Many economists trace the start of the Great Depression back to the 1929 stock market crash in the United States. This impacted the United States in a major way causing many laborer’s to find themselves jobless. There was a dramatic drop in trade, income and taxation that was felt by every country in the world. In the United States the unemployment rate reached 25%. Put in perspective this means that 1 in 4 people during the 1930’s had no form of income.
The Great Depression was a devastating period in United States History, the economy collapsed, and a staggering 25% of the population was unemployed. During this time, there were large wage disparity gaps that were very prevalent, there was no middle class, you were either wealthy or you were poor. It was hard for family life to continue, parents had to take up two and three jobs to make sure their kids were staying safe, and well. Most of these jobs were odd-jobs, and were temporary with no sense of security. It was a struggle to find work, and no job was too demeaning for you to do, because you may not find work again.
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 did not affect people in the same way, for example the rich people did not feel the impact that the poor people did. The devoice rates dropped because it was too expensive for people, people even delayed their weddings. Birth rates dropped and death rates rose. The way some people survived was by fishing maybe even hunting. Relief, Recovery, and Reform was used to help the people during the 1929 - 1945 time period.
Could you imagine living in a world with limited electricity, food, water, and other daily necessities? This is the kind of world people had to live in during the Great Depression. The Great Depression was a dark period of time in which the economy collapsed. Many people lost their jobs and money, but the government tried to give hope. To lead off, the Great Depression put millions out of work.
The Great Depression was a period of an economic disaster that lasted from 1929 to 1939. The effects of the depression varied across the nation and had a significant impact on all the different classes of the society. The following investigation will explore the impacts of Great Depression on the daily lives of middle-class Americans. Middle-class Americans were severely affected by the Depression mostly because they stood in the most convenient place of the societal ladder, they were neither poor nor wealthy. So, when Depression struck, the middle-class almost disappeared from the ladder because the economic crisis was massive and affected their lifestyles drastically.
How the great depression affected everybody. The great depression was when 50% of the united states lost their jobs or went broke. The cause of the great depression is cause a lot of people were saving and not spending. The system of buying credit, stock market, and low income had a big impact on the United States during the 1900’s. Many families went into debt, and so did many banks.
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 of 1929 negatively affected the American Economy, therefore affecting the people who lived in that economy like men, women, and African Americans. It is strenuous for our generation today to imagine how toilsome the Great Depression was on the people, it not only affected America but it affected many other countries. In our generation we feel that we are entitled to everything that we just deserve but during the Great Depression they hard to work to earn what they got, now we have everything at our fingertips but then they actually had to go out and look for it but the Great Depression made this harder for them. “Food and jobs were hard to get and many people stood in lines for government hand-outs.
From 1933 to 1934, the rate of unemployment skyrocketed it was at “an extraordinary 25 percent with another 25 percent who had their hours and wages cut” (Campbell). These statistic mean that one out of every two households were unemployed or underemployed during the Great Depression. All the country was affected, getting a job was an impossible task. Unemployment affected everyone, from the rich bankers to the farmers. Around 9000 national banks were closed due to the market crash and hundred of farmers lost their land and homes to foreclosure as a result to the Dust Bowl.
One effect of Great Depression is that the unemployment rate skyrocketed! The highest number of unemployment was during 1932-1933, according to “Great Depression - Facts & Summary - HISTORY.com” there were roughly around 15 million people unemployed, more than 20% of the population. People were being laid off by the plenty, simply because the owner of the business didn’t have enough to pay their workers. However, the text “The New Deal” states that, “The Civil Conservation Corps, CCC, was one of the new Deal’s most successful programs. It addressed the pressing problem of unemployment by sending 3 million single men from age 17 to 23 to the nations’ forests to work.
Effects of The Great Depression The Great Depression started in the 1930’s. It affected many different people in many different ways. It affected the farmers because there was a surplus of food driving prices down, the children because they had little to no food, it made some people famous, and even the president’s because they had to try to find a way to make things better and give the people relief. It was a very difficult time in history.
The Great Depression was the biggest economic downtown and it left millions of Americans in poverty and unemployed in the 1930s. The new era of living after the Great Depression allowed Americans to get back on their feet, recover and have newer rights and ways of living. The Changes to American Society in the 1920s and 1930s had both a negative and positive effect on society because The Great Depression put millions of Americans in poverty, The government created more job opportunities for Americans and women gained more rights and equality. The Great Depression had a negative effect on society because it left millions of Americans out of work and in poverty.
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.
What is the great depression? The Great Depression was a time period where there was no money. It had many negative effects on the people who lived through it. Some people think that the great depression had positive effects. Most people think it had a negative effect.
