Primarily an agricultural state with scattered cities, Georgian farmers faced significant challenges through sharecropping, droughts and falling prices. When markets crashed in 1929, Georgia was already facing economic uncertainty. The years of the 1930s saw citizens across the state struggling to find jobs and basic necessities of life. With a strong connection to Franklin Delano Roosevelt through Warm Springs, Georgia, was uniquely positioned to benefit from policies of New Deal.
Like much of the rural south, Georgia faced a struggling agricultural economy even before the market crash of 1929. But as the nation reeled from a downward-spiraling economic shock, the lives of Georgians became increasingly difficult. Jobs were scarce, banks and businesses were wary of investing, and even the daily necessities of life were hard to come by.
The period encompassing the decades before the Civil War shows two distinctly American societies diverging both economically and ideologically. As the North grew into an industrial powerhouse, it continued to benefit from the South’s primarily agrarian system, built on a foundation of forced labor. These profoundly different cultures and perspectives would eventually clash in the War Between the States.
Overview: All goods and services require resources. In this concept you will learn what these resources are and get practice identifying them.
As its name implies, macroeconomics is all about the big picture of the nationwide economy. Key concepts include measuring and monitoring the economy as well as learning how policymakers affect the economy through political and economic decisions.