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.
The Great Depression was a time of suffering among families. It lasted from 1929 to 1939. People lost all their savings they worked hard for. Businesses and companies crumbled. Most families had to leave their homes to live in shanty towns which were made of very cheap materials.
The Great Depression is the worst economic downturn that America has ever experienced. Over a ten year period lasting from 1929 through 1939, America witnessed hardships like no other. At the lowest point in the Great Depression nearly 25% of Americans were out of work, and that rate increasing by twelve thousand every day. The Great Depression made many people question the “American Dream” and people were weary of the future. Many effects came out of the Great Depression, one being more government programing.
The Great Depression was a catastrophic period of economic hardship that lasted from 1929 to 1939. It was caused by many primary and underlying factors that led to a downfall in economic activity and widespread unemployment. Some of the major causes of this event were stock market speculation, overproduction in numerous industries, underconsumption by consumers, high levels of debt, and the fateful crash of 1929. All of these factors combined created a severe economic emergency that resulted in extreme levels of unemployment and poverty for many Americans.
The Great Depression was when people panicked both the economy and the stock market crashed. Poor leadership and exclusion along with low money for anyone including the government. Lead to low demand and so the production when down so less workers were needed. Then soup and bread lines along with Hoovervilles, and the poor called everything Hoover, because they blamed him. But when the Japanese bombed Pearl harbor conscription came into effect and the factories went back into full production.
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.
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
In what ways did the Great Depression affect the American people? After a decade of economic prosperity, what seemed like an era that defined the concept of the American dream, quickly came to an end when the stock market on Wall Street collapsed in 1929. The aftermath of the events that occurred on Wall Street would put its heavy mark on the years to follow among the citizens of the United States. Banks closed down, unemployment rose and homelessness increased. It was a widespread national catastrophe that had its impacts on both poor and rich.
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.
Back in 1929, the Great Depression was the worst drop of the economy in U.S. history. Over a ten-year span, thousands of business’s and business men went into dept leading into bankruptcy all over the country. The government, the transportation, and the people were truly affected by the Great Depression. This sad time was called the great depression for a reason. The overall state of the country was gloomy, sad and desperate.
The Great Depression greatly influenced the political and economic situation in America. No nation could emerge from something as tragic as a economic depression without suffering profound social, political, and economic changes. In regards to the economic situation in America, the majority of businesses failed and became bankrupt, but some actually emerged even stronger. With the mass amounts of unemployed people, the crime rate skyrocketed as well as other things such as suicide rates, prostitution, alcoholism, and malnutrition. Things such as health care and higher education were almost always out of the question for Americans during this time.
The Great Depression of 1929 negatively affected the American Economy, therefore affecting the people who lived in that economy like men, women, and African Americans. It is strenuous for our generation today to imagine how toilsome the Great Depression was on the people, it not only affected America but it affected many other countries. In our generation we feel that we are entitled to everything that we just deserve but during the Great Depression they hard to work to earn what they got, now we have everything at our fingertips but then they actually had to go out and look for it but the Great Depression made this harder for them. “Food and jobs were hard to get and many people stood in lines for government hand-outs.
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.
The Great Depression had loss of jobs,loss of money and weakness in the economy. The Great Depression destroyed everyone’s life. The stores couldn’t sell their goods. Banks couldn’t make loans to help the stores in need. It lead to fed fighting that slowed Inflation.
The great depression affected a lot of people, especially the farmers due to price drops. The great depression caused one of the biggest unemployment rates in the World. This depression caused a lot of countries like France and Britain to collapse. The great depression caused a lot of businesses and banks to get closed due to the inability to not pay their workers or because or bankruptcy.
