The Great Depression in the 1930's was the worst economic disasters to hit the United States and spread to virtually the entire industrialized world, making it very unique in its magnitude and consequences. The depression began in October of 1929, and lasted for about a decade. At the height of the depression, more workers were out of work than ever before. In fact, the average jobless rate was about 25 percent with some regions suffering from extreme unemployment, while the unemployment rate for the rest of the world was equivalent to or greater than that of the United States. .
What caused this great economic turn around from the prosperity of the 1920's? There are many factors that played a role in causing the depression; however, the main causes of the depression were the unequal distribution of wealth, the extensive stock market speculation during the 1920's, and the failure of the agricultural market. The misdistribution of wealth existed on many levels. Wealth was distributed unequally between the rich and middle-class, and between the United States and the European nations. This imbalance of wealth caused the economy to become unstable. The extreme speculation of the Stock Market kept stocks at artificially high values, eventually leading to the major crash of October 1929. Agricultural markets were failing because of the end of a wartime economy and advances in the production of goods caused huge surpluses that farmers were unable to sell for profit. The imbalance of wealth, unreasonable speculation in the Stock Market, and the failing agricultural markets caused the economy of the United States and the European nations to fail, causing The Great Depression. .
With a huge and growing disparity of wealth between the rich and middle-income citizens, the economy became very unstable. For an economy to work properly the total demand must equal the total supply. When an economy has a large disparity in the distribution of income it is not assured that demand will equal supply.
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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...
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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 . ...