The great depression caused a bunch of grief on the families due to all the events killing of their family members, separating families, and leaving them hungry. At this point of the Great Depression, many americans and others around the world thought that they were going to lose everything and the economy was never going to get better. The great depression also known as “Black Tuesday” started October 29, 1929, while President Herbert Hoover was in office. While in presidency Hoover only came up with hoovervilles to get the homeless have a place to stay, soup kitchens were thought of for the homeless to eat, and people also gave their scrap clothes to the homeless to have a little extra warmth during the cold weather. Hoover didn’t give anyone much hope on everything getting better anytime soon.
The Great Depression was catastrophic. It was a critical time period in our history when our economy crashed. People lost their jobs, and families became homeless. Back then, two million people were homeless(Timeline). Today, 564,708 people are homeless(Social Solutions).
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. The world was falling into chaos but no one really knew what to do until President Franklin D. Roosevelt came up with a great solution
was on a downhill slide in the 1930’s. Herbert Hoover was failing to keep the United States above water and the Great Depression had only just begun. On October 29, 1929, on Black Tuesday, the Stock Market crashed and sent investors into despair. The atmosphere in the United States started to decline rapidly, until 1933, when things started to look more promising. Franklin Delano Roosevelt, Eleanor’s husband, was inaugurated into office in 1933, in the midst of the Great Depression.
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 triggered by a collapse in U.S share prices in 1929, after a decade-long economic prosperity. Even though this event’s main cause was in the U.S, the effects were felt all over the world. In Germany, the depression caused a great number of businesses to close, mass unemployment and caused public dissatisfaction towards the Weimar Republic, which then led to a dramatic increase in popularity for the extreme left and right wing parties. However, even though the Great Depression was a significant event on German history, this event is still one of many. The War guilt clause, article 231 states that Germany had to pay a sum of ￡6.6 billion as war reparations, Weimar Germany was allowed to pay in the form of raw materials as opposed to actual money.
Germany went through a great depression, the government tried to make more money to make the depression go away but this was the worst thing the German government could have done. This caused hyper-inflation. The Treaty of Versailles hurt Germany significantly by hurting their armed forces limiting their army to 100,000 men, hurt their economy and industry by losing the Saar region and Prussia losing fertile farming land due to the agreement of the Treaty of Versailles, along with the other major impacting factors Germany had Kaiser and Germany had to pay approximately 6,600 million pounds.
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 (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.
“How did the Nazis gain power?, https://www.theholocaustexplained.org). They printed so much money, that they had become useless and was found in the streets and some would sweep them into sewer drain, kids would make stacks of money, and buying food is way too much to have around. This sudden drop of value in currency is called Hyperinflation and Germany was desperate to pay back the war reparation. As Germany accepted the cause of WW1 and had to pay for war reparations, then “In 1929, the Great Depression happened. It led to American banks withdrawing their loans from Germany, and the already struggling German economy collapse overnight.
THE GREAT DEPRESSION 1929 was the start of the deepest and darkest time for the United States Stock Market and the people of the United States. The Market crash, the loss of American jobs and homes, lead to one of the hardest downfalls in American history. Along with billions of dollars lost due to bad stock trading, over extending on personal credit and the spending of money that had yet to be produced. The American people never stood a chance and in a matter of 10 days the lives of almost everyone changed. In 1928 Herbert Hoover was elected as president.
Great depression begins when the stock market crash in 1929. The consumer spending dropped and unsold goods began to pile up, slowing production. Stock continued to rise. On October 24, 1929 the stock burst investors were dumping stock a record 12.9 million shares were traded that day known as “Black Tuesday”. Five days later some 16 million were traded the stock market had crashed.
The Great Depression of 1929 was one of America’s most influential downfalls that crippled society for years. The depression caused many years of failure and poverty for almost all of society. The government’s role during these times was crucial and critical for turning around the economy. The depression had a major effect on government’s power and involvement with the people and states. The government was less involved before the depression.
Little did anyone know, everything they did was gradually setting the country up for economic demise. Factories were producing more than people could purchase, therefore losing many materials and money. Plus the government was giving out loans that people couldn’t pay back, which gradually brought debt throughout the country. Political wrong-doings, unhealthily high productivity rates, unequal distribution of America’s assets; these were all things that seemed good at the time, but proved to be more bad than good as it led America into its darkest time: The great Depression. At the time of The Great Depression, the US president was Herbert Hoover.
The great depression was shortly after the stock market crash which unemployed many americans and put many businesses out of business. The first long term cause of the great depression was agriculture. More specifically, it was when the farms over produced during World War I. This caused the depression because farmers took out loans to produce goods and the more they produced the more the prices dropped. The second cause of the Great Depression is industry.