This paper is an effort to explain how the great depression affected the American .
culture, to include what the problems were in the economy and what led to the biggest .
economic downfall in United States history. Also, this paper will describe what the .
American people went through and how the government reacted to the devastation .
decade that changed so many Americans lives, and restructured the way that we live now.
The "roaring twenties" was an era when the American people prospered .
tremendously. During this period, the nation's total income rose form 74.3 billion in .
1923, to 89 billion in 1929. The reason for this enormous growth was because of the 2 .
major industries that evolved after WWI; such as automotive and the radio industry.
Due to the demands of the war, automobiles, radio and their parts were being built in .
large quantities causing the workforce to increase. From 1925-1929, the average worker .
output per worker in these industries increased 32% in manufacturing, and the wages .
for manufacturing increased at one fourth as fast as the productivity increased. President.
Coolidge also helped the American people, he reduced federal income taxes and .
inheritance taxes dramatically. So the average American was living quite content, but .
had no savings if something was to happen like, The Great Depression. While the .
automotive industry was booming, the agriculture was declining steadily and our nations .
loans were increasing to Europe. .
The misdistribution of wealth in the 1920's existed in many levels, money was .
distributed disparately between the rich- lower class, between industries and agriculture .
within the United States and between the U.S. and Europe. This imbalance of wealth .
led to an unstable economy; for an economy to function well the total demand must equal.
the total supply. Unfortunately, America was not functioning that way. Essentially what .
happened in the 1920's, was there was a oversupply of goods and the American culture .
The Great Depression of the 1930s was a result of many economic changes in America. ... This crash led us into The Great Depression. ... The main problem that caused The Great Depression was unemployment. ... The Great Depression has greatly impacted the American society. ... The economy has changed drastically since The Great Depression. ...
The great depression began around the 1930's and ended near the late 1930's. ... Almost 30% of the people during the great depression were unemployed. ... The Chrysler building was created during the great depression. ... Fads and fashion was coming along very strong in the great depression. ... Sports were a major fad for men during the great depression. ...
The Great Depression The Great Depression was one of the longest depressions in the history of North America left Americans shaken. ... My grandmother, a survivor from the great depression says "we had to gather food from were ever we could find it, we were starving". ... The Great Depression sent people that were ordinarily comfortable with life scurrying for reassuring shelter and it left many people badly shaken from the experience. ... People that went through the Great Depression and survived will forever remember the way that it felt to stand in line for hours for food or even to...
Economics during the Great Depression were very different than periods of time during the depression. ... People were not earning much money during The Great Depression. ... Political views also changed during the Great Depression. ... Shirley Temple, Will Rogers, and marie Dressler were few great performers during the Great Depression. ... The Great Depression has definitely left it's mark on America. ...
The Great Depression When Franklin D. Roosevelt took office, America was going through what was known as the Great Depression. ... Farm families are an example who suffered during the Great Depression. ... The banks were closing down due to the depression. ... The Great Depression was not the first or only depression Americans had seen, but it was the worst. ...
The Great Depression The Great Depression was the greatest economic slump to ever occur in US history. The depression began in late 1929 and lasted throughout the following decade. Several factors played key roles in bringing about the depression. ... However, though a great deal more work was being done, the average wage for a manufacturing worker increased minimally. ... Though the Great Depression has long since ended, it continues to leave an indelible imprint on our economic society. ...
Great Depression was the worst and longest economic collapse in the history of the modern industrial world. ... The depression started in the United States and spread to most of the world's industrial countries. ... During the Great Depression there were rapid falls in the production and sale of goods and a rise in unemployment. There were many factors to the cause of the Depression. ... Another one of the factors to the Great Depression was what the government had done or had not done to ensure that this would not happen. ...
The Great Depression On Thursday October 24, 1929 at 10:00am the stock market bell went off at the New York Stock Exchange, stocks were plummeting down. ... The Great Depression did not just happen there were many factors that contributed to the depression like the United States international credit system, economic dependency, and international trade policies. ... The great depression is a very important chapter in our history. Through the great depression we learned many great lessons and as a country we came to realize how fragile what may ...
Causes of the Great Depression The Great Depression was the severe economic crisis that began in 1929, that sent the United States into a frenzy. ... It's undeniable that the Great Depression was one of the hardest trails the US has had to endure. ... The Great Depression was a trying and difficult time for America. ... Work Cited Page America's Great Depression. ... Available http://odur.let.rug.n1/~usa/H/1994/ch9_p8.htm "Great Depression" Encyclopedia.com . ...