Great Depression: A Negative Effect On American People

The Great Depression first started as early as 1928, but did not affect the United States until 1929. The Great Stock Market crash started the event of the Depression here in America, but was not the main cause to why it happened. During the early stages of the depression, President Hoover failed to help the economy and continued with his belief system of giving people the least help they needed, so they can earn themselves a rightful spot with pride, not with government’s help. The Great Depression was a very intense experience for us, even until today, the

The Great Depression was caused by the stock market crash in 1929. The Great Depression was very sad time for Americans, who faced many adversities which ultimately changed the way they lived. During this period of time unemployment rose to nearly 25% of the population, those who did not lost their job saw a dramatic decrease in their pay.

The Great Depression started in 1929 and lasted up until 1939. It happens to be the worst economic downturn for the United States and the the rest of the world. It caused companies and corporations to eventually go bankrupt as well as workers to be laid off. Another effect of The Great Depression is that factory production was reduced, and the banks started to shut down. In the lowest point of The Great Depression in 1933 nearly 15 million workers in America were unemployed and one half of the banks started shutting down.

The thousands of people trying to get their money back at the same time caused the banks to malfunction resulting in the closing of many banks. The result of closing banks causing a chain of reactions from people losing their money to factories overproducing. In addition, it also cause an huge increase in unemployment percentage shown in the bar graph in document 1, a primary source, Historical Statistics of the United States. As the years progressed after 1929, the percent of unemployment increased from 3 to high as 24 percent. The problems got worse as more problems began to built such as the election of the Herbert Hoover. Herbert Hoover did very little to help Americans because he thought they would get better just like his childhood. Another problem during the Great Depression is personally explained in document 3, a secondary source, an excerpt about Vera’s life during the Great Depression. Vera faced the problems of the typical American during the Great Depression, which were getting kicked out of her apartment to the inability to afford food. This excerpt describes the life of the average American during the Great Depression. Many

The Great Depression transformed American society and the way people thought about themselves and their relationship to the country. During this horrendous time period, many people lost many important pieces in their lives like money and jobs. Millions of families lost their savings as many banks collapsed in the early 1930s. They were unable to make rent payments or mortgage and many were removed from their apartments. The Great Depression challenged American families in vital ways, placing great economic demands upon families and their members.

The Great Depression was a devastating time for many Americans. From 1929 to 1932, the US experienced an economic downturn that was calamitous to the lives of many people. Millions upon millions of Americans lost everything when the stock market crashed on October 29, 1929. After exiting an era that left people living a life of luxury, the stock market crash came as a surprise. As a result of the stock market crash, many became unemployed and many families were being forced to close their businesses. Although there were many factors that contributed to the cause of the Great Depression, the three main causes were The Stock Market Crash of 1929, high unemployment, a decrease in consumer purchases due to being “stuffed with stuff” during the roaring twenties.

Many people were poor in the great depression. Your parents would have lost their jobs and money because many businesses went out due to the stock market crash. You would have lost all your money because due to the stock market crash, various banks went out of funds then closed. The Americans lost so much money.They lost 30 million dollars when the stock market fell.

The Great Depression in the U.S history was a time where there was very little jobs and some money. Banks had very little money so most people couldn’t get money out. It was a hard time in U.S history for people when this was going on. The stock market crash a horrible time for people when they had some money and very little jobs. Franklin D. Roosevelt tried to help by creating The New Deal. The great dustbowl affected farmers and the change in farming affected the economy. In the novel To Kill a Mockingbird, the author Harper Lee illustrates The Great Depression was a worldwide economic slump of the 1930’s.

The Great Depression changed the lives of people who lived and farmed on the Great Plains and in turn, changed America. During this time period, many farmers ran out of business because no one could buy their products since many people were out of money.

    The Great Depression significantly affected Americans lives, and even everyday activities. The unemployment rate reached an all time high for this time period. Instead of waking up to go to work, Americans were forced to search for jobs all day long because workplaces could not afford to to keep people employed.

The Great Depression, was caused by a number of weaknesses in the economy. It begun with the dramatic crash of the stock markets, bank failures, and unemployment was approaching 15 million people, or 30% of the workforce. 1/3 of the farms in the state of Mississippi changed hands because of foreclosure. Farmers, couldn’t sell crops because of over production.

Money markets slammed on October 1929 and this is what caused the Great Depression to happen. For a length of time the country was at the point where signs of troublesome were shown such as joblessness; which turned out to be a gigantic issue for the Americans as well as for different nations. “By 1933, unemployment was at twenty-five percent” (FDR). Never had the highs been higher and lows been lower for the economy. With cash going away individuals started to live in hardships with no real way to earn money. Hoover being president at the time, had great hopes for the economy of America, once this catastrophe hit he was not necessarily blamed for the troubles happening. The nation reacted to The Great Depression in many ways. People were let down by President Hoover which effected the economy, children began to impact society, and families fell apart. Some people turned to music, while others turned to violence.

     The Great Depression was a huge economic downfall in North America and involved many other industrialized countries of the world. The Depression began in 1929 and lasted for about ten years. Millions of people lost their jobs along with many businesses going bankrupt. The common misconception of the Great Depression is people think that the stock market crash was the main cause for it. There were many causes for the Depression; unequal distribution of money during the 1920’s was the main cause of the Depression. This unequal distribution happened on many different classes of people. The imbalance of money is what created such an unstable economy. The stock market was doing much worse than people thought

“Shrunken perhaps by the vicissitudes and exigencies of the times, Broadway presented itself admirably throughout the Thirties. It not only managed to preserve the best, but also nurtured and expanded them. At the brink of the new decade, Broadway stood smaller but brighter”

The Great Depression is a defining moment in time for not only American, but world history. This was a time that caused political, economical, and social unrest. Not only did the Great Depression cause a world wide panic, it also caused a world wide crisis unlike any before it. This paper will analyze both the causes and the effects of the Great Depression in the United States of America.