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How Did The Great Depression Affect America

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The Great Depression is one of the worst moments in American History and it changed America in many ways. The Great Depression affected America economically, socially and there manufacturing. The Great Depression lasted for ten years from 1929 till 1939. This was one of the largest a darkest periods America has ever faced and America was not really ready for it and that was why it affected America so badly. The stock market collapsing was the cause of this Great Depression and it lead to people losing their jobs, businesses and some even their homes. Farmers were the group most affected by The Great Depression because their total combined income dropped tremendously. People lost their jobs and this ruined a lot of the economy physically and even mentally. The stock market crash or The Great Crash lead to many things like Black Thursday and people selling their stocks because of the panic that was happening during The Great Crash. The government tried to fix the stock market crash but it really was not helping. They passed different acts to fix the economy and make everything stable again but it was not really fixing anything. The industry was also affected by The Great Depression tremendously. The industry was booming through the roof before The Great Depression because of mass …show more content…

Before the stock market crash the economy and just America was booming economically, socially and the manufacturing production increased. Between 1921 and 1929 the United States manufacturing production increased from forty four percent to one hundred percent. This mostly happened because of the new technology that was being created and new businesses were becoming bigger because of these new technologies. These technologies were automobiles, the radio and steel. Little businesses like rubber, oil and gas became bigger businesses because automobiles became a big thing really quickly during that

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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.

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Nathanaelle pierre-Louis United States history Period: 3 The Great Depression All through the 1920's, new enterprises and new techniques for generation prompted thriving in America. America could utilize its extraordinary supply of crude materials to deliver steel, synthetic compounds, glass, and apparatus that turned into the establishment of a gigantic blast in buyer merchandise (Samuelson, 2). Numerous US nationals contributed on money markets, estimating to make a fast benefit. This awesome thriving finished in October 1929.

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The great depression was a very hard time for almost all Americans. In 1930 there were 5 million people unemployed and it was up to 13 million by the end of 1932 in America. Almost all of America was classified as poor and didn’t have a living wage and most of America was falling apart. The three most impactful reasons that the Great Depression happened in the United States was because of the stock market crash, unregulated banking institutions, and overextension of credit/excess consumerism.

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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 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 did not affect people in the same way, for example the rich people did not feel the impact that the poor people did. The devoice rates dropped because it was too expensive for people, people even delayed their weddings. Birth rates dropped and death rates rose. The way some people survived was by fishing maybe even hunting. Relief, Recovery, and Reform was used to help the people during the 1929 - 1945 time period.

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The great depression impacted everyone because the cities were holding peoples money (The Origin of the Great

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How the great depression affected everybody. The great depression was when 50% of the united states lost their jobs or went broke. The cause of the great depression is cause a lot of people were saving and not spending. The system of buying credit, stock market, and low income had a big impact on the United States during the 1900’s. Many families went into debt, and so did many banks.

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The Great Depression was a horrible time for farmers and people, because prices went up for food farmers started to lose their farms. People started to live on the streets with no food because jobs were very scarce so no one could get a job. Stores were closing because they had less customers and no one had any money,so more the one hundred people got laid off their jobs because of that reason people ended up homeless on the streets with no food . “The Fed began raising the fed funds rate in the spring of 1928. It kept increasing it through a recession that began August 1929.Tom)

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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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The Great Depression was a catastrophic event that happened in the late 1920’s to the early 1930’s. The reason this happened was when the stock prices fell, causing the economy to completely collapse leading to severe economic failure. This event is what caused countless people to lose their jobs, which meant people were struggling to provide for their families, unable to pay for food and housing and the things they needed to survive, people started becoming homeless and weren’t able to eat. Businesses were failing and were not able to gain any revenue because people were losing their jobs, workers were being fired because they couldn’t afford to be paid, businesses were shutting down due to the fact that they were not able to make money to

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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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Bartenders, chiefs, lawyers even government officials were losing jobs and losing money. Entire businesses were going bankrupt and riding themselves from every worker they had. With no jobs available to anyone, money was unevenly distributed throughout the United States of America. The Great Depression affected the American people in many ways, from the poor all the way to the government itself. It frightened civilians, caused people to cut back on expenses, bankrupted companies, and hurt the economy in the government.

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The Great Depression affected the daily lives of average Americans by putting many out of work. Once the stock market crashed, the average American was unemployed. Occasionally some would get chosen to work with the Public Works Administration. People that had a daily job struggled paying for bills and food let alone the people without jobs. Some Americans were homeless and couldn't work too because of disablement.

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