How Did The Great Depression Affect America

A document which supports why bank failures were a cause of the Great Depression is document 4 which states, "First of all let me state the simple fact that when you deposit money in a bank the bank does not put the money into a safe deposit vault. It invests your money in many different forms of credit-bonds, commercial paper, mortgages and many other kinds of loans.'' (Doc. 4 Franklin D. Roosevelt). From this it is shown that the president at that time, Roosevelt, clearly states that the banks were "playing" with the money of the U.S. citizens. This comes to support the prior information because the banks were in fact not keeping the lifesavings of the public safe but instead investing it for their own benefit.

Primarily, the Great Depression left millions of people with a lack of money. The Great Depression initiated a serious decline in the world economy which caused businesses to go bankrupt and banks to shut down. In the 4th paragraph of source #1, Hastings states, "With no dependable income, we cut back on everything possible." Victims of the depression had to do everything they could to save money to prevent being stuck without it. This was a serious problem, as described in the 8th paragraph of source #3, "I see millions lacking the means to buy the products of farm and factory.

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.

After a while, many businesses went bankrupt, leaving business owners with bills that went unpaid. Luckily, after World War I ended, America had become one of the world’s leading creditors. By this time, Americans, with full confidence of being prosperous forever, were increasingly investing in stocks. Unexpectedly, in the days of 29 October 1929 the stock market had crashed. Banks that had invested heavily on stock market and real estate now had lost most of their money. There is only little money left in the country by now; the period of Great Depression had arrived

The Great Depression was a terrible event for the U.S. This is because of how during this time farmers were hit with a drought, stock markets collapsed, and millions of Americans were unemployed. The great depression affected Americans greatly because of how it destroyed their economy. To begin with, the stock markets crashed and many banks closed. The author states in "The Stock Market Crash", "Since many banks had also invested large portions of their clients' savings in the stock market, these banks were forced to close when the stock markets crashed.

    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 affected many Americans; Many bank failures and debt lead to the disastrous economy of the US and the globe. This was also a time of extreme prejudice, especially for black americans. People of colour were drastically punished in comparison to the white population during the Great Depression.

When FDR took office, the United States was experiencing one of, if not the worst, economic depression. Labeled the Great Depression, FDR knew that extreme government policies would need to be implemented to combat the problems that existed. To do this, FDR’s “New Deal” policies did just that. Whether it be the Social Security Program or any other aspect of the New Deal, the response was highly effective. In fact, many programs from this time are still in use today, showing just some of the ways that the role of the federal government was changed due to the presidency of FDR.

The Great Depression, was the worst economic downturn in American history. Many Americans believe that the only cause of the Great Depression was the stock market crash of 1929. There were several causes of the Great Depression.As it started to get worse and worse by 1933 it reached to rock bottom.Nearly 15 million americans were unemployed.Also at this time almost half of the banks were closed.Meanwhile lots of people blamed the president at the time,Herbert Hoover.Although all of the struggles the americans went through it really shaped our country now.We learned from the mistakes and overall we are a better country

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 United States encountered many ordeals during the Great Depression (1929-1939). Poverty, unemployment and despair clouded the “American Dream” and intensified the urgency for solutions to address and control the nationwide damage. President Franklin Roosevelt proposed the New Deal to detoxify the nation of its suffering. It can be argued that the New Deal was ineffective due to the inability to end the Great Depression with its short-term solutions and created more problems, however; it was successful in regards to providing direct relief for the needy, economic recovery and some structural reform for the majority of the general public in the severity of the Great Depression.

The Great Depression started in 1929- 1939, it was the deepest and longest - lasting economic downturn when a stock market crashed. Many people have lost their jobs and they couldn’t afford bills. Birth rates dropped because people could not afford to care for children, and divorce rates dropped because people could not afford legal fees. The Great Depression caused many effects on the American people.

A national disaster in American history, the Great Depression of the 1930s had an enormous effect on the entirety of the United States population, and was not specific to any race or gender. The Great Depression, as its title suggests, was a long period of economic struggle in America, lasting from 1929 to 1933, caused by numerous factors such as the crashing of the stock market and the end of technological

Sleepless nights, drowning debt, suicide attempts, and the inevitable fall towards unemployment. These are the things that not only make up but almost define the title “The Great Depression.” The Great Depression was a collapsing disaster. One after another, the government along with society fell to their knees. Stock markets crashed leaving most Americans bankrupt and on their own to support themselves and their families off of loose change. Jobs were as rare as ever, people went unemployed left and right. People were left to fend for themselves on the streets

Imagine waking up one morning, only to find out that all your investments and savings are gone. So if your bank that you invested all your money in collapsed, you didn’t get any money back. This is what happened to millions of Americans during the 1930s. This era was called the great depression.