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. The dust bowl, was a massive drought that began in 1931 and lasted for 8 years. Farmers, ranchers, and their families suffered more than any group other than the African Americans during the depression. “Black blizzards,” of dirt blew across the landscape and created a new illness known as “dust pneumonia.” Dust storms rolled through the Great Plains, creating huge, chocking clouds that
Based on this photograph, the Great Depression had severe effects on many Americans. In this picture, many men are depicted standing, waiting in a very long line outside a restaurant. The line is crowded and very lengthy, and it probably took a very long time for the men to get to the restaurant. Document 4 Based on this document, the Bonus Marchers went to Washington because “they needed their money now.” These men, mostly ex-soldiers, were starving and desolate, and they simply needed money to survive.
The Great Depression, which lasted from 1929 to 1939, was the worst economic depression in the history of the United States. The stock market crash of 1929 signaled the start of the downturn and the coming of the Great Depression. This speculation and stock market crash acted as a trigger point for the already unstable U.S. economy. Thousands of people went bankrupt because they had lost their working capital in the stock market crash. Thus, the rich stopped spending on luxury items; the middle class stopped buying things on credit.
There are some main causes The great depression, first in 1934 per week They made $ 4.80 per week and They paid $ 3 by The incomes of Their Homes, all that happened to Birmingham Alabama in 1934, in Chicago everything rises for The men and The women for the food , And then spent $ 1.10 that was spent on food in stores, The three cases are The three cases were The financial downfall, low wages, and unemployment.
The two sources are both primary because they are documented letters by individuals who wrote letters to prominent people in certain positions of authority during the “Great Depression.” The first letter was written by a taxpayer from Hornell, New York March 7, 1934 and the other letter was written by a male (D.B.P.) during the timeline reference of 1929-1939. The questions the first letter raises are about the relief agencies in the United States and the possible need for investigation of the type of work the agencies were performing. The other questions dealt with are the agencies giving relief to ignorant foreigners who might not be citizens deserving of assistance because they were here in the United States by illegal means. The first letter considering the frame of reference during the time of the “Great Depression” of 1929 – 1939 digressed toward immigration and
“At one point in the Depression, the cupboard was literally bearing of money.” What effect did the Great Depression have on the people who lived through it? The jobs they had, how they had to use their money, and the help they had to get.
The Great Depression was a horrible event for all the countries that were affected. It had many reason it caused a downfall to the economies worldwide. One of the reason was the Stock Market Crash of 1929 that made that led to the Great Depression into losing more than $40 billion dollars. Bank Failures -was another reason. Americans in that time suffered greatly due to the financial crisis to have economic support.
Historians argue what caused the Great Depression, some say it was due to the stock market, others say it may be the war debt or overproduction. To believe the Great Depression was caused by only one event is naive. It was caused by a multitude of problems that the government failed to fix.
The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.
In America, the years 1929 through 1941 were not necessarily the brightest years the country has seen, but certainly should not be forgotten, and here’s why: during the Great Depression, one may say the true colors of the nation, showed through. As people lost money and unemployment rates skyrocketed (seen in document 1), companies were picky as who to hire, usually hiring the average white male over any other minority (women included). On the other hand, however, many people came together as a community and helped restore America to its former glory.
The Dust Bowl also known as the dirty thirties was a major crisis that happened in the United States in the 1930's. Drought struck over the Midwest causing their crops to perish and eventually making a majority of the farmers go into poverty. Thus causing them to flee from their homes and their belongings. looking for opportunities elsewhere. Some walked, some took the train, and some drove if they were fortunate enough to afford one. There are many different primary sources that picture this crisis which all lead to the conclusion that it was a devastating era in the Midwest and filled with misfortune. A few primary examples are as follows.
Since the founding fathers signed the Declaration of Independence, the United States of America has experienced a great amount of changes from then to now. One example of change in America occurred during a time of great prosperity. In the 1920’s America experienced a time of enjoyment and where no one fretted over money. However, after the stock market crash in 1929, America entered the Great Depression, forever altering history. The Great Depression caused many people to lose their jobs and many people did not how to get their next meal. This was a time of great change. Another change occurred when the United States came out of the Great Depression, a time of great suffering, into World War II. The second world war caused America to stop
The Great Depression time period took place between the years 1929 and 1939 and it affected millions of Americans through all its time. Several people like Herbert Hoover, Franklin Roosevelt, and Dorothea Lange served an impact during this time. The stock crash of this time period left a decade of consequences for the lives of many Americans. The economic plumet of the 1930’s can also be related to our economic standings today.
The Great Depression went from 1929 to 1939. It was a very long and difficult time. Everybody was affected. It was a long and difficult time where everybody was affected. Nobody had jobs so kids didn’t have the money to go to school.
Imagine this. You wake up one morning in the year 1929, in your luxurious, pricey mansion. You then make your way downstairs to eat that nice big breakfast. Then you kiss your family good bye and head off to your fancy job. You come home that evening and suddenly you’re flat broke. Meaning all your money and life’s savings vanished. Unreal right? Well it was real for hundreds of families on October 29, 1929. The day the stock market crashed and when America’s confidence was challenged greatly.
The America in the 1930s was drastically different from the luxurious 1920s. The stock market had crashed to an all time low, unemployment was the highest the country had ever seen, and all American citizens were affected by it in some way or another. Franklin Delano Roosevelt’s New Deal was effective in addressing the issues of The Great Depression in the sense that it provided immediate relief to US citizens by lowering unemployment, increasing trust in the banks, getting Americans out of debt, and preventing future economic crisis from taking place through reform. Despite these efforts The New Deal failed to end the depression. In order for America to get out of this economic