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Life during the great depression
Economic effects on america during the great depression
Life during the great depression
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Great Depression DBQ On October 29, 1929, the stock market crashed and thousands of lives were changed and millions of dollars were lost. It came to be known as Black Tuesday, the day when the stock market dropped incredibly and life was never the same. On the 24th of October, the market dropped a little, but on the 29th, the market crashed completely. Americans were scared and in disbelief, so they rushed to the bank to claim their money before their life savings were gone forever.
American economy had completely shattered during the depression. Beforehand, the US implemented high tariffs on foreign goods, aiming to improve the US's own economy. This was a form of Protectionism. These tariffs slowed down world trade. The economy was falling off the economic edge.
Joshua Youngworth Mr. Wall Period 4A 1-13-23 Stock Market Crash and the Great Depression Prior to the Great Depression stocks started to be purchased much more commonly as people assumed they could only gain profit from them. After the stock market crashed in 1929, the Great Depression soon began and the United States fell into a state of financial struggles. The Great Depression was a time where these struggles were common for tons of people all over the country and unemployment rates skyrocketed. The stock market crash caused the Great Depression because families couldn’t pay for anything, businesses started to fail, and banks closed.
The 1920s, also known as the “Roaring 20s”. This was when everything started getting better, new products and new inventions soared through the roof. However, as soon as 1929 hit, everything went down, including the stock market. This was known as the Great Depression. The Great Depression was a worldwide economic downfall in the stock market that caused harm and difficulty to everyone.
Many Americans lost all their money to the stock market when it crashed in 1929. Americans looked to President Hoover to end the depression. Most of Hoover’s policies were not likely to end the Great Depression. For example, President Hoover believed if the government could save business’ like banks, railroads, insurance, etc. that it would stop business collapse.
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.
During the Progressive Era, cities' living and working environments had deteriorated, however, the Progressive Presidents created laws and acts that brought the country forward. At the same time, the new industrial economy's wealth became more concentrated in a limited number of families. Although this concentration of economic power made wealthy families value more materialistic concepts , the lower class was able to influence the world through the jazz age and the Harlem renaissance. This rise in entertainment made this dark period more lively, but also led to more consumerism which ultimately caused a stock market crash. In 1929 Hoover decided to take over which just so happens to be the year the nation plummets.
On October 29th, 1929, the worst economic downfall to ever happen occurred. This date marks the beginning of a long twelve-year depression filled with suffering of many kinds for all types of classes of people. Ontop of suffering for classes of all kinds, there were many causes of this depression that ruined lives not only in the United States but worldwide as well. Because of the effects of this depression it caused the civilians and the government to react and be effected in numerous negative ways.
In the 1930‟s and years to follow, a lot of people in the U.S felt the hardships that had been caused by the “Great Depression”. Families in the Plains, a term used to refer to the areas near Oklahoma, Colorado, Texas, Nebraska, and Kansas, were hit hard by the Dust Bowl, to make matters even worse, Dozens of “dust storms” obliterated people's crops , for some the only source of money. Millions upon millions of acres of land became full of dust that the soil was not suitable for the growth of food anymore. This made life even more difficult for the people in this region because their homes, the only places they have ever known, had become ruined and torn down due to the sheer amounts of dust. This setback had caused a lot of people to pack
When The great depression struck it hit the economy and the people hard during the Great Depression, The Federal Government took a more active role in the economic, political, and social problems centering around the Great Depression and their new role also developed more effective answers than their past role in inactivity. Americans all over the world were listening to the radio and hearing the news of the crash of the stock market. The Great Depression was important to U.S history because it showed us the flaws in our financial system and now we are able to fix those errors. At first,"Herbert Hoover had bad luck to be president when the great depression hit.
Sam Wylie Mrs. Guidry US History 6 November 2015 The Great Depression & Elections of the 1930s In 1929 the stock market crashed under the president Herbert Hoover, this was the start of hard times that would only get worse. The Great Depression was one of the most horrifying and remembered events in American history. Banks were failing, people were starving, poverty was all around, and unemployment was at an all-time high.
“Worst of all, many Americans lost hope. As former president Calvin Coolidge acknowledged in 1932, ‘In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope. . . but as I look about, I now see nothing to give ground to hope.’” (Emory). The Great Depression (lasting roughly from 1929 to 1939) was, undoubtedly, one of the most troubling and hopeless periods faced by Americans in the early 20th century; inequality prospered as minorities, especially Black people and immigrants, became scapegoats for the country’s record-high unemployment and low quality of life.
The Great Depression was a worldwide economic slump that affected people of all sorts. In the United States, the unemployment rose to an all time high of 25% in 1933. These were desperate times, and desperate measures were taken just so you could get by. Because of these desperate measures, the culture of the country changed. As Lawrence Friedman put it, “Poverty and social disorganization were eating away at the country’s social fabric.”.
The Great Depression was a tragic time in which many American’s suffered from unemployment, starvation, weak banking systems, overproduction, and many more issues. There were several issues that led up to the Great Depression, many of which were blamed on Hoover. He worked very hard to find a solution for the depression; however his actions seem to have worsened things. He managed to become very unpopular due to his lack to realize the sweeping nature of the Great Depression. It was especially hard for women during this time as it was thought that women shouldn't be working.
The Great Depression Conflicts, crisis, concerns are some of the horrible tragedies that sparked the Great Depression. All this lead up into one terrible and happy ending in one way and we can recognize a couple different people for example Franklin D. Roosevelt who help this Great Depression of the world. The Great Depression was a terrible and tragic epidemic that hit world in an instant. This horrible event affected people on a personal level.
