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20th Century Philosophy 1930s The thirties was a decade of great despair around the world All counties were up in arms about civil as well as national disputes In order to fully comprehend the events of the thirties an overview of major countries such as the United States Japan Spain and Germany will perhaps enable one to understand the extremities of this decade Herbert Hoover was the President of the United States of America when the great stock market crash occurred on October 24 1929 It was seen that although American productivity was high and real wealth grew there were major factors that concluded to this crash Continuing farm depression unequal distribution of personal incomes shaky credit and speculative practices to outright fraud by brokers on Wall Street were suspected to lead to this economic disaster Hoover insisted that America could get out of the slums on their own with pride and work This meant that he would not allow the government to give federal aid People were jobless homeless starving and the spirit in America was only of despair The country was ready for new leadership when the presidential election came in 1933 and Franklin D Roosevelt won for the democratic party After his inauguration on March 4 there was a declaration of a bank holiday on March 6 For three days there was not any money for people to live on Their commerce became trading until the emergency banking bill was put into effect This was the beginning of the New Deal which would last throughout the thirties in aiding the American people The New Deal would consist of different acts and aid in putting people to work through unions or maintaining agriculture by not overproducing However many of these ideas would backfire The Agricultural Adjustment Act allowed the farmers mortgages to be refinanced and out of debt by providing a stipend for not producing This was controversial because
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