"The Great Depression, like most other periods of
severe unemployment, was produced by government mismanagement rather
than by any inherent instability of the private economy." Milton Friedman
The Great Depression began around 1929 in most areas and lasted until the late 1930s or early 1940s. It was considered to be the longest, most widespread and deepest depressions of the 20th Century. Many people describe the Great Depression as an example of how far an economy can decline. Stock prices began to fall on September 4, 1929 and was worldwide news by October 29, 1929 (Black Tuesday) when the stock market crashed. The failing economy soon spread to other countries around the world. Everyone was affected the Depression both rich and poor.
The Farm Security Administration (FSA) was begun in 1935 as the Resettlement Administration and was an effort to combat poverty in rural America. President Franklin D. Roosevelt had a great deal of input into these programs. He believed that people should be given the chance to better their own lives. Many people moved west to California in order to work at large government owned farms. In the end the program was unsuccessful because the people wanted to own their own farms.
The Farm Security Administration (FSA) was begun in 1935 as the Resettlement Administration and was an effort to combat poverty in rural America. President Franklin D. Roosevelt had a great deal of input into these programs. He believed that people should be given the chance to better their own lives. Many people moved west to California in order to work at large government owned farms. In the end the program was unsuccessful because the people wanted to own their own farms.
