The Great Depression of the 1930s was a result of many economic changes in America. The end of World War I came in 1919. Throughout the war, federal spending grew three times larger than tax collections. In 1920, the government cut back on expenses to balance their budget. This caused decreased business activity and extremely high unemployment rates throughout the 1920s. This period of time was known as the recession. In 1929, the stock market crashed in the United States. Thousands of investors lost large sums of money and many people lost everything. This crash led us into The Great Depression. Banks, stores, and factories closed leaving millions of Americans without a job. Unemployment rates reached record highs. The height of the depression was in 1932, when the number of unemployed Americans reached approximately 12.1 million. Franklin D. Roosevelt was elected president in 1932 and presented the New Deal to America. The New Deal gave the government more power and helped to ease the depression. The Great Depression ended as nations around the world increased production of war materials for World War II. This provided jobs and put large sums of money back into circulation. The main problem that caused The Great Depression was unemployment. This unemployment created an unequal distribution of wealth. The lower to middle class of America suffered because they could not find jobs, and the upper class suffered because the lower and middle class could not afford to buy their products. The Great Depression has greatly impacted the American society. It has lead us to realize that unemployment can cause a severe chain reaction in our economy. Since the depression, Americans have been very cautious of the economy. When the stock market took a plunge after the terrorist attacks of September 11, 2001, the government rebounded very quickly to keep us out of another depression. 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. ...
So the average American was living quite content, but had no savings if something was to happen like, The Great Depression. ... The collapse of the stock market did not cause "The Great Depression" like many may think, it was a total accumulation of wealth, bad business deals and the stock market . ... The Great Depression was a worldwide phenomena, more than 1300 banks closed in 1930 and 3700 more within the next two years. ... At this time The Great Depression had psychological effects and health effects on our nation. ... In 1939, the final chapter to "The Great Depress...
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 . ...