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 people that had
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America began one of the greatest economic losses it has ever seen. On October 29‚1929‚ or “Black Tuesday”‚ marked the start of the decade long depression. There are clear reasons why the event occurred‚ how it ended‚ and how it affected the common person. On October 29‚ 1929 the worst stock market crash the United States had ever seen began. The crash happened because there was a rapid growth in bank credit and loans in the United States (About the Great Depression). About one month earlier‚ several
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The Great Depression started on Black Tuesday‚ October 29‚ 1929. It then continued til the late 1930s. It was an extremely difficult time for Americans. There was a significant decline in economic growth and employment. Millions of Americans lost their homes‚ money‚ and jobs. As a result‚ many people become poor and could no longer afford to buy the simplest things such as food. This type of situation never happened so quickly in America. Many did not know what to do or how to stop the Great Depression
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As defined by Investopedia‚ “ The Great Depression was an economic recession that began on October 29‚ 1929‚ following the crash of the U.S. stock market…Lasting nearly a decade‚ the Depression caused massive levels of poverty‚ hunger‚ unemployment and political unrest.” Although‚ in Iowa‚ The great depression had devastated farming families as early as 1920 . When the stock market crashed in 1929 farming families lost what little they had maintained through the prior decade. The greatest* factors*
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Kelly explains in this article‚ “Top 5 Causes of The Great Depression” that “the drought that occurred in the Mississippi Valley in 1930 was of such proportions that many could not even pay their taxes or other debts and had to sell their farms for no profit to themselves.” During this time‚ the government did little to help small business owners or farmers. To add more factors leading into the problems that caused the depression‚ Calvin Coolidge‚ the president at the time‚ was not helping the economy
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The Great Depression was a time of massive economic decline. It started in 1929 and lasted until the mid- 1940s. The Great Depression had ruinous effects on both rich and poor countries. It affected South America‚ Netherlands‚ U.K. Germany and many more (Great). It originated in the U.S with a major collapse of stock market prices in New York Stock Exchange on October 1929‚ known as Black Tuesday. Though there were many causes which led to this depression and also many effects. Historians say the
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information on how certain situations involved in the Purchase would be dealt with and why they aren’t as severe as it may seem. This annual message provides Jefferson’s assurance and approval of the Louisiana Purchase. U.S. Constitution. Art. 2‚ Sec. 2. (-- removed HTML
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gaining power as Chancellor and Dictator of Germany. The Great Depression was a catalytic aspect that led to the circumstances of the Germany that Adolf Hitler was able to control. However scenarios regarding the mistakes of others‚ the Nazi’s sinister tactics‚ weaknesses of Government and the characteristic possessed by Hitler were all crucial to his rise. The extremely catastrophic event of the Great Depression led Germany into the appalling economic state of the 1930s. This was one of the most influential
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The Great Depression following the First World War was a universal devastation of every country it could possibly reach‚ whether it was directly or indirectly. The objects of our scrutiny Being so close in vicinity and having such similar downfalls‚ these countries are particularly interesting to watch to see what was more successful against the dilemma. Despite initial similarities in cause and implemented combatants to the economic fallout‚ the United States and Canada diversified and diverged
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JOSEPHINE ANDERSON The Great Depression was the longest‚ toughest‚ and most extensive economic crash in the history of the industrialized United States‚ and Josephine Anderson experienced the fatal event firsthand. Josephine was just a young girl at the time of the collapse‚ but despite her juvenile stature‚ she remembers the outbreak of unemployment and catastrophe as clear as day. “We were the lucky ones‚” Josephine stated.“Living on a farm helped us tremendously‚ but it was still a very tough
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