During the Progressive Era and the Great Depression, there were a lot of turning points. The Women’s Right Movement and the Stock Market Crash of 1929 are the two major turning points that stood out during that time. It was clear that women were the ones that played a vital function in bringing reformation reforming the nation. Women were well educated college graduates and worked outside of the home during the late nineteenth century. The traditional social norms were no longer followed by traditional women. With the formation of the Women's Political and Social Union (WSPU) for the right to vote, militant political action soon began sometime in Britain in 1903 (McCallum). Women of all ages and classes demonstrated for the right to vote. After some time, they were jailed; some were even locked out of their places to have their meetings; and pushed down the steps of Congress (Grossman). In 1918, after coming to a truce, women in Britain started getting their rights to vote. In the United States women were able to contribute in reform establishments as a way to complete public services and also have a job. One of the first reform organizations that women became a part of was the struggle to black civil rights together. Between 1895 and 1916 two groups were discovered in order to stress women’s suffrage and to then push for reorganizations including permitting women to be able to vote. With the willpower of the National Women’s Party (MWP) women and National American Woman Suffrage Association (NAWSA), Susan B. Anthony submitted and wrote a planned right-to-vote modification to the Constitution. Women were able to achieve the privilege to vote in 1920 when the Nineteenth Amendment was approved. However, the second major turning point was when the Stock Market Crash occurred in 1929 acknowledged as “Black Tuesday.” Before this occurred, there were a number of events that pushed the nation into the Great Depression, nevertheless the Stock Market Crash was one that actually caught the researcher’s consideration. Everyone was looking to get rich quick before the Stock Market Crash. Most of them never imagined that the stock market would collapse economy and then slow down. The failing economy pushed the United States in to the greatest financial decay in its history. Among 1929 and 1934 over 11,000 banks closed and commercial savings were down to about half. The gross national product (GNP) released down approximately to half also. Joblessness taxes went from “3.5 percent to closely 25 percent in 1933, some stated were advanced than the national average (Grossman).
Impact of Major Turning Points on Today’s Economy and Politics
The two major historical turning points that affected today’s politics and economy politics are the Women’s Rights Movement and the programs created in the New Deal. The influence of women’s suffrage has functioned a huge section on America’s society; economy; culture and politics;
Women were part of the working force which meant no longer stayed at home. These women constantly fought for justice not just for women, but then again for everyone else that were struggling with issues. The programs that were shaped in the New Deal continued to have some kind of an effect on the politics culture; and society. The New deal was successful because it managed to change a lot of individual’s political opinions which were a huge bulk of African Americans who presented appreciation for the New Deal relief which left the Republican Party and then combined the Democrat Party. In the west, women were able to earn the right to vote before the South and East, for the reason that some of the men in the West had hidden motives. Some men even documented the significant role women were playing in frontier settlement; others were able to vote for things such as women's suffrage just to boost the strength in amount for voting and national advertising. Sometime in 1869, the western area of the country had fewer women and more men and really anticipated that there were more women that would resolve things in the west if they were provided the privilege to be able to vote. William Bright’s wife was the one who was able to convince him that rejecting women the vote was a disgusting unfairness and Edward M. Lee, who contended that it was biased for his own mother to be deprived of an opportunity arranged to African-American men. Regional Governor John A. Campbell respected the positive and authorized the bill into the law, making Wyoming the first state or land in the history of the country to give women this important entitlement of nationality.
Influence of Progressive Era Legislation on Business Conducted Today
The Spanish American War
The Spanish-American War of 1898 was because of geopolitical, commercial humanitarian, and reasons. America became really irritated with the cruel way, Spain was handling the Cubans (McCallum, 2007)The war that was going on among Spain and Cuba had messed up Cuba’s economy which was distressing to Americans who had participated in Cuba’s sugar estates. An unbalanced country that is so close to the United States boundaries had really worried politicians, since commercial interest could have been negotiated. President McKinley was not all that concerned with getting in wars of takeover or of territorial hostility. His attention in development was to make the United States first in global commerce and as a way to tool its democratic and humanitarian objective. The United States sent the U.S.S. Maine into Havana Harbor to examine the circumstances in Cuba (McCallum, 2007). Not more than a week later the U.S.S. Maine unexpectedly blew up in Havana Harbor, slaying 276 men. Then on April 24, 1898 war was professed by both nations. However, it was long because it just lasted four months. In the peace treaty, Spain arranged freedom to Puerto Rico Philippines; Cuba; and Guam in exchange for $20 million (Grossman, 2011).
The boom and bust of the Roaring Twenties followed by the Great Depression
Despite the shape the economy was in President Hoover did not want to rescue the economy through government mandated programs through the roaring twenties. He believed that the citizens; government; and businesses should work together voluntarily to overcome the depression. Relying on the volunteerism was not enough to sustain the economy. Millions of Americans suffered from hunger and homelessness. In 1932 President Hoover lost the election to Franklin D. Roosevelt. The Depression worsened by the inauguration on March 4, 1933. President gave the people hope that the economy would get better. Along with other individuals created a series of measures to reorganize the country’s financial system and the living standards of all Americans. His plan offered relief; recovery; and reform what is characterized as the “First New Deal.” Two of the ways in which the national economy was affected was by the Emergency Banking Act/Federal Deposit Insurance Corporation (FDIC) and the Social Security Act. Banking Act/Federal Deposit Insurance Corporation (FDIC) was formed by Congress to make sure that the deposits were up to $5000. Later on after President Roosevelt took office, he ordered a shut down all of the banks in the nation and the Legislative body was able to pass what was known as the Emergency Banking Act. The Emergency Banking Act was what gave the government the chance to be able to inspect the health of all the banks throughout the country. However, The Social Security Act was something that was able to establish a good system that was effective. It was effective because it was able to provide old-age retirement pension for employees, survivor benefits for victims of industrial mishaps, being without a job insurance, and help for dependent mothers and children, the physically disabled and also the blind (Grossman, 2011). Even though the original Social Security Act was not able to cover domestic and farm workers, it was able to bring aid to millions of Americans thus helping then feel much more secure.
In conclusion, it is clear that The Progressive Era through the Great Depression was an era that changed the nation. The women getting their rights broke down the barriers among the men and women. It was a turning point for the nation to see that the women would now have the same rights as the men and then being entitled to do the same things that they were doing.
Works Cited
Grossman, H. B. "A comparison of the progressive era and the depression years: Societal influences on predictions of the future of the library, 1895-1940." Libraries & the Cultural Record 46.1 (2011): 102-128,133.
McCallum, T. "Vancouver through the eyes of a hobo: Experience, identity, and value in the writing of canada's depression-era tramps." Labour 21.8 (2007): 43-68,348-349,7.
