence thesis why did the depression began

  6. What caused the great depression?

    one sentence thesis why did the depression began

VIDEO

  1. The Great Depression

  2. Bachelor Thesis!! Topic Selection!! Why it's important!! Don't have thesis? Then? J.J.Costa'Vlog

  3. Why graduate students struggle with anxiety and depression (and what to do about it)

  4. What is a thesis statement?

  5. The Great Depression Explained in 8 Minutes (Simple & Easy)

  6. Depression A Choice, not a Sentence

COMMENTS

  1. The Great Depression (article)

    The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5,000 banks had gone out of business.

  2. The Great Depression Explained

    The Great Depression was a period of economic hardship that occurred between 1929 and 1941. This primarily impacted the United States of America, but consequences of the depression also had global effects. To reduce the harm to American citizens, the US government implemented a range of economic measures with mixed success. Ultimately, it was the increase in production required when America ...

  3. PDF CHAPTER 10 Why Do We Call It The "Great" Depression?

    • How did the Great Depression change the U.S.? Dimension 2: Connections to Disciplinary Tools and Concepts With compelling and supporting questions in place, students could begin to examine points of agreement and disagreement among experts about the Great Depression and the reasons why it had such damaging effects for such a long time.

  4. Great Depression

    Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939.It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the United States, the Great Depression caused drastic declines in output ...

  5. 5 Causes of the Great Depression

    Here are some of the things that historians and economists often point to as factors that combined to lead to the worst economic disaster in history. 1. Vulnerabilities in the Global Economy ...

  6. Causes of the Great Depression

    National Archives, Washington, D.C. (12573155) The Great Depression of the late 1920s and '30s remains the longest and most severe economic downturn in modern history. Lasting almost 10 years (from late 1929 until about 1939) and affecting nearly every country in the world, it was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics ...

  7. Great Depression: Years, Facts & Effects

    The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. At its peak, the U.S. unemployment rate topped 20 percent.

  8. The Great Depression (1920-1940): Suggested Essay Topics

    Suggested Essay Topics. Previous. 1 . Explain how three of the following affected American politics or society during the 1920 s:Warren G. Hardingthe Teapot Dome scandalthe Five-Power Naval Treatythe Sacco-Vanzetti TrialProhibitionthe Scopes Monkey Trial. 2 .

  9. Americans React to the Great Depression

    The Great Depression began in 1929 when, in a period of ten weeks, stocks on the New York Stock Exchange lost 50 percent of their value. As stocks continued to fall during the early 1930s, businesses failed, and unemployment rose dramatically. By 1932, one of every four workers was unemployed.

  10. Essays on the Great Depression

    Praise. As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize.

  11. The human impact of the Great Depression: stories of struggle and

    The Great Depression began in 1929, with the stock market crash that signaled the beginning of an economic crisis. By 1933, over 15 million Americans were unemployed, and the poverty rate had risen to over 50%. The impact of this economic collapse was felt by people from all walks of life, regardless of race, gender, or socioeconomic status.

  12. Overview

    The widespread prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed. The depression threatened people's jobs, savings, and even their homes and farms. At the depths of the depression, over one-quarter of the American workforce was out of work.

  13. Great Depression

    The Great Depression began in the United States in 1929 and spread worldwide. It was the longest and most severe economic downturn in modern history, lasting until about 1939. Black Thursday. People gather on the steps of a building across from the New York Stock Exchange on Black Thursday, October 24, 1929.

  14. Causes of the Great Depression

    Money supply decreased significantly between Black Tuesday, October 24, 1929, and the Bank Holiday in March 1933 when there were massive bank runs across the United States.. The causes of the Great Depression in the early 20th century in the United States have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises ...

  15. Historical Arguments and Thesis Statements

    Thesis statements vary based on the rhetorical strategy of the essay, but thesis statements typically share the following characteristics: Presents the main idea. Most often is one sentence. It tells the reader what to expect. Is a summary of the essay topic. Usually worded to have an argumentative edge.

  16. READ: Global Great Depression (article)

    On the morning of Thursday, October 24th, 1929 the New York stock market began a crash that would last four days. The fallout of that crash would last a decade. It started in the United States, but the Great Depression was an unprecedented, worldwide economic collapse. The ripple effects of "Black Thursday" would be felt all over the globe.

  17. The Great Depression

    Did you say something like "In this paper I will describe the main causes of the Depression" or did you take a stand like "The main causes of the Depression were the stock market and ...

  18. The Great Depression Essay

    Benchmark 2: The student uses a working knowledge and understanding of individuals, groups, ideas, developments, and turning points in the era of the Great Depression through World War II in United States history (1930-1945). The student: 1. (A) analyzes the causes and impact of the Great Depression (e.g., overproduction, consumer debt, banking ...

  19. DOC CPUSH (Unit 11, #1)

    2. In October 1929, the "_____" came to an end & the Great Depression began…why? Factors that Contributed to the Great Depression. Document A. Document B. Document C. Document D. Document E. Document F. One sentence thesis: Why did the Depression begin? B. Weak Industries & Overproduction . 1.

  20. Compare presidents Hoover and FDR's responses to the Great Depression

    Expert Answers. In broad terms, Hoover did not want to get the federal government involved in interfering with the Depression, as he thought the economy would eventually sort itself out, while FDR ...

  21. One sentence thesis: Why did the Depression begin?

    One sentence thesis: Why did the Depression begin? Get the answers you need, now! See what teachers have to say about Brainly's new learning tools! ... Answer: It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and ...

  22. READ: Global Great Depression (article)

    On the morning of Thursday, October 24th, 1929 the New York stock market began a crash that would last four days. The fallout of that crash would last a decade. It started in the United States, but the Great Depression was an unprecedented, worldwide economic collapse. The ripple effects of "Black Thursday" would be felt all over the globe.