How Did The Great Depression Affect America

Why was the Great Depression such a hard time for Americans? In 1929 the stock market crashed in America. Which resulted in massive amounts of disarray, and caused Nine Thousand U.S. Banks to Fail. During the Great Depression of the 1930’s, African Americans were hit the hardest by the scarcity of jobs and money. During the Great Depression almost all of the blacks were fired from their jobs and had no way to sustain themselves or their families due to the loss of food and money. After being fired it was nearly impossible for them to get another job, and if they did happen to be hired they received almost no pay. John Hardman wrote, “The Great Depression of the 1930s worsened the already black economic situation of black Americans. African

The Great Depression first started as early as 1928, but did not affect the United States until 1929. The Great Stock Market crash started the event of the Depression here in America, but was not the main cause to why it happened. During the early stages of the depression, President Hoover failed to help the economy and continued with his belief system of giving people the least help they needed, so they can earn themselves a rightful spot with pride, not with government’s help. The Great Depression was a very intense experience for us, even until today, the

The Great Depression was a very influential era in American history, affecting many future generations. One of the most prevalent impacts it had on society was the extreme poverty that swept across the nation, affecting both people in cities and in the country. The main cause for this poverty was the mass loss of jobs among the middle class. Millions lost their jobs and consequently their homes. Families lived out of tents and cars in shanty towns or Hoovervilles. In these camps, many people didn’t have their basic human needs met, children and adults alike starved. They lived in clothes that were caked in dirt and tattered, too small for growing children and too cold for the frail elderly. Government relief programs attempted to help but offered little support to the now impoverished families of the millions that lost everything.

• The United States Senate refused to ratify the Treaty of Versailles, making it impossible for the United States to join the League of Nations.

The Great Depression was caused by the stock market crash in 1929. The Great Depression was very sad time for Americans, who faced many adversities which ultimately changed the way they lived. During this period of time unemployment rose to nearly 25% of the population, those who did not lost their job saw a dramatic decrease in their pay.

Businesses were greatly affected by The Great Depression. As banks started shutting down the whole American economy started experiencing deflation. Deflation is when money starts to have less value. Because of this, businesses began to cut costs meaning they would need to lay off workers. The workers being laid off can't buy anything so companies can’t sell anything. This results in the company eventually having too much inventory which they cannot sell. The companies would then have to resort to reducing their prices to sell all their stockpiled products. This causes profits to drop, making companies lay off more workers, repeating the cycle again and eventually lead to the company going bankrupt.

The Great Depression of the 1930’s was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.

Many americans were affected by the crash because they depended on the stock market. The banks suddenly started to fail also, after the stock market crashed. Some banks started to shut down. The industrial production dropped by half. The farmers could not sell any crops because the prices had to increase. In 1930, the first banking panics began. President Hoover wanted support the falling industry and banks. He tried hard to make loans and help the country. The crash of the stock market was only the beginning of the great depression. Banks were forced to closed, causing clients to lose money and income, making them have a hard time. They had to figure out how to keep up with their incomes and wages. How to help out their family. They lost their jobs and that made it difficult for them to pay their needs. While the jobs became more scarce, unemployment was abundant. The great depression also cause other types of people to become unemployed.

A disaster that occurred in the economy was known as the Great Depression which affected people socially, economically, and politically. In 1928 President Herbert Hoover gets elected president of the United States. It was not easy for people at this time. They learn many things like once the banks recover they do not trust them anymore. The Great Depression lasted 10 years.

How did the great depression affect the united states? The great depression affected the united states in many ways, but one of the major factors that affected the united states during the great depression was the economy plummeting. The Great Depression was caused by investing in stocks, The stock market crashing and unemployment rates. One of the reasons why the Great Depression was caused is because of investing in stocks. "Suppose a man marries at the age of 23 and begins a regular saving of fifteen dollars a month and almost anyone who is employed can do that if he tries. if he invests in good common stocks and allows the dividends to accumulate, he will a the end of 20 years have at least eighty thousand dollars and an income from

The topic I would like to choose for the historical investigation is Great Depression. I would like to choose this topic for the historical investigation because it effected so many different aspects of the history. The Great Depression was considered to be the worst collapse of the America’s capitalism. Furthermore, it occurred for almost a decade. The research question I would like to explore is: “What was the impact of the Great Depression on society: African Americans, Mexicans, and women?” I would like to explore this because I would like to know how the Great Depression impacted the various ethnic groups and genders as to what type of struggles they faced, opportunities they received, and so on compared to today.

A significant outcome of the Great Depression that impacted society was unemployment. Many people lost their jobs as a consequence of businesses becoming corrupt and often ceasing to operate. Due to the growing unemployment rates, people could “ill afford to maintain [homes]” (Text 3). Left without money or shelter, people were forced to beg for food and money.

Many people speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash. The effects were detrimental beyond the financial crisis experienced during this time period.

The Great Depression is a defining moment in time for not only American, but world history. This was a time that caused political, economical, and social unrest. Not only did the Great Depression cause a world wide panic, it also caused a world wide crisis unlike any before it. This paper will analyze both the causes and the effects of the Great Depression in the United States of America.

There are various factors that led to the Great Depression. To begin, the lack of bank regulation was a big factor. The Federal Reserve Act which made banks have money on reserve, was not enforced. Another big factor was easy credit, Easy credit made it easy for people to get money out the bank without having the money to pay it back. Furthermore, the reduction in purchasing across the board can easily be said to be another key factor. With the stock market being down many people within every social class stop purchasing items. Which would cause a decreased not only the number of items being purchased but also the loss of people jobs. Many people had thing on layaway, so usually they would just pay for it monthly. However once they lost their