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How Did The Great Depression Affect Society

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The Great Depression was one of the economy’s worst stock crashes ever. It lasted from 1929 to 1942, making it a long period of depression. It did not only affect the United States, but also many other countries around the world. Many causes led to the crash, including bank failures, overproduction, underconsumption, and much more. These have many effects on society. The depression showed how to prevent certain banking crises to this day. Years leading up to the crash, the stock market experienced quick growth. Many investors bought overpriced stocks from investors paying only one part of the stock's price and borrowed the rest from their bank. Excessive borrowing led to a sudden collapse in stock prices and wiped out billions of dollars. This is known as “Black Tuesday”. Many Americans fell into debt at this time. Many banks have invested money into the stock market, using their depositor's money. When stock prices began to fall, the banks faced financial difficulties due to losing the value of the money they put into stocks. It led to a panic where many depositors rushed to take money out of their accounts. This led to the failure of thousands of banks. This was just the beginning of the depression. …show more content…

Wages were inconsistent, and companies paid low amounts of money to their workers. As a result, there was overproduction from companies. Overproduction in industries like agriculture and manufacturing led to a rapid increase in the amount of goods, but wages did not rise at the same rate. Too many products were produced, and many people needed help to afford the prices that the companies set. This meant that people couldn't afford to buy all the goods being produced, leading to an unbalanced ratio between supply and

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The increasing intensity of banks was the contributing factor in the cause of the Great Depression because the banks had investments that crashed on Black Tuesday in the stock market and the massive number of people’s withdraws and accounts. In Document 5, it states that the “security prices were forced up by competitive bidding rather than any fundamental improvement” by the constant shift of the Bull Market. The customers were not keen enough to see what was really going on in the stock market. When the lack of new investors brought the stock market prices to drop, this caused the bull market to cease. Massive amounts of Americans were advised for margin calls from their stockbrokers and made investors stormed issuing margin calls.

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Thus leading into the Great Depression, otherwise known as the

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This was the final tipping point that caused the Great Depression. Even more than when the banks failed, people lost everything. Including their jobs and their investments and anything they had. In the stock market crash of 1929 there was almost nothing left. All the money disappeared, many people lost their jobs, and banks started failing.

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There were far too many independent banks during the period of the Great Depression, and the problem with the surplus of independent banks was the lack of support they could provide each other. The Run on the Banks resulted in the fall of banks, and an overall lack of confidence in the banking system. The overuse of credit in the economy helped trigger the run on the banks by people taking out loans from banks and then not being able to afford the continual payments, leading them to withdraw their money and shut down the banks. The Stock Market Crash was also a major factor in the start of the Great Depression. People who were buying into the stock market were gambling their money into the stock market in the hopes of making a quick profit (B).

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The Great Depression took its toll on many families during the 1930s. In 1929, the Great Depression hit due to the stock market crash. This disaster caused financial issues and unemployment. It lasted what seemed like forever and finally came to an end around World War II. A modern-day economist, Ben Bernanke, was looking into the catastrophe and said it was such a disaster because of its length, depth, and consequences.

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The Great Depression was an economic crisis in the United States from 1929-1941. The Stock Market Crash was one of the primary reasons that caused the Great Depression. The Stock Market Crash was caused by too many people withdrawing their money from banks at the same time. This happened because they heard that banks were going to close and they didn’t want to lose their money because of that. Banks needed people’s money to use for investments and since they didn’t have any, banks began to close.

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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 Battle at Gettysburg, remembered as one of the bloodiest battles of the Civil War. A battle lasting roughly three days and an approximate fifty-thousand casualties combined from both sides. Following the Union victory, per the Journal of Transpersonal Psychology, Abraham Lincoln accepted invitation to speak at the ceremony in which he spoke for three minutes and used concise three-hundred-word oration (Ryan, Mark). Lincoln’s speech was a mere fraction of length to the invocation given by Edward Everett, thus proving that a well-structured, brief, and persuasive claim are as effective as long drawn-out speeches. In the Gettysburg Address, orator and former President Abraham Lincoln enforced his beliefs on basic American rights using pathos,

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During the great depression, the United States faced one of the hardest economic crises the nation has ever seen. Before this, the economy was rapidly expanding, and people all over the country were investing in the stock market. However this was not sustainable, by 1929 many investors had seen the stock market to be overvalued leading them to mass sell their shares (History.com). This resulted in an economic collapse that affected millions of Americans. First, it puts a halt to the workforce causing many people to be unemployed, and unable to put food on the table, people even lose their homes and life savings.

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In 1929, there was a loss of over $25 billion, and a significant number of people were in debt. Due to a lack of money, payments for necessities or basic needs like food, mortgage installments, and other purchases were impossible to afford. Furthermore, widespread unemployment resulted in bank closures due to people taking all their money out of there. All of this contributed to the stock market crash, which caused the Great Depression. It lasted a decade, during which many people struggled to make purchases that would ensure their survival.

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This created extra goods lowering the prices of the goods. The skills of the

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The bank was a major cause that led to the Great Depression. People would give their money to the bank to solicit for

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The Great Depression was caused by a man-made event called The Stock Market Crash. The prices on the stocks were too high for people to keep up with so they just stop buying all together. Parents weren’t able to keep their kids healthy and buy them enough food. (Besides rich people) Stocks began to decline in September and early October 1929.The banks began to close, people just kept on withdrawing because they didn’t care enough to stop. So the banks had to start firing people so they didn’t have to pay their workers as much.

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One cause for the events and actions that led to the economic conditions that caused the Great Depression was the stock market crash of 1929. In the years leading up to the crash, there was a speculative bubble in the stock market, with investors buying stocks on margin with borrowed money, driving up prices to unsustainable levels. When investors began to realize that the market was overvalued and began selling their stocks, prices plummeted, causing a chain reaction of panic selling and a sharp decline in the value of the stock market. One effect of the Great Depression was widespread unemployment and poverty. As the economy contracted and businesses failed, millions of Americans lost their jobs and were unable to find new ones.

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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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