There were many downfalls in america’s economy, but there was one that vanquished them all, the great depression. Millions of people, rich or poor, were affected in different ways. Families searching in the trash for food, and farmers killing their sheep because they don’t make profit due to the price for shipping them. Those are two examples of many in which the great depression affected some.…
The Great Depression had many causes that built up to make it as big as it was. During World War I the U.S. had loaned supplies and money to their European Allies; not having these supplies or money caused the countries to go into debt making the depression go worldwide. The U.S. had a weak economy. There was an inability of the political and financial institutions to cope with the downward spiral that had started in the late twenties. Even after political intervention fifteen percent of the work force were unemployed. The biggest cause of the Great Depression was the 1929 Stock Market Crash. On October 29, 1929 stock market prices dropped dramatically and continued to drop for the next three years. “Stock prices in the United States continued to fall, until by late 1932 they had dropped to 20% of there value in 1929”(Britanica 1).…
During the Great Depression, the time when the Stock Market crashed, lots of problems surfaced and affected many Americans. According to document 1, unemployment increased dramatically at the start of The Great Depression. This created a problem for Americans because unemployment leads to poverty and that leads to hunger. Another example is in document 2 when it says, “banks began to collapse and industrial production ground to a halt.” This means that the life…
The Great Depression in the United States was the worst and the longest economic collapse in the history of the modern industrial world, lasting from the end of 1929 until the early 1940s. The Great Depression saw rapid decline in the production and sale of goods and a sudden, severe rise in unemployment. Businesses and banks closed their doors, stock market crashed (Document 2), people lost their jobs, homes, and savings, and many depended on charity to survive. Natural calamities, such as the dust bowl added to the sufferings of the people. It caused major agricultural and ecological damage, destroying the lives of several thousands of families (Document 1). In 1933, at the worst point in the depression, more than 15 million Americans—one-quarter…
During the Great Depression many people lost their jobs and homes. Because of the loss in profit and the raise in taxes many people’s homes were repossessed by the bank. This was an economic problem after businesses had to close their doors and lay-off their employees. The employees could not find a job, so they became homeless with their families. These people would move and live in Hoovervilles. Document four, Photograph Family Living in Hooverville, shows a mother with her two children in front of their makeshift home constructed from a broken car and a tarp. This document shows the economic problems during this time. People could not pay off their loans, pay their bills, or sell their belongings to get money because there were not many buyers.…
First, effect of the Great Depression was the large death count. One main factor, of these deaths was the dust pneumonia caused by the dust storm. A quote from the book, Out of the Dust, by Karen Hesse, “Pete Guymon took ill with dust pneumonia.” [140] Another, factor of the deaths was suicide. People were killing themselves to, “end their suffering.” Finally, people in the Great Depression starved due to the lack of food and money, “We haven’t had a good crop in three years.” [16]…
This article states some reasons why the Great Depression was caused a few other details of how it affected Americans lives. The author states that Herbert Hoover didn’t do anything to stop the Great Depression, that he said it was just going to pass over in the matter of 60 days. People got very upset with him, they then elected Franklin Delano Roosevelt to be the next president because he gave them hope that he could end the Great Depression. He did this by using the New Deal which implanted programs that created a liberal political alliance of labor unions and other minorities. This helped the minorities to find jobs also because the great depression caused many to lose their jobs, but mainly African Americans lost their jobs to whites,…
Millions lost their life savings and could not repay their loans, causing them to sell their houses and companies. With no money people could not go out and buy what they needed and companies began to see a tremendous decrease in purchases which made for a tremendous loss of jobs for workers. Even though unemployment was approximately at 3.2% in 1929 it soon rose to 25% by 1932 after the Great Depression started. The jobless sold what they could in the streets, and as many as 2 million searched for jobs. "Hoovervilles" and "Hoover blankets" began to appear in local cities.…
The so-called “good life” in the United States seemed infinite before the Great Depression occurred. However, companies overproduced goods and farms failed, giving rise to the economic disaster in the United States. At the time, President Hoover wanted businesses to volunteer to help the American people while the government stepped back. Meanwhile, American citizens were losing their jobs and their life savings. The Great Depression’s leading causes were the problems of overproduction of goods, the hope of stock market prices rising, and Hoover’s poor economic policies including favoring the wealthy.…
Great Depression had positive and negative effects on the population. The positives were people learned never take life for granted and to work hard. As the sudden drought of the Dust Bowl “left thousands of farmers and their families homeless” without a source of income. Also, to work hard as people would “work any way at all, that they could” to gain a source of income. However, the negatives were children that “travelled across the countryside” in search for a job were separated from their families and millions were still unemployed and lost everything.…
Life during the Great Depression of the 1930’s was devastating; it deprived many people of jobs, land, and livelihoods. It began in the United States and quickly spread to other parts of the world. Many people lost everything, and were living on the edge with nothing but scraps of food from dumpsters and occasional soup kitchens to keep them alive. People blamed themselves for their loss of jobs, so it became an epidemic.…
While these events changed the U.S. greatly. The Great Depression is the one event that changed the way everyone is the United States lived. Day to day lives were never the same, people were not the same. City people moved to farms to grow their own food for their families. Families who stayed in rural areas decreased their meals and children went around barefoot. Suicide rates rose to its highest levels in the nation’s history while birthrate decreased. As one labor leader recalled, communists “brought misery out of hiding” with their protests, unemployed councils, and sponsored marches.…
The Great Depression was a horrible thing people went through in the 30`s. people starved, it put at least 12 million people out of work, and put nearly 60% of Americans into poverty. However, the Great Depression forever changed how people lived for over 40 years.…
The great depression was one of the most detrimental and difficult things ever put on the US, people all across the country lost their jobs, went hungry, lost their homes, and were forced to live in poverty. People had to resort to eating out of dumpsters, scavenging for food, living in hoovervilles, sharing a small house with multiple families. One boy states that “We ate that dog meat with potatoes” (Doc 1). People were forced to eat meat that was meant for dogs, not humans. They were forced to live of small scraps of low grade meat and potatoes for weeks at a time. African Americans at this time were also put in extreme hardships, with most of their employers no longer having enough money to hire them they were forced to live in run down shacks, and rent out rooms to other people just to make up the rent. “Negro families were forced to take in lodgers […] frequently whole families slept in one room.” (Doc 2).…
The Great Depression was a result of people buying on margin and buying on credit. The economic boom in the 20’s led to people buying cars, houses, refrigerators, and things they could not afford. Before anyone could pay back this debt, the stock market crashed and everyone ended up in major debt. Businesses had to cut back on employees and wages and families had to adjust to a new kind of living. Women went back to being homemakers, even though women attended college and received degrees, there were no jobs for them. Children did not go to school anymore because there was no money to keep the schools open. The banks failures was at 50%. The states response to all of these problems was to raise taxes and…