Major Strides Against Poverty Essay -- Papers

Major Strides Against Poverty Throughout time people have been affected by the harshness of poverty and economic strain. It has always seemed to be difficult for the average American to prosper if in fact that person did not come from previous wealth. Our great country prides on the idea of capitalism and the rights to freedom and insists that anyone who puts forth the effort can and will succeed. This has and always will be a debatable issue. The other realism is the role of the federal government and the capacity they work to ensure each and every American the right to become successful. Two Presidents come to mind when I think about the ways in which the government wishes to help the unfortunate. They are Franklin D. Roosevelt and Lyndon B. Johnson. These two administrations are the landmarks to the many programs and policies we see today that battle the likes of poverty and economic downfalls. The Great Depression Industrialization met its first and perhaps greatest obstacle in October 1929, when the stock market crashed that inevitably leads to the Great Depression. The Depression lasted over a decade and affected world affairs by questioning the validity of Capitalism, Democracy and industrialization. The underlying causes of the Depression were a direct result of overproduction. When the market crashed, investors and bankers cut consumer credit, which reduced consumer-buying power. Sales declined; therefore factories had to cut back on production. This led to a large reduction in the number of workers. With more people unemployed, purchasing power plummeted and goods did not move. Factories found themselves producing next to nothing because there was no one buying. This led to more layoffs and fa... ...al to the Reagan Revolution. The John Hopkins University Press. Ballantine Books. 11th ed. Canada, 1992 Bibliography: Bibliography New York Times Articles "Senate Votes a $75 Million Bill to Fight Starvation in Nation." New York Times 5 Mar. 1967. Associated Press. "Long Says Roosevelt Is 'a Liar and a Faker' And 'Just Getting as smart as I Was' at 14." New York Times 9 Jul. 1935. Mallon, Winifred. "New Deal's Pacts For Trade Praised." New York Times 7 Jul. 1935. Books Divine, Breen, Fredrickson, Williams, Roberts. America: Past and Present. Harper Collins College Publishers. 3rd ed. New York, 1994. Langston, Thomas S. Ideologies and Presidents: From the New Deal to the Reagan Revolution. The John Hopkins University Press. Ballantine Books. 11th ed. Canada, 1992