In the late 1920s and early 1930s, there was a crisis among American families. The crash of the Stock Market in 1929 led into the era, which would be remembered as the Great Depression. The stock market crash left many American people with nothing. With no money, no homes, and no jobs, many American families became poor and homeless. With the presidential election in 1932, of Franklin D. Roosevelt and the introduction of the "New Deal," the American people were acquainted with many new economic and social welfare programs. Up until this time, welfare was not a big issue, but with so many poor people it was important to find a way to help the economy. The welfare programs did help many people in the height of the depression, but the question today is, the welfare benefit levels too charitable? The answer is yes. Welfare benefit levels are so generous, that they entice people into becoming dependent upon the system.
Up until the Great Depression, welfare was not really an issue. For the most part every one dealt with their problems on their own. When the stock market crashed in 1929, it left many people to fend for themselves. Many families in America got wrapped up in the stock market, after all the returns were very plentiful. Several people had their life savings in the stock market, and others went to loan sharks and took out loans for large sums of money, to try and earn back money that
they had already lost. When the stock market crashed, it left all of the people with investments in stock, as well as banks, with nothing. Many people committed suicide, or went crazy. Some of the richest people became poor. But to make matters worse, many people were fired or laid off their jobs. This was happening left and right; their employer had either lost too much money in the crash of the stock market. Or when the stock market crashed and took everyone's money, no one could afford the goods or services t...