Summary: Financial Strains Of The Great Depression
Arushi Gupta
Mrs. Cook
Honors Freshman Comp/Lit
20 October 2014
Financial Strains of the Great Depression During the Great Depression, the people in the urban areas coped with the challenge of the loss of their businesses and the people living in rural areas dealt with the problem of losing their land and their source of money. For example, the people living in the urban areas lost their jobs as the businesses closed, and therefore, they weren’t able to earn enough “money to heat their houses in the winter” (Morain). The rural areas tried to harvest additional crops to “pay their taxes and other living expenses” but, it did not succeed (Morain). The prices of the crops kept declining and the farmers started losing their lands. Later, the
government started the “AAA (Agricultural Adjustment Act) of 1933” where farmers got money from the government if they produced no more than a limited amount of crops (Morain). On the other hand, in the late 1920s, “30 million Americans lost their source of income from unemployment or loss of family breadwinner” and the people with consistent jobs required to work 3-4 part-time jobs a day (“Everyday Life during the Depression”). Often times, the urban families couldn’t produce their own food and therefore, starved as well. In the rural areas the farmers’ “income crashed because of cash crops, crop prices and the rising of farm costs” (Bishop). This result in the loss of farms and homes for the people settled in the area. In conclusion, the urban population suffered with the lack of jobs and the rural population grieved for the loss of their source of income.
Works Cited
Bishop, RoAnn. “Agriculture in North Carolina during the Great Depression.” NC Pedia. State Library of North Carolina, 1 Jan. 2010. Web. 9 Oct. 2014.
“Everyday life during the Depression.” The Great Depression in WA State. University of WA, 2012. Web. 9 Oct. 2014.
Morain, Tom. “The Great Depression Hits Farms and Cities in the 1930s.” Iowa Pathways. Alliant Energy Foundation, 2014. Web. 9 Oct. 2014.
Mrs. Cook
Honors Freshman Comp/Lit
20 October 2014
Financial Strains of the Great Depression During the Great Depression, the people in the urban areas coped with the challenge of the loss of their businesses and the people living in rural areas dealt with the problem of losing their land and their source of money. For example, the people living in the urban areas lost their jobs as the businesses closed, and therefore, they weren’t able to earn enough “money to heat their houses in the winter” (Morain). The rural areas tried to harvest additional crops to “pay their taxes and other living expenses” but, it did not succeed (Morain). The prices of the crops kept declining and the farmers started losing their lands. Later, the
government started the “AAA (Agricultural Adjustment Act) of 1933” where farmers got money from the government if they produced no more than a limited amount of crops (Morain). On the other hand, in the late 1920s, “30 million Americans lost their source of income from unemployment or loss of family breadwinner” and the people with consistent jobs required to work 3-4 part-time jobs a day (“Everyday Life during the Depression”). Often times, the urban families couldn’t produce their own food and therefore, starved as well. In the rural areas the farmers’ “income crashed because of cash crops, crop prices and the rising of farm costs” (Bishop). This result in the loss of farms and homes for the people settled in the area. In conclusion, the urban population suffered with the lack of jobs and the rural population grieved for the loss of their source of income.
Works Cited
Bishop, RoAnn. “Agriculture in North Carolina during the Great Depression.” NC Pedia. State Library of North Carolina, 1 Jan. 2010. Web. 9 Oct. 2014.
“Everyday life during the Depression.” The Great Depression in WA State. University of WA, 2012. Web. 9 Oct. 2014.
Morain, Tom. “The Great Depression Hits Farms and Cities in the 1930s.” Iowa Pathways. Alliant Energy Foundation, 2014. Web. 9 Oct. 2014.