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TGD - Page Text Content

S: The Great Depression

FC: The Great Depression

1: Contents How it Began..............................2 How Long it Lasted..............................6 Life During the Depression..............................10 Who was Affected..............................15 The End..............................19

2: Black Tuesday's stock market crash played a major part in the depression. The crash left many in debt. Banks began to fail. The failure of banks caused a panic, and people began withdrawing their savings. Throughout the 1930's, over 9,000 banks failed. People were spending less, and as a result, production decreased. Businesses began to fail as well. Thousands lost their jobs. In an attempt to help protect American companies, the government passed the Smoot-Hawley tariff, which further worsened the situation. There was also the Dust Bowl that occurred during those years as well.

6: People often cannot distinguish the Wall Street stock market crash from the Great Depression and believe that they are one in the same, which it is not. There were other factors involved as well. The depression did not start immediately after the crash, but it's effects could certainly be felt in the coming years. The Great Depression lasted from the 1930's to the start of World War II.

10: During the Great Depression, the way people lived was drastically altered. Life was difficult. There were many who lacked proper food, shelter, clothing, etc. Shantytowns sprung up everywhere. People lost their jobs. Some, but not all, resorted to criminal measures. Most worked as street vendors, selling apples. A lot of people depended on soup kitchens for food. Soup was the only thing some people ate. During that period, people, especially teenagers, left home and traveled-hopped on freight trains or walked-to look for any available job opportunities. They would be the ones to provide for the family.

15: keep their house at least, by living like a miser, and charging other people to stay in their house. Farmers in particular suffered. To keep up with the changing times, they took out loans from the banks to purchase modern equipment. In most cases, the banks were very confrontational about repayment, to which the farmers could not respond. They would often be evicted, with their belongings auctioned off. | Everybody was affected by the depression; there was no exception. Though admittedly, some were hit harder than others. Minorities, who had faced discrimination in the past, were sometimes forced to give up their jobs to whites. Some of those from a higher class fared better, although not by much. They could manage to

19: The New Deal helped with some problems during the depression. People were working again, and it was easier for families to get what they needed. However, it didn't solve everything. By the late 1930's, things looked better, but there were still many who lived in poverty. With the start of World War 2, that was where the economy began to pick up. The Allies in Europe came to the US for their much needed supplies. When the US became involved in the war, the soldiers left, and others were called to fill the void. Workers were in demand. There were plenty more jobs available also, with things like aircrafts, tanks, ammunition, weaponry, uniforms, ships, etc. that were necessary to go to combat in the war and win. When the Dust Bowl ended, the land could be farmed like it normally was before. Farmers as well, could ship their crop yields overseas.

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  • By: K C.
  • Joined: over 6 years ago
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  • Title: TGD
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  • Published: over 6 years ago

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