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How The Great Depression Shaped America

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The Great Depression was not only one of the defining moments in American history, but also one of the most difficult hardships Americans faced. During the Great Depression, which was ignited by the stock market crash of 1929, people faced unemployment, poverty, and changes in government the ultimately shaped America today. Many people believe that The Great Depression began when the stock market crashed on October 29, 1929 (“The Great Depression,” American Express). In the mid to late 1920’s the stock market grew majorly, the stock prices skyrocketed gaining interest from all kinds of people. As stock prices continued to rise, the market became very popular. Eventually the stock prices started to fall during September through early October, …show more content…

One of the main causes of unemployment was the Dust Bowl. Over planting and poor management of the land paired with a serve drought sent farmers into despair. Thousands of farmers lost their property and jobs. The farmers had to move away from their rural areas to urban areas in order to find work, which contributed to the unemployment rate (“Great Depression Facts”). In 1930, 4 million Americans could not find work, and by 1933 thirteen million people were unemployed (“The Great Depression,” History.com). The unemployment rate rose from 3% to 25% by 1933 (DeGrace). People stopped spending money, and this led businesses to slow down production and to start firing workers (“The Great Depression,” History.com). For the lucky ones who managed to keep their job, wages fell. With the trouble of finding jobs, sometimes children would work when their parents couldn’t (“The Great Depression,” American Express). Many people discriminated against women because they were seen as taking job opportunities away from the men. During this time of widespread unemployment, many businesses favored men over the women. The unemployment rate for women was much lower in the 1930’s than it was for the men (“ 50 Interesting Facts

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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.

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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

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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.

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The Great Depression was a devastating economic downturn in the United States that began in 1929 and lasted until the late 1930s. The stock market crash of 1929 is one of the most famous events that marks the start of the Great Depression. The crash caused businesses to fail, unemployment rates to skyrocket, and people to lose their homes, their savings, and their hope. President Franklin D. Roosevelt's New Deal policies aimed to provide relief, recovery, and reform to millions of Americans struggling through the Great Depression.

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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.

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During the Great Depression the unemployment rate went up, they were forced to eat at soup kitchens or go through garbage cans for food, and they even had to build shelter out of cardboard. The first underlying cause of the Great Depression was underconsumption and overproduction. Many things contributed to the underconsumption of goods. The production line kept producing goods even when people could not afford to buy them.

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The Great Depression affected the daily lives of average Americans by putting many out of work. Once the stock market crashed, the average American was unemployed. Occasionally some would get chosen to work with the Public Works Administration. People that had a daily job struggled paying for bills and food let alone the people without jobs. Some Americans were homeless and couldn't work too because of disablement.

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The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.

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Great Depression The Great Depression was from October 29, 1929 – 1939 was long and hard. Everybody lost their money home and food belongings. You either had to sleep under a bridge or in a box car. And, to make money people would cut kids hair for just 10 cents each or paint an entire house for 20cents. When people became homeless.

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In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.

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In October of 1929, the stock market crashed. This caused the business of the world to be in serious trouble. By 1932, 12 million men were without a job, and desperate. The families had a few options during this time. They could either try and find a job, or cut back on their spending.

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But in 1929, that bubble had burst and stocks just went downhill from there. In 1932 and 1933, they hit rock bottom, stocks decreased about 80% from their highs in the late 1920s. This had pinpoint effects on the economy. Demand for goods declined because people felt poor because of their losses in the stock market. The wall street stock brokers invested a lot in stocks which seemed promising but later came to bite them back.

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Unemployment statistics poignantly revealed the impact of the Great Depression on Americans. In 1929, the Labor Department reported 1,499,000 jobless persons, or 3.1 percent of all employables. After the stock market crash, the figure soared. At its peak in 1933, unemployment stood at 12,634,000, more than 1 of every 4 people in the labor force. Some estimates placed unemployment as high as 16 million.

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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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