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.When the stock market underwent rapid expansion, the production had been declined and unemployment had risen, leaving the stock prices higher
This was a concern in both the industrial industry as well as in the agricultural industry. Farmers had been producing more food than the public was consuming since the First World War resulting in the farmers becoming debt-ridden by the mid-1920s. Land prices for farmers plummeted by 40% which led to high levels of unemployment across America by 1929. However, despite the fact that agriculture was struggling in America, industry was soaring in the years leading up to the Great Depression. In the so-called ‘boom’ period before the bust many people bought luxury products, such as cars, on credit.
After the end of World War II, most of the world was in ruins, and the United States became the forefront of economic production. However, the government had come into even more control of common lives, and people were losing the last of their self-sufficiency and being able to function independently and support themselves, locking the population into the economic system that continues today while still falsely promising them riches. The idea had become cemented that poor people were poor for a reason and that anyone, if they were talented or motivated enough, could become rich. This belief persisted despite the truth that “poor” people were neither truly poor nor to blame for their circumstances, in most cases. However, this process had not yet completed itself until much later after World War II.
Between 1870 and 1900, an estimated 25 million immigrants had made their way to the United States. This era, titled the Gilded Age, played an extremely important role in the shaping of American society. The United States saw great economic growth and social changes; however, as the name suggested, the Gilded Ages hid a profound number of problems. During this period of urbanization, the publicizing of wealth and prosperity hid the high rates of poverty, crime, and corruption. European immigrants who had come to the United States in search of jobs and new opportunities had fallen into poverty as well as poor working and living conditions.
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 well it is the “worst economic downturn in history of the industrialized world,” it caused so many changes to happen it was like a snowball effect just one thing after
Farmers in the West, both before and as the Depression hit, frivolously worked to farm their land and produce as much agriculture as possible, aiming to fulfil their duty as a “proper” American citizen in fulfilling their role as a hard and productive worker. The ideas of hard work ultimately led to over-working the American farmland in the western United States. As the overworked land was uprooted, displacing these farmers, the ideas of a strenuous American work ethic continued to remain in the minds of these
“An entire nation, it seemed, was standing in one long breadline, desperate for even the barest essentials. It was a crisis of monumental proportions. It was known as the Great Depression” -Kathi Appelt. As seen in this quote here, the Great Depression was a time of economic disaster and failure throughout the United States. The Great Depression lasted for many years and brought countless people down in the mess of it all.
Throughout history, humanity has endured many hardships and struggles. One of the biggest obstacles in American history was the Great Depression in the 1930’s. The government stepped in to try and get America out if the Depression with programs like Works Progress Administration (WPA), Civil Works Administration (CWA), and Federal Emergency Relief Act (FERA). The truth was people were losing jobs, money, places to live, and even family. One of the areas of employment most affected by the Great Depression was the theatre.
This further puts a financial burden of rural communities who see their agricultural activities slowly disappear in favor of cheaper imports from China, South America or the like. As s result, rural economies are often very fragile and lack the robustness of the industrialized urban