A woman looked around in the refrigerator that her family and she only bought a decade ago on credit and let out a small sigh. With a limited amount of food at hand she would have to improvise the best meal she could to feed her and her family. Just in the other room aside of the kitchen she was in, her eldest daughter was hand-stitching some clothes to save some money and get by with something to wear as well.
from prosperity to hardship
“I wonder what the other farmers that don’t got this dust storm are doin’,” he muttered as he continued to press a piece of cloth underneath the door. “Probably gettin’ their own food in that good soil of theirs…”
The woman sat next to her radio as she looked at her family play a game of Monopoly. As her soap opera rang on in her ears, she thought about the time she was a flapper, having a great time with her friends and going to speakeasies with Prohibition enforced, much to the disappointment of their parents, but that was the reason she moved to the city. The thrill of being a small time outlaw drinking alcohol when it wasn’t allowed made her feel exhilarated. Now her entertainment contained of more family-bonding type and she enjoyed it nonetheless.
“Another bank goes…” said one former banker as he saw people rushing towards a bank with frantic and anxious looks plastered on their faces. He continued to walk down the streets of abandoned businesses as no one could afford to buy their surplus amount of goods. He was careless. The stock market flourished with success and he and mostly everybody else in America foolishly believed that nothing could cause it to plunge downwards.
He should have saw it sooner, but even if he did, it did not matter at all. Credit was one method debt could appear, and the surefire success of the market would have brought some suspicion, but it was too late. Hoover tried to help, but the stockbroker knew it would not work right away. Leaving matters to private assistance instead of trying to get the government to help plunged America into an even greater matter than it already was. Luckily, Roosevelt was elected and helped with his New Deal Programs to try to help the economy get better.
the results of carelessness
As she smiled when her daughter jumped in victory from a game of Monopoly, the woman had her profession on her mind. She knew some of her friends getting degraded by people because they held jobs men would usually hold. Being a teacher herself, she got none of that assault as it was classified as a job only women could do. While thinking of her job, she soon thought of the economy as a whole. What would cause such a depression to go away?
As terrible as it might be, a war would cause the economy to go up as demand for weapons would go up and produce from farmers would be needed. Furthermore, people could have learned from the mistakes and learned not to overproduce, not invest everything in the stock market, not cause another great depression.
“Hopefully,” she thought, “this is over soon.”
not for men, but for women
The former stockbroker was still on his stroll looking for nothing particular. He thought of Hoover’s presidency, and how his attempt to fix the economy was questionable. Since he was still stuck to his moral of government cheering on from the sidelines, he left the recovery of the nation’s economy to private donations and such. He even refused to give the army the $1000 they were promised and locked himself up. Roosevelt, however, tried an actual attempt in restoring the economy, starting off with a bank holiday. After he officially closed the banks for four days, he passed the Federal Deposit Insurance Corporation, giving bank depositors $2500 in case of if another emergency occurs.