Camila en el Newlands: history

Mostrando entradas con la etiqueta history. Mostrar todas las entradas

jueves, 25 de mayo de 2017

Roosevelt success in 1932

In history we had to write an essay based on the following question. How important were Republican reactions to the Wall Street crash as causes of Roosevelt's success in the presidential election of 1932?

In 1932 there were presidential elections in the USA, Roosevelt and Hoover were the two candidates, Roosevelt won. There were many reactions for his success such as the republican reaction to the Wall Street crash and his campaign among others.

On one hand, some people believe republican measures in connection to the Wall Street crash were the cause of Roosevelt’s victory. Hoover, a republican, was seen as a “do nothing” president. Republicans believed the Depression had happened because of economic problems in Europe. Moreover, they refused to interfere with the economy and business, which could have helped. Hoover became very unpopular specially due to the fact that he did not try to help people who were suffering because of the Depression. As a result, during the election people were more likely to vote for Roosevelt as they thought this change could improve the economy.

On the other hand, many people argue that Roosevelt became president because of his own strengths. As a candidate, Roosevelt said he believed in “active government” to improve the economy, he had plans to spend public money on getting people back to work and he asked for advice from experts. In addition he did a really strong campaign which promised a New Deal, action was the only thing people expected and he promised that. Roosevelt won the elections by seven million votes and he was entirely sure that he could get USA out of the depression.

On balance, it should be said that republican reactions to the Wall Street crash were important to Roosevelt success as they did nothing and people did not agree. However it was not the only reason why he won the elections, his thoughts, actions and his strong campaign were also vital for his success.

jueves, 18 de mayo de 2017

US economy during the 1920s

In the class of history we were studying USA during the 1920s. We had to write an essay about how important were credit and hire purchase as reasons for the economic growth in the USA in the 1920s.

During the 1920s, usa grew a lot economically speaking. There were many factors which influenced this event. Credit and hire purchase were some of the factors that helped this economic growth in the country. Borrowing money from the bank and paying in terms were very successful methods.

On the one hand, credits helped as many people that could not afford to buy a certain product such as a radio or a car, could get it through the money that the bank lent them. In this way, people spent money in the country, consequently it benefited the economic growth of USA. Furthermore, through hire purchase with the idea of “buy now, pay later”, people bought lot of things and the economy of the country grew. In addition, buying on the margin, benefited the speculators as they could buy something, earn money and then invest it. As well as, many people borrowed cash of the banks in order to buy shares, then they got profit from that shares and finally they turned into millionaires or increased their economy.

On the other hand, these were not the only reasons that benefited the economy of USA, the Republican policies played an important role too.With Laissez-faire, they let the businessman do his own job. They also introduced tariffs that made the import goods more expensive. In this way, people bought American products. As regards Low Taxation, it brought benefits to the economy as people invested their money in American goods and then reinvested in industries. There were poster advertisements and industries used sophisticated sales and marketing techniques in order to get people who buyed their goods. This also helped the growth. The state of mind that people followed at that time (spending money was right) and the production of cars (Ford) in the same way as massive production of products and selling helped the economy. At the end of the first world war, the USA had the best war chemicals and armament which stimulated the by-products that became new American industries. New products such as plastics and other new materials were produced. The WWI left the USA in most of areas of industry, new technology and electricity were developed benefiting the industry and its production.

On balance, credit and hire purchase were really important as regards the economic growth of the USA during the 1920s. Nevertheless they were not the only factors that matter, Republican policies, industries, production, new markets and improvements in technology were essential for it.