What Was The Effects Of The Great Depression
Effects of the great depression
In 1929 on one average tuesday the whole world changed, the stock market crashed it symbolized the start of the great depression . Many people blame president Hoover for this disaster . After the crash Hoover said “The worst was behind us and things would soon get better” . So much for that after the crash banks started closing and people became homeless live savings were gone every cent was precious.
Bankruptcy
Over the course of the crash many banks closed some people never trusted the bank again. Several thousand banks closed making the American people vulnerable bankruptcy. Those who were smart saved some nickels and dimes in jars in case of absolute emergency . Also stock …show more content…
Some people were in so bad of poverty they could not but food.
Also as a result of all the joblessness during the depression many waited in long lines for little amounts of food. People wound up in empty abandoned lots scurrying along trying to find sturdy materials to build shelter. Homelessness fell amongst many American people without knowing what to do next .
Now that people didn’t have a lot of money people had to make every cent count. When it came down to it 10 cents had to be 20 cents and choices were tough . It was either this or that apple or orange there just wasn’t enough money to go around. Creatively people didn’t just throw away stale bread. Instead they put leftovers into dishes like garbage stew making money last . As a result more money was starting to be saved and the economy grew bit by bit grinding through the rough days of the depression.
The Great Depression had many effects on the American people . Also It changed a lot of personal opinions. It made people think about their money and how they used it . Also The economy bounced back , people made more money and houses were lived in . If you ask me even with all of the powerful effects of the depression That actually made America better, smarter , and a safer place to
In 1929 on one average tuesday the whole world changed, the stock market crashed it symbolized the start of the great depression . Many people blame president Hoover for this disaster . After the crash Hoover said “The worst was behind us and things would soon get better” . So much for that after the crash banks started closing and people became homeless live savings were gone every cent was precious.
Bankruptcy
Over the course of the crash many banks closed some people never trusted the bank again. Several thousand banks closed making the American people vulnerable bankruptcy. Those who were smart saved some nickels and dimes in jars in case of absolute emergency . Also stock …show more content…
Some people were in so bad of poverty they could not but food.
Also as a result of all the joblessness during the depression many waited in long lines for little amounts of food. People wound up in empty abandoned lots scurrying along trying to find sturdy materials to build shelter. Homelessness fell amongst many American people without knowing what to do next .
Now that people didn’t have a lot of money people had to make every cent count. When it came down to it 10 cents had to be 20 cents and choices were tough . It was either this or that apple or orange there just wasn’t enough money to go around. Creatively people didn’t just throw away stale bread. Instead they put leftovers into dishes like garbage stew making money last . As a result more money was starting to be saved and the economy grew bit by bit grinding through the rough days of the depression.
The Great Depression had many effects on the American people . Also It changed a lot of personal opinions. It made people think about their money and how they used it . Also The economy bounced back , people made more money and houses were lived in . If you ask me even with all of the powerful effects of the depression That actually made America better, smarter , and a safer place to