What Was The Impact Of The Great Depression

Good Essays

Franklin D. Roosevelt did a lot of things for America in his time: led them to a victory over Nazi Germany in WWII, led the war alliance between Britain, the Soviet Union, and the United States, and he also helped form the United Nations by a post-war peace organization. But most importantly, Roosevelt pulled the United States out of the Great Depression. He helped us to regain our confidence as a country. The Great Depression was a very devastating time for America. People lost their jobs, homes, and money. However, FDR created a New Deal to get those things back. Without the guidance of President Roosevelt during the Great Depression, Americans would have never hoped of gaining their economic strength again. In 1929, the stock market crashed; this was the beginning of the Great Depression. A few years before the stock market crashed, people had put their money into stocks. They began to rise quickly. However, in September they started to fall; a month later, they crashed. When the stock market crashed, “people’s stocks were now worth almost nothing” (Britannica). When the stock market crashed, businesses lost the worth of their stocks, or merchandise. …show more content…

There were many ways but one of the ways was that “crops failed across the entire region” (“Dust Bowl”). This impacted the economy because farming made a lot of money for people and when the crops failed, they weren’t profiting from them. Farming was some families only way of making money. “The Dust Bowl intensified the crushing economic impacts of the Great Depression and drove many farming families on a desperate migration in search of work and better living conditions” (“Dust Bowl”). The Dust Bowl affected the Great Depression because it sent the economy into more of a recession. People already lost their jobs, homes, and money and the Dust Bowl came and they had to move to look for jobs and a place to live. Americans did not have much so it was not easy for

Get Access