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Great Depression Thesis

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The Great Depression
Beginning in 1929, the Great Depression was a true test of the world's economic health and ability to overcome crisis. The Great Depression was a severe economic crisis that was marked by low business activity and intense deflation. The Great Depression began in the United States, but swept all the way across the world and affected every industrialized nation. The Depression lasted for ten straight years and will not be forgotten. Its effects on the global market were visible up until 1954. The Great Depression is the most influential event of the 1920’s through the 1930s because it destabilized the economic health of countless countries, it shifted the population of the United States to the cities, and it led to the Second …show more content…

One of the main reasons that people fled from the Great plains was the massive drought that occurred. Very few people had the money to pay for water and crops to keep their farms alive and well. By the late 1930s and early 1940s, two and a half million people had fled the Great Plains in the center of the U.S toward large cities and ‘Hoovervilles’(Great Depression. Facts). ‘Hoovervilles’ were towns that consisted of homes that were typically made out of cardboard and sheets For those two and a half million people, life began to become unsustainable as they could not grow crops. The drought mixed in with the high prices of water for crops led to the migration. Many traveled to California, because it was one of the closest locations to the Great Plains. Other cities, such as New York City or St.Louis. St.Louis had the largest ‘Hooverville’ in the nation. It was privately funded and even had its own mayor, social institution, and churches. People without homes that had migrated also lived in dried up reservoirs, such as the Great Lawn in Central Park, New York City. Overall, The Great Depression was largely responsible for the shifting of population towards large cities, which is still the same to this current …show more content…

The Great Depression was the first truly global economic crisis and was not solved for another twenty years. Although there have been recessions since then, none of them have left a mark like the Great Depression. Since then, people have found ways to create a better monetary and banking system, in order to prevent future collapses.This twenty year period will truly never be forgotten all around the

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1483 Words | 6 Pages

The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.

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653 Words | 3 Pages

The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson

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944 Words | 4 Pages

In 1929, the United States stock prices dropped drastically, leaving farmers without farms, banks out of business, and businesses bankrupt. This was the start of the Great Depression. The Great Depression affected the whole country, leaving many unemployed and impoverished. The Depression lasted for a whole decade. In 1932, Franklin D. Roosevelt was elected President of the United States.

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835 Words | 4 Pages

The Dust Bowl was its lasting industrial effects on the area lasted much longer. that was rapidly losing topsoil in 1934, and it is estimated that 35 million acres of formerly farmed land had become unsuitable for agriculture by that time. (Document C) the reason why people are moving is the dustbowl changed living conditions which means people with jobs or living in homes had to move out or either be unemployed. With the changes happening in society, a photograph was taken during that time by Margaret Bourke White the photograph shows people in line for flood relief clothing and food, in Louisville, Kentucky in 1937 with a sign that says “there’s no way like the American way” the ironic part was people in line were struggling, and above them was a sign that said, “there's no way like the American way”.

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The experience that the majority of urban and rural Americans shared together during the depression was a flat out lack of income. The differences were very few, but in the cities, the depression was more prominently visible because of a higher percentage of the population (Schultz 2014). Besides the lack of income and employment, most Americans underwent periods of time being extremely hungry. In the cities, people spent hours waiting in breadlines and were losing their homes to only end up living on the streets in communities referred to as "Hoovervilles" nicknamed after the president (Schultz 2014). In the country, families suffered because of unusual droughts of the 1930 's that caused crops to fail miserably meant the already indebted farmers commonly lost their properties.

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462 Words | 2 Pages

Imagine living in a refugee camp. Every day you work really hard trying to get a job, and provide for your family, but to no avail. Every night you are extremely tired, but have a hard time sleeping because it is freezing cold. You wake up again, and go through this cycle of trying to get a job, house, and sleep. Hoovervilles are very similar to refugee camps.

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757 Words | 4 Pages

Many rulers and leaders had different tactics of trying to get America out of the depression and tried for nearly ten years. The Great Depression started in 1929 and affected America for almost ten years and it changed how the people viewed the federal government and how much power the government had. It was time a of change and many hardships for

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502 Words | 3 Pages

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.

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765 Words | 4 Pages

The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.

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526 Words | 3 Pages

They were called Hooverville because during the time, President Herbert Hoover took no

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679 Words | 3 Pages

The Great Depression The Great Depression was a nationwide economic depression. The great depression lasted for ten years starting on “Black Thursday” the 24th of October 1929. Black Thursday was the day the stock market crashed, it was told to be the worst stock market crash in American history. Black Thursday is what commenced the Great Depression.

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726 Words | 3 Pages

In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.

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1105 Words | 5 Pages

The Great Depression is considered one of the worst economic events to happen in American history. It began in 1929 when the stock market crashed and unemployment rose rapidly. Banks, grocery stores, restaurants, and many other businesses went out of business leaving America in a state of panic. There is no other economic disaster in history like the Great Depression because of events such as the Dust Bowl, Hoovervilles, presidency changes, and much more. As we approach the 100-year mark of this era, it is still the worst economic crisis this country has ever experienced.

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1059 Words | 5 Pages

The Great Depression and the Crash of 1929 The Great Depression of the 1920-1930s was perhaps one of the most marked events in the history of mankind. Very few incidents have ever had such a huge impact on not only nations and its institutions but also the common man. Of course there have been natural calamities and invasions but nothing like the Depression. Also there have been depressions earlier but never to this extent or of this intensity.

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750 Words | 3 Pages

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.

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