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How Did The Great Depression Affect The Economy In The 1930's

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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. Your family is homeless,penniless and hungry. For many people during the 1930’s, this was common. The Great Depression has an adverse effect …show more content…

A house behind ours sold for $25. Many good houses in Marion sold for $5 to $100 and were torn down and moved to nearby towns. We settled with the loan company for $125, or ten cents on the dollar for our $1250 mortgage.” This proves it because houses had to be sold cheap to get money because people really needed money at the time. The story also proved that it had an effect on the economy by saying “The Federal Emergency Relief Administration (FERA), created in 1933, gave $3 billion to states for work relief programs. The Agricultural Adjustment Act subsidized farmers for reducing crops and provided loans for farmers facing bankruptcy.” This proves that the Great Depression affected the economy because money was given to farmers so they could grow crops and also to work relief programs to create jobs. In conclusion, the Great Depression had an adverse effect on the economy. Though the Great Depression had an adverse effect on families, education, and the economy, hope was not lost. When families found themselves homeless and penniless, President Roosevelt’s New Deal reforms helped them get back on their feet, reassuring the American people that even in the darkest days, the government would not turn its back on

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