Causes Of The Great Depression

The Great Depression occurred in a time period when America’s economy was just beginning to form. There were many different causes that lead to the Great Depression such as a new industry for American consumer products, consumerism and consumer credit, and the stock market crash. These three occurrences simultaneously caused the economy to completely spiral out of control.

The Great Depression had a large impact on people’s living conditions. After awhile, people were becoming homeless and living off the streets. Their income dropped because the companies they worked for had no money. Most people couldn’t afford to live in their own house so therefore, they became homeless. People borrowed money to invest in the stock market, then in October 1929, the stock market crashed. This caused an economic bust.

In 2008, an enormous global financial crash had occurred impacting millions of people around the world. It was, according to many people, the worst financial crash after the Great Depression in 1930. One of the main causes of both depressions was people’s lack of knowledge and understanding of finance. Becoming financially literate can allow people to be more prosperous in the future by saving more money and help reduce the chances of falling into a downward spiral financially.

The Great Depression of 1929 in the United States was an economic disaster, seen as a dark reality of the time. Compared to World War I, spread to other parts of the globe. Roosevelt saw the great depression as an enemy of war that invaded the nation (Henretta 2012, 694). America was prospering aboard, but the domestic economy was collapsing which was said a sign of economy decay and showed itself in the mid-decade.

Imagine having no money or stocks, and prices were going up, and there were no open jobs. The Great depression was hard for everyone, they had to deal with market crashes, Herbert Hoover, starvation and other things. Rich or Poor you were affected by the Great depression.

The Great depression was an economic depression in the United States during the presidency of Herbert Hoover which caused the loss on money. The American citizens suffered many consequences for this problem, like the loss of jobs, homes, food, and the Great Recession.

There are many periods that I would like to learn about because all have a very interesting history behind them. The Great Depression however is the period in which I would like to live in because although it was not the greatest period in history we have learned from it. We all know that the Great Depression had many factors that caused the economy to be unstable.It is great that the companies where able to produce more in quantity of their goods but that was not as good when they did not raise the market as well. Having the experience to see how many families had to live through hardship in order to survive with many losing their homes must have been very hard for them.Therefore, it is something that I would have liked to be part of but

The great depression in america which was from 1929 to 1939 was ten years of disaster for the economic’s of America. This economic disaster was caused by the stock market crash in 1929 losing millions of investors. The years before the great depression were amazing things were going so well for america stocks were going magnificently and money was flowing through all lives of Americans until 1929 the crash this was caused by to many people selling at the same time. People sold their stocks because stocks were going way to well beyond the means of people. So when rapid amounts of people are selling and not many people buying it causes the market to crash therefore businesses to crash therefore jobs to be lost then to no income for the people.

The Great Depression was one of the hardest things that many people had to deal with worldwide between 1929 all the way through 1939. The Great Depression was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929 which then wiped out millions of investors. And worst of all by 1933 when the Great Depression reached its lowest point there were 15 million Americans that were unemployed and nearly half the country’s banks failed. Clearly you can see that this was not just a normal recession but the worst economic depression to happen to the world till this day. The Great Depression was caused due to the stock market crash of 1929, the bank failure and finally because of the reduction of purchasing across the board.

The Great Depression, the worst economic depression in the history of the United States, began in 1929. There are many who still question what was the cause of this event, and the truth is that there is not just one factor to point to. Instead a combination of events led to the Great Depression. This said, the main cause of the Great Depression was bank failures.

In the summer of 1929 the American economy started a downward spiral into what would later be known as the Great Depression. Consumers ceased to purchase unnecessary items and unsold products began to stockpile in manufacturer’s warehouses. 6This slowed manufacturing and production. 5Although the companies did not have an increase in value, their stock prices continued to rise. 3Finally, in October of that same year, the stock market crashed. Investors panicked and suddenly flooded the market with their shares. Black Thursday and Black Tuesday, the two most notable days of stock sales, are known for when approximately 29 million shares were sold.

The cause of the “Great Depression” in the United States was mainly about half of the nation’s banks failing, the government overspending during World War I and the unemployment rate increasing by 30 percent which included 15 million people.

The Great Depression was predicted due to more americans buying on margin for stocks in the 1920s and the failure of the banking system. The Stock Market crashed in October, 1929. Essentially, the Great Depression occurred in October 29, 1929 but it had already started in other parts of the world. It led to farming,construction, and industries see their production and prices go down. This would lead to more unemployment and people losing money. The banks were closing down, causing people to gain fear and become unpredictable because their savings were not guaranteed and many had their life savings in the bank, hoping to use it for retirement. It seemed to them that their world turned upside down and had to start all over from zero.

The Great Depression was an economic crisis that was happening through Europe and other areas of the world. It’s presence in Germany was horrific with losing over SIX MILLION men out of work. “The Great Depression was triggered by a collapse in US share prices in 1929.” Followed up by the great impact of ‘The Wall Street Crash’ happened October 1929 that American economy was undertaking. Over 10 years, (1929-1939) a lot of male workers were becoming unemployed and companies were failing with this unemployment. Along with this, many banks throughout all of Germany started to fail and the loss of money was intense. It continued and the stock market began to crash and dropping drastically. The cost of living was at stake and there needed to be reasoning for this disaster.

In conclusion, the origins of the Great Depression, which began in 1929, placed an impossible strain, directly and indirectly, upon the world economy. The economical and financial structure, which had developed during the 1920s, was delicate and many economies were moving into a recession in 1929; therefore, when the U.S. boom broke, the general downfall was inevitable. The weaknesses varied from country to country but problems were closely related; once the Depression began, a domino effect set in and there was no international body or individual state that was able to stop it. The Depression left a deep psychological scar on all nations; even those who were among the most fortunate. The poverty, the insecurity and despair are still remembered