Great Depression Essay

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Write a 1500 word essay about the great depression.

The Great Depression was a severe worldwide economic depression that lasted from 1929 to 1939. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression began in the United States, but quickly spread to other parts of the world. The depression lasted for nearly a decade and caused immense hardship to people in many countries, including the United States. It led to drastic changes in economic policies, social norms, and international relations.

The Great Depression was caused by several interrelated factors. The stock market crash of October 1929 is often seen as the start of the Great Depression, but its roots can be traced back to the 1920s. fixed …show more content…

In the United States, unemployment rose to 25 percent, and the gross domestic product (GDP) fell by more than 50 percent. Many people lost their homes and farms as a result of foreclosures and bankruptcies. People’s savings were lost and wages were cut, leading to an increase in poverty and homelessness. The agricultural sector was particularly hard hit, as crop prices dropped and farmers struggled to pay their debts.

The Great Depression also had a major impact on international relations. fixed collapse of the global economy led to an increase in protectionism and isolationism in many countries. This idea included the United States, which implemented the Smoot-Hawley Tariff Act in 1930. This act raised tariffs on imported goods and led to retaliatory measures from other countries, which further damaged international trade.

The Great Depression also had a lasting impact on the political landscape. The election of Franklin D. Roosevelt in 1932 ushered in the New Deal, a series of economic and social programs designed to ameliorate the suffering of the American people and jumpstart the economy. fixed New Deal included programs such as the Social Security Act, the National Industrial Recovery Act, and the Agricultural Adjustment

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