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Great depression causes and effects
Effects of great depression
Great depression causes and effects
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More handpicked essays just for you.
Great depression causes and effects
Effects of great depression
Great depression causes and effects
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Kostandin Valle Mr. Zoellner English Language Arts II 26 August 2015 The Devastating Effects of the Great Depression Throughout life, many people go through some type of devastating or traumatic event that can change their lives forever. For the American people of the early to mid 1930’s, the Great Depression was one of these events. The Great Depression caused a major impact on all of America and affected the economy, the government, as well as the personal life of many Americans.
To begin, the Great Depression took a great toll on the typical American man. Many got fired from their jobs causing unemployment. It was almost impossible to get another job so they were stuck living with no money at all. Not having money caused most men to struggle with bills. Because they couldn’t pay bills they went into debt.
Everyone has depression, but did you know on October 29, 1929 the whole US went into depression. People lost their jobs, people lost their homes and lot’s of other things. Every bits and piece was super valuable at that time. Some effects the Great Depression had on people at that time was people lost their money. In an article called Digging In by Robert Hastings a girl explains how importants every minute of light is.
One of the quotes from the book that will always be in my mind is “the most significant fact about the Depression era may well be that it was the only time in the twentieth century during which there was a major break in the modern trends towards social disintegration and egoism.” This era made a lot of people including the rich and middle class realize just was being poor felt like. This quote shows that the Great Depression did not discriminate against a specific
The Great Depression was a time when mostly everyone started to loss their their money,business, and homes. Many people lost their jobs and that made them go to their local banks and withdraw their money, but the banks did not have their money, all the people that wanted there money back lost it all because the bankes went broke. The people were now poor and the government didn't help them. Saving and investing was really important in that time.
The Great Depression occurred after the huge stock market crash in 1929. However, the impacts were on going till the 1930s. Many individuals were affected by this stock market crash which led to destroying young innocent lives. This was the time where a majority of individuals were happy that WW1 is over, but then again it went back to a horrible state due to stock markets. For instance, for those who had a credit card and spent a lot of money on the loan they borrowed came out as a horrible lifestyle when Great Depression happened.
he Great Depression was a time of huge economic downfall. During this time period people lost their homes, money, and everything they had ever earned. Millions of people were affected, including the middle and lower classes, who would just become poorer. People in upper classes, even dropped to the lower class. This downfall began on October 29, 1929, and the leading cause was the crash of the stock market.
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.
During the Great Depression jobs were scarce. However, “men’s” jobs, such as factory work, were hit harder than “women's” jobs, such as maids. People realized that women had more opportunity for a job than men. For this reason, women were looked upon as taking men’s jobs.
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.
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.
"Women, Impact of the Great Depression on." Encyclopedia of the Great Depression, edited by Robert S. McElvaine, vol. 2, Macmillan Reference USA, 2004, pp. 1050-1055. U.S. History in Context, http://link.galegroup.com/apps/doc/CX3404500550/UHIC?u=vol_h99hs&xid=73687bb3. Accessed 1 Mar. 2018.
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).
The great depression was the worst economic recession in the history of the industrialized world. Majority of the population was homeless and starving. People were running out of food and there were very limited number of jobs. Whenever a job came available, people were forced to move to support their families. The struggles and adversities citizens were obligated to face was unreal.