The great depression had a huge impact on the various cities. The economic decline gave the government power to do whatever they pleased . They needed a solution to the unemployment problem that was going on around them. In 1931, the Organization on Unemployment Relief was organized “to encourage local communities to care for their jobless citizens” The FERA distributed 500 million dollars through out the city to ensure more jobs and oppurtunities.
Though this isn’t too relevant to this topic of jobs, I thought that it was extremely important to understanding how the great depression occurred and the governmental change that occurred afterwards. One of the things that happened was that the stock market tanked and people lost their money. People went to their banks to get there money, but as you all know, one bank cannot hold all the money of everyone (and as a business, the banks invested a great pool of the money). If you look at the picture above, you can picture lines of people entering banks to try and re-obtain their money and life-savings. The great influx of people wanting to get their money had a great toll on the banks and they went down. Afterwards, people didn’t trust banks and didn’t put their money in banks. The government had to make it so people trusted banks once again. They made the FDIC and other securities of that sort. These securities ensure that if the bank cannot pay you back for this money or something occurs, the bank will insure you up to a certain amount of money such as, lets say, $100,000.