how did the great depression change america's economics?

Question

how did the great depression change america's economics?
how were unemployment and homelessness rate before and after the great depression?

help me please
thank u in advance

Answer 1

Here is a little tid bit that came from the mouth of someone who lived through the depression: It was tough, but it wasn't really as bad as people think it was. The reason it wasn't so bad is that EVERYONE was poor. It wasn't like you were the poor family on the block--the whole town was in the same situation.

Here is a copy and paste of some of the info you needed. FDR was President Franklin Roosevelt.

By spring of 1933, when FDR took the oath of office, unemployment had risen from 8 to 15 million (roughly 1/3 of the non-farmer workforce) and the gross national product had decreased from $103.8 billion to $55.7 billion. Forty percent of the farms in Mississippi were on the auction block on FDR's inauguration day. Although the depression was world wide, no other country except Germany reached so high a percentage of unemployed. The poor were hit the hardest. By 1932, Harlem had an unemployment rate of 50 percent and property owned or managed by blacks fell from 30 percent to 5 percent in 1935. Farmers in the Midwest were doubly hit by economic downturns and the Dust Bowl. Schools, with budgets shrinking, shortened both the school day and the school year.
FDR, after assuming the presidency, promoted a wide variety of federally funded programs aimed at restoring the American economy, helping relieve the suffering of the unemployed, and reforming the system so that such a severe crisis could never happen again. However, while the New Deal did help restore the GNP to its 1929 level and did introduce basic banking and welfare reforms, FDR refused to run up the deficits that ending the depression required. Only when the federal government imposed rationing, recruited 6 million defense workers (including women and African Americans), drafted 6 million soldiers, and ran massive deficits to fight World War II did the Great Depression finally end.

Answer 2

The depression made the New Deal and other Keynesian measures politically acceptable. WW2 was what actually ended the depression. Unemployment at its worst was up over %20, the war made it close to zero. After the war the only question was the degree of generosity of social programs (for example the GI bill and social security), not whether they should exist or not.

Answer 3

It showed that a major war can pump up a depressed economy and after the US won the war the military-industrial complex became firmly established.

Answer 4

Brought more regulation of commerce,stabilized banking,increased taxes,created social reforms[soc.secty.] which some more consrvative govenments in europe had already begun.Provided articulate leadership and tangible communication to the citizens.FDR beamed Hope.