FC: The Great Depression
1: What caused the Great Depression? What caused the Great Depression was post-World War I, Congressional tariffs on European goods, and the stock market crash of 1929. This increased unemployment, decreased government revenue, and a drop in international trade. Banks were closing, people were losing their jobs, and also their homes. No one trusted the stock market because they were scared of the situation so people started selling stock. This, in the end, was the main cause of the Great Depression.
2: How long did the Great Depression last? The Great Depression lasted 9 years. It was from 1920 to 1929.
3: What was life like during the Great Depression? Life was extremely hard during the Great Depression. Everybody was at a loss of money because they all were unemployed due to the sudden decrease in jobs. Life was especially hard during 1929-1933. Everyone was losing everything. My grandfather was about 13 during the Depression and he said it was the hardest moment in his life. His family was rich, but they lost almost everything they owned trying to buy food for them rather then take care of the house/car.
4: Who was affected by the Great Depression? Everyone was affected by the Great Depression. It didn't matter what race, ethnicity, or financial class you were in. As long as you had money you might as well have kissed it goodbye. They were hard times in the 1920s. People were out of money, didn't have jobs, and possibly lost their homes. Everyone was hurting.
5: How did the Great Depression end? The Great Depression ended around 1934. Our economy began to take a slow turnaround, and unemployment fell to 21.7%. Sweden became the first country to fully recover from the GD. Franklin D. Roosevelt's New Deal ideas were also a big part of the repair, too. FDR cut government spendings, fearing an unbalanced budget. Everyone started to slowly gain their jobs back, and get on their feet. People started bravely investing in stock so that also helped companies reopen for employees.