No matter if a country was considered rich or poor, the Great Depression had devastating effects. The unemployment rate increased dramatically, going from 3% to 25%. For the people who were lucky enough to still be employed during this horrible time, their wages fell 42%. However, the crash of the stock market is not the only thing that caused the Great Depression. In the middle of the 1930’s, a severe drought struck and it ruined much of the agriculture of the United States, which was known as the Dust Bowl.
According to Shleas, the Great Depression had major impacts on America life, American values and American Government. First of all, the Great
Regardless of location, the American people suffered during the Great Depression. It all started with the Stock Market Crash of 1929. People used credit too often and didn’t have the money to pay for what they were buying. Levels of unemployment started to drop as companies started to laid off workers. From 1929 to 1933, one in every seven businesses failed.
The Great Depression caused havoc all over the United States. The Great Depression was caused by multiple consequences, some being stocks, government policies, and panics from bank failures are just some examples. The economy has gone through hard circumstances. Involving people losing their jobs, the overall economy dropped and industries all suffered from the effects of the Great Depression. The president at the time, FDR, tried everything to reverse the consequences of the Great Depression through enacting programs.
The Great Depression era was one of the most severe hardships in United States history. The amount of suffering that ordinary Americans endured during the Depression was unprecedented. The Depression caused big businesses like Ford to layoff much of their workers during the Depression. This massive unemployment caused millions of workers to lose their homes and their livelihoods, puting Americans in destitute situations of extreme poverty. During the Depression the contemporary safety nets that existed to help take care of people when disaster struck had dried up and was unable to assist everyone.
The Great Depression was one of the most devastating economic crises in the history of the United States. It began in 1929 after the stock market crashed, setting off an economic spiral. Lasting for a decade it caused widespread unemployment, poverty, and social unrest. The economic collapse had devastating effects that had impacted everyday American life, including individual families, to the national economy, and even the government. During this period of time the American people faced a range of challenges including, unemployment, homelessness, starvation, and social inequality.
The Great Depression was a horrible but important time period of American history which allowed the country to learn from it’s mistakes and develop new policies that would benefit it’s
The Great Depression happened from 1929 to 1939. It was caused by the stock market crashing. It affected America in a good and bad way. Bad things that it brought is unemployment. Good things that it brought are a lower cost of living, huge technological advances, new forms of entertainment, more leisure time, a return to responsible social behavior, a five day work week, the Golden age of radio and film, the playing of social sports like monopoly and softball, leisure time to read and dance.
The Great Depression affect the various segments of American society due to having thousands of business failed. During this time period, over 25-33% of the population were unemployed. The Upper and, middle classes believed that people were poor since they didn’t work hard enough or that they didn’t work at all - stating “work hard and you too can be successful”, but failed to realize their economically unstable because they can’t find support to have a stable lifestyle. As an addition to poverty it increased the crime rates in the cities, since people were unemployed they’ll do anything to survive. As for others, they were hopeless and ended their own life committing suicide.
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.
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.
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 The Great Depression was a devastating moment and difficult time for American citizens. It was a time of extreme crisis that the nation had never experienced before. This era affected many families and communities by stripping away all of their belongings and making them lose everything they had. People were desperate to find jobs that could support their families and feed them throughout the year. At this point, people were even dying of hunger and some even went crazy because their needs never were, or could be satisfied.
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.
