How did the Great Depression change the US afterwards?

Question

in general could the great depression had a positive or negative impact in the united states?>

Answer 1

New and better laws regarding banking insurance and social welfare, including social security, came out of that era. The people who survived the depression went on to help fight in World War II, both at home and abroad. All of this made them stronger personally. They had a great sense of comraderie and patriotism.

Answer 2

The Great depression brought Roosevelt to power. The reforms he made in an attempt to resolve the economic slump have had profound and long-lasting effect on the subsequent history of America. Roosevelt's New Deal introduced much urgently needed legislation to make the economy more robust. However, the most important changes were political:

10. Roosevelt expanded the role of the President & the State in the running of the USA.
He started a new style of Presidency in two ways:
a). Use of the media: ‘the fire-side chats’ & close relationship with press.
b). Choice of Personnel: ‘Brain’s Trust’. Roosevelt chooses advisers irrespective of political affiliation based on competency
e.g. He makes Ickes, a Republican, sec. of Interior.


2). Political realignments:
→ The New Deal created a coalition of Blacks, urban blue-collar workers, unions, Southern conservatives & Eastern liberals that survived until Johnson.
→ Democratic Party became party of social reform; the champion of the common man.

3). Changes in the Political system:
→ growth of the executive over other branches.
→ increasingly legislation initiated by Executive
→ State govs. made more dependent on fed. Gov. fur funding & action.

However, the WW2 saw the largest growth in American government (The New deal only increased spending by 60%, the war by 300%)

4). Supreme Court
→ adopted more flexible view of the constitution – the executive was given greater freedom to address the needs of the country.

5). State and local governments:
→ state & local expenditure increased alongside Federal.
→ The New Deal hastened the process of transition from 19th c. model of government.

The New Deal's most important legacy was to restor confidence in a capitalist & democratic system.
The New Deal was the salvation of capitalism & brought unprecedented state intervention in the economy. It did not do enough to address the severity of problem but broke with existing norms.

Deciding whether the great depression had a positive or negative impact depends upon one's opinion of the New Deal. Often, this is a question of political perspective. Those on the Right tend to see the New Deal as the origins of all that they most vehemently oppose; big government, government intervention, non-essential welfare, over-regulation etc... Those on the Left often consider it a missed opportunity. It could have had a positive effect, they argue, however, the New Dealers did not go far enough with their reforms and compromised with those on the right.

Answer 3

well my history teacher told me that if the market reaches a certain % it will automatically shut down. some kind of safety plan

Answer 4

they banned marijuana out of ignorance afterwards. that would be a negative affect on our country.

Answer 5

definitely positive. now we have FDIC to protect our funds in the bank.