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How Did The Great Depression Affect Society

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The Great Depression is a severe economic downturn that followed the collapse of the U.S. stock market in 1929. The Great Depression lasted until 1939. The causes for the Great Depression are that the stock market crashed, American were buying thing they could not afford, people were buying on credit, slow production, slow sales and an increase on tariffs. The causes for the Great Depression greatly affected America. The U.S. was impacted negatively but the legacy of the great depression has benefited the people and today society.
The Great Depression affected the people during the 1920s because Many had to live in poor conditions. When the stock market crash, many lost their jobs. The loss of jobs increase the amount of unemployment and the …show more content…

One of the legacies of the Great Depression is the president, Franklin D. Roosevelt, program which was called New Deal. The program purpose was to create jobs and improve the American economy. It offered aid to the elderly, and farmers. It also ensured bank deposits, investment in youths, and direct relief. It also integrated public housing, public work, job programs, and the promotion of workers right. New Deal improved the life of the American people. It also influence today society as we have majority of the benefits that are included in this program. Today we have aid, workers rights, public housing/work, and direct relief. All of these concept helped American stay away from living on the street. Another legacy of the great depression is buying on credit. During the time period of the Great Depression Americans were introduced to buying on credit which resulted in many being in debt. Buying on credit gave people the opportunity to maintain themselves and have the luxury of buying resources. Buying on credit increase the chance of being in poverty, as many American were tangled with

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