Questions and Answers: Great Depression

Topics: New Deal, Great Depression, Unemployment Pages: 2 (776 words) Published: May 5, 2015
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1. After you have completed your research and examined first-hand accounts of people who lived through the Great Depression, write a detailed summary of your findings, highlighting at least three examples. Include information on these topics: The impact that the Great Depression had on the people you studied. For example: What actions did the people take to survive, cope with poverty, pay bills, remain in their homes or on their farms, etc.? The purposes or goals of the New Deal programs you researched. For example: Was the program geared at providing relief, recovery, or reform? What actions were taken to accomplish its goal? What segments of society did it affect? The effect of the New Deal program on the lives of the people you studied. For example: Did the program help people and/or businesses? How long did it take for people to experience relief? Did the program have a lasting effect? Answer: Human suffering was the most devastating impact of the Great Depression. This economic catastrophe affected the poor and the wealthy. Following the stock market crash in 1929, stockholders lost billions of dollars. Throughout the next decade thousands of banks began to fail for several reasons. This caused everyone with savings in these banks to lose their money due to their deposits being uninsured. This left millions with little to no money. Without money to spend there was a reduction of items being purchased nationwide, this led to a decrease in mass production, which ended in a reduction of workforce. In the end unemployment rates rose exceedingly.

Coping with poverty was difficult for everyone. They made do with what they had, and avoided banks. Instead the loaned to each other, bartering services. They began to diversify their money, not putting everything they had into one...
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