What Are The Causes And Effects Of The Great Depression

It all started during the late 1929 and lasted until 1939. Great Depression was one o.( t severe economic situation the world had ever seen. The origin of depression was Unite artes lbut with US Economy being highly correlated with global economy, the ill effects were seeita:II round the world with high un-employment, low production and deflation. In overall, it was the most severe and devastated depression ever faced by western industrialized world. Stock markets Crashes, Bank Failures and a lot more, this situation left the governments' ineffective leading to the global economy to what we call today, "The Great Depression".

During the Great Depression, many Americans and adolescents received full affects and suffered. Some were left hungry,
Fourteen million Americans were out ofwork. It's been said the Dust bowls swept across the west and took out large farms and made farm production decrease rapidly. One good thing during the Great Depression was films, music, and books. There were many causes and effects of the Great Depression. One main cause was the stock market crashing. On October 29, 1924 or Black Tuesday, 16.4 million shares of stock were sold. On November 13, 1929 the Dow Jones had fallen from a high 381 to 198.7. The crash of the stock market affected millions. American factories began to close; Thousands of workers lost jobs or received a cut in pay. The Ford Motor factory in Detroit, Michigan, one of the largest Ford factories in America, closed down. Banks in America closed down because they invested people's money into the stock market and when it crashed people wanted their money and the banks just ran out. The Great Depression was also felt in foreign countries. France and England could not afford to pay back their war debts from World War I. The United States congress made import taxes to high which made it difficult for European nations to sell goods to the United Sates. The two main causes of the great depression were over speculation, during the 1920's the stocks were bought with borrowed money, which made the stock market unsteady. Farm production decreased during the Great Depression, much do to the violent dust storms. During these dust storms dust blew from as far as Chicago. The farmers couldn't afford to keep their land because of the dust storms killing crop, and suffocating livestock. The dust storms gathered up dust from plains and made a blizzard of dust. People feared their lives and the lives of their family and friends. To be able to keep their houses the people's family and friends would buy their house from