Section 3 In the 1930’s there was a sudden drop of the economy‚ this was called the Great Depression. This was a time of mass unemployment. The people in america had though life of living in camps similar to refugee camps and doing anything for money. The real cause of the Great Depression is unknown‚ but the most popular examples are the banking system‚ the economy and the federal house. First‚ there was a weak banking system. When the stock market finally crashed in October 29th 1929 $14 billion
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The Causes of the Great Depression Introduction The young man shivered as the wind ripped through the large wooden crate‚ his temporary home as he searched for work in Toledo. Three months ago he defaulted on his mortgage loan and the bank seized his farm in Indiana. As his wife and kids lived with his in-laws‚ he ventured to the city in hopes of a job. He wondered how his fortune and that of his country could change so drastically. The Great Depression was
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Causes of the Great Depression Many people think that the Great Depression was caused solely by the stock market crash. Anybody who tells you this probably didn’t pass U.S. History in high school. The fact is‚ the Great Depression was caused many different factors. Four of which were overproduction‚ uneven distribution of wealth‚ protective tariffs‚ and the four "sick industries" of the 1920’s. After World War I‚ new technological improvements helped factories to produce higher quantities
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The Great Depression was an awful point in history. It was a worldwide economic slump of the 1930’s. Banks‚ factories‚ and shops all closed. Millions of people were left jobless. Many people had to depend on the government or charity to provide them with their everyday needs. Rising unemployment‚ declining production‚ and falling prices spread rapidly to the rest of the world in the early 1930’s. The Depression caused world trade to slow down a lot‚ as countries tried to help their own industries
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faced. The Great Depression lasted from 1929 – 1939‚ was a terrible time that left millions of people bankrupt with no money at all. According to Christina D. Romer‚ “The economic impact of the Great Depression was enormous‚ including both extreme human suffering and profound changes in economic policy” (Romer‚ “Great Depression”). It created many issues for people across the nation‚ leaving them with ten years filled with nothing but misery and despair. From the causes of the depression all the way
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Causes of Economic Depression The Great Depression was caused by three main things: The Stock Market Crash of 1929‚ Bank failures‚ and American economic policy with Europe. During the 1920s the economy was very strong. It rose at a constant rate that it was almost unlikely to fall. The constant growth of the economy made it very popular. It became the word on the street and people found it as a way to get rich very easily. Many people wanted to buy stocks but did not have money to‚ so‚ they
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There have been many catastrophic events in the United States. Some helped the nation come together. Although others broke our country and made it feel almost impossible to recover. The Great Depression was one of the longest and deepest economic slumps to occur in the world. The Great Depression started in the summer of 1929 with what was thought at the time a small recession. Stock prices slowly climbed and production of goods slowed down. In October of 1929 the stock market crashed. Around 14
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when the Great Depression hit my country in 1929. During that time‚ I was the president from 1925-1940. It mainly affected our economy and society. Those 15 years spent as a president of a notable country‚ was harsh and challenging. As a president‚ you were responsible for the country’s economic‚ social‚ and political state. Your people have so much trust in you‚ that when anything happens to the country‚ you are the “cure” for it‚ or you are to blame. To begin with‚ the Great Depression of 1929
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Causes of the Great Depression Starting in the year 1929 and lasting throughout the 1930’s‚ what would soon be known as The Great Depression‚ which was a time were many Americans were unemployed‚ homeless‚ and even starving to death. Consequently‚ these events were deprived from phenomenons during the 1920s like the stock market crash‚ over production‚ and business failures. One of the first causes of the Great Depression was the stock market crash. It began on October 24‚ 1929‚ also known as Black
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The Great Depression Overview The Great Depression was the deepest economic downturn of the Western industrialised world and last for ten years. It occurred on 1929 to 1939‚ beginning with the collapse of the New York Stock Market on Wall Street. Due to the decline in economic activity‚ millions of people were in poverty and left 28% of the population in the US without an income. It mainly affected the middle class families rather than the rich class who were oblivious to the situation. Causes Before
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