The Great Depression is one of the greatest upheavals that affected the global economy for around 10 years. The Americans encountered numerous problems during the period. The first problem was unemployment and lack of opportunities. The country’s unemployment rate increased to 25 percent in 1933 (Smethurst 5). The people had to deal with financial problems since the stock market collapsed. Many businesspeople lost their savings and financial resources.
Trade was low due to the consequences of the Great Depression. The Americans created powerful strategies in order to deal with the depression. New agencies were established to promote unionization, create jobs, and promote the idea of employment insurance. These approaches were successful because they made it easier for more people to realize their potential. The solutions also protected the nation from another depression for many years.
The Second World War led to numerous problems in the United States. To begin with, many Japanese Americans was forced into internment camps (Nicholas and Scherbina 292). The war effort led to numerous struggles since more people had to deal with the reduced resources and goods. Many people had to deal with the loss of their loved ones who died during the war. The people were also forced to work hard to support the ongoing war in Europe.
Despite such challenges, the levels of discrimination declined since more people from diverse backgrounds were working hard to support the war effort. The government implemented new policies and institutions to support different production systems. The victory of America can therefore be used to explain why the solutions to the emerging problems were successful. The efforts created a new beginning for cohesiveness in the country.
Works Cited
Nicholas, Tom, and Anna Scherbina. “Real Estate Prices During the Roaring Twenties and the Great Depression.” Real Estate Economics, vol. 41, no. 1, 2013, pp. 275-309.
Smethurst, Richard. “Japan, the United States, and the Road to World War II in the Pacific.” The Asia-Pacific Journal, vol. 10, no. 4, 2012, pp. 1-10.