Many new farmers came to the plains in hopes to escape the depression. They used very poor farming techniques which disrupted the environment. With the especially dry climate, and thousands of new farmers using poor techniques, this created the disaster known as the Dust Bowl. Many people debate about how the dust bowl happened. Some say it was the weather, but the poor cultivation of the farmers in the early 1930s was the real cause of that tragic
The economic depression affected families who were not rich.Banks greed and guilt is what started this it drove lots of families to get up and leave to find work. In the book John Steinbeck states, "And now they were weary and frightened because they had gone against a system they did not understand and it had beaten them. They knew the team and the wagon were worth much more. They knew the buyer man would get much more, but they didn't know how to do it. Merchandizing was a secret to them"(Steinbeck,pg.97).
A major cause of the depression was that the pay of employees did not increase. Because of this, people couldn't afford manufactured goods. While the factories were still making the goods, Americans could not afford the goods and the factories made no money. Farmers weren't doing so well because they were growing more crops and farm products than could be sold at high prices. The uneven distribution of wealth that took place throughout the 1920s grew substantially during the Great Depression and the 1930s.
Facing this severe amount of loss is not an easy task for the public to face, and many could not bear it all together. Going from having a very decent life to basically fighting tooth and nail to keep your home is a tough concept to fathom for most of America today, but it was the reality. An essay by Robert J. Hastings, “Digging In”, perfectly paints the mindset of his family and most of public in regards to what they had to give up. In this dissertation, Hastings writes about how the state of the economy was and that they gave up whatever possible: “With no dependable income, we cut back on everything possible… turned off city water… sold our Model T Ford…”. Perhaps his feelings toward cutting back are a little softer in retrospect, but picturing what was then lacking in homes completes the perspective on the Great Depression itself.
However, crops and livestock prices declined after the war was over, and they plummeted when the stock market crashed in 1929. Economic problems were not the only problems farmers faced. They entered a decade of drought, never before experienced in America. What they did not lose in the economic collapse, they lost because of the drought and an environmental disaster, the Dust Bowl, a severe dust storm that damaged farmers’ land and property. Fortunately, when Roosevelt became president, he quickly implemented legislations
During the 1900s a “Great Depression” hit America and not only America but countries worldwide. The depression took place as late as the roaring twenties. The great depression was an economic decline caused by the stock market that affected America’s government and especially its citizens. At the time, president Herbert Hoover believed that the economy could recover on its own and had no interest in involving the the federal government with the crisis. In sum, many Americans and migrant workers suffered immense poverty.
The population of Europe decreased significantly due to both disease and starvation. The Black Death also affected the economy of Europe due to lack of consumers and producers. However, it also set the foundation for the rebirth of Europe known as the Renaissance. The Black Plague started out as the Great Famine that only affected the poor and not as much as royalty, making the social gap very large, but then turned into the Black Plague making the social gap go back down due to the disease having little discrimination on its
The Great Depression started as a Recession, but with policy mistakes by the federal government with the Federal Reserve caused money supply to shrink which made the Recession worse, causing the Economy to drop even further which lead to the depression. Banks failures in the 1930’s caused over 9,000 to close, and surviving banks were less willing to grant loans because they were more concerned about their own survival. Reduction of buying materials all around the country which caused less products being built which lead to a shrink of the work force across the USA. The American Economic policy for Europe lead to much less trade between the USA and Other Foreign Countries. Drought in the Mississippi Valley made it extremely hard for Farmers to pay bills and taxes which lead to the Farmers selling their lands and Farms for little to no profits for themselves.
The cotton factories in specific were known as terrible places. They over worked and underpaid their staff who desperately needed money. Farmers were also heavily hit by this depression. By 1920 almost all farmers went into debt by buying machinery and land. They borrowed money to buy this machinery thinking it would help them produce goods faster and make more money however, that didn’t really happen.
The Great Depression of 1929-1939 was the most severe and the longest depression in U.S. history. Even though the stock market crash of October 1929, was the major factor for the depression, other factors contributed to the great depression. During the 1920s, America was experiencing a false sense of prosperity. Another problem was overproducing too many industrial goods which decreased the prices, and on the other hand, not having enough buying power due to the disparity between rich and poor (40% of the nation’s wealth was owned by the richest people that consisted only 1% of American population), also contributed to the great depression. During the 1920s, high tariffs on imported goods increased the profits of American companies, but as