The Great Depression was a severe worldwide economic depression in the 1930s. It was the longest, deepest, and most widespread depression of the 20th century. It challenged American families in major ways, placing great economic, social, and psychological strains and demands upon families and their members. Millions of families lost their savings as numerous banks collapsed in the early 1930s. In addition, farmers lost their crops and failed to make a living. Since many were unable to make mortgage or rent payments, they were deprived of their homes or were evicted from their apartments. Both working-class and middle-class families were drastically affected by the Depression.
Much of the nation was enjoying a manufacturing and production boom in the 1920s, when the price of cotton began to fall. The Great Plains were hit hard with both a drought and horrendous dust storms, which was known as the Dust Bowl. Years of overgrazing cause the grass to disappear leaving the topsoil exposed, the high winds picked up loose dirt destroying farmers’ crops. The boll weevil had also destroyed many of Georgia’s cotton fields and ruined small farmer’s chances of making a living. Many had to abandon their farms and move to cities or out of the state. Georgia’s dependence on cash-crop agriculture was the main root for its rural
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economy plummeted into the Great Depression. He believed in a limited role for government and worried that excessive federal involvement posed a threat to capitalism and individualism. He vetoed several bills that would have provided relief to desperate Americans. Hoover shouldered much of the blame from the American people as he failed to realize just how severe the Depression had gone. He was viewed as insensitive toward the suffering of millions of Americans. As a result, Hoover lost by a landslide in the 1932 presidential election to Democrat Franklin D.
In addition to that, a bigger problem was Hoover didn't promote widespread employment for the whole country, as he was scared of the taxes people were going to pay, instead, this led Hoover to fear direct intervention from another perspective. A large focus on policies and millions of dollar loans for banks plus the economy that wasn't effective, not on the people starving on the streets, made him unpopular also. By the time his presidency ended, things were getting much worse, only with very slight improvements, even though he was praised for his desperate attempts by some people, for the quickly worsening situation, stubborn beliefs, and lack of government or nationwide relief
The lack of crops led to food shortages and increased prices, making it challenging for families to feed themselves. The Dust Bowl led to mass migrations, as people left their hames in search of better living conditions. The lasting effects of the Dust Bowl continued long after the Great Depression and it remains a reminder of the horrible effects caused by the environmental
Although the result of the Great Depression did not go in favor of Hoover, he did try to improve the situation by making changes which ultimately made the situation even worse. One defeat Hoover had as President was the signing of the smoot-hawley tariff. Hoover signed the tariff so he could get more money from other countries. But by signing it, other countries turned their backs to America because the cost to import materials into the US increased. By this cause, the citizens of the US thought that Hoover did not care for the wellbeing of the citizens.
Great Depression The Great Depression was from October 29, 1929 – 1939 was long and hard. Everybody lost their money home and food belongings. You either had to sleep under a bridge or in a box car. And, to make money people would cut kids hair for just 10 cents each or paint an entire house for 20cents. When people became homeless.
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson
he Great Depression was a time of huge economic downfall. During this time period people lost their homes, money, and everything they had ever earned. Millions of people were affected, including the middle and lower classes, who would just become poorer. People in upper classes, even dropped to the lower class. This downfall began on October 29, 1929, and the leading cause was the crash of the stock market.
The wealth during the 1920s left Americans unprepared for the economic depression they would face in the 1930s. The Great Depression occurred because of overproduction by farmers and factories, consumption of goods decreased, uneven distribution of wealth, and overexpansion of credit. Hoover was president when the depression first began, and he maintained the government’s laissez-faire attitude in the economy. However, after the election of FDR in 1932, his many alphabet soup programs in his first one hundred days in office addressed the nation’s need for change.
In what ways did the Great Depression affect the American people? After a decade of economic prosperity, what seemed like an era that defined the concept of the American dream, quickly came to an end when the stock market on Wall Street collapsed in 1929. The aftermath of the events that occurred on Wall Street would put its heavy mark on the years to follow among the citizens of the United States. Banks closed down, unemployment rose and homelessness increased. It was a widespread national catastrophe that had its impacts on both poor and rich.
The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.
Both, urban and rural Americans suffered during the Great Depression, but not in the same way. Many urban Americans had to deal with living in large communities of homes made out of cardboard boxes due to homelessness and lack of food in the cites (Schultz, 2013). At the same time, rural Americans were losing their farms due to the crops as a result of the drought. The Great Depression was a perfect time for the Communist Party of the United States to thrive, as a large portion of Americans believed that Capitalism was the cause of the whole thing.
The experience that the majority of urban and rural Americans shared together during the depression was a flat out lack of income. The differences were very few, but in the cities, the depression was more prominently visible because of a higher percentage of the population (Schultz 2014). Besides the lack of income and employment, most Americans underwent periods of time being extremely hungry. In the cities, people spent hours waiting in breadlines and were losing their homes to only end up living on the streets in communities referred to as "Hoovervilles" nicknamed after the president (Schultz 2014). In the country, families suffered because of unusual droughts of the 1930 's that caused crops to fail miserably meant the already indebted farmers commonly lost their properties.
Lastly, one of the major contributions to the Great Depression was the failure in banks. The failure of banks led to the loss of savings, a reduction in available credit, and a decrease in consumer confidence. President Herbert Hoover's administration was also greatly blamed for the Great Depression. His policies were seen as inadequate in addressing the economic crisis. However, I think it is important to know that the Great Depression was a complex tragedy.
In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time.
The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.
Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.