The Great Depression Was Extremely Devastating To America

The Great Depression was a horrible event for all the countries that were affected. It had many reason it caused a downfall to the economies worldwide. One of the reason was the Stock Market Crash of 1929 that made that led to the Great Depression into losing more than $40 billion dollars. Bank Failures -was another reason. Americans in that time suffered greatly due to the financial crisis to have economic support.

The Great depression began in 1929 with a dramatic event called that Wall Street Crash. This led to the failure of banks and businesses all over the United States. Millions of people lost all their savings and their jobs, and thousands became homeless because they could not afford to pay their rent. Some homeless families lived in shacks made of cardboard. Others took the road to look for work. (Bingham J.) As it could be imagined it was very disheartening to many as losing everything that was worked hard for. Many events took place during this time, like the Stock Market Crash, The Dust Bowl, The New Deal and also Prohibition that changed the outcome of what people could and couldn’t do.

The 1930s for the United States was not one of the best times in history. October 29, 1929 was the start of the great depression. One of the hardest parts of history in the united states. The Great depression was when the stock market crashed and unemployment skyrocketed. Unemployment reached to nearly 13 to 15 million people, which is about 25 percent, up from 3.2 percent in 1929. Industrial production declined by 50 percent, international trade plunged 30 percent, and investment fell 98 percent, and almost half of the banks in the united states also have failed. People across the nation lost their farms and homes. Some traveled to other states in hopes of employment with no luck.

As the roaring twenties came to a halt, Americans felt crushed by the most severe economic crash in its history. The Great Depression was a large-scale economic disintegration, with the starting date being given to Black Tuesday, October 29, 1929. The Great Depression created such an economic change in the United States that the country would suffer for a whole decade, ending in 1939 as the United States was pulled into World War II. The Great Depression was caused by a series of events, crashing the stock market, economy, and job availability. Finally, the United States was pulled into World War II and put incredible amounts of money and jobs into the effort.

The Great Depression affected many Americans; Many bank failures and debt lead to the disastrous economy of the US and the globe. This was also a time of extreme prejudice, especially for black americans. People of colour were drastically punished in comparison to the white population during the Great Depression.

The unexpected became American's nightmare with a drastic change in the wealth distribution. The market crash affected millions of Americans. From Company owners to their factories and their employees. Breadwinners now unable to support their family must stand in line for government assistance. Not to forget the emotional aspect of this unfortunate event some individuals would commit suicide so that their family could live off their life insurance. The great depression was defiantly a bitter time in

During the Great Depression, thirteen million Americans lost their jobs, one million families lost their farms, 273,000 families were evicted from their homes, and four thousand banks closed (“The Great Depression Facts”).The stock market crashed on October 29,1929. This caused an abrupt panic all throughout Wall Street. Due to this event, investors were forced to quickly withdraw their shares.This extreme loss lead to an even greater economic collapse. Ultimately, this caused citizens to flood their nearby banks with distress. The surprising amount of withdrawals made banks begin to lose the money that they had (“The Great Depression”). The Great Depression brought a downfall to the economy, made the citizens of the US feel hopeless, and challenged American families.

The Great Depression started in 1930 and lasted until 1939. It can be regarded as the worst depression the world has ever seen in the history. Spread across various nations, the Great Depression badly hampered each and every aspect of the economic, business, political, and social life. The most affected regions due to this economic slump were North America, Europe, and other industrialized Western countries. Among various other reasons, economists, researchers, and historians cite the 'Black Tuesday (October 29, 1929)' as the biggest cause of the Great Depression. It was the day on which the stock market crashed. A massive number of individuals, business corporations, and banking companies had invested huge amounts in stocks. In order to survive from heavy loss, everyone hurried to sell its stocks, but there were no buyers. The banks went bankrupt and further increased panic among individuals and businesses. In order to safeguard their remaining money, these individuals and businesses rushed to withdraw their deposits from their bank accounts. These heavy withdrawals further caused various commercial banks to shut down their operations due to bankruptcy.

During this time period of the Great Depression the U.S went through many social and economic changes. From 1929-1939 people suffered the effects of the stock market crash, business failures and bank collapses. People took their money out of banks which made the economy worse and put us deeper into a depression. There was an increase in unemployment and many families lost their jobs which caused them to lose their homes and savings. Many husbands abandoned their wives and many people starved. The streets were filled with garbage and filth. Throughout the depression woman were largely effected in many ways.

The Great Depression was an awful time for a majority of the American population and its economy. The Great Depression was caused by a dramatic uneven distribution in wealth, which caused consumption issues. 1% of America’s population was receiving 15% of the nation’s income. This lead to the stock market crash of 1929, which sent the economy into the age of depression. This depression had negative effects on a large majority of the US population.

During the Great depression, the whole economy suffered through economical, social, and psychological strains on families affecting everyone differently. The Great depression first occurred in 1929 when the Gross domestic product kept declining, but did not fully affect the economy. Wall Street was blamed when it crashed a few months later causing investors to panic and sell their shares of stocks because they lost faith in the American economy. Over the next years, consumer spending and investments dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

The Great Depression of October 1929 was triggered by the crash of the stock-market. This period of the 30s have been marked as one the worst economic crises in America. The lower working-class Americans were greatly affected for jobs was not easily found, and farming became harsh due to deflated crop prices, soil depletion, and farm mechanization. Seniors who were too elderly to work relied heavily on hard-pressed families and charity in order to survive. Education was at a stake during the time. Children were cut off from schools to help contributing to the families by working at any job they could manage. There are many cases of two or even more families living together under one roof. American were facing unemployment and loss of hope for

The Great Depression began after the crash of stock market in 1929. Prices quickly dropped which wiped out millions of investors clearing out $10 billion dollars in value. Throughout the years investments had dropped because the people were no longer spending any money. This caused many industries to drop and employment rates to reduce. President Herbert Hoover tried to reassure everyone that the crises would only last sixty days, but the crash eventually led to a worldwide depression. The Depression reached its all-time low when over 15 million Americans were unemployed. Those who were lucky enough to have a job had a major decrease in wages. Finances were a big issue, and many were forced to buy on credit which lead them to debt. The number

It was the largest economy crisis in American history. The entire world was affected, and still is. The Great Depression came to be because of many reasons including, multiple stock market crashes and horrible banking structure which made it last even longer than it really should have. According to Stock Picks Systems, the market crashed faster than ever at a decrease of 40% which is the highest decrease. This lead investors around the world to a loss of $14 million at the end of just 1929. The American stock market crashing made all the other stock markets in other countries either crash or have huge deficits as

The Great Depression was result of the when the stock market crashed in 1929. This caused most people to lose money that they put in the bank. Since most people were now poor and weren’t buying certain products, business owners had to fire almost all of their employees to make more money. After that, many people had lost their jobs. Afterwards, almost everybody was struggling for