Everyone was under the impression that because everything was so great now that everything would always be great, which was false. The Great Depression was an economic depression that took place across the whole world. It took place mainly through the 1930’s. It began in 1929 and it did not end until 1941. It was the longest, most horrible worldwide depression of the 20th century.
1930’s The Great Depression The Great Depression was the largest economic depression of the 20th century, and is commonly used today as a measure of how far the world’s economy can decline. The depression started in the U.S in 1929 with the Wall Street stock market crash (known as Black Tuesday). This eventually spread globally and affected the economy of many other nations throughout the 1930s. Canada was greatly affected by this as Canadian industrial production fell to 58%, the second lowest level after the United States.
The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.
The Great Depression started somewhere around the year of 1929 to the year 1939. It was a time of great sorrow for many countries. Some of the causes of the great depression were the overproduction and the under consumption of many goods as well as the excessive use of credit. The great depression also led to more women working during these times as well as lower pay for those who were working. Europe was affected by the great depression just as much as the United States.
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson
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 started in 1929 when the stock market crashed. The banks didn’t have enough money to give. President Hoover was a bad president and then when FDR took over he wanted to change it. Hoover did one thing by making the Hoover Dam and saving money by making water into electricity. The Great Depression was the worst bankruptcy in America's history.
The Great Depression was a time of economic downturn from 1929 until 1939. The stock market crash, which was the main reason for the depression, put many people out of jobs. The rich started to rely on the poor in time overworking the poor. The Great Depression had many effects but the major problems that arose was the shortage of jobs, lack of money, and no homes. It was a tough time for the everyone because the shortage of jobs created a struggle throughout the nation.
Imagine working sixty-hour weeks on your family farm planting the harvest, feeding the livestock, mending fences, and fixing equipment because your family can afford to hire a mechanic. You rise well before sunrise in the dark to tend to the animals while your younger siblings sleep. As they laugh and play on their walk to school, you must stay home and help your parents work to keep the farm going. They get to socialize with their peers each day, but you can't remember the last time you talked to anyone your age. Then one day you wake up and find all your hard work and sacrifice blown away by the wind.
The Great Depression is the worst event on American economy. In about 1932, nearly 15 million people or about 20 percent of the U.S. population back then, were unemployed. These all started when the stock-market crashed on October 24, 1929, due to the fast expansion of the stock-market. This event was just the beginning, wages started to go low, droughts and the fall of food prices affected the farmers, and the banks had to many loans that could not be forgotten or eliminated. The low confidence of consumers led factories and businesses to fire their workers and to produce much slower.
The Great Depression was a worldwide economic catastrophe that started when the stock market crashed in late October 1929. The depression lasted until about 1939 when World War II jumpstarted the American economy. The great depression had catastrophic effects on people, banks, and the government, but also brought out the good in people. Many people were affected by the Great Depression.
The Great Depression America’s economy experienced a number of changes during the Depression. During this time, many of the country’s banks failed. These in turn caused business failures, causing unemployment to rise above twenty percent. The national GDP fell by about twenty percent as a result of business failures as well. The wholesale price index also fell, decreasing by thirty three percent.
The Great Depression was a time when many people were unemployed. People during the great depression were struggling to make money due to the economic state of the world. due to this many protests happened and caused riots. This tells us that the Great Depression caused great damage to the economy. In the end, the Great Depression was a time where unemployed people had to resort to protests and riots due to the economic state of the world.
The Great Depression The Great Depression was the time period in which the deepest and longest-lasting economic downturn in the history of the Western industrialized world took place. The Great Depression started on October 29, 1929 and lasted until 1939. In the United States, the Great Depression began soon after the stock market crashed, which sent the stock market into a panic and also wiped out millions of investors. The loss was very shocking yet it was just a portion of the loss that was in the next 3 years. The big businesses, the wealthy Americans, and banks are to blame for America’s financial standing at the end of 1932.
Beginning in 1929 a worldwide economic downturn the Great Depression began. It was the longest depression ever experienced lasting until about 1939. The Depression started in the United States, however because of the drastic declines in productivity, unemployment, and deflation the Great Depression was felt in almost every country around the world. Only the Civil War ranks ahead of the Great Depression as the gravest crisis in the history of the United States of America.
