How Did The Great Depression Affect The Economy In The 1930s

The Great Depression was a dark time in American history that lasted from1929-1939. It began after the Stock Market crashed on October 19, 1929. According to A Biography of America: FDR- The Great Depression, “It was the deepest and longest lasting economic downturn in American History” (A Biography of America). As a result of the Great Depression one out of every four Americans was out of work. The Great Depression resulted in a life for Americans that was plagued by overproduction and under-consumption of products, starving families were forced into bread and soup lines, and thousands of agricultural workers became migratory workers in order to survive.

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 began in 1929 with a dramatic event called that Wall Street Crash. This led to the failure of banks and businesses all over the United States. Millions of people lost all their savings and their jobs, and thousands became homeless because they could not afford to pay their rent. Some homeless families lived in shacks made of cardboard. Others took the road to look for work. (Bingham J.) As it could be imagined it was very disheartening to many as losing everything that was worked hard for. Many events took place during this time, like the Stock Market Crash, The Dust Bowl, The New Deal and also Prohibition that changed the outcome of what people could and couldn’t do.

The Great Depression was the result of life during the Roaring Twenties. People heavily valued materialism and hedonism which in-turn made many people try to find a way to gain a large amount of money in a short period of time. As more and more people were intoxicated with greed and selfishness, they became more careless through their actions and made many mistakes. These mistakes led to the

    The great depression was a time where unemployment was at an all time high and to add on to it people in the great plains faced another problem the dust bowl. In the great depression many kids from all over the country were told or felt like leaving their home because of hard time that have faced their homes because the money was scarce. So they road the rail looking for work and trying to make money for the family. These were kids that were faced with hardship and having to worrying about where their next meal was coming from, they didn't know were they were going or what they would spend the night.

One of the most devastating times in United States history was created by a multiplicity of avoidable events and reckless practices that all came together to halt all economic progress. This time was the Great Depression. On surface level, it is easy to assume that the Great Depression resulted solely from the huge 1929 stock market crash, but while the crash played a large role, the Great Depression was caused by multiple other factors which built upon each other to such a height and eventually implode the economy of the United States. Before the Great Depression, there were simply too many daredevil economic decisions made by millions of people that made blind leaps of faith into the market. If the market crashed, they were doomed, but the idea of getting enormous returns on their money blinded them from

Everyone knows about the “roaring 20’s”. Some people may only know about the 1920’s through Scott Fitzgerald's The Great Gatsby, where it was described as a time full of lavish parties and fancy dresses. But of course the parties were not all that was to be remembered. Some of the nation’s most memorable moments happened in the 1920’s. From Chicago to Springfield, Illinois had a lot of action in the 1920’s.

The Great Depression started around 1930 when the stock market crashed in 1929. This meant that all banks and investors around the U.S. had went into a downward spiral, crippling the financial support of any business that had stocks/bonds were basically run into the ground since they had no income, nor could they sell anything since no-one had the money or credit for it. Companies had to lay off most of their employees since they had no currency to give for their wages, leaving thousands of people out of work and in poverty. The ones laid off had to live off the land and agriculture. This was very difficult since the dustbowl was going on during this time as well. Growing crops while multiple feet of dust are being blown around is highly difficult.

The Great Depression was a defining moment for the United States. The American viewpoint permanently changed. Even decades after the end of the Great Depression the long-term effects could be seen in the behaviors of those that lived through it. When World War II started it shifted the focus away from the depression, the world needed saving. When the war ended memories of the depression returned and fear of the world falling into the wrong hands turned into a concern over a return to the depression.

     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

There were many factors that caused the Great Depression. But one of the main causes of the Great Depression was the farming conditions. Before the Great Depression life was great! The American life was starting to get better and better. But In the early 1930 's soil was reduced to dust and eroded, because of drought and improper farming practice. This period of long, stressful farming conditions was known as the Dust Bowl. It led to the increased number of deaths in the 1930’s. The Dust Bowl has some major effects on the U.S. such as death, people unable to pay taxes and people were unable to purchase food.

The Great Depression was a severe worldwide economic collapse that occurred in the 1930s. It was a pivotal moment in American history. Its effects were not only felt in the United States, but spread worldwide. In response and as an attempt to rectify the calamity, President Franklin D. Roosevelt launched a set of federal programs called the New Deal.

During the Great Depression, thirteen million Americans lost their jobs, one million families lost their farms, 273,000 families were evicted from their homes, and four thousand banks closed (“The Great Depression Facts”).The stock market crashed on October 29,1929. This caused an abrupt panic all throughout Wall Street. Due to this event, investors were forced to quickly withdraw their shares.This extreme loss lead to an even greater economic collapse. Ultimately, this caused citizens to flood their nearby banks with distress. The surprising amount of withdrawals made banks begin to lose the money that they had (“The Great Depression”). The Great Depression brought a downfall to the economy, made the citizens of the US feel hopeless, and challenged American families.

The period between the stock-market crash of October 1929 and the bombing of Pearl Harbor in December 1941 was dominated by one of the worst economic crises in American history. One observer called the 1930s "years of standstill," when "everybody and everything marked time." The confidence of Americans in progress and prosperity, so marked during the 1920s, suddenly vanished. But hard times were not new, and many Americans had suffered even during the prosperous 1920s, especially workers in textile and mining industries. Unemployment had risen from 1.5 million in 1926 to nearly 2.7 million in 1929. During the 1920s millions of Americans were forced off farms by deflated crop prices, soil depletion, and farm mechanization. Yet the Great Depression

From 2008 to 2010, a recession plagued the United States’ economy. Although occurring from dissimilar causes, this recession reintroduced research and discussion on the source and length of its nearest equivalent, the Great Depression. The Great Depression was the most severe and damaging occurrence to affect the world since the beginning of the 20th century (Tavlas). Modern economic views on the Great Depression of the 1930s differ considerably; however, there exists a consensus on the idea that the Depression was worsened by elements such as inflexible wage rates, augmented labor costs, and the distribution and consumption of labor resources. In many eyes, the government was to blame, especially regarding the New Deal, a legislative platform that encouraged greater collective bargaining, a legal minimum wage, and unemployment insurance.