The great depression was stressful and the most powerful downturn. The great depression started on October 29, 1929 and ended in 1939. The great depression started when stock markets crashed that meant business closed and money was harder to earn, banks closed, less jobs, not a lot of money. It all occurred in us many people were left unemployed or without a home. People found strategies to save money such as waiting until the prices were as lowest possible many sellers would have to sell the item at a price lower than what they bought it for making no profit Life during the great depression was a really hard period of time, the great depression lasted for 10 terrible years. Canada was especially hard hit by the depression because
The Great Depression was an economic crisis that took place all over the world during 1929-1939. America and other nations were not prepared nor expecting this. Before it hit, stocks were high, businesses were thriving, and jobs were full. This event made the Roaring Twenties turn into one of darkest times in American history. The Great Depression was mostly caused by speculation/installment buying, banking, and unemployment.
The Great Depression was devastating to many people. From 1929 - 1939 life was a struggle. This all began when the stock market crashed in 1929 causing a great effect on people. Most stopped using banks and no longer trusted them. Jobs were scarce and people looking for them were plentiful.
The Great Depression occurred after the huge stock market crash in 1929. However, the impacts were on going till the 1930s. Many individuals were affected by this stock market crash which led to destroying young innocent lives. This was the time where a majority of individuals were happy that WW1 is over, but then again it went back to a horrible state due to stock markets. For instance, for those who had a credit card and spent a lot of money on the loan they borrowed came out as a horrible lifestyle when Great Depression happened.
The great depression was basically an economic downturn which lasted from 1929 to the early 1940s, it was an over-the-top stock market and a drought that hit the South. In an attempt to end the Great Depression, the U.S. government took direct action to help fix the economy. With this help, the Great Depression finally ended with the increased production needed for World War II. The great depression began right after the stock market crash on October 1929 causing a huge panic on Wall Street, this caused many investors to be wiped out. Several years later you could see that the consumer spending and investment dropped causing a decline on the industries and high unemployment was at its peak laying of millions of workers, by 1933 about 15 million people were unemployed
The great depression was a very hard time for almost all Americans. In 1930 there were 5 million people unemployed and it was up to 13 million by the end of 1932 in America. Almost all of America was classified as poor and didn’t have a living wage and most of America was falling apart. The three most impactful reasons that the Great Depression happened in the United States was because of the stock market crash, unregulated banking institutions, and overextension of credit/excess consumerism.
The great depression The great depression was the greatest economic fall in the history of the United States. People had to live through hardships during the period of 1929-1939. During the depression banks closed, the stock market crashed, and a lot of people lost their jobs and became homeless. The great unemployment rates created backset in employment and economic production.
The Great Depression was one of the biggest setbacks in American history lasting from 1929 to 1939. It started in October 1929 after the stock market crashed eliminating millions of investors. During the next couple years, spending and investments severely dropped causing companies to lay off workers. The Great Depression was at its all-time low in 1933 when more than 13 million Americans were unemployed, and the majority of the country’s banks had failed. Herbert Hoover wasn’t even eight months into his presidency when the stock market crashed on Thursday, October 24, 1929.
The Great Depression was a hard time for the United States. The Great Depression was a huge plunge in the economy. There were many factors that contributed to the Great Depression. The stock market crash was one of the biggest factors in the cause of the Great Depression. Banks started to also crash losing peoples savings and making people panic.
The Great Depression was one of the lowest economic struggles in Canadian history. Throughout this tough time period banks started failing and shutting down. Businesses shut down as well because they were going bankrupt. Additionally the drought that hit in the mid 1930’s caused many people to lose their lives or flee the country. The Great Depression was caused by many social, economic and environmental issues.
The Great Depression started in 1929 when the stock market crashed. The banks didn’t have enough money to give. President Hoover was a bad president and then when FDR took over he wanted to change it. Hoover did one thing by making the Hoover Dam and saving money by making water into electricity. The Great Depression was the worst bankruptcy in America's history.
The Great Depression was a time of large economic struggle that took a toll on the lives of many American people. The depression affected the people of the United States in many different forms such as the Dust Bowl, homelessness, and the failure of banks. Each of these aspects reflect how it was to experience the Great Depression in the 1930s. The collapse of the United States economy affected everyone farmer or businessman in different ways.
The Great Depression In October 1929, one of the darkest periods of the world's economy began and would not end in most places until ten years later, in 1939. This period was the Great Depression. The Depression, or "The Great Crash", came after the Roaring Twenties’ economic burst and hurt the everyday lives of people around the world and the economy.
The Great Depression was a deep and harsh downturn in the economy and market. The stock market crashed on October 24, 1929. This was an economic crisis of very small activity of business nationwide in the U.S. Many Americans were in a widespread of agony and despair.
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.
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.