The Great Depression And Its Effect On Society

Black Tuesday, October 29, 1929 was the official beginning of The Great Depression, the day the stock market crashed. The stock market business was the way of getting rich, now was a way to go bankrupt. The government determined people invested in stocks lost $40 billion. People were so far in debt that they could not pay back the banks. 13 to 18 million people across the world had no work

The Great Depression started in 1929 and lasted up until 1939. It happens to be the worst economic downturn for the United States and the the rest of the world. It caused companies and corporations to eventually go bankrupt as well as workers to be laid off. Another effect of The Great Depression is that factory production was reduced, and the banks started to shut down. In the lowest point of The Great Depression in 1933 nearly 15 million workers in America were unemployed and one half of the banks started shutting down.

"In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope... but as I look around about, I now see nothing to give ground to hope.” This great quote was made by former president, Coolidge. In the great depression people in cities and towns already lost too many jobs. Farmers struggles have already been happening since the 1920s, and farmers tried to do anything to save their farms. However, farmers may have been better off than city folk. The government tried to pitch in multiple times, but did not succeed as people hoped. After the great depression, people were all shaken up and scared. Also Hoover, was not very much liked during this time

In 1929 the stock market crashes due to an unstable economy, over speculation and Government policies. Many people think that the stock crash was to blame for the Great Depression but that is not correct. Both the crash and depression were the result of problems with the economy that were still underneath society 's minds. The depression affected people in a series of ways: poverty is spreading causing farm distress, unemployment, health, family stresses and unfortunately, discrimination increases. America tended to blame Hoover for the depression and all the problems. When the 1932 election came people weren’t very fond of Hoover, but Roosevelt on the other hand introduced Happy Days and everyone loved that idea.

Everyone was affected during The Great Depression, however not everyone was affected the same way. Many of the rich felt no impact and were oblivious to the sufferings of others around them. Forty percent of the country never faced any hardship and the unemployment rate fell below fourteen percent in 1941 and in 1933, Toledo, Ohio’s had reached 80 percent, and nearly ninety percent of Lowell, Massachusetts was unemployed.

Some effects on the american people are. Not trusting the banks as much as they use to, Also they need to store their money in walls which makes it hard to get money back. And food is a option, How would you be able to stay alive if you have no food?, You need to buy food with money. Also the children would leave their family so families wouldn’t have to feed anymore mouths. And sense the dry farm land it causes dry storms or a dust storm a dust storm hit they called it the “Dust Bowl” Because of the bowl like shape and the dusty contains.

The Great Depression was the largest economic crisis after in 1929, and had many impacts on the American lifestyle. From events such as World War I, The Newfoundland Railway, and the global economic recession all played a part in shattering the economy. A mass of unemployment and starvation hit the United States as a tsunami, and the government had few ways to curb the downfall. Without money to fund social services and other programs, the government and banking systems found it difficult to provide for those in need. The Great Depression was valuable for shaping and molding the American economy through hardship, endurance, and grit.

I have been around touring multiple states throughout the country. During my visit I have met a number of people who are hardworking, persistent and willing to help out in whatever way they can. They are all worried though, ever since the great depression has started they have been struggling, not just one but all as a whole. Families are poor, starving, and homeless. Natural disasters like windstorms and floods are also making it impossible for all these people to get up on their feet. Theses are your people, they are the backbone of america, it is hard to see men women and children struggle to gain daily life needs when they should just be essentials. While walking down the streets of Illinois I encountered multiple kids running around

From the stock market crash came the “worst worldwide economic crisis of the modern industrial era” (McElvaine). The Great Depression was caused by the crash in October 1929 (McElvaine). It began in New York and began to spread (“Failed Peace And The Great Depression”). The depression affected all. This crisis led to industrial production to fall by fifty percent (McElvaine). From the lack of production, unemployment struck throughout the United States. In 1933, fifteen million Americans were unemployed (McElvaine). Unfortunately, people now had to wait in bread lines. This led to hunger and poverty (McElvaine). From this poor state of citizens, people could not afford to purchase products (McElvaine). This brought other citizens into the unemployment spectrum. People went from dreaming of being rich to wondering if they will be able to feed and clothe their children (Silberdick 32). Back during the 1930s nothing like unemployment, welfare, or social security existed (Silberdick 33). People had to rely on their $4,000 a year salaries (Silberdick 34). But, the people did not get to spend all of that money. They were usually left with $3.75 in spending money (Silberdick 34). Stores would even take back furniture and goods if the installments were not able to be paid (Silberdick 34). The Great Depression transformed people and left them with

During the roaring 20's America was booming with prosperity. People where dancing, painting art, and creating music. However, they didn't know that in October 1929, the American stock market was going to crash, and Wall Street was going to go into a panic. Sadly, when that day did come, we were not prepared. After the crash, the stock market never really returned until 1939 when World War II was just beginning. From one of the best times in America to the Great Depression, which was the time between 1929 and 1939, America changed forever. After the crash, people panicked and started selling off all their shares in the stock market, but no one else wanted to buy them because they were trying to sell all their shares. Many people lost millions

Poverty. Loneliness. Depression. All of these things were present during the Great Depression. The Great Depression began in 1929, and was the worst economic disaster in the history of the U.S.

Mary has appeared 9 major approved times by the Catholic Church. She appears in times of trouble to urge people to recommit themselves to the church and inspire the conversion of sinners to Christianity.

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.

In 1929, A Yale University Economist Irving Fisher stated. " The nation is marching along a permanently high plateau of prosperity".(5) 5 days later the stock market crashed and the worst economic downturn in American history called the "Great Depression" began. The Depression started in 1929 and would last for a decade until we entered War World II. The Great Depression affected every part of economy and no job was safe. In 1929 unemployment was at 1.5 million and by 1933 unemployment reached over 13 million which meant 1 out of 4 were out of work (3). Some who were successful businessmen before the stock market crash and now selling pencils or apples on the street corners after the crash .Many business closed

What was the world’s greatest economic disaster and left millions of citizens unemployed for years? The Great Depression was a major economic disaster which left the people of the world shocked. Many countries were already left in a bad position due to the effect of World War I. Countries that bought and sold on the international market were affected. The United Kingdom, France, and Germany were just a few of the affected countries that had a difficult time getting their country back to great economic shape.