Financial Calamity In America Essay

1111 words - 4 pages

America the Beautiful is not so beautiful anymore. Today, America finds itself in financial calamity. The economy is in very low standings and very few families can afford to fund their daily lives. It seems the Great Depression of the 1930’s is beginning to make its marks in America once again. President Franklin Delano Roosevelt was a great inspiration to many people throughout the country during that time of vast dejection and sorrow. It seems, in this day and age that we the people of the United States, need that inspiration once again. The government can be a great source of inspiration for United States citizens as a whole. The rich society may also be a great help to lower-class America also, because they may find themselves, and their companies, in much better standings than the majority. Subjects such as loan can create job stability and can keep families within their homes.
The Great Depression was a time of great controversy within the United States of America. When the stock market crashed, farms were destroyed, industries were unheard of and personal profits and employments were becoming scarce. While stimulating the economy, President Franklin Delano Roosevelt stated, “The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.” He saw that the “cure” to the disease of controversy was not only monetary, but more along the lines of collaboration. When the United States citizens began working together to create the America they once had, jobs were once again found, profits began to rise and industries were once again in use.
In this day and age, we are not near the horrible devastation that the citizens of the Great Depression era had to withstand. In the twenty-first century, we find ourselves without industries of our own; all industry is found within other countries. Homeowners today require assistance with job loss paying bills, insurance, property taxes, home repairs, college for family and the remainder of health care bills that insurance does not cover. To solve the foreclosure calamities, I believe that every homeowner in America should have an emergency finance account arranged by the government. One loan per family, which can help commerce, create employment and help many Americans survive the crisis and keep families in their homes. Consumers that decide not to own a home can also have an emergency fund of at least five-thousand dollars.
How might the government come up with this sort of money one may ask? The country is in debt itself from certain warfare events, foreign trade/industry and from certain “rich” people becoming wealthier, rather than for the well-being of the lower-class America. The wealthy may have earned their wealth, or simply have just been born within it. But under certain circumstances, many a time...

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