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What Led Up To The Great Depression

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The great depression means people live on the streets, people get out of work, getting fired. Many people have nothing to eat so they starve themselves to death. During the great depression, many people get kicked out of work all over unite start. Many unemployed people get on the road, travel from town to town, city to city, state to state. Hoping that they will find work around and try to find food to feed their family, baby or even just to feed themselves. Not many people had cars, so many of them hitchhiked or rode the rails but it was hard to catch up they even got hurt. October 29, 1929 the day of the stock market crashed is the day that the official beginning of the great depression. The struck prices drop really fast without any hope of recovery and panic stock tries to sell their struck all at the same time. Then the stock market, which appeared to be a way to become rich quickly. It become the path to bankruptcy. That was only just the beginning of the worst depression. There was many banks had also invented many portions of their clients, saving in the stock market. These banks were forced to close when the stock market crashed. Many banks in America were closing all over the country. People hear about this and …show more content…

The banks has close for those who didn't reach the bank in time when they broke down or they were bankruptcy. Many businesses were also affected. Losing much of their money in either bank is closed or stock markets crash many of their employee’s were doing hours and payments. Consumers began to cut down on their spending, and purchasing, such as luxury goods. This lack of consumers, spending. It caused additional things to many businesses to cut back more of their employee's, payment and more lay off the workers. Some businesses couldn't even stay open with all those laid off and cutting down payments soon they closed their doors leaving millions out of

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But they were too late. Nine million savings accounts were lost, eighty-six thousand businesses closed down, nine thousand banks went out of business, and wages were decreased by a whooping sixty percent. Suicide rates rocketed and were the largest increase ever.

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There were far too many independent banks during the period of the Great Depression, and the problem with the surplus of independent banks was the lack of support they could provide each other. The Run on the Banks resulted in the fall of banks, and an overall lack of confidence in the banking system. The overuse of credit in the economy helped trigger the run on the banks by people taking out loans from banks and then not being able to afford the continual payments, leading them to withdraw their money and shut down the banks. The Stock Market Crash was also a major factor in the start of the Great Depression. People who were buying into the stock market were gambling their money into the stock market in the hopes of making a quick profit (B).

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Over 5,000 banks closed. There were massive layoffs, unemployment rate reached 25%, and industrial production fell by 50%. Cotton fell to 5 cent a pound and tobacco fell to 8 cent. Many people were homeless and there was child labor. Franklin Delano Roosevelt is Dutch and from an aristocratic family.

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The Great Depression was a time of economic destress in the United States that eventually affected the whole world. The stock market crashed causing chaos among the people. Everywhere people were going to banks demanding they get their money back. However, these banks were not prepared for this and did not have the money to give back. As banks began to fail, business failed as well.

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The companies kept pushing higher prices than what their products were really worth. This lead to the stock market crash. This meant workers were fired, wages cut, and business went out of business. After the stock market crashed, Americans lost trust in their banks to hold their

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The Great Depression began in August 1929. It was a tragic time that left millions of people in the United States out of work. The day when this happened is referred to as Black Tuesday, and it is the day when the stock market prices crashed to a degree that there was no hope for it to rise anymore. Many people attempted to sell their stocks, but there was no one who would buy it.

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The Great Depression actually started to take place in 1929 all the way to 1942. It was a very dark time in the past for the Unites States. Many people died or was devastated by the stuff that happened during those dark years in the 1930s. The Great Depression had people living on the streets and sleeping in central park, people getting fired, and a lot of people having nothing to eat. During this time since many people was out of work they traveled to place to place looking for a job to feed their families and/or themselves.

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The banks ended up closing due to the lack of money since the money was not actually invested in the banks. The banks closing led to a large wave of unemployment and businesses closing. The Depression

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People lost their savings due to the bank deposits being uninsured. Banks that hadn’t failed almost completely stopped giving out loans. One event that led to the Great Depression that was not a direct cause was the Dust Bowl that occurred in the Mississippi Valley was so large that people could not pay their taxes or other debt they had, which caused them to have to sell their farms for no profit for themselves. People also stopped purchasing items which led to a reduction in the number of items being made and a cutback on staff. The unemployment rate rose 25% which resulted in even less

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For most people, it is difficult to imagine what life during the Great Depression was like, however, due to many resources, both primary and secondary, we can get a glimpse into what living during this time period consisted of. First, the stock market crash caused chaos among the government, bank owners, and the common citizen. Also, the unemployment rate reached the highest it has ever been in the history of the United States and millions of people were left with no source of income. Lastly, many families were torn apart because parents could not afford to pay for the expenses of their children. Overall, the Great Depression was a very difficult time to live through because of the high unemployment rate, lack of money, and because it caused families to split apart.

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After Black Tuesday, America went in a downward spiral resulting in the longest lasting downturn of the time. In the years following, consumer investment and spending dropped. This caused unemployment to go up as well as industrial output. With the production of goods going down the prices went up. Anywhere from 13-15 million Americans were unemployed so it was difficult for people to afford the goods and services they needed.

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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.

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The stock market crashing made a huge impact on the lives of people. Because of this the prices for stocks increased, stockholders lost millions of dollars, the amount of people buying their power decreased, and millions of the people were unemployed. The banks in the area experienced tons of failures which lead people to lose their savings. The people solved their

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The Great Depression is a period of time in which United States had severe economic crisis that occurred around 1930s. Initially, it began in the United States but rapidly spread out throughout most of the world. The Great depression is one of the longest and deepest economic downturn that the commercial and industrialized world has been through in last few centuries. Lasting for a decade, starting from 1929, this crisis led to sharp deteriorations in industrial output, increasing level of unemployment and growing poverty. The great depression led to various consequences in every sector of United States from political to socio-economical.

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The great depression that took place from 1929 and lasted until about 1939 was a severe worldwide economic depression. This was known as the longest and worst economic downturn ever experienced in the industrialized world. Such as wiping out Wall Street millions of investors, consumer spending and investment dropped, and failing companies that laid off workers. By 1933, some 15 million Americans were unemployed and nearly half the country’s banks had failed. Both rich and poor have been affected and things like personal income, tax revenue, profits and prices have dramatically dropped.

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