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The Great Depression

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FC: The Great Depression

1: The Great Depression was said to be caused by more than one thing. The first reason is the stock market crash on October 29, 1929. Another reason was bank failures, and there are three main reasons of why this happened. The first is the McFadden Act of 1927, the second was the loans, and the third was the panic. | Other reasons for the cause of The Great Depression are reduction in purchasing across the board and American economic policy with Europe.

2: The Great Depression lasted for quite some time. It ended in the late 30s and early 40s. The Great Depression was tough. Many were effected by the widespread of hunger, poverty, and unemployment. It was a worldwide economic crisis. | Perfect competition was lacking in an era increasingly prone to both corporate business monopolies or allowance for war, revolutions, dictatorships,the dismemberment of countries, and all kinds of political factors. | A lot of people were affected by The Great Depression. There were many unemployments, which caused a lack of money, and that caused businesses to go out of business. It obviously also hurt the people who owned those businesses.

3: Many people also bought stocks, but when the stock market crashed, they weren't doing to well. When banks went out of business, that only added to the many problems building up. Obviously they were losing all their money, which caused everybody else to lose their money. So all in all The Great Depression had serious affects on all people.

4: The end of The Great Depression is often marked in December 1941, the same time America became involved in WWII. Many say the war is what caused the end to the depression. So it was tough times, but we made it through.

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  • By: Lauren T.
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  • Title: The Great Depression
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  • Published: over 8 years ago