The Great Depression is a dark period of American history. This period was earmarked by the implosion of a weakened banking system and resulted in the stock market crash on October 29, 1929. The ensuing years saw an incalculable amount of joblessness, extreme poverty and vast financial ruin. No community was hit harder by this period than American minorities. Still struggling from the unhealed wounds of the civil war, the scars of immigration and sexual discrimination; blacks, Latinos and women faced disparities unlike no other.
The depressions profoundly impacted African Americans. Unemployment was at an all-time during the great depression. However, blacks and other minorities were frequently the first to be let go when layoffs occurred
Click here to unlock this and over one million essaysShow More
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 hit African American groups extreme hard. It was often said they were the last to get hired and the first to get fired. With little to no jobs avaible across the board for them. African-Americans found extremely hard to get jobs that their racial groups regularly held before.
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson
The experience that the majority of urban and rural Americans shared together during the depression was a flat out lack of income. The differences were very few, but in the cities, the depression was more prominently visible because of a higher percentage of the population (Schultz 2014). Besides the lack of income and employment, most Americans underwent periods of time being extremely hungry. In the cities, people spent hours waiting in breadlines and were losing their homes to only end up living on the streets in communities referred to as "Hoovervilles" nicknamed after the president (Schultz 2014). In the country, families suffered because of unusual droughts of the 1930 's that caused crops to fail miserably meant the already indebted farmers commonly lost their properties.
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.
African Americans face a struggle with racism which has been present in our country before the Civil War began in 1861. America still faces racism today however, around the 1920’s the daily life of an African American slowly began to improve. Thus, this time period was known by many, as the “Negro Fad” (O’Neill). The quality of life and freedom of African Americans that lived in the United States was constantly evolving and never completely considered ‘equal’. From being enslaved, to fighting for their freedom, African Americans were greatly changing the status quo and beginning to make their mark in the United States.
The Great Depression was a devastating period in United States History, the economy collapsed, and a staggering 25% of the population was unemployed. During this time, there were large wage disparity gaps that were very prevalent, there was no middle class, you were either wealthy or you were poor. It was hard for family life to continue, parents had to take up two and three jobs to make sure their kids were staying safe, and well. Most of these jobs were odd-jobs, and were temporary with no sense of security. It was a struggle to find work, and no job was too demeaning for you to do, because you may not find work again.
The worldwide economic downturn known as The Great Depression took the world by storm. It was during this dilemma that every group of americans were immensely affected. None were affected as much as African Americans and racial status. It was this depression that made the already problematic lives of the African Americans even more challenging. Factors which which influenced racial issues against blacks in the early 1920’s through 1930’s were the Second Ku Klux Klan, Jim Crow Laws, the fight for jobs, and the racial riots/lynchings that followed.
he Great Depression was a time of huge economic downfall. During this time period people lost their homes, money, and everything they had ever earned. Millions of people were affected, including the middle and lower classes, who would just become poorer. People in upper classes, even dropped to the lower class. This downfall began on October 29, 1929, and the leading cause was the crash of the stock market.
The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.
America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.
The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.
In 1930, 4 million Americans could not find work, and by 1933 thirteen million people were unemployed (“The Great Depression,” History.com). The unemployment rate rose from 3% to 25% by 1933 (DeGrace). People stopped spending money, and this led businesses to slow down production and to start firing workers (“The Great Depression,” History.com). For the lucky ones who managed to keep their job, wages fell. With the trouble of finding jobs, sometimes children would work when their parents couldn’t (“The Great Depression,” American Express).
and it was a quarrelsome time for race relations. During that period an economic slump, called the Great Depression, had affected many people’s lives as it was the most severe depression ever experienced by an industrialized country. Also factors like the Jim Crow laws and the 2nd Ku Klux Klan resulted in white people discriminating against blacks people. The Great Depresion is an important era in the United States’ history.