Great Depression On America Essay
The Impact of the Great Depression on America The Great Depression took place during the 1930’s, it is a large piece of American history that occurred due to the Stock Market Crash of October 29, 1929. The government struggled to fix the Great Depression and Families struggled to survive the major obstacles that were thrown in front of them. The Great Depression had a profound impact on America caused by the events leading up to it, life during the Great Depression and the steps it took for America to recover. A series of unfortunate events led to the beginning of the Great Depression. During the summer of 1929 America’s economy fell into a normal recession. When people stopped buying as many goods as they usually did unsold
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During the year of 1930 about four million Americans were unemployed. In 1931 an additional six million Americans were without jobs and the America’s industrial production levels cut in half (Depression) . In the spring and fall of 1931, the fall of 1932, and early in the year of 1932 many Americans ran to their banks to pull out all of their money. This was known as a bank run and it caused millions of banks to close. Farmers who had struggled in the 1920’s due to dropping food prices and drought now couldn’t afford harvest any crops and they had to leave their fields while many people were starving elsewhere …show more content…
About just as many received jobs that were defense-related which raised employment in America. For this reason many people believe that World war II is what got America out of the Great Depression. The war caused U.S. debt which was $49 billion dollars in 1941 to increase by $211 billion in just three years, which discourages the idea that World War II is what got America out of the Great depression. When Franklin D. Roosevelt and many other people realized that the spending on the war was not the solution to the Great depression, they believed that unemployment would once again rise after world war II Was won. Franklin D. Roosevelt stopped many of the New deal programs and allowed many major programs to be killed by Congress. He wanted the war to be won before anything
During the year of 1930 about four million Americans were unemployed. In 1931 an additional six million Americans were without jobs and the America’s industrial production levels cut in half (Depression) . In the spring and fall of 1931, the fall of 1932, and early in the year of 1932 many Americans ran to their banks to pull out all of their money. This was known as a bank run and it caused millions of banks to close. Farmers who had struggled in the 1920’s due to dropping food prices and drought now couldn’t afford harvest any crops and they had to leave their fields while many people were starving elsewhere …show more content…
About just as many received jobs that were defense-related which raised employment in America. For this reason many people believe that World war II is what got America out of the Great Depression. The war caused U.S. debt which was $49 billion dollars in 1941 to increase by $211 billion in just three years, which discourages the idea that World War II is what got America out of the Great depression. When Franklin D. Roosevelt and many other people realized that the spending on the war was not the solution to the Great depression, they believed that unemployment would once again rise after world war II Was won. Franklin D. Roosevelt stopped many of the New deal programs and allowed many major programs to be killed by Congress. He wanted the war to be won before anything