Jerusalen Quintero Mrs. Metzker Engilsh 8B 11 April 2016 IEP: 3 Paragraph Accommodation The Great Depression The Great Depression started from 1929 to 1941. The Great Depression was caused by Black Tuesday. On Tuesday‚ October 29‚ 1929 the stock market crashed. The people lost more than $40 billion dollars and the stock market began to regain some of its losses‚ but it didn’t go back up like
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Nearly 12 million Americans were unemployed in 1932. Families lived in shacks and ate leftover food from hospitals. Communities couldn’t afford to keep schools open‚ so a third of a million children couldn’t go to school. Years of poverty left Americans asking what the cause of the economic crisis was. The economies of the Allied Powers were damaged by World War I. Great Britain‚ France‚ and the Soviet Union were all in debt and the costs of the war ran resources low. Major cities of Europe were
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Daily life Daily life during the great depression wasn’t easy. Many people were unemployed and without decent clothes. Children ran away and “Rode the rails” to loosen the burden on their families‚ because they wanted a better life or just because they wanted an adventure. Other kids got jobs to support their families. During the depression‚ people ate whatever they could afford or whatever they could find. Some examples of food during the 1930s were: Potato soup – water base‚ not milk Dandelion
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The Great Depression was considered an economic depression‚ lasting a decade from 1929 to 1939. The economic demise originated in the United States and spread worldwide. There were five main contributions to the Great Depression: the Stock Market Crash of 1929‚ the failure of banks (bankruptcy)‚ rise in unemployment rates‚ the United States economic policy with Europe‚ and the environmental drought. The Bull Market of the 1920s‚ which was considered a period of faster rising stock prices than on
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In the early 1980’s the economy experiences a recession. A recession is “a significant decline in economic activity spread across the economy‚ lasting more than a few months‚ normally visible in real income‚ employment‚ industrial production‚ and wholesale-retail sales (Recession‚ Retrenchment‚ and Recovery: State Higher Education Funding & Student Financial Aid‚ 13).” Technically there were two recessions‚ the first was from January through July of 1980‚ and the second was from July 1981 through
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The great depression was caused mainly due to the Stock Market Crash of 1929. This was a widespread panic that hurt investors and cost many people their jobs. On the infamous date where the stock market began to crash‚ investors rushed to get their investments out of the market before it was too late. Individuals also ran to banks to get their money out of the banks but it was impossible for the banks to give everyone all of their money because they had invested a large proportion of the people’s
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The Great Depression was a time period of suffering for many Americans that began after the stock market crashed in 1929. During this time the unemployment rate increased for both white Americans of 25% as well as for people of African American descent of up to 50%. Farms began to fail during this time period because there was overproduction from WWI as well as the Dust Bowl. Since farms couldn’t be used during the Dust Bowl many lost their farms and homes‚ which left them homeless as well as unemployed
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The Great Depression During the Great Depression‚ people of all classes were affected by it and had to find a way to survive off the little money they were given or had left before the Great Depression went into affect. The Great Depression was not only a problem in the United States‚ but was a problem in many countries and was a worldwide problem. Some causes of the Great Depression were the Stock Market Crash in 1929‚ Bank Failures‚ buying items on credit with the Installment Plan‚ and the Smoot-Hawley-Tariff
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The depression could not have come at a worse time. I am a farmer with three children‚ and nothing to provide with. Before the depression we lived comfortably‚ we were not rich‚ but we had enough to live on. By 1930 though‚ everything changed. The rain had failed to come that year‚ and as a result‚ my crops failed. It was humiliating having to receive charity in order to eat. I always thought of myself as the provider for the family‚ and now‚ I couldn’t provide. We had to live frugally‚ selling the
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The Great Depression was the worst period of money drought of all time. The Great Depression changed lives through jobs‚ health‚ and living conditions. The stock market crash took people into a bad world with no jobs what so ever. So what caused the stock market crash was when all the banks failed. When the banks went down almost everyone lost their jobs‚ they lost everything (history.com) . No one knew what to do since they had no money. They had no way to pay the people to work so they just
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