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Why did it take over 20 years to recover from the Great Depression?

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Anonymous

Asked by Anonymous at 12:38 PM on Aug. 9, 2010 in Politics & Current Events

Answers (12)
  • Because Prozac hadn't been invented yet?
    jewjewbee

    Answer by jewjewbee at 12:42 PM on Aug. 9, 2010

  • After the Great Depression. America's entire economic system and society in some ways, was reworked.

    We went from an agriculture based society, to a manufacturing based society.
    New regulations in regards to business were implemented.
    New safe guards and safety net systems were put into place in order to help prevent such a thing from happening again.
    Labor laws were slowly changing.
    Just about everything that was a part of the economic structure of the nation was changing.

    America changed. The society changed. The people had to change along with it. This took time.

    America is hitting a time, when these types of changes(in regards to our economic stability, workforce, ect) need to happen again. And it will take time, society will have to change and the people will have to change. These things take time.
    pixie_trix

    Answer by pixie_trix at 12:42 PM on Aug. 9, 2010

  • I suggest taking a history class and you will gain more insight into what happened during that time frame (too involved to answer in a general chat posting).
    tasches

    Answer by tasches at 12:42 PM on Aug. 9, 2010

  • tashes, I am asking because people have different theories. I would like to hear them.
    Anonymous

    Comment by Anonymous (original poster) at 12:45 PM on Aug. 9, 2010

  • Because no body could think out side the box. Yet still no body in power can think out side the box.
    hot-mama86

    Answer by hot-mama86 at 12:49 PM on Aug. 9, 2010

  • Some economies started to recover by the mid-1930s. However's in many countries the negative effects of the Great Depression lasted until the start of World War II. Roosevelt started a New Deal at the time that didn't recover a little later and in the time period the Gold Rush start to take off too. I think. If not u can find out through Google.
    andmaef28

    Answer by andmaef28 at 12:55 PM on Aug. 9, 2010

  • IMO people were afraid to invest and use our financial institutions. Recovering from total loss for many Americans took it's toll on small businesses and no one had the faith to take out loans to start the small businesses up again. Banks collapsed and big investors put a halt on their investments and it wasn't until war jobs increased the flow of money into our system did it appear to recover. Faith increased as we went to war.
    parrishsky

    Answer by parrishsky at 1:34 PM on Aug. 9, 2010

  • You are reliving the reason.
    itsmesteph11

    Answer by itsmesteph11 at 1:42 PM on Aug. 9, 2010

  • FDR's policies made it take far longer than it should have. Some of his ideas were so far beyond the bounds of constitutionality in terms of government invasion of our lives, the SCOTUS shot him down, and he responded by attempting to literally take over the SCOTUS and appoint more justices so he could have an artificial majority to outvote them. The ironic thing is the few policies he had that actually worked well and fixed things on a faster timeline, were programs originally enacted or conceptualized by Hoover, the guy who gets all the blame for the depression and none of the credit for fixing it. The programs beyond that which were either massive failures, invasive to the point of being shut down, or dragged out the recovery for years beyond what it should have taken, are the programs FDR invented.

    Do we need to draw the parallels here with bright pink string or do people get the connection?
    NotPanicking

    Answer by NotPanicking at 3:37 PM on Aug. 9, 2010

  • NotPanicking,


    You got it right, and I should know I lived through the great depression.

    Natesmom507

    Answer by Natesmom507 at 4:13 PM on Aug. 9, 2010

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