The Great Depression
At the end of the 1920s the world experienced a devastating economic depression that struck countries with market economies. Despite the great depression being mildly experienced in some countries, the United States of America was hit so mind-bogglingly that at its nadir in 1933 an approximate value of 25% of all workers and an overwhelming 37 % of all non-farm workers were completely out of work and thrown to the curbs. The book Great Depression: People and Perspectives that is written by Hamilton Cravens gives us a peek of the tribulations suffered and encountered by individuals during the trying times of the Great Depression. It showcases the adverse level of suffering experienced, enlightening the sad misfortunes faced by individuals, instances where some individuals starved to death with their loved ones helpless and instances where many others lost their treasured homes and farms. It paints a pictures of homeless vagrants niggling onboard freight trains that crossed the nation for lack of the necessary funds (Cravens, 2009).
Cotton farmers that were dispossessed sated their chattels into dilapidated Model Ts and moved to California in the fabricated hope that the much advertised numerous and bountiful job openings were true. The book follows the largely stalled recovery from the Great depression from the second quarter of 1933 and the sluggish progress experienced in the consecutive 1934 and 1935. It also features the changing recovery, as it changed to a vigorous affair in the late 1935 and progressing steadily through to 1937, when a new depression ensued. The budding recovery was well off to restoring the American economy when the United States was haggard into World War 2 in December of 1941 (Cravens, 2009). Due to the excruciatingly sluggish reclamation of the economy, the book refers to the entire decade of the 1930s in the United States as the Great Depression.
The book describes the Great Depression as the defining or ultimately the most crucial moment of the twentieth-century history in the United States with its utmost enduring effect being the revolution of the role of the federal government in the economy (Cravens, 2009). Many of the American citizens and population after numerous and evidently long shriveling and grotesquely slothful recovery not only accepted but even called for a widely expanded role for the federal government. This was amidst open resentment from most business who opposed the now budding federal control of their undertakings. The revolution of the federal government saw it take responsibility for the elderly individuals with the formulation and introduction of Social Security while also giving the unwillingly unemployed and jobless an unemployment reimbursement and reparation. It also saw the radical change of the labor parleys between employers and employees due to the Wagner Act that endorsed and upheld unions and acted as an arbitrator ensuring fair labor contract parleys. This...