5th-1930s+Economic+Concerns

Construction

The 1930s shows what marvlous feets were reached in the 1930s not including the depression. The Empire State bulding, Supreme Court bulding, Hoover Dam, Rockfeller Center. These projects were constructed before 1935 anything built after was infrastructure for devlopment and unemployment relief. Most of the buldings that were built were economic failures but they are still standing today. The Empire State bulding and The Rockfeller Center were highly unoccuiped in the middle of the depression. Projects such as Ford Dam represented the uprisers of the economy. Projects like this were used for govermant intervention to aid and growth of a priviate sector. The New Deal was constrution projects in the 1930s. The New Deal was making it possiable for electrcal applaiances availble in rural areas. This gave electricity to 40% of americans that wern't able to use it in the pass. The New Deal helped move the economy out The Great Depression.

The Stock Market Crash

The Stock market crashed in 1929. The economy was suffering was stagnation. Investors confodence for new industries crashed. Large wordl war debts and failing economy made it hard for the United States to pay the debt. Federal reserves mismangment of the gold supply made it easy for speculations and bank solvency. Unrealgeted stock practices and security fraud drove stock prices higher then the real worth of americans money. Investors paniced to sell everything they invested in so they did not lose there fourtunes. This also caused banks to foreclose. The business cycle began to downturn and restructuring in the economy difficult. This is why it was so hard to live in the 1930s.

Industrial Warfare

Nothing describes the problems of the 1930s better then the war on labor. The United States have the most intense Industrial Warfare In the western Hemsiphere. The Industrial was so intense people started organzing togther to go on strike. Labor in the 1930s was cheap and easy replacable wages were extremly low. By 1933 more then 25% percent of the labor force was unemployed and the rest of the workers was only working part-time. Business owners hired thugs and police forces as a bribe to surpress strikes from happaning. Ford River Rouge had over 9,000 paid informants or thugs in this time. The Cold Strike of 1934 mine owners $17,000 on munitions and bomb strikers homes. Deputys killed six union organizers. During the same year a textile strike led to battles between workers and police and serveral were killed. In San Fransico a strike was broke out and a milita was called out and gunned down longshoremen. In the end, Industrail police forces made 1.7 million dollers bewteen 1933-1936.