In the late 1929 the United States of America faced a severe economic depression also known as the great depression‚ it was one the worse economic depression that the United States ever faced and it lasted for almost 10 years. The great depression was caused by a series of factors and mainly the stock market crash in 1929. The effects of the depression were felt everywhere in the world and had devastating outcomes leaving millions of man and women without a steady job and resulting in a drop in profits
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The Great Depression Do you think you’d be able to survive during a time when people could barely make enough money to put food on the table? The Great Depression is known as the worst and longest economic crisis to hit anywhere. This was the period in which the highest unemployment rates and low incomes were experienced by the industrialized Western world. The financial crisis affected virtually every section of the economy‚ and therefore‚ affected the livelihood of people everywhere
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The Great Depression The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries. It was the largest and worst economic depression in the 20th century‚ and is used in the 21st century as an example of how far the world’s economy can decline. The Great Depression originated in the United States; historians most often use a starting date of when the stock market crashed of October 29‚ 1929
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the many challenges was the “great depression” of the 1930’s that brought Americans to their knees. This harsh event swept over the nation with such a devastating and dark cloud that struck great fear and hopelessness into millions of citizen’s hearts‚ an event that will be remembered for many generations. The exact cause that began the entirety of the event is still argued even today‚ but it’s easy to see traces of many events leading and contributing to the great downfall. Among many of the events
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Great Depression Impact "The American People in Hard Times" Employment African Americas Minorities Women Most ppl saw unemployment/poverty as signs of personal failures Men= ashamed of being jobless Relief eventually collapsed Thousands sifted through garbage cans for scraps of food or waited outside restaurants Nearly 2 million men (few women) road freight trains living as nomads Farm income declined 60% 1/3 of farmers lost their land “Dust Bowl”- worst drought in nations’ history
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course‚ referring to the Great Depression. From 1929 to 1940‚ the United States suffered from the greatest economic depression in history. An economic depression is a downturn in the country’s economic flow.The unemployment rate in 1932 was 12‚060‚000 people. The suicide rate from 1930-1940 was at 154‚000 people. The Great Depression lasted ten years; a full decade. So‚ what exactly caused the Great Depression? Well‚ there were many causes resulting in the Great Depression‚ but three significant and
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The Great Depression Begins 1929-1933 Pgs 670-689 Key Terms: Alfred E. Smith- Herbert Hoover- John Steinbeck- Douglas MacArthur- McNary-Haugen Bill- Hawley-Smoot Tariff Act (1930)- Federal Home Loan Bank Act (1933)- Reconstruction Finance Corporation (1932)- Patman Bill- Black Tuesday (Oct. 29‚ 1929)- Price Supports- Distribution of Income- Buying on Margin- Great Depression- Dow Jones Industrial Average- Speculation- Shantytown- Dust Bowl-
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The Great Depression The 1920’s had a wealthy‚ gilded veneer‚ and the general mood of the country corresponded to this belief that the country was in an economic upswing. The stock market was climbing‚ and it was expected to continue to do so. However‚ people were investing in part to make a quick buck‚ but also for the prestigious status that accompanied investing. Neither of these result in a stable economy. Furthermore‚ subtle economic clues were ignored‚ such as productivity and consumption
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The Great Depression The Great Depression took place in the1930s‚ and was known as the stock market crash. America’s economy dropped‚ and many people lost their jobs. Many people had little or no money. The stock market did not cause the Great Depression. The Great Depression started in 1929. Purchasing and construction dropped. Farmers were already in an economic depression before the Great Depression swept the nation. There were millions of
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Assignment 04.05 Great Depression The man with the shirt with long sleeves in his mid 30’s: I believe I am the oldest person here. I may look that I have a lot of experience but I really have never been in a situation like this before. I am supposed to be a leader and to know what to do. Right now I am so hungry that my mind is in blank and does not let me stop and think for a moment. We have to act and move on to our next step. How long is it going to last? This woman holding a baby has the
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