The Causes And Effects Of The Great Depression

The Great Depression lasted from 1929 to mid 1940s. It was a time of misery and suffering for everyone around the world. The stock market crash caused millions of people to end up without a job and hungry. Up to 7 million people worldwide lost their lives. This devastation made many families start over and begin again.

During the Great Depression most citizens went through hardship.Many citizens became homeless and were called hobos. Hobos are homeless vagrants who wandered in search of work. They were mainly the farmers that lost their land and people whose banks shut down. During this time over two million people rode the rails because it was one of the main ways to travel long distance. The homeless built shanty towns and called them Hoovervilles. They were called Hoovervilles because their President

The Great Depression 1929-1942 was the economic downturn. On October 29, 1929 the stock market crashed wiping out millions out of work. The economic slowed down and then it shrinked in size. It then progressed to a recession and then to a panic. This progressed over the years and a series of bad decisions to slow down the economy into depression. Which then led to WWII.

The Great Depression was the worst economic setback the U.S. has ever endured. It lasted ten long years from 1929 to 1939. It caused severe unemployment, the stock market to crash and massive deflation. The three main causes of the depression were the shutting down of banks, unwise consumer practices and the failure of the farming industry.

The Great Depression caused a deafening blow in the economy of America as people raced to the banks to withdraw their money many banks went bankrupt and had to close down their doors. The people soon were out of money and with no money the consummation of products decreased, as companies had less people

Few Americans in the first months of 1929 saw any reason to question the strength and stability of the nation's economy. Most agreed with their new president that the booming prosperity of the years just past would not only continue but increase, and that dramatic social progress would follow in its wake. "We in America today," Herbert Hoover had proclaimed in August 1928, "are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us."1

The Great Depression was a dreadful worldwide economic depression that occurred in the 1930s and it was the most profound and longest depression in the American History, which lasted from 1929-1939. Although the Great Depression began soon after the crash of the stock market in October 1929, it is too straightforward to say that that was the major cause of the Great Depression. This crash did not by itself cause the Great Depression. Even before the year 1929, signs of economic trouble had become evident. (Give Me Liberty! An American History, 5TH Edition, Eric Foner, Pg 811).

Many people think that the Great Depression was caused solely by the stock market crash. Anybody who tells you this probably didn’t pass U.S. History in high school. The fact is, the Great Depression was caused many different factors. Four of which were overproduction, uneven distribution of wealth, protective tariffs, and the four “sick industries” of the 1920’s.

Many people speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash. The effects were detrimental beyond the financial crisis experienced during this time period.

The Great Depression to place in the 1930’s, wreaking havoc on America’s economy. It cause unemployment, poverty, homelessness, and a loss of a lot of money, including people’s life savings. Many things lead up to it, but one of the main ones was the stock market crash. People believed that the stock market was as stable as could be, but it was very inflated and it crashed. People invested a lot of their savings into stocks as what was considered a smart move, yet as corporations reached their limit, everyone pulled their money which caused it to crash. The release of “one-time buy” products also lead to the crash, because people would buy new products you only needed one of, and once everyone had them, companies didn’t sell as much, therefore making less money, therefore forced to cut costs, which meant laying people off. This is what lead to the high unemployment rates. People blamed this depression on the president at the time, Herbert Hoover. They ridiculed him, by calling shanty shacks hoovervilles and leaving their empty pockets inside out, calling them hoover flags. The public was more than happy when Franklin D. Roosevelt came into office. All that American denizens wanted was to make it out of the hard times, make changes in the government, and get help from them. Unlike Herbert Hoover, FDR took a more hands on approach, giving direct aid to the public. Hoover believed in rugged individualism, expecting that people should be able to work together and get through

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.

The great depression was one of the worst economy issues we have ever had in history. It was a hard time for everyone. The great depression started in 1929 till 1939. Tons of banks closed down and about 9 million savings accounts were lost. Tons of companies and factories went under. About 15 million people were unemployed.

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

The Great Depression is a period synonymous with excruciating poverty and darkness worldwide. It can be said that an undeniable impact was felt upon all of the world’s nations - although it can also be said that not all countries were affected negatively. At the time, the majority of the powers of the world were - for the most part - all very much entwined both politically and economically. Thus, the research from this point on will cover not only what caused the depression, but how it impacted each of the major powers of the Asia-Pacific, those being; the United States, China, Japan, and Russia (the former USSR). An in depth analysis of the Great Depression reveals that the United States suffered huge losses, while China, Japan, and the Soviet Union were relatively unaffected.

2- The great depression was a combination of four crises: economic, environmental, political and cultural. Extraordinary Depression, overall monetary downturn that started in 1929 and endured until around 1939. It was the longest and most serious discouragement at any point experienced by the industrialized Western world, starting major changes in monetary organizations, macroeconomic approach, and financial hypothesis. Although it started in the United States, the Great Depression caused exceptional decreases in yield, serious joblessness, and intense collapse in practically every nation of the world. Its social and social impacts were no less stunning, particularly in the United States, where the Great Depression spoke to the harshest affliction looked by Americans since the Civil War. The monetary effect of the Great Depression was tremendous, including both extraordinary human enduring and significant changes in financial approach.