The Great Depression greatly affected many people and nations worldwide in a terrible manner. Thousands of people lost their jobs, their land, their families. They lost their confidence in themselves which led to a loss of faith in their beliefs. Countries across the world were negatively affected by the lack of trade and wealth. The poor economy in the United States led to a loss of trade throughout other countries. Many people died during the Great Depression because of a lack of nutritional resources. People were poor because of the few jobs that were available to them . The American Great Depression was one of the hardest times for many people worldwide.
Markets were crashing and prices were going up. Prices were going up because there wasn’t enough food and supplies to sell which that made prices go up. Prices also went up because people that were selling products wanted to make more money. Prices were going up people couldn’t afford to buy food most of the time. “ There is no cause to worry. The high tide of prosperity will continue”, said Andrew W. Mellon,. Trading throughout the countries became a loss because of their lack of wealth. Other countries were lacking on their trading which cause markets to crash. Other countries couldn’t trade with the US because they were
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People that were sick couldn’t go and buy medicine because markets were crashing and prices were going up which some people couldn’t afford the medicine. People were getting sick of lack of nutrition. “ We have gone through some difficult times like everyone else perhaps our working together and respecting each other’s abilities, in addition to that little thing called love”, said Cynthia Weil. Surviving the depression was really hard on people they they didn’t have money to survive they would die if sickness or lack of nutrition. They couldn’t get money because there was no jobs, most of the jobs were in the western part of the United
The great depression in the US, which began in 1929, and ended in 1938 was caused by many different things all happening at the same time in the economy. The wall street crash in October 1929 was one of the main causes, when the stock markets crashed. This was caused by many things, but the main reason for it was a deflation (which is an event where the general level of prices in an economy are reduced) On October 24th (black Thursday), share prices dropped by 14 billion dollars in a day, and more than 30 billion in a week. This forced many of the banks to close, due to them investing their client’s savings in the stock market.
The Great Depression had several unfortunate impacts on the U.S and it’s citizens. 80% of Americans had no savings(Source A), 28 states had no banks(Source A), 200,000 children were left to roam the country alone(Source A), 1,000 homes were repossessed every day (Source A) These are just few of the tragedies the U.S had to face, due to the Great Depression. The Great Depression damaged our economy, and our lives. The New Deal was successful, because it improved unemployment rates, and it helped farmers.
The great depression had a negative impact on the lives of Americans. The great depression effected people all through out the nation, it was a global event. Many lives were greatly negatively affected. First off the great depression left many people homeless with no money or food. Family roles changed men struggled to find jobs.
The Great Depression was a period of economic hardship in the United States from 1929 to 1939. During this period, the economy experienced a sharp decline, resulting in widespread unemployment, poverty, and a drop in the standard of living for millions of Americans. The causes of the Great Depression are complex and varied, but some of the most commonly cited include the stock market crash of 1929, a lack of consumer spending, and a decrease in investment from businesses. The Great Depression had a significant impact on the American people.
The Great Depression was catastrophic. It was a critical time period in our history when our economy crashed. People lost their jobs, and families became homeless. Today, 564,708 people are homeless. Back then, two million people were homeless.
The banking system was near collapse, a quarter of the labor force was unemployed, and prices and production were down by a third from their 1929 levels. The effects of the Great Depression on the American people were brutal and the many people that lived through it had many stories
The Great Depression affected the daily lives of average Americans by putting many out of work. Once the stock market crashed, the average American was unemployed. Occasionally some would get chosen to work with the Public Works Administration. People that had a daily job struggled paying for bills and food let alone the people without jobs. Some Americans were homeless and couldn't work too because of disablement.
he Great Depression was a time of huge economic downfall. During this time period people lost their homes, money, and everything they had ever earned. Millions of people were affected, including the middle and lower classes, who would just become poorer. People in upper classes, even dropped to the lower class. This downfall began on October 29, 1929, and the leading cause was the crash of the stock market.
The Great Depression was catastrophic. It was a critical time period in our history when our economy crashed. People lost their jobs, and families became homeless. Back then, two million people were homeless(Timeline). Today, 564,708 people are homeless(Social Solutions).
The Great Depression was a devastating period in United States History, the economy collapsed, and a staggering 25% of the population was unemployed. During this time, there were large wage disparity gaps that were very prevalent, there was no middle class, you were either wealthy or you were poor. It was hard for family life to continue, parents had to take up two and three jobs to make sure their kids were staying safe, and well. Most of these jobs were odd-jobs, and were temporary with no sense of security. It was a struggle to find work, and no job was too demeaning for you to do, because you may not find work again.
The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.
The U.S. stock market was doing exceptionally well during the early 20th century. Stock prices were high and Americans were making good money off of it. The stock market reached its all time high, when prices were beyond their actual value. As a result, the unemployment rate increased which lowered production for products. Eventually, because of that action, the stock prices began to fall, causing the stock market to plummet down, affecting everyone that had invested their money in stocks.
To begin, the Great Depression took a great toll on the typical American man. Many got fired from their jobs causing unemployment. It was almost impossible to get another job so they were stuck living with no money at all. Not having money caused most men to struggle with bills. Because they couldn’t pay bills they went into debt.
The great depression that took place from 1929 and lasted until about 1939 was a severe worldwide economic depression. This was known as the longest and worst economic downturn ever experienced in the industrialized world. Such as wiping out Wall Street millions of investors, consumer spending and investment dropped, and failing companies that laid off workers. By 1933, some 15 million Americans were unemployed and nearly half the country’s banks had failed. Both rich and poor have been affected and things like personal income, tax revenue, profits and prices have dramatically dropped.
Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.