In what ways did the Great Depression affect the American people? After a decade of economic prosperity, what seemed like an era that defined the concept of the American dream, quickly came to an end when the stock market on Wall Street collapsed in 1929. The aftermath of the events that occurred on Wall Street would put its heavy mark on the years to follow among the citizens of the United States. Banks closed down, unemployment rose and homelessness increased. It was a widespread national catastrophe that had its impacts on both poor and rich.
Impact of the Great Depression on the Rural Population Students learn in history about the Great Depression and the events that occured with it like the New Deal and the stock market crash. As students we think the events that happened seem bad but if only we were there to see it first hand and to realize how hard the impact actually was. The Great Depression caused the rural families to go through the biggest struggles due to all the losses, changes they went through, and not having what they needed to survive or it getting destroyed. First what is the Great Depression
This drought caused many problems. Farmers’ crops wouldn’t grow because there was no water. Crops were dying and so were livestock. The dust bowl happened towards the beginning of the Great Depression. The year was 1930, and the winds picked up to become strong gusts.
Nallely Sagastume Pillsbury US History February 27, 2018 The Great Depression The 1920s was a chaotic time, it dealt with a worldwide depression that affected many countries but most specifically the United States. During this time the economy drifted into a deep decline and left many people jobless and struggling to financially support their families. Many things were going off balance and there seemed no way to solve it, the farming industry fell, unequal distribution of wealth was going around and overproduction was losing a great amount of money, these problems greatly contributed to the Great Depression.
Farmers lose money during droughts. The Robert Lee, Texas drought is the worst drought the town has suffered in 116 years. The ground had gotten so hard that at one point it caused the underground pipes to burst, sending the water up onto the streets. The mayor of the town realized what was happening when the reservoir started drying up, at a rapid
The depression started in 1929 when the stock market crashed, and a lot of shares from people and companies were worthless. This left many people in the United States jobless and without money. The dollar bill would not have the same value until 1944. In the book, Scout sees that Maycomb was a poor town and that nothing bad would really happen that could be worse than the way they were living by saying “There was no worry, for there was nowhere to go, nothing to buy and no money to buy it with”(Lee 6). For example, Mr. Cunningham, who was a poor neighbor, has to pay Atticus with vegetables because he cannot pay him with real money for his work.
One of the main reasons that people fled from the Great plains was the massive drought that occurred. Very few people had the money to pay for water and crops to keep their farms alive and well. By the late 1930s and early 1940s, two and a half million people had fled the Great Plains in the center of the U.S toward large cities and ‘Hoovervilles’(Great Depression. Facts). ‘Hoovervilles’ were towns that consisted of homes that were typically made out of cardboard and sheets For those two and a half million people, life began to become unsustainable as they could not grow crops.
The great depression had a negative impact on the lives of Americans. The great depression effected people all through out the nation, it was a global event. Many lives were greatly negatively affected. First off the great depression left many people homeless with no money or food. Family roles changed men struggled to find jobs.
The Great Depression (1929-39) was the most profound and longest-enduring financial downturn in the historical backdrop of the Western industrialized world. In the United States, the Great Depression started not long after the share trading system accident of October 1929, which sent Wall Street into a frenzy and wiped out a huge number of speculators. Throughout the following quite a while, purchaser spending and venture dropped, bringing about steep decreases in modern yield and rising levels of unemployment as coming up short organizations laid off laborers. By 1933, when the Great Depression came to its nadir, exactly 13 to 15 million Americans were unemployed and about portion of the nation's banks had fizzled. Genuine yield and costs fell continusely.
When the Dust Bowl came it completely destroyed the agriculture due to the severe drought that had come before the actual storm arrived. Some of the farmers managed to actually farm the areas of the drought, but once the storms arrived
There were huge dump makeshift towns abundant with lost families; called “squatter camps” or “Hoovervilles of California”. There were countless wanderers, starving destitute families, desperate for any job to feed their own. These nomadic people were living in extreme property because their lands were destroyed and they lost everything , many small farm owners or business owners themselves, lost all that they owned and had no other choice, but to travel from place to place and try to find some source of income. Farm work wasn’t the easiest job to do, but for most it was all they knew. In addition, large industrialized farm corporations targeted such areas such as the Hoovervilles primarily because of how inexpensive their labor would cost them and how many desperate migrant farm laborers they could choose from.
During the Great Depression, life wasn’t easy. Many farmers lost their farms (about.com) and many familes lost their savings as the numerous amount of banks collapsed in the early 1930s. Because these familes could to not pay for rent payments or mortgage, they were forced out of their homes or were evicted from their apartments. Unemployed and underemployed male heads of the familes founded the depression to be extremely difficult, because in thraditional concepts, the men were the providers of the familes.
The Great Depression was a worldwide economic downturn that began in 1929 and went on to 1939. This was the longest and worst depression experienced by the western world which caused fundamental changes in economic institutions, macroeconomic policy, and economic theory. It originated in the United States but the Great Depression caused rises in unemployment rates, declines in output, and deflation in almost every country. The timing and harshness of the Great Depression was different for every country, some were more affected than others
Bank failures began and spread rapidly, fourteen thousand business failed by the end of the year, and the next four years were spent in the worst depression ever seen. The government struggled to cope under the crisis, and opposition to the gold standard began. Federal and state governments were unable to alleviate the effects of the depression on its people, and unrest throughout the nation began. Unemployment climbed to 20 percent and thousands of strikes occurred in the duration of the depression. The depression ended in 1897, and the government had the help of investors to help bail the country out of the severe