The Great Depression
The Great Depression took place in the1930s, and was known as the stock market crash. America’s economy dropped, and many people lost their jobs. Many people had little or no money. The stock market did not cause the Great Depression. The Great Depression started in 1929. Purchasing and construction dropped. Farmers were already in an economic depression before the Great Depression swept the nation. There were millions of people that had very little money. The Great Depression went through every part of the country. Many people were forced out of employment. People who were unemployed ranged from 15 to 25 percent of the workforce. In 1939, 17 percent of workers were unemployed. Many people blamed business and financial leaders for the problem. President Rosevelt helped improve the economy. The economy did not fully recover until the war started in Europe. The government took an active role in shaping the economy. Reporter Bruce Bliven said, “there is a line of men three or sometimes four abreast, and block long, and wedged together tightly….For this compactness there is a reason: those at the head of this grey-black human snake will eat tonight; those farther back probably won’t” (The twentieth century 62). One third of the population lacked food, clothing, and shelter. In conclusion, The Great Depression was when hard times swept the nation. “Owners of manufacturing plants could not sell their goods, so they off workers”. Therefore, the 1930s was a hard time for many people.
The Twentieth Century – The Great Depression and World War II (1930-1945). No author. Edited by: Mathew T. Downey, University of California at Berkeley Harvey Green, Northeastern University David M. Katzman, University of Kansas Ruth Jacknow Markowitz, SUNY College...