Preview

What Was The Cause Of The Great Depression

Good Essays
Open Document
Open Document
259 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Was The Cause Of The Great Depression
The cause of the great depression was brought on by crash of the stock market in 1929. This sent everyone into panic mode and all the banks crashed along with many other financial institutions. This caused people to lose their jobs, personal belongings, as well as their piece of mind. The great depression lasted a while and people suffered and worried over it. In 1939 things started to turn around for the best. “National income dropped by 50 percent and unemployment rose to an estimated 25 percent of the total labor force. At the same time, twenty million Americans turned to public and private relief agencies for assistance”. (Trotter, 2004) During the great depression the African Americans did suffer with many issues. They could not find a

You May Also Find These Documents Helpful

  • Good Essays

    Imagine that you came home tonight and you had just come home and you found out that your father had just lost his job. That you didn’t know where your next meal was coming from and that you were also going to lose your house. That all your money in the bank had just disappeared and that you were never going to see it again. All your crops had shriveled up because of the dust storms and that it was getting into your well and that it was your only supply of water. The Great Depression impacted the economic prosperity for blacks and whites in the United States.…

    • 362 Words
    • 2 Pages
    Good Essays
  • Good Essays

    During the Great Depression, the Stock Market crashed.This caused an economic slump in North America and Europe, which quickly spread to a world wide depression. The government obviously had to respond. The crash caused hardships with the public. There was poverty and hunger and many complications.…

    • 319 Words
    • 2 Pages
    Good Essays
  • Good Essays

    During the Great Depression all segments of society were hurt, but the bottom were hurt the most, which in this case were African Americans, Native Americans and Women. During the economic deterioration the African Americans were the first employees to be fired or replaced by the White employees. Also the women and Native Americans had the same fate. Agriculture collapse in the South also led many African Americans without a job. The discrimination gave minorities even less educational and economic opportunities than before.…

    • 259 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    African Americans had suffered profoundly in the Great Depression. Already at the bottom of the economic ladder when it began, the Depression reinforced the poverty of Black America. The black community people were mostly involved with share-cropping and mining jobs. The government then started the process of mechanization in industries. There were increased government funds for improved equipment. This factor eliminated many jobs in general in industry. The decline in industrial output combined with…

    • 2362 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    The Great Depression was one of the biggest turning points in American history. Not only did it change the spending habits of U.S. citizens, but it changed how the government controlled the economy. New laws and acts were put into place that helped prevent something like the Great Depression from ever happening again.…

    • 759 Words
    • 4 Pages
    Good Essays
  • Good Essays

    During the Great Depression all Americans suffered economically, but the African Americans suffered disproportionately. If someone were to be fired from a company the African Americans were the first to be let go which caused an unemployment rate up to three times that of whites. Because of segregation they received less aid from charitable organizations. Overall they suffered economically and socially more than their white counterparts. The 1930's were a turbulent time for race relations in America.…

    • 602 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Hoover vs. Roosevelt

    • 1035 Words
    • 5 Pages

    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).…

    • 1035 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    The Great Depression was the toughest and the longest economic recession in the industrialized world, in most of the countries it started in 1929 and lasted till 1939. The Great Depression was the result of many causes; some of these causes are the crash of the stock market, and banks were not able to lend money because huge numbers of people were withdrawing their money. This withdrawal also caused the banks to fail. Another reason is that people were afraid of buying products and services after the stock market crash which lead to a huge decrease in the demand of products and services, this decrease in demands and the unwillingness to spend money made the level of unemployment increase sharply.…

    • 120 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    In the late 1920's and early 1930's the Great Depression arose and effected about 99% of American citizens were endorsed into extreme poverty from purchasing stocks with no experience and letting the stock market fall upon them. Most Americans were forced to sell all of their possessions and led them into extreme poverty. The three causes of the Great Depression are Banks, Overproduction .vs. Under-consumption and Bad Buying.…

    • 585 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Just as the American people thought they had finally beaten poverty a dilemma resulted in the U.S. economic prosperity reached its peak and is plummeting into a trough. On the year 1929, the Age of Wonderful nonsense came to an end and people suddenly stopped going to nightclubs, dancing, and drinking. The nations income began to decrease and people began lose jobs. At first the stock market was an important but not the most dominant influence. But however, the market became the symbol of the nation's prosperity and an icon of American business culture.…

    • 530 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In general, the Great Depression brought mass suffering to everyone and was especially hard for the African Americans. The National debt income had drop to 50% and unemployment has risen up to 25% of the total labor force (U.S. History, n.d. para 1). Therefore, America’s had twenty million Americans receiving public assistance to survive. The blacks faced the harshest conditions because employers starting using racist hiring and firing procedures as the “Last Hired and the First Fired” from employment and their unemployment increased during the Great Depression (U.S. History, n.d. para 1). Some whites believed that a black person had no right to hold a job while the white people were unemployed. However, some blacks were able to keep their…

    • 680 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Great Depression Causes

    • 1060 Words
    • 5 Pages

    The Great Depression was an awful point in history. It was a worldwide economic slump of the 1930’s. Banks, factories, and shops all closed. Millions of people were left jobless. Many people had to depend on the government or charity to provide them with their everyday needs. Rising unemployment, declining production, and falling prices spread rapidly to the rest of the world in the early 1930's. The Depression caused world trade to slow down a lot, as countries tried to help their own industries by increasing restrictions on imports.…

    • 1060 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The great depression was a very hard time for many people throughout the United States. Cities all over were hit very hard and many people suffered very deeply. The industry was collapsing and over time less and less stuff was being manufactured, the construction business was going into a big decline. Farmers were also having a hard time since most of their crop prices were hit very drastically. Eventually the economy went into a huge depression that left millions of people unemployed and struggling to earn a living.…

    • 823 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Great Depression Causes

    • 3166 Words
    • 13 Pages

    to eat but potatoes. Another time my brother went around to grocery stores and got them…

    • 3166 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Great Depression

    • 2092 Words
    • 6 Pages

    The Great Depression of the 1930s worsened the already bleak economic situation of African Americans. They were the first to be laid off from their jobs, and they suffered from an unemployment rate two to three times that of whites. In early public assistance programs African Americans often received substantially less aid than whites, and some charitable organizations even excluded blacks from their soup kitchens.…

    • 2092 Words
    • 6 Pages
    Powerful Essays