Has someone ever talk to you about the Great Depression if not am here to explain how it all started. It all started on morning day in the early 1930 when soon people looked worried about their jobs because factories were going to unemployment workers. Which was not a great thing for the the people or the factories because if the workers were unemployment they would not have money to the buy the products from the stores. So at the end the great depression had a major impact on the United states. The reason was because many men had to have at least two different jobs in order for them to bring food for his family. From my point of view one major thing that made the great depression worst was the overproduction because on doc. 6 it provides …show more content…
Which on doc. 4 it shows how hard it was for people to get a job. Which it lasted for ten years just think to yourself how sad and hard it was for the families that didn’t had a job, that’s the reason why many men left their own families to go out and try to get a job for him and his family could move on but many didn’t had the chance to return with their families. Also many factories fire some of their workers because people weren’t buying their products because people didn’t had the money to purchase the items. So it was a very hard time for the families that had to live during the great …show more content…
Which the the part that got the most damage during the great depression were the telephone which it drop to the lowest. Which also cause companies to get rid of workers and people would not be able to buy food from the companies and soon the companies had to close down. On Doc.5 it shows how the stock market works sometimes it goes down and at the same time it goes up so the best thing to do is to stay loyal to your stock. Which that’s how families lost their money during the great
The Great Depression was without a doubt, a rough time for America and the American economy. Whilst the economy was severely damaged, it affected the people the most. The vast majority, if not all of the citizens had been forced into poverty, struggling to support themselves, where others have family to care for. A wide majority of the citizens resorted to getting multiple jobs. Yet despite this, those whom participated in multiple careers had no reliable income.
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.
Although the 1920’s were booming and prosperous, the United States soon entered a prolonged economic depression. In October of 1929, prices in the stock market began an uneven downward slide (Document 2). As investors decided that the previous boom in the stock market was over, they sold more stock, thus causing the declination to increase even further. Many citizens of the United States were greatly affected by this. Families who had invested in stock lost most, if not all, or their life savings.
Everyone was under the impression that because everything was so great now that everything would always be great, which was false. The Great Depression was an economic depression that took place across the whole world. It took place mainly through the 1930’s. It began in 1929 and it did not end until 1941. It was the longest, most horrible worldwide depression of the 20th century.
Three of the main causes to The Great Depression involved the crash of the stock market, job loss and buying on credit. To begin with, the crash of the stock market was the starting factor that let to the downfall of many lives. The stock market was flourishing with investors but reduced economy by 60% over all (Document 1). Around 4 million Americans including many banks had invested large amounts of money in stocks hoping to earn gains (Document 3).
The Great Depression is the worst economic downturn that America has ever experienced. Over a ten year period lasting from 1929 through 1939, America witnessed hardships like no other. At the lowest point in the Great Depression nearly 25% of Americans were out of work, and that rate increasing by twelve thousand every day. The Great Depression made many people question the “American Dream” and people were weary of the future. Many effects came out of the Great Depression, one being more government programing.
The Great Depression started in 1929 when the stock market crashed. The banks didn’t have enough money to give. President Hoover was a bad president and then when FDR took over he wanted to change it. Hoover did one thing by making the Hoover Dam and saving money by making water into electricity. The Great Depression was the worst bankruptcy in America's history.
These shortages in jobs mean more and more families are having no source of income. Similarly, in Document 2 it stated: “In Harlan County, there were whole towns whose people had not a cent of income”. This caused a horrendous amount of problems like food shortages, no access to clean water, people getting evicted for not being able to pay rent and no health care. Jobs were so rare that men had to stand in public with signs that they need work as it shows in a picture in document seven. Men were so eager to get a stable income that if they couldn't some of them committed suicide because they couldn't provide for their
People similar to the father had taken any jobs he could no matter the oddity or the mother who used every dollar as if it were here last which it fully could have been (Hastings). Finding and keeping jobs had become a hard task considering no one was looking to hire people because they couldn't pay the people to work for them (Hayes).
The Great Depression What do you think when people say “The Great Depression?” You probably think it's really boring and depressed. Yes, it was depressing, but I found it was a difficult and poor time. But I started to do research and dug a little more deeper, and I found the Great Depression was so interesting to learn about. Yes, the people were depressed but learning about how the president tried to help and how billions of people lost money and how people were so poor they couldn't feed their own families.
In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.
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.
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.
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,
The Great Depression was a time of disparity; many people lost their jobs, their families, and the will to live. Many problems arose for the people of the United States. Three specific problems that these people experienced were food shortages which which was made worse due to President. Hoover's philosophy, increased racial discrimination which led to the creation of an executive order, and economic problems for farmers which was solved agreeably. Although many people struggled during this time it also showed the determination of people wanting to get better and not giving up because of how many obstacles were in their way.