The Great Depression
Prompt: To what extent did the Great Depression impact the United States?
The Great Depression was the biggest economic crisis in the history of the United States. The Great Depression began in 1929 when the stock market crashed. Then came "Black Tuesday" which was on October 29, 1929. This was a period in time that increased the amount of poverty in the country as well as overproduction, and in brought social and economic issues. The country lost control over the people and many were unemployed. I believe it had an enormous impact mostly on the economy which affected the society, rather than affecting the political points of view more, of the country.
The Great Depression caused a significant impact on the economy. Some of the results were poverty, over production, and a lot of credit loans. As shown on the unemployment chart by the United States government, we can see that the rate of unemployment rose dramatically during the Great Depression. Also, in the personal income chart a United States government source, it shows that the income dropped dramatically too. Without any money and a low incentive to produce more goods, many factories began to close throughout the country. When the factories began to close, the workers were left unemployed, or many of the workers endured pay cuts.
The Great Depression not only damaged the economy but also affected the social life of many people. With the uneven distribution of wealth, many families lost their homes and send their children to live a better life with other family members or friends of their families. The children were also affected due to the fact that the parents would tell them they would call or come back, but they never did. Not only was the uneven distribution of wealth, but also unemployment a really big cause of these families breaking up. As stated in document 3, you can see that many unemployed would go to soup kitchens to eat because they had no money at all to pay for food or their house rents. Also illustrated on document 4 it shows how many people moved to California because of the Dust Bowl. Many people lost their farms; all of their plantations got ruined because their soil turned to drought. Many farmers were not able to grow anymore crops, so they had to sell their farms and at a really low price. They would think that at least they would get some money and they would move to a different place and start a new life and not live in poverty like many people in the city. The Dust Bowl really made it harder for many more people especially farmers.
The Great Depression affected politically too but it was a smaller issue compared to the social life and to the economy of the country. During the depression many political movements rose to try to help the economy. This is shown on the Membership in the
July 25, 2013 The Great Depression The Great Depression was a big tragedy that left a lot of Americans out of work and hungry. It affected many people’s lives and a lot of people suffered and even died. The depression lasted roughly 12 years. Many believe that the Federal Reserve Board had many failed policies. They caused a shrinking of the money supply that made economic conditions worse. The stock market crash on October 29, 1929 signified the beginning of the depression and lasted until…
The Great Depression was a very complicated economic depression which had many factors contributing to it. To pinpoint the exact causes of the Great Depression is so complicated because all the factors relied on each other. When one thing went wrong, other things were soon to follow. Over production and under consumption, the stock market speculation, and the inequity of wealth distribution would be considered majors causes that led to the Great Depression. The over production and under consumption…
The Great Depression Table of Contents Final Draft Sources Pictures The Great Depression was a severe worldwide economic depression in the decade before World War II. The timing of the Great Depression varied across nations. But it most countries is started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how far the world's economy…
States history was the Great Depression. This had brought one of the greatest and strongest of countries to its knees. I believe there are three main reasons that contributed to the economic collapse of the United States. New York stock Market crashed, The Dustbowl, and thousands of migrants move to the Northwest. But there are also three causes that helped U.S. recovered from this tragic event. They were Roosevelt’s New Deal, Grand Coulee Dam, and World War II. The Great Depression began with New York…
Many people were affected by the Great Depression. After the stock market crash in 1929, the country changed in a lot of way. Many people lost their jobs because of this downturn in the economy. During the Great Depression practically every person had to adjust to a different way of living than what they were used to. This tells how life changed for all Americans. During this time many children didn’t receive education because many communities had to close their schools down during the 1932-1933…
The Great Depression was a worldwide event that was an economic meltdown. Most people agree that the beginning of the Great Depression was Black Tuesday on October 29, 1929. According to Taylor, on that particular Black Tuesday, “the Dow Jones Industrial Average fell almost 23 percent and the market lost between $8 billion and $9 billion in value.” During this time, there was widespread unemployment, homelessness, a major drop in industry, debt deflation and an 89 percent drop in stock prices…
or have learned something about the great depression and the effects it had on the United States. There are a list of issues the created the great depression, but have we actually thought about it, and tried to understand it before? In the 1920’s the American economy was going strong, for the most part, and the vast majority of Americans had witnessed economic growth, however, stock prices fell, more and more issues arose, and then came the great depression which created uneven distribution of wealth…
Mr. Santomenna APUSH February 14, 2013 The Great Depression and the New Deal The 1930’s was one of the lowest points in American history. The stock market and economy was at an all-time low. As many Americans began selling their stocks, the market plummeted. This caused many people to lose their money and investments due to them buying on margin. During the election of 1932, President Hoover was removed from office and in came Franklin D. Roosevelt. Roosevelt went to work right away and passed…
Akins The Great Depression As we all know, the Great Depression was a severe economic depression. It was world wide and happened in the years before World War II. The greatest of despair for the community that I live in was the years from about 1930 until 1934. My family has lived here forever, just above Tellico Plains in the mountains is a little community called Coker Creek. This is where my family has lived for years and years. Even at the time of the Great Depression. Including my Great Aunt Lucille…
The Stock Market Crash of 1929 led the United States into one of the most unforgettable time periods in history- the Great Depression. During this economic disaster, political, economic, and social institutions were in turmoil. In attempt to solve the corruptions brought about by the Great Depression, actions were taken by the government, various groups, and subtly by individuals. Unemployment levels in the United States reached as staggering 25%. This rate was so high due to the decrease in consumer…
