Depression: The Main Components Of The Great Depression

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The Great Depression

The Great Depression was a horrendous time for the American people. The Depression lasted from 1929 to 1939 making it to be the worst economic downturn in the history of mankind. The US suffered serious downturns, including the destruction of the US plantation land which caused several complications with making money. There are many leading components that may have caused the Great Depression, many may have thought that the main factor of the depression was the Stock Market Crash but what they didn’t know was there were major events that led up to the Stock Market that eventually led to the Great Depression.

During the Great Depression, living habits were amateurish, many Americans settled in housing that had no plaster, no rugs or even a heating stove. Many Americans had to live on forty-six cents a day, which made a family’s weekly income come to about sixteen dollars. On average a regular person would make one dollar and eighty cents a day depending on the job they did. According to Document [7], a family of five that lived in poverty had to learn to manage the money they had received and play their cards right when it came to spending money. The husband or wife would go to the mill and work and come back with hardly making a dime.

In 1929 approximately thirty-two percent of American families`
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Many investors relied on securities ( stocks) in hope for making a quick profit. In Document [5] it states that in exchange for making a quick profit most people started to gamble on sticks the same way gamblers wagered on roulette or horses. Securities prices were then forced up by competitive bidding rather than by any fundamental improvement in the American

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