The Great Depression Of 1929 In The United States

The United States signaled a new era after the end of World War I. It was an era of hopefulness when many people invested their money that was under the mattresses at home or in the bank into the stock market. People migrated to the prosperous cities with the hopes of finding much better life. In the 1920s, the stock market reputation did not appear to be a risky investment, until 1929.First noticeable in 1925, the stock market prices began to rise as more people invested their money. During 1925 and 1926, the stock prices vacillated but in 1927, it had an upward trend. The stock market boom had started by 1928. The stock market was no longer a long-term investment because the boom changed the investor’s way of thinking (“The Stock Market

At the beginning of the 1920’s, the United States was beginning to recover the economy now that World War I was over. During this decade, America became the richest nation in the world. The 1920’s, also referred to as the roaring twenties, was a period of dramatic and social change. More Americans during this era lived in the city rather than on a farm. The nation’s wealth doubled throughout the roaring twenties, and lead the Stock Market Crash of 1929 where the Great Depression followed after this time period. This time period was known as a noisy period categorized by fast changing lifestyles, final extravagances, and the technological progress. This era made a big impact on the fashion world, especially women’s fashion, hairstyles, and

There was a steel mill company created in the 1900 in Gary by a president of the United States name Elbert H. Gary it was named after him. The steel started getting popular because everyone nationwide was using it to build railroads and homes. There three things they used to make steel such as iron ore, limestone, and coals. There was variety of coals that was used but the only one they use was called coke they had to burn a fuel that turned into coke. In order for them to make it, they had to make the coke burn at an extremely high temperature so they can produce it to melt big quantity of limestone and iron ore.

October 29, 1929, would be the start of one of America's worst epidemics. The Great Depression was a time in America where the economy and American lifestyle completely crashed. This depression impacted the workforce of the time greatly, causing people to lose jobs and soon go homeless.

2.)The Great Depression began in the 1920s and was commonly known as the ‘roaring 20s’. This term is used to describe the general prosperity of this period. Corporate profits increased and consumerism expanded, but a large portion of the population was suffering terribly. The agricultural section of the population was impacted greatly. Farm income was sluggish and the housing market was depressed due to low wages. The economic gains of this period were unevenly distributed, which was the main cause of the Great Depression.

Overall description of the group (demographics: education, income, location, marriage, children, etc., percentage of the population)

The Great Depression in the United States triggered when the American stock market crashed, causing America’s economy to have a downturn. The two long-term causes of the Great Depression were the stock market and consumer spending. When the prices were rising and wages became stagnant, people started to buy with credit and slowly reduced the amount they spent. The stock market was one of the long-term causes of the Great Depression because of speculation and abusing the stock market. Speculation is when the stock prices began to rise and it inflated a company’s worth. People also began to buy on a margin, which led to copious amounts of debt. Hoover was elected in 1928, before the Great Depression started. Hoover believed in voluntary cooperation, rugged individualism, and that the economy has cycles of up and down. Voluntary cooperation was a belief that the government should not force or control the people. Rugged individualism was the belief that people should only succeed through their own efforts. Since Hoover believed that the economy has cycles of up and down, his main approach was to wait and see. FDR was elected in 1932, during the time the Great Depression was in action. FDR was the kind of president who had a “try anything” philosophy. Because of this, he created the New Deal, which was when lots of laws and programs were passed in order to help reform, relief, and recover from the Depression. The New Deal in America was a success because of FDR’s efforts..

The Great Depression was a big time period in history that affected a lot of things in people’s lives. It was in the 1929 when the stock market crashed and it spread to Europe as well. The Great Depression lasted a long 11 years and the US started getting better in 1939.

What is the greatest economic since the Great Depression in the 1930’s? Economist’s today are calling it the Great Recession of 2008. To start, there is history that needs to be addressed to compare the impacts of the Recession to modern times. The Great Depression got so bad that people were issued ration stamps in order to receive common goods to survive. People had to farm and make their own cloths, and if by chance a person had shoes they were considered very fortunate. The money system was almost not existent one could say because of the amount of trading that was done to survive. One of the main differences in the Great Depression is that the rich didn’t get richer overall. According to R.A., J.S. AND L.P., “the top 1% only captured about 28% of total income growth from 1933 to 1936”. (R.A). The rich did continue to get richer though as it is said in the years coming after the depression was over, and a major leap when the Great

during the 1920's to a point that most industries were making so much of everything that there was a limit to that amount that could be sold.

The Great Depression of 1930 molded the American culture and the political life of our nation. Due to its pivotal role in the formation of our economic system. Today I will provide an inside depth of the Causes and Effects of the Great Depression and will focus on the results and outcomes that resulted in this event that would change the lives of many in this time period of despair and of devastation.

Coming off of a century of success and prosperity as a result of the new way of living, America thought it was on top of the world and living the good life all until it underwent the catastrophic period commonly known as the Great Depression. Beginning around the 1930s, the Great Depression is probably one of the most significant economic downfalls in America that also ended up affecting the global economy. Around 1933, about 14 millions American citizens saw unemployment, the national income was over 50 percent down, and production of industrial goods dropped to one third of what it was in 1929. In response to this time of devastation, Franklin D. Roosevelt took over from Herbert Hoover as president in order to restore America to what it once was with his concept of the New Deal. Roosevelt commenced a brand new way of American life as he focused on creating a social democratic order, much like that of Western European nations. Additionally, the federal government gained much more power as a whole, but more specifically in the economy. Roosevelt also aimed for a greater sense of community by not trusting individualism and by providing aid to those in need. Finally, he aimed towards restoring capitalism, not replace it. Through his implementations of the New Deal, Roosevelt successful provided relief, recovery and reform from the deplorable effects brought about by the Great Depression. So what actually caused such a difficult time in American history? The national

The Great Depression of 1929 was a deadly blow to the economy. This occurs when the United State won the World War I. After the war people who worked in the factories making weapons lost their job. People who came back from the war did not when back to work they were proud of themselves having fun time buying stocks. Then the disaster happened, on October 29 the Black Tuesday the stock market crashes, the stock drop the banker who bought the stock invest more money into the stock hope the stock is going to rise, but it did not seen to work out the stock were still decreasing and people were unable to sell out their stocks. Which cause the Bank Failure, people want to take their saving out from the banks, but the banks were unable to give back their money about 9,000 banks failed in the 1930s(Martin 1). The unemployment rate keeps rising, people who did not have a job were worried about their saving, afraid to waste their money on goods become very careful on the use of money on goods. This cause the Reduction in Purchasing some business failed. The disaster did not end the natural disaster the Dust Blow occur on April 14, 1935. There were about 38 storms by 1934 millions of farmers lost their farmland and houses have to leave their homeland became homeless.

During the 1920s, the United States experienced a post-war economic boom. This led to excess in consumption of various goods, especially in stocks. With severe mishandling of buying stocks and lack of supply, the great depression began by the end of the decade. Of course, this affected the international markets in Europe. With this, some of the countries experienced economic hardship whilst some prospered. For example, Germany was the hit the hardest since it lost in the first World War. This was due to a clause in the 1919 Treaty of Versailles, which stated that Germany was responsible for the start of the Great War and will pay for all the damage it did during the war. While at the same time, the depression hit it so hard, that it caused

Such sad stories. I am studying this quite a bit now that I am in college. The Great Crash of 1929 was caused by people buying on margin, which never, never should have been allowed to occur. It was what created the collapse, because there was no money to back up what they had "bought". Once the collapse occurred, it was a domino effect on all other jobs and occupations. And it was especially rough on the farmers, who were going through the worst drought they had experienced in years, and the inflated price of wheat and corn, which immediately dropped to a price the farmers could not afford to grow. It caused them to lose their farms that had been in their families for generations, and forced them to migrate to cities to try to find work, or