The Great Depression was a time of little hope and small dreams. Much of what happened forced young children out of their world out of their world into the adult world. I’ve also had to step up into the vast realm of the adult world.
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.
The Great Depression was not only one of the defining moments in American history, but also one of the most difficult hardships Americans faced. During the Great Depression, which was ignited by the stock market crash of 1929, people faced unemployment, poverty, and changes in government the ultimately shaped America today.
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 by Robert S. McElvaine is pretty straightforward. In the beginning, the book compares the economic crisis of 2008 with the roots of the Great Depression in 1929. He believed that politicians in the twentieth century did not learn their lesson from before. The book also depicts the lives of people during The Roaring Twenties and how the downfall of the economy and overproduction lead to mass unemployment and struggling families. McElvaine’s point of view on the Great Depression was considerably biased. As he points out, “the changing mix of American values in the Depression - was of even more significance than was Roosevelt himself.” What McElvain is trying to express in this quote is that Americans were so unhappy and felt
"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
Yes, concerns about major social and political revolution were justified at the time of the Great Depression. After the stock market crashed, banks failed as well as a result of millions of Americans withdrawing their money. Unemployment ensued because of the rapid decrease of consumer spending. These all mostly affected the working class, since they were the ones who went out of work when the Depression hit. Additionally, the big disparity of wealth between the rich and poor encouraged the Depression; 32% of the country’s wealth went to the richest 5% of people, while only 10% when to the poorest 42%. This near-majority was therefore unable to take part in the consumer economy. The large monetary gap prompted a strong dislike towards the rich
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.
Did you know the Great Depression was the deepest and longest economic downturn in the history of the western industrialized world?The lowest point for America where the economy was at a severe downfall.The Great Depression started on October 29,1929, ended in 1939.How America was able to overcome the Great Depression was because of World War II and big government military spending that finally broke the depression’s back (Doc.5). In these hard times for America it; was able to sustain itself over the downslide of falling stock prices and when the stock market crashed.The Great depression was one the most difficult time for Americans where there were people in severe poverty and often jobless.The causes of the Great Depression was speculation,
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 Great Depression: The Pinnacle of Desolation The Great Depression; one of the lowest points in human history. The world had entered a deep chasm of despair. People were without the money necessary to feed their families and were thus in a forced migration. The population donned the mask of nomads once more by following the migration of sporadic jobs to feed their starving families.
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 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.
The downturn in spending and investment led factories and other businesses to slow down production and construction and begin firing their employees. Much of the devastation during the depression was caused by the Dust Bowl in the western states. The dust storms destroyed a lot of produce and harvest from the farmers. Without the produce from the farmers, a lot of businesses in the cities lost their incomes and ended up losing their jobs. Not only did factory workers lose their