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Great Depression Essay

659 Words3 Pages

Every country goes through a phase of economic struggle but has a country ever experienced a timewhere recovery was unimaginable? The United States faced this when the world suffered what is known as the Great Depression, a period where panic spread fast and recovery spread slow. The Great Depression was also known as the ‘Great Crash’, when the stock market significantly dropped. The Great Depression has lasted four years and made many families face financial instability. It seemed impossible, but the United States slowly recovered from the crash. That period of economic struggle was the worst tragedy for the economy in the history of industry. In October of 1929, the stock market crashed, and society plummeted into the Great Depression. …show more content…

It was stated from fdrlibrary.org, “in 1933, 24.9% of the nation's total workforce, 12,830,000 people, were unemployed.” Imagine how devastating the total number of unemployed people would be around the globe. A quarter of the United States were unemployed and many people with a job had their wages cut. Doctors and lawyers had their income drop to as much as 40% and families lived a life of frugality. It was disclosed in history.com, “a quarter of the U.S. workforce was unemployed. Those that were lucky enough to have steady employment often saw their wages cut….doctors and lawyers, saw their incomes drop by as much as 40 percent.” But the unlucky Americans with no jobs or savings, lost their homes. Some had to sleep in parks or sewer pipes using newspapers to wrap themselves up from the cold. Many others used scrap materials to build a shack. Expressed in thompsonschool.org, “people lost their jobs, were evicted from their homes and ended up in the streets. Some slept in parks or sewer pipes, wrapping themselves in newspaper to fend off the cold. Others built makeshift shacks out of scrap materials” Others Numerous people rummaged through garbage cans or begged. The soup kitchen offered free or low-cost food for people. Thousands of the unemployed searched on foot or in boxcars for food and a job. Once normal life turned into a fight for survival. Many lived by the motto, “Use it up, wear it out, make do or do

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