The Great Depresion

Topics: Wall Street Crash of 1929, Stock market, Unemployment Pages: 2 (570 words) Published: February 5, 2013
The Great Depression
The Great Depression which began in 1929 was the greatest economic crisis in the U.S. history. The period altered the political and economic institutions in the United States. The great depression brought with it deep social and personal problems as well as new strains of thought and culture. I believe that during the great depression it had a great impact in the economics because of many reasons. One of them is the stock market and it cost business to be foreclosed. It also affected social but not as much as the economic. And the least affected is political because they got affect just little.

One of the things that had a great impact on the economics was that in 1929 the stock market crashes and it was one of the major causes that led to the Great Depression. In hand out 4 it says that; Two months after the original crash in October, stockholders had lost more than $40 billion dollars. Even though the stock market began to regain some of its losses, by the end of 1930, it just was not enough and America truly entered what is called the Great Depression. This is one of the reasons and another reason is that it led to a reduction in the number of items produced and thus a reduction in the workforce. As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans and their items were repossessed. More and more inventory began to accumulate. The unemployment rate rose above 25% which meant, of course, even less spending to help alleviate the economic situation.

During the Great Depression lots of people was affected. They made lots of people do things they wouldn’t normally do. One of the things that had a great impact was that crime rate rose as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition. Prostitution was on the rise as desperate women sought ways to pay the bills. Health care in general was not...
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