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The Great Depression

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FC: The Great Depression

1: The Great Depression occurred when the economy failed.Banks were closing, and people were losing their savings, their jobs, and even their homes.The closing of many businesses put an unprecedented number of people out of work.

2: The Great Depression was a massive global economic recession that ran from 1929 to 1941.

3: During the first year or two after the 1929 stock market crash,wages were fairly stable but unemployment was rising rapidly, from 3.14 percent in 1929 to 8.67 percent in 1930, then 15.82 percent in 1931. By 1932 , nearly a quarter of the American workforce was unemployed and real wages were dropping. By 1933, even the employed work face saw take-home pay shrink by 43 percent, reflecting decreased work hours and lower wages. Children as young as 10 left school to seek work and found it in factories at reduced wages.

5: The Europeans and all of North America. | America went to economic war. They sold lots of stuff to the Europeans to fight the Germans and made incredible amounts of money. Unemployed found jobs everywhere making weapons,supplies etc., and when America went to war, more and more people got jobs.

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  • By: Aseeyah B.
  • Joined: almost 8 years ago
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  • Title: The Great Depression
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  • Published: almost 8 years ago