The Cause Of America's Great Depression

The Great Depression, which lasted from about 1929 to 1939, began when the American Stock market bottomed out. Even though only three present of Americans had money in the Stock Market, banks at that time were allowed to invest in the stock market . Therefore many banks fell , which included the loss of many American’s banked money. Factories shut down, and businesses closed, unemployment was reported at 25%, but in areas the experienced the Dust Bowl, this number seems optimistic. America caused a global depression as well.

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 an economic collapse that began in 1929 and ended in 1938. During the Depression most citizens went through hardship .Three main causes of the Great Depression were the stock market crash of 1929, the Dust Bowl, and Bank failures.

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 causes of the Great Depression in the early 20th century is a matter of active debate between economists. Although the popular belief is that the main cause was the crashing Stock Market in 1929 caused the Great Depression, There were other major economic events that contributed just as much as the crash, such as American’s overextension of credit, an unequal distribution of wealth, over production of goods, and a severe drop in business revenue. As these events transpired the state of economic crisis in the US began to skyrocket.

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.

The Great depression started October 24, 1929. The stock market started at 305.85 and it was decreasing 11% through out the day. When Monday came around it decreased another 13% finally when it came to Black Tuesday is when it went down hill. It dropped another 11% and around 16 million shared were sold

Unemployment skyrocketed up to its peak of nearly twenty five percent of the population. Added to this was the series of dust storms terrorizing the mid-west. These storms destroyed most crops and left farmers destitute and homeless. This resulted in a mass migration of mid-western farmers moving west to areas such as California to find work. These farmers became to be known derogatorily as "Okies." Newly elected President Roosevelt began immediately to put programs into affect, which would halt the effects of the depression and aid those who were suffering. These programs became known as the New Deal. The purpose of the New Deal was to provide jobs for the unemployed and offer relief to the distressed. Programs such as the Civilian Conservation Corp (CCC) and the Works Progress Administration (WPA) put millions of people to work building roads, dams, and other public works. One of these government programs was called the Farm Security Administration (FSA). The FSA was an agency intended to fight rural poverty during a period when the poor agricultural climate and plunging national economy was causing many rural farmers to leave their farms and homes to find work. The FSA also hired photographers as part of a public relations campaign. These photographers documented the lives and conditions of many of these stricken peoples.

The Great Depression occurred in 1930, a result of the stock market crashing. By 1932 25% of American people were unemployed and heading towards a poverty life style. Unable to pay mortgages, having no heat to heat their home during winter season, and not being able to provide food for their family. Industries had to close a result of over production, due to people unable to pay for consumer goods. The depression caused by chain of events of with effecting another that reflected tremendously on the American people.

To start, there were several causes of the Great Depression such as overproduction and the uneven distribution of wealth. However the major cause of the depression was the crash of the stock market in 1929. Once the market crashed Americans went into a panic. Millions of dollars worth of stock gone in the matter of seconds.With millions of Americans panicking and worried about their money they took all of their savings out of banks in fear of the banks crashing and losing their money in order to

Federal Emergency Relief Administration (FERA) had some objectives like the capacity for measures of relief and the provision of jobs. Agricultural Adjustment Act (AAA) helped farm prices become fair, and also the Works Progress Administration (WPA) made roads, buildings, and bridges. CCC or the Civilian Conservation Corps was put up in March 1933 which gave men the job to create state parks. These were some of the most successful New Deal programs.

The Great Depression was a decade of poverty for many United States citizens. Starting in 1929, The Great Depression was a rough time not only for the U.S. but for many other countries. There are many causes for the Depression but the main cause was the combination of the greatly unequal distribution of wealth throughout the 1920's and the extensive stock market speculation(Gusmorino, 1). Other causes were the unsteadiness of the stock market, short signed economic policies, overdependence on mass production, consumer spending, advertising, welfare capitalism, and high tariff. The effect on the country of the imbalance in the economy threw the U.S. into an era of negativity.

James E. Faust once said, “As a young man, I lived through the Great Depression, when banks failed and so many lost their jobs and homes and went hungry. I was fortunate to have a job at a canning factory that paid 25 cents an hour.” The great depression was an intense time of poverty and the biggest economic fall in American’s history. The great depression happened because of the stoke market crash on October 29,1929 in the United States during republican president Herbert Hoover and other leaders, which cause Wall Street into a panic and wiped out millions of investors. By the time the stock market crushed, the ruin of the American economic system was revealed. This crash had a big affects throughout the rich people as well

There are various factors that led to the Great Depression. To begin, the lack of bank regulation was a big factor. The Federal Reserve Act which made banks have money on reserve, was not enforced. Another big factor was easy credit, Easy credit made it easy for people to get money out the bank without having the money to pay it back. Furthermore, the reduction in purchasing across the board can easily be said to be another key factor. With the stock market being down many people within every social class stop purchasing items. Which would cause a decreased not only the number of items being purchased but also the loss of people jobs. Many people had thing on layaway, so usually they would just pay for it monthly. However once they lost their

There are many various causes of the Great Depression but historians believe the greatest contributor was the stock market crash of 1929 . On Black Tuesday October 29 stockholders lost more than 40 billion dollars , everyone panicked and sold their shares all at once leading to a massive collapse. This affected everyone all around the world. With the stock market crashing, people feared further economic woes so they stopped purchasing goods. As you could predict the reduction in items produced led to a reduction in the workforce