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How Did The Economy Affect Farmers During The Great Depression

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The Great Depression The Great Depression is one of the most well-known and longest economic downturn in history. Depositors, investors, producers, financial institutions, industries, and agriculturists all suffered giant losses during this time period. The Great Depression took place in the United States from 1929 to 1939. Before the Great Depression (1923-1929) the U.S. economy was flourishing at a great rate. The stock market doubled in these years. The Great Depression started settling in whenever the stock prices began to decline on October 24, 1929 and the American stock market crashed on October 29, which is known as Black Tuesday. On that day 16 million shares were traded after Wall Street went into panic. Millions of shares ended …show more content…

Farmers in particular were affected greatly. The way that the Great Depression affected the farmers was that during the 1930’s farm life was struggling due to dryness and heat and other climate issue causing the farms to not produce which meant farmers were not getting money because there were no sales. Farmers were left with no money to buy groceries or make farm payments and the government could not help out due to the fact that barely any companies were succeeding. By 1940 normal rainfall returned, and the economy was making their way out of the Great Depression meaning that federal programs could step in and help out the farmers to rebuild their farms and start producing crops …show more content…

One thing in particular that increased during this time was crime rate. People did not have jobs due to the unemployment rate being so high that desperate people resorted to stealing things. They were stealing to either resell and get money or stealing certain things that they just needed in their everyday lifestyle that they were unable to afford because they were jobless. The death rate is another thing that increased during this time period. Suicide rate was increased dramatically because people would have rather killed themselves than suffer through such a horrible time. People were dying off due to malnutrition because they could not afford food or there was simply just no food to even get. People that would become ill just died instead of going to the doctors because doctors were so expensive and people had no money to pay for doctors or medicines. Prostitution was another topic that increased during this time period. Women began selling their bodies in order to put food on the table for their children and themselves. People ended up losing their homes over the Great Depression. They did not have the money to pay bills, such as electricity or water bills. They couldn't afford living in a home so they became homeless and lived on the

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No matter if a country was considered rich or poor, the Great Depression had devastating effects. The unemployment rate increased dramatically, going from 3% to 25%. For the people who were lucky enough to still be employed during this horrible time, their wages fell 42%. However, the crash of the stock market is not the only thing that caused the Great Depression. In the middle of the 1930’s, a severe drought struck and it ruined much of the agriculture of the United States, which was known as the Dust Bowl.

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The Great depression sent it affects all through the world. Though millions of Americans lost their jobs and homes. Soon “Hoovervilles” started to take over all over the country which were shacks of improvised housing for people who lost everything. When F.D.R came into office in 1932 he helped Americans and America start to recover with the passing of many laws and regulations . One change was the creating of the FDIC, which insured the peoples savings stayed in the bank.

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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.

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The Great Depression was an enormous economic downfall in the history of the United States and was also a very hard time for many Americans. People had lost jobs, markets went bad, banks had shut down, and unemployment rate has gone up. It had lasted from 1929-1939. During the next several years, buyer spending and investment had dropped, causing a decline in industrial output and raising the unemployment level. It began with the stock market crash on October 29 1929, which had lost millions of investors, markets had lost $30 billion dollars in two days, making it ten times more than the annual budget the U.S had spent for WWI, and prices were dropping until the end of November.

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The Great Depression occurred after the huge stock market crash in 1929. However, the impacts were on going till the 1930s. Many individuals were affected by this stock market crash which led to destroying young innocent lives. This was the time where a majority of individuals were happy that WW1 is over, but then again it went back to a horrible state due to stock markets. For instance, for those who had a credit card and spent a lot of money on the loan they borrowed came out as a horrible lifestyle when Great Depression happened.

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Since many were unable to make mortgage or rent payments, they were deprived of their homes or were evicted from their apartments. Both working-class and middle-class families were drastically affected by the Depression. Much of the nation was enjoying a manufacturing and production boom in the 1920s, when the price of cotton began to fall. The Great Plains were hit hard with both a drought and horrendous dust storms, which was known as the Dust Bowl.

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The Great Depression was a time of economic destress in the United States that eventually affected the whole world. The stock market crashed causing chaos among the people. Everywhere people were going to banks demanding they get their money back. However, these banks were not prepared for this and did not have the money to give back. As banks began to fail, business failed as well.

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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.

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America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.

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