How Did The Great Depression Affect People's Life

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"There is no cause to worry. The high tide of prosperity will continue." The Great Depression started on March 25,1929. In the Great Depression people lost started people lost their jobs and half of the banks failed. Why do black people get treated poorly Know one had money for them to have in their bank.The Great Depression did not affect people in the same way. It did not have a great impact on rich people's lives because they had money, food, a place to live, they had everything they needed to survive.The poor people on the other hand had nothing they had nothing that the rich people couldn't live without. "The United States had not fully put the economic woes of the Great Depression." Why everything happened the way it did and created…show more content…
The Great Depression was a horrible time for farmers and people, because prices went up for food farmers started to lose their farms.People started to live on the streets with no food because jobs were very scarce so no one could get a job.Stores were closing because they had less customers and no one had any money,so more the one hundred people got laid off their jobs because of that reason people ended up homeless on the streets with no food . “The Fed began raising the fed funds rate in the spring of 1928. It kept increasing it through a recession that began August 1929.Tom) The Depression made people create different routines with their lives and what they were doing daily,and enlarged responsibilities that mattered in their lives. They had to realize that food and mostly everything was scarce because no one had money or a home. In 1933 the economy didn't recover until 1937, then it wasn't till the 1940s that previous levels of output were surpassed but then people thought how long the Great Depression would have lasted because of world war two, because that was a major part of the Great Depression and if it did happen know one would know how long it would last and how much more that it would affect people's lives. “Between 1921 and 1929, output per worker grew about 5.9 percent per year, roughly double the average in the twentieth century.(Fran)” Because of the great Depression families split up or…show more content…
The depression was caused mostly bey overproduction which increased to disparity in income that developed in the 1920s, for the poor sended a greater income than the rich did because people thought the rich deserved more than the poor because they thought the poor didn't need anything to survive because they were horrible people. “The Great Depression was thought to be the final crisis of capitalism, a crisis that required major institutional restructuring.(Kei)” The Depression affected countries all over the world but every country handled it differently. Some didn't get it as bad as some countries it just depended on what happened their,for example great Britain struggled with really low growth and money during the 1920s but they did not get into the severe depression like some countries did. The depression affected different places differently. Some countries didn´t get it the worst part of the Great Depression so some countries had food they could buy they had money to buy the food they needed they could get what they needed for their family to survive, they didn't have to worry about if they lost their house and live on the streets in some places if they were not poor . “Germany's economy slipped into a downturn early in 1928 and then stabilized before turning down again in the third quarter of 1929.” The depression was caused mostly bey overproduction which increased to disparity in income that
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