American Non-Prosperity

Paper Summary:

The paper describes how neither the 1930s nor the 1970s brought prosperity to America and Americans, although for different reasons. The essay discusses how both decades, characterized by economic decline and financial hardship for most Americans, impacted average working-class Americans politically and behaviorally. The paper further discusses how various international events, from 1940 to 1970 impacted American prosperity (and its decline in the 1970s). The paper compares and contrasts the political consequences of economic decline and prosperity from the 1930s to the 1960s, with those of the 1970s.

From the Paper:

"Indisputably, the Great Depression, which began with October 29, 1929 stock market crash, also often called "Black Tuesday", and created a need for the subsequent extensive New Deal legislation throughout the 1930's, changed America's public and private sectors, and working-class American citizens' political ideas; personal behavior; and expectations of their government, for the rest of the 20th century and beyond (see "The Great Depression", in Foner, Give Me Liberty, Vol. 2 (Seagull Edition), 2006). First, New Deal legislation and programs of the 1930's substantially altered the existing relationship between working-class American citizens and their government."

Sample of Sources Used:

• Foner, Eric. Give Me Liberty! Vol. 2 (Seagull Edition). New York: Norton, 2006

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