The Great Depression
In October 1929, one of the darkest periods of the world's economy began and would not end in most places until ten years later, in 1939. This period was the Great Depression. The Depression, or "The Great Crash", came after the Roaring Twenties’ economic burst and hurt the everyday lives of people around the world and the economy.
It affected foreign affairs, trade, weather, and the economy, and spread all over the entire world. It caused unemployment, poverty, inflation, and much more. It even affected people's everyday lives and families. One nation after another tumbled into a dark and very sudden economic disaster. Even with all the efforts made to fight this unbearable economic crash, the Great Depression had its claws deep in the world.
Causes
The Great Depression’s main cause is thought to have been the 1929 stock market crash.
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Although some European economies, such as Britain and Germany, had problems with money after the First World War ended. Low unemployment rates and stock prices were up—it was great. Then the depression hit. The major obstacles the crash caused were overproduction, unemployment, and inflation. These just kept pushing the panic and economic debt of the world along with all the rest of the Great Depression’s issues. Investors lost millions of dollars, and imports and exports between the world's nations drastically slowed down. This period caused around 11,000 banks to either shut down completely or temporarily close.
Crime and suicide were at their highest levels in years. "The Great Depression brought a rapid rise in the crime rate, as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition. Prostitution was on the rise as desperate women sought ways to pay the bills," says Ushistory.org. Not only that, but drug, tobacco, and alcohol use also