The Great Depression : History

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 was a major crash in the history of the United States. The crash of the stock market in October 1929 was the significant cause of the great depression. People began to panic and big businesses were not able to handle the outcome. As a result, many companies dismissed workers, which left the workers with no money. People halted to purchase goods and businesses were running in loss. Furthermore, after the world war one, many European nations owed huge amount of money to the United States. The economy of these nations was shattered and had no way of paying back the

The Great Depression was the worst period of economic decline in U.S. history. It began on October 29th, 1929, and was officially declared over, in the year 1939, once the second World War was commenced. There were many factors that both influenced, and made the Great Depression even worse. A few examples of this are: During this time period, many Americans had money invested in the stock market, and once they saw that somebody else began to sell their stocks, they sold their own. On October 29th, people began to sell their stocks at an extremely rapid rate. Due to the rapid rate of stocks being sold, people lost countless amounts of money, and eventually ran to the bank to take out whatever they had in there. However, these banks were

According to Foner the Great Depression was “the greatest economic disaster in modern history.” (Foner, 632) After the stock market crash in 1929, the people of America wound up in a massive amount of debt. The crash began due to a day called Black Tuesday, a day were almost all investors sold their stocks and the prices dropped to eventually become worth nothing. Since there were so many who could not afford to pay for objects, the value went down drastically and employees were eventually laid off from their work with no way of being able to find another one.

The Great Depression was one of the most severe economic situations in the world, and the effects of it were seen all around the world. It started in the late 1920s and continued on until the early 1940s, and it was known as “the deepest and longest-lasting economic downturn in the history of the western industrialized world”. Stock market crashes, bank failures, and much more left America severely inefficient and struck fear into the American people. Unemployment rates went through the roof, millions of people lost tons of money and savings, and American families were greatly affected. The stock market crash of 1929 started the Great Depression, and World War II ended it.

Everything I have talked about in this had a major impact leading up and during the Great Depression. The Great Depression not only affected the US but it was a global disaster. Most people think that the one great cause was the stock market crash. The stock market crashed because of what was already happening. Credit, debt, loans, these all had a huge

The United States had just gotten out of the first World War when the Great Depression hit. The stock market crashing was a primary cause of the Depression. Because companies were over-speculating their stock, people weren’t buying it. This caused a huge crash, the biggest one in history. After this, people weren’t spending as much money on consumer products as they had before the war. This caused a decline in production of goods which in turn led to unemployment. With people out of work, they didn’t have a steady flow of income to support

     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

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

The Great Depression was single handedly one of the worst economic downfall in the history of the Western industrialized world, that is why it is first on the list. It began after the stock market crash which had sent Wall Street to completely panic. Over 15 million people were left unemployed due to the crash wiping out 12 million shares. Since most Americans were left jobless and would not earn money to pay bills, buy food, etc., soup kitchens were put up in various states for the unemployed. The economy kept shrinking down 6.4 percent. The unemployment rate kept rising to a whopping 15.9 percent. Prices fell 9.3 percent since people were not buying. The Great Depression rose a rapid increase in crime rate as the unemployed were forced to steal food to

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.

The Great Depression is the tragic time period from 1929 to the 1930s in the United States of America. During this time, many hopeless Americans were experiencing problems such as homelessness, starvation, impoverishment, and more. All this suffering was caused by several things, like when the Stock Market crashed in 1929, also known as “Black Tuesday.” The stock market crash caused people who would buy on margin to be in debt. People who would even speculate the market caused higher stock prices, inflating the company’s actual worth. This eventually resulted in the stock market crashing, causing a lot of panic and quick sales as people would lose their profit. Another long-term cause is when the banks were starting to fail. Approximately 11,000 out of 25,000 banks failed in the U.S. during this time because businesses and farmers would ask for loans and withdraw more money than they could ever pay back. The failure of the Stock Market and banks meant that people and businesses lost money, couldn’t get more loans from the banks, and were facing serious economic problems. With the promise of ending the poverty, Herbert Hoover beat Al Smith in the presidential election of 1928. Hoover believed in three things as president- voluntary cooperation (the idea that the government can help reach a compromise for people and businesses, but can’t force anything), rugged individualism (the mindset that people should succeed through their own efforts and no government handouts), and

First of all, the definition of the “Great Depression” should be understood clearly before the any further information can be discussed. The Great Depression began in the summer of 1929. In that morning, “the downturn became markedly worse in late 1929 and continued until early 1933.” The real output and prices fell in a straight line which showed the dropping number in an industrial production nearly 47 percent and real GDP (which is Gross Domestic Product) fell 30 percent . The wholesale price index declined 33 percent (such declines in the price level are referred to as “deflation”). Although, the government had tried to prevent the unemployment rate at one significant, the rate still exceeded 20 percent at its highest point . Because of no job, money became the most valuable that they did not want to spend. Though, it was the reason that led to the failure of

The Great Depression is known as the worst economic slump in North America, Europe and other parts of the industrialized western world. In October 1929 the stock market crashed resulting in a nation wide panic on Wall Street where investors were severely damaged financially. Investments and spending declined drastically as unemployment rose to affect 13- 15 million Americans.

Today, still there is a minimum understanding on what caused the Great Depression, although there are many theories. In the Unites States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into great panic and wiped out millions of investors. Also many banks failed and went bankrupt, others were forced out of business when depositors began to panic and withdraw money. Furthermore, these failures and panics almost completely shut down the entire country’s banking system. In 1929, there was an increase in the amount of poor people, which led manufacturers to lay off thousands of people, thus creating a greater amount of poor people. The industrialized world was still new, and not everyone knew how to handle it. For instance, farms began to fail because they were producing too much for such a low price; and eventually due to nature these farms began to dry