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The Great Depression: The Peopl The New Deal

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Recovering from a economic depression
A very well functioning country went broke because of a stock market crash. People who had invested in the Stock Market lost all of it when the stock market crashed on Black Tuesday. This was the beginning of the Great Depression. People were impacted by the Great Depression as they lost their jobs and income, making it hard for them to provide for their families, but laws were put in place to help the American people through this time.
Because of the stock market crash, businesses were negatively affected. Stock market investors sold over-priced shares (History.com staff). They sold the shares for more than what they were worth so they could make money off them. There was a panic that swept wall street on black Tuesday and 16 million shares were traded (History.com staff). The …show more content…

The Emergency Farm Mortgage Act provided loans to save farms from foreclosure (Amadeo). This helped farmers so they could keep their farms to make money to pay the loan back. The Civil Works Administration was put in to help the American people get through the winter (Civil Works Administration ). This helped people make money so they could pay their bills. They built 44,000 miles of new roads and 1,000 new or improved Airports (Civil Works Administration). The people benefited from it and the Government benefited from it.
People during the Great Depression were impacted by losing their income and jobs, so they couldn’t support their families, but laws were put in place to help people through the time. The depression caused many businesses to go bankrupt, which caused the American people to go broke because they couldn’t pay their bills. Then the New deal helped a great deal of people get through the Depression. Today, some laws are still used to help people, the Government made sure that the Great Depression couldn’t happen

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