POVERTY: THE REAL PROBLEM

1929- The Great Depression was when the stock market dropped causing large amounts of money to be lost and our market to crash which lasted approximately 10 years.

1932- The Reconstruction Finance Corporation borrowed $2 billion to help large banks, railroads, farm mortgage associations, savings and loan associations and life insurance companies survive.

1933- Prohibition was a law that made manufacture, transportation and sale of alcoholic beverages illegal. Jobs in these areas were lost because of this law.

1939- Food stamps were created by the federal government to provide food to low-income individuals.

1964- War on Poverty occurred when the Economic Opportunity Act was established by the Office of Economic Opportunity (OEO) to put more federal funds to help poverty

2001- September 11 (911) terrorist hijacked two American Airlines flights and crashed them into the World Trade Center. It killed and injured a thousand plus people and influenced the United States economically and emotionally.

2005- Hurricane Katrina hit the Gulf Region of the U.S. causing a massive flood throughout cities. Homes were destroyed and many people were killed.

2007- The most recent recession is currently in occurrence. There was a decline in economic activity which created a huge recession for the United States.

2009- Increase of minimum wage of an average of $7.25 helped those employed earn more money.

2009- American Recovery and Reinvestment Act is a part of President Obama’s plan to fight poverty and hunger by increasing the Supplemental Nutrition Assistance Program (SNAP) aka Food Stamps by $20 billion.

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"In 2010 , 15.1% of all persons lived in poverty...reaching 11.3% in 2000."

The poverty rate has risen from 11.3 to 15.1 percent in 10 years. The population in the US increased quite a bit in those ten years, so 15% is a lot.

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"One out of seven people are living in poverty."

In the Us there are approx. 313.9 million people(2012). If one out of seven people are in poverty that means approx. 44 million people are in poverty.

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"In 2012' as in most recent years, a higher percentage of children were living in poverty(21.8%) compared with either working age adults(13.7%) or the elderly(9.1%)"

More children are effected by poverty then adults or the elderly. They are living day by day and just want to have a good life.

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THE POVERTY ACT

• The tax dollars will be more focused on the people in poverty not commercials
• Every city is required to have a certain number of 'safe houses' based on size
• Food drives are required to send a percentage of food to the 'safe houses'

SOURCES

• www.npc.umich.edu/poverty
• www.nclej.org/poverty-in-the-us.php
• depts.washington.edu/wepc/povertyintheus
• http://kmaccaskill.wordpress.com/2010/01/13/timeline-of-poverty-in-the-unit...