Why Is Money Important In Rembering The Great Depression?

The Great Depression was an economic downturn in America that lasted from 1929 until about 1939, making it the longest lasting depression ever experienced by the industrialized world. The stock market crash caused a chain reaction that involved problems such as unemployment, deflation, an increase in debt, and general poverty for lower class citizens. Attempts at escaping the depression weren’t altogether successful. In fact, most of the efforts resulted in high consumer debt as well as over optimistic loans given to the public by banks and business investors. The Depression caused severe political changes in the US as well as its obvious economic failures. After three years of the depression, Herbert Hoover lost the presidential election

The Great Depression- The Great Depression was one of the worst times for the Western Industrialized World, when it came to its economy The depression originated in the U.S, after a fall in stock prices that began around September 4, 1929. Cities were hit hard, especially those dependent on heavy industry. The Great Depression affected anybody that was indebted. Some countries affected; Canada, Germany, Great Britain. Not everyone was affected in the same way during the Great Depression. Many of the rich weren't affected at all but the poor couldn't do anything about it. Thousands of homeless families camped out on the Green Law in New York City, which was an empty reservoir during the Great Depression. During the 1930s, manufacturing employees earned about $17 per week. Doctors earned around $61

After the wealthy and roaring 1920s, America entered one of the hardest economic crises in history in the late ‘20s and early ‘30s. The majority of people sank below the poverty line, but through the government and Franklin Delano Roosevelt (known as FDR), America was able to endure this time of struggle. The Great Depression lead to organizations such as the Public Works Administration and the National Recovery Administration which helped when so many Americans were unemployed, and struggling to stay healthy.

Unemployment skyrocketed. Without jobs people lost their homes. It was such a disaster. Things turned around but just took some time. Once Roosevelt became president in 1932 he made sure to push for changes. The New Deal was his plan for recovery. The New Deal kept banks opened. This New Deal put people back work. Due to the WPA The Workers Progress Administration program employed so many. There were many schools, roads and even hiking trails to be built and planned out and this was the prefect job for someone who was kind of desperate and just wanted to work. In the end to many thought that President Roosevelt was a hero because it was obvious he cared deeply for the people. Roosevelt did his best to end the depression. The new deal eased the hardship of the Great Depression. Things were still horrible by the end of 1930s but there was light at the end of the tunnel. The Great Depression lasted from 1929 to 1941 but once the War started there were other things to focus on. There were things that were needed for the war such as Weapons, artillery, ships, and airplanes were needed quickly. Men were trained to become soldiers. The woman of course was left to take care of the home life and keep the

During the 1920s the American people led themselves to their economic demise. In America, the Great Depression occurred during the 1930s after the crash of the stock market. “The Roaring Twenties”, which occurred before the Great Depression, was a time when the assembly line created more jobs and money to be used. This new economic prosperity, brought about the stock market, in which hundreds of Americans put in their money in hopes of their company making profits. The Great Depression was caused by stockholders using more money then they could pay back, workers using the non-shameful credit to buy products, which led Americans into debt, and the lack of demand, when there was an increase in supplies.

The Great Depression in the U.S history was a time where there was very little jobs and some money. Banks had very little money so most people couldn’t get money out. It was a hard time in U.S history for people when this was going on. The stock market crash a horrible time for people when they had some money and very little jobs. Franklin D. Roosevelt tried to help by creating The New Deal. The great dustbowl affected farmers and the change in farming affected the economy. In the novel To Kill a Mockingbird, the author Harper Lee illustrates The Great Depression was a worldwide economic slump of the 1930’s.

The Great Depression had many aspects that made it one of the harshest times for people around the world. It began on October 29, 1929. Jobs were hard to find, the economy was in terrible conditions, and lots of people were homeless and dying of diseases. Some of the key players in ending the Great Depression were Franklin D Roosevelt and Mary McLeod Bethune.

The Great Depression went from 1929 to 1939. It was a very long and difficult time. Everybody was affected. It was a long and difficult time where everybody was affected. Nobody had jobs so kids didn’t have the money to go to school.

The u.s. was in the middle of an economic depression after the stock market crashed in 1929 leaving most american poor or were unemployed, many american were losing hope. But on March 4, 1933 the new president gave his Speech call Inaugural Address in the speech were word that every american will remember "The only thing we have to fear is fear itself" (FDR). Those word helped to inspire the american people and helped them thought the Great Depression.

At the peak of the Great Depression in 1932 over 12,060,000 citizens were unemployed and the rate of deflation exceeded 10% (John C. Williams1). Millions of individuals were starving on the streets and billions were lost on the stock market (History.com2). When Franklin Roosevelt released the New Deal in 1933, a plan to provide relief, reform, and recovery to the distressed country, Americans were in dire need of relief. President FDR acted quickly and implemented a series of programs aimed towards providing an immediate stop to the economic free fall and providing relief to his people (DPLA3). In his effort to reduce the severity of poverty and unemployment, FDR released programs to aid business and labor, farmers, housing and homeowners,

“It was not so much a matter of finding a job as of filling in with odd jobs whatever you could, and most “jobs” were those you made for yourself.” The Great depression was a time in the early 1930’s that closed many banks and left thousands of people out of business, which led to a depression to many. During the depression there wasn’t water, if it did rain it was very little and wasn’t enough to support the crops. Farmers weren’t able to grow many crops which lead to citizens not having a big enough food supply, however many kept trying to grow crops and didn’t give up. Not only did to many people get unemployed rising but also many people couldn’t find a new job.

In 1929 the Stock Market crashed was said to have “ushered in” the Great Depression. After Wall Street and the Stock Market crash of 1929, the banks began to fail. By 1933 over half of the banks in the United States had failed and went out of business. The economy came to a full stop as businesses could no longer access credit lines to purchase inventory, checks were no longer accepted as currency due to the multitude of failing financial institutions which led to an unemployment rate reported to be as much as 30 percent of the available workforce. (“First measured century: Timeline,” n.d.)

The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

" Due to the lack of money, many people had no way to continue working nor buying the resources that they require.

In 1929, the stock markets crashed and the U.S entered the Great Depression. Many people became homeless and unemployed and there wasn't much they could do about their poverty. In 1932, FDR was elected for president and he made it his job to save America from the dark times. A document called the New Deal was created in 1933 and it consisted of the 3 R’s, Relief, Recovery, Reform. Although many people saw the New Deal being ineffective due to how many people who will still jobless and homeless but overall, the New Deal was effective because it allowed many people to get back onto their feet with jobs and homes and it was a huge part in fixing the economy.