The Great Depression
After the Great Depression happened many people in the United States thought that the Stock Market crash had caused the depression but in actuality it didn't start it but it indeed help it. What were some other causes of The Great Depression then the Stock Market Crash, and what us as in people did to recover from it? I feel like there are more reasons to the Great Depression.It's very strange how we can hurt ourselves by trying to help ourselves. See in 1913 the Federal Reserve Bank was created to have an impact on how we manage our money at least that's what they said. In actuality it was created secretly so that the people in New York, that was already wealthy, could gain wealth easily. Eustace Mullins stated that the Federal Reserve Board, the ones that planed the Federal Reserve Banks, was made up of national financiers (2). The most important people to participate in the creation of the Federal Reserve Bank were: Nelson Aldrich, Paul Warburg, Frank Vanderlip, and Henry P. Davidson. These men plus others privately own and managed the Federal Reserve Bank. These men set it up so that they could control the United States money with a plan called the Federal Reserve Act; even though there is an amendment in the constituti
I don't understand how congress voted for it without looking into it real good I guess Nelson Aldrich really knew what he was doing in the process of constructing the policies so that congress wouldn't notice the real meaning of the Federal Reserve Bank or who really created it and according to Eustace Mullins, when congress viewed the Act, that the true authors weren't named (5). Since the New Deal couldn't get end the Depression, President Roosevelt came up with some more plans, which was called the Second New Deal. It also created the National Labor Relations Board to supervise collective bargaining, administer elections and ensure workers the right to choose the organization that should represent them in dealing with employers. Even though many people criticized it because they thought it didn't follow the American tradition (which was you work for what you get or you out of luck), social security is still in effect 'til this day and has help out billions of people who needed the help. One of the first and important acts passed was the Emergency Banking Act (also known as the Emergency Banking Relief Act). This act helped the farmers out a lot but this was because of the federal programs that were created to help. If there were some people who weren't confused it was the New York bank owners and the New York stock market financiers. When war really came about there was an urgency to start getting ready. As soon as Roosevelt got in office he called a special session of Congress to deal with the depression instead of waiting for the regular session in December. This boasted the industry as production of goods raised, and labor power was gained by different businesses. Eustace Mullins commented on how the Federal Reserve Board applied this control of credit, but not in 1926, nor as a remedial measure. Later Congress passed another farm-relief act, which made the government pay farmers who reduced plantings of soil-depleting crops -- thereby achieving crop reduction through soil conservation practices. According to Eustace Mullins, The Glass Bill (the House version of the final Federal Reserve Act) had passed the House on September 18, 1913 by 287 to 85.
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Acceptance Essays
