The Great Depression was the longest-lasting and most sever depression experienced by the Industrialized western world. It all began on October of 1929‚ when the stock market crashed. This caused the Wall Street to start to panic and even wiped out many investors as they began to dump all of the shares that they had owned (History.com). People however were not just getting rid of all of their stocks‚ but they were also starting to become unemployed. This was because many businesses could not afford
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The Great Depression was one of the world’s largest impacts; which is what inspired me to write on this topic. So many people lost so much‚ & so many lives were destroyed. For ten years‚ a lot of families went through stress. Due to this‚ crimes were beginning to be committed. This shocking event began in October 1929. It happened to be the deepest and longest lasting ‘economic’ downturn in history. Bank failures were one out of the few reasons the Great Depression occurred. “The
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The Great Depression was a severe stock market crash that happened in the 1930s. In the late 1920s‚ economic grew rapidly and many classes poured their savings into stocks. Investors traded useless shares that were deemed worthless‚ over millions in one day‚ later to be referred as‚ “Black Thursday.” An outbreak flooded the nation‚ causing workers to lose their jobs and decrease mass production. Across the world‚ everyone felt the the devastating blow‚ creating a domino effect. ( History.com ) The
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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
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your teacher by the due date for full credit. (50 points) 1. After you have completed your research and examined first-hand accounts of people who lived through the Great Depression‚ write a detailed summary of your findings‚ highlighting at least three examples. Include information on these topics: The impact that the Great Depression had on the people you studied. For example: What actions did the people take to survive‚ cope with poverty‚ pay bills‚ remain in their homes or on their farms‚ etc
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The Great Depression was a terrible stock market crash known as Black Tuesday. This occurred on the day of October 29‚ 1929. On Black Thursday stocks dropped 11% and regained 2%. But then on Black Tuesday it dropped another 11% which caused everyone to be scared. The stock market crash was the main reason of America’s great depression. There was also the Dust Bowl which was the major drought that mainly affected the states of Texas and Oklahoma. It also touched the adjacent sections of New Mexico
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The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations‚ but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s.[1] It was the longest‚ deepest‚ and most widespread depression of the 20th century.[2] In the 21st century‚ the Great Depression is commonly used as an example of how far the world’s economy can decline.[2] The depression originated in the U.S.‚ after
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The Great Depression lasted 10 years‚ from 1929 to 1939. It caused major panic and wiped out millions of investors. In the United States The Great Depression started soon after the stock market crashed. On October 24‚ 1929‚ the stock market bubble finally burst‚ as investors began dumping shares. A total of 12.9 million shares were traded that day‚ known as “Black Thursday.” Five days later‚ on “Black Tuesday” about 16 million shares were traded after more panic swept Wall Street. Millions of shares
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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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Herbert Hoover and The Great Depression Herbert Hoover was the United States 31st president and after months of him being head in office‚ the stock market crashed and the nation fell into “The Great Depression”. Hoover’s intentions were good because he tried to do all he could to recover the economy from it’s downfall‚ but he failed. His plans were to reform banking in order to provide mortgage relief. He also tried expanding public spending whilst trying the keep a balanced budget. He brought
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