Between 1929 and 1932 the American economy went downhill (Henretta, 2009. This time was the worst depression to date in the country (Bethel University, 2005). It was better known as the Great Depression. In the aftermath of World War 1 emerged this global crisis. Herbert Hoover was the president at this time and many felt he didn’t handle the situation like he should have (Henretta, 2009). Many families were hit hard by this crisis but the middle class did not disappear and the rich still lived in luxury (Henretta, 2009). Many factors caused and led up to the Great Depression but the United States faithfulness to the gold standard played a big part in the length and severity of the Great Depression (Henretta, 2009). World War 1 shattered Europe …show more content…
Unemployment rose to 25 percent and by 1933 fifteen million people were out of work (Henretta, 2009). 9,000 banks closed their doors, and 100,000 businesses failed (Henretta, 2009). When the banks failed it had an even more severe shock. Back then the government did not insure bank deposits so savings in failed banks simply vanished (Henretta, 2009). People that were less fortunate than others did what they could to survive. Barbers traded haircuts for vegetables while laborers put in a day’s work for things like eggs, peaches, and pork (Henretta, 2009). During these times people looked to private charities, soup kitchens, bread lines and the help from neighbors but these resources could not permanently lift millions from the Great Depression (Henretta, 2009). American had to adapt to the depression conditions by changing plans and things going on in their lives (Henretta, 2009). Marriage was delayed and couples reduced the number of children the planned to have (Henretta, 2009). Life itself changed for many …show more content…
The women endured additional burdens like campaigns against hiring women because they thought jobs should go to male breadwinners and then three quarters of the school districts in the country banned married women from being hired as teachers (Henretta, 2009). The women in Minnesota in breadlines were subject to sit in employment bureaus and hoped for work to try to provide for their family (Bethel University, 2005). The women here are those who are middle-aged, some have families, while some have raised the children and now they are alone (Bethel University, 2005). The others are those who have men that are out of work (Bethel University, 2005). These women are left to struggle to fed many mouths by themselves, while the women who pride gets the best of them starves silently, leaving the children to find work (Bethel University, 2005). It is easy for an attractive young women to get a job in stores or waiting on tables (Bethel University, 2005). The others with not so good looks have a more difficult time finding work (Bethel University, 2005). Some women do extra things for men to earn money to feed themselves or their families (Bethel University, 2005). Sometimes girls that have nowhere to go approach men for lodging and if lucky they are giving breakfast in the morning (Bethel University, 2005). All these women may work as hard as it takes, day and night for their whole lives
DBQ Depression Essay Draft There are many opinions on the Great Depression. The stock market crash was a big part of this problem. Taxes and tariffs on imports did not help either. What came after the crash was the bad part. The stock crash and tolls are what caused the Great Depression.
As you may know, Americans faced immense struggles during the Great Depression. According to Document 1, in year 1929, approximately four percent of the population were unemployed. However, after the stock market crash, the percent rose rapidly reaching to approximately
Big banks would then foreclose on the small farms and the farmer's family would be both homeless and unemployed. The entire nation was broken down in shambles with barely any hope of recovery. In 1933, President Franklin D. Roosevelt was inaugurated and Americans felt relief that he would repair the doomed economy and create jobs once again. As soon as Roosevelt took office, he closed all the banks and only let them reopen once they were stable.
By 1933 people could no longer access their money, because the banks had been closed down. Many individuals began to foreclose on their houses, leaving them homeless without a job. The individuals
The Great Depression was a roughly 10-year period in the early twentieth century that was shaped by the United States’ national economic crisis, but affected the global economy, as well. It began in 1929, when the stock market first crashed and stock prices began to fall, but only 2% of Americans owned stock and were affected at this time. (1:48) It wasn’t until tens of thousands of people began to withdraw money from banks and hundreds closed across the country, leaving 28 states bank-less (5:32) that the population truly began to suffer. Unemployment rates skyrocket and more and more people begin to go bankrupt, with 34 million Americans left with no source of income by 1932.
The Great Depression was a hard time for the United States. The Great Depression was a huge plunge in the economy. There were many factors that contributed to the Great Depression. The stock market crash was one of the biggest factors in the cause of the Great Depression. Banks started to also crash losing peoples savings and making people panic.
There were many factors that led to the United States to go into the great depression. For example, the main one was the crash of the stock market. After the stock market crashed. Many banks had to close, and many people that had their moneys in the bank, lost it all. Also the amount of loans and debts that were created do to world
The female wage earners were often white, young, and unmarried. Most young women would expect to spend their money on things that are enticing to them (makeup, clothing, etc.). However, they were expected to contribute to their households with sharing their wages. They were not permitted to spend their paychecks frivolously and expected to pitch in to help with their families’ costs. Though there were 3.6 million women working in nonagricultural jobs, their pay was a “third to half of the pay for men” (Dubois, 295).
Some of the main reasons that made the Great Depression so severe were, the U.S. no longer had the frontier with its economic troubles, meaning that the U.S safety valve had vanished. No matter how far anyone traveled across the United States, they would still be trapped inside the horrible depression. Besides being trapped within the depression some of the main causes for it revolved around Overproduction and Overspeculation. People would often but stocks with only 10% down payment and they would then pay the rest with
Imagine that one day you’re living a life of average or good wealth, good job, and, great homes. Then just imagine that all of a sudden all of that is taken away from you in an instant. You are then left with nothing now roaming these poor American streets in desperate hope of jobs. Unfortunately, events like this did happen in real life and many real Americans had to live with this economic nightmare. The United States suffered one of it’s biggest economic depression from 1929 to 1939 which was known as the Great Depression.
Dakota Gibbons Mrs. Skrobul Great Depression DBQ 11 February, 2015 The Great Depression Throughout United States history society has been separated into factions based on people's’ religion, race, and sex, but no matter which faction someone belonged to they were again separated based on wealth. In the late 1920s and throughout the 1930s, the U.S. went through a period of recession known as The Great Depression. During this period more and more citizens dropped from their economic classes until they were confsidered to be a part of the lower class while living in poverty.
The Great Depression was caused by speculation and installment buying, income maldistribution, and overproduction because each of these factors combined made the economy worse before and after the stock market crash, which led to The Great Depression. Speculation and installment buying helped caused The Great Depression because people were buying so much stuff on credit, when
The Great Depression was an enormous economic downfall in the history of the United States and was also a very hard time for many Americans. People had lost jobs, markets went bad, banks had shut down, and unemployment rate has gone up. It had lasted from 1929-1939. During the next several years, buyer spending and investment had dropped, causing a decline in industrial output and raising the unemployment level. It began with the stock market crash on October 29 1929, which had lost millions of investors, markets had lost $30 billion dollars in two days, making it ten times more than the annual budget the U.S had spent for WWI, and prices were dropping until the end of November.
There were a variety of causes that caused the Great Depression, but the main cause that started it was a decrease in spending. This led to production decrease because manufacturers and merchandisers did not want to have unused items just sitting on the shelves. In October of 1929 the stock market crashed. The United States stock prices had reached levels that could not be justified by sensible predictions of future earnings. The results of this were catastrophic.
Did you know the Great Depression was the deepest and longest economic downturn in the history of the western industrialized world?The lowest point for America where the economy was at a severe downfall. The Great Depression started on October 29,1929, ended in 1939.How America was able to overcome the Great Depression was because of World War II and big government military spending that finally broke the depression’s back (Doc.5). In these hard times for America it; was able to sustain itself over the downslide of falling stock prices and when the stock market crashed. The Great depression was one the most difficult time for Americans where there were people in severe poverty and often jobless. The causes of the Great Depression was speculation,