The Great Depression was known for the worst economic collapse in U.S history. The great depression mostly affected the poor and middle class people. Innumerous of Americans lost their savings when the bank collapsed in the 1930’s.This left many deprived from their homes since they could not met rent or mortgage. There are many causes to the Great depression then just the stock market crash. Many blamed President Hoover and the stocked market but I believe the great depression would still be inevitable
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The Great Depression The Great Depression was a worldwide economic collapse that was caused by a number of things which include: speculation in the stock market‚ inequalities in wealth‚ bank failures‚ and drought conditions. It started in 1929 and lasted until the late 1930s. It was the longest and most devastating depression ever experienced by the Western World. Before the Great Depression‚ there were few regulations that controlled the stock market. Stockholders were able to speculate and
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Get in on the Act: What Historians Have Said About Political‚ Labor‚ Religious‚ and Social Leaders and the Agency of the Common Citizen in the Great Depression War‚ starvation‚ charges of corruption‚ mass migration‚ and desperation are often the subject of intense contemporary and historical scrutiny whenever and wherever they occur. The Great Depression of the 1930s‚ in America‚ contained all these elements and therefore left an indelible imprint on the minds of those who lived and struggled through
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The Great Depression Problems and Solution It’s 1933‚ as you walk through New York City you pass by Central Park’s Hooverville. Filling the whole park are rows upon rows of huts filled with men‚ or families‚ all squished together trying to get closest to the factories‚ with the chance of getting work that day. The Great Depression took over America in the 1930’s after the stock market crash of October 29‚ 1929. Americans relied too much on credit and put everything they had into the stock markets
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The Great Depression of the 1930’s was a worldwide economic depression. Each country saw the effects of the depression at different times‚ but for most countries the depression began around September of 1929. The Great Depression began in the U.S when stock prices began to fall. By October 1929 word of the Stock Market crash had become worldwide news. The negative effects of the Great Depression continued around the world until WWII. The great Depression affected
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Arushi Gupta Mrs. Cook Honors Freshman Comp/Lit 20 October 2014 Financial Strains of the Great Depression During the Great Depression‚ the people in the urban areas coped with the challenge of the loss of their businesses and the people living in rural areas dealt with the problem of losing their land and their source of money. For example‚ the people living in the urban areas lost their jobs as the businesses closed‚ and therefore‚ they weren’t able to earn enough “money to heat their houses in
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The Great Depression lasted was a major depression that started in 1929 and ended in 1939. When it first started‚ it was solely American. As time went on‚ with the United States in a depression‚ the other countries began to slowly fall into a depression as well‚ making the Great Depression a worldwide depression. The banks closed down‚ unemployment was at an all-time high‚ with states averaging 20 percent. Some states had very high unemployment‚ such as Ohio with a 50 percent unemployment rate and
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One of the worst times in United States history was the Great Depression. It was a time of hopelessness and of darkness. The 1920s was considered the gold ages for the United States‚ we were expanded on both technology and the economic. But 1929 the stock market crashed and everything went down. Banks were closing‚ people were getting fired from job The people started to question the government and the president. It took the great attitude of the citizens‚ the election of President Roosevelt‚‚ and
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M Warner History April 23th‚ 2013 Canadian Life during the Great Depression Canadians were faced with many challenges during the Great Depression in the 1930s. The biggest challenges were the drought in the prairies‚ unemployment and being able to provide. It was a tough time to live in for Canadians and many other people around the world. Firstly‚ one of the challenges Canadians faced during the Great Depression was the disastrous drought in Saskatchewan. Canadians had to face the bitter
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The Causes of the Great Depression The Great Depression was a rough time in history for the U.S. in the 1930’s. Poverty was everywhere during this time‚ people were losing everything from homes to cars to personal belongings. Jobs were very scarce‚ just to get one you had to stand outside of a factory or an establishment and the owners will pick a certain amount of people to go work. Banks were failing and were losing money rapidly‚ people who had money in the bank went to go and take it out their
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