The Great Depression Research Paper

The Great Depression tore apart the American population. In the 1930s, the Great Depression was the worst economic crisis in modern history. It lasted from 1929 until the beginning of World War I in 1939. The main causes of the Great Depression included slowing consumer demand, loss of jobs and unemployment, high rates of poverty, decreased industrial production and stock market crash. When the stock market crashed in 1929, it triggered a crisis in the international economy. A rash of banks then started to fail in the 1930s and the Dust Bowl increased the number of unemployment by 20% by 1933. This failure rate would continue until Presidents Herbert Hoover and Franklin D. Roosevelt tried to help and fix the horrible economy, and did so with

“As stocks continued to fall during the early 1930s, businesses failed, and unemployment rose dramatically. By 1932, one in every four workers was unemployed. Banks failed and life savings were lost, leaving many Americans destitute. With no job and no savings, thousands of Americans lost their homes.” This quote supports my evidence because it shows that during the 1930s, the stocks dropped and due to that, many businesses failed, leaving one out of every four workers unemployed. This caused thousands of Americans to become bankrupt and eventually led to homelessness. In the 1930’s during the Great Depression, the stock market crashed, causing thousands of lives to be impacted by the decade-long economic catastrophe. “The Great Depression had a negative effect because the stock market crashed, causing a decade long economic catastrophe.” This topic sentence shows that the stock market during the 1930s was not good, causing investors to lose all of their money due to them putting all their money into shares that were