1920’s was a very propitious era. Millions of people were living in wealthy cities‚ the economy was great‚ many had jobs‚ and new inventions were being created. Overall‚ everyone was happy and carefree. However‚ in 1929‚ the stock markets crashed and millions of citizens lost all the money they invested into the bank. This event soon led the world into the worst economic downturn‚ The Great Depression. Millions of people became unemployed‚ had food insufficiency‚ started living on the streets‚ and
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October 24‚ 1929 marks the day‚ of which will forever be known as the great depression. On this day‚ both the United States and the world were thrown into a vicious cycle of poverty and unemployment. The combination of unbalanced asset distribution‚ and severe market crashes. Gave birth to the greatest economical disaster of American history. At the start of the 1920’s‚ the U.S. began disparately transferring large unequal sums of wealth. These transfers included parties from the rich and the
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THE DIRTY THIRTIES AND THE GREAT DEPRESSION KEY TERMS: Stock markets: when you buy for little but sell for more Stick markets collapsed: on Black Tuesday (October 29‚ 1929)‚ the stock market crashed in the USA • as the values of stocks plummeted‚ investors scrambled to sell their stocks (as more people sold stocks‚ the prices of the stocks decreased further) Buying credits: • many people used their money borrowed on credit to buy items • when items were repossessed‚ they were sold for
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What Caused the Great Depression? The Great Depression‚ one of the most significant events in American history‚ occurred immediately after a time of great prosperity in the US‚ The Roaring Twenties‚ and was caused by a number of factors. Immediately following WWI the US economy began to experience a boom in growth and production. Most of Europe‚ the former capital of world commerce‚ was destroyed as a result of WWI which made the US the biggest exporter of goods on the planet. With the US now
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about James J Braddock who rises from a poor‚ unsuccessful boxer to the heavyweight boxing champion of the world. The move is in the time period around the American Great Depression. Braddock’s character represents the ups and downs of the United States at that time. He struggles what most Americans lived at the time of the Great Depression‚ see their everyday battle for food‚ jobs‚ shelter. Braddock and his family bad very strong needs because they didn’t have enough money to buy food or to pay the
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2016 Social and Economic Problems Unemployment Caused The Great Depression was a period of time when the economy was going downhill; farms‚ businesses‚ and banks nationwide were failing. In my opinion‚ and I believe many people will agree to this‚ unemployment was one of the biggest problems during this time period. Unemployment skyrocketed when the stock market crashed on October 29‚ 1929‚ which signaled the beginning of the Great Depression. Unemployment caused problems socially and economically
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Karen Rusli Rusli 1 HIST 338 Dr. Bryan Lamkin 24 May 2013 California During the Great Depression The 1930s was not the best time period for California‚ the U.S.‚ or the world. When the stock market crashed in 1929 in the United States‚ it set off the most severe economic depression in the Western world. On top of all of that‚ a severe drought hit the Southern and Midwestern plains in 1931 just two years after the stock market crashed. This became known as the Dust Bowl. In the Dust Bowl‚ crops
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In The Great Depression many people lost their jobs‚ and it closed a lot of banks. It was kept in the memories of the people who lived through it. It changed their lives. Some might’ve been scared to lose their house‚ and some were probably scared after they lost their house in foreclosure. I would be scared if I was living in the streets. Especially the kids who lost their homes. The kids would probably be even more scared than their parents. When many companies closed down‚ that meant that all
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What caused the Great Depression The Stock Market Crash reflected an economic weakness that proved to be fatal : over confidence in the stock market . Americans found the stock market an avenue for productive investment because of the rapid growth in the stock market . In the belief that the value of stocks will continue to rise ‚ and they can earn a profit from it ‚ even the less fortunate gambled on the stock market . Investors paid only a small part of the price and borrowed the rest ‚ gambling
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9.04 The Great Depression A. Heading: * Address (imaginary) * City‚ State (imaginary) * Date (Month‚ Day‚ Year in the 1930s) B. Greeting: Dear ________: C. Body Your letter should focus on the following aspects of your life: * Paragraph 1: In the introduction to your letter‚ identify two causes of the Great Depression. Utilize the web sites in the Resource section. Explain how the Great Depression has affected you and your family. Use specific details
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