There were many positive outcomes from the 1930s. This included lower cost of living, huge technological advances, new forms of entertainment, more leisure time, new ideas and a return to responsible social behavior. While undesirable outcomes associated with hopelessness were on the rise, many family units were strengthened through the crisis.
We also started examining situations to learn how to prevent them, resulting in a multitude of changes in American society and economic policies, many of which are still in effect today. After the stock market crash and the collapse of more than 40% of American banks by 1933, strict trading and banking regulations were put in place, as well as financial protections, enforced by the newly formed Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) (thegreatdepressioncauses.com). To address high rates of unemployment, Franklin D. Roosevelt introduced programs between 1933 and 1938 to help America pull out of the Great Depression. A wide variety of services, regulations, and subsidies (also known as the New Deal) were introduced by FDR and Congress, including work creation programs. The cornerstones of the New Deal were the Public Works Administration and the National Recovery Administration (thegreatdepressioncauses.com).
We also started examining situations to learn how to prevent them, resulting in a multitude of changes in American society and economic policies, many of which are still in effect today. After the stock market crash and the collapse of more than 40% of American banks by 1933, strict trading and banking regulations were put in place, as well as financial protections, enforced by the newly formed Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) (thegreatdepressioncauses.com). To address high rates of unemployment, Franklin D. Roosevelt introduced programs between 1933 and 1938 to help America pull out of the Great Depression. A wide variety of services, regulations, and subsidies (also known as the New Deal) were introduced by FDR and Congress, including work creation programs. The cornerstones of the New Deal were the Public Works Administration and the National Recovery Administration (thegreatdepressioncauses.com).