FC: It started with rising stock prices and low interest rates to the point where you could put 1% in and get 20% percent out so every one started doing it. So all the money flowing into the economy created inflation. The economy was now dependent upon the inflow of money from the Federal Reserve and the low interest rates. When the Fed increased interest rates in 1929 it was one of the main causes of the depression. As a result less loans were being made so less money was able to flow into the economy. So after all this investors froze and went for high and dry and this led to the stock market crash. All this left people in a state where they stopped spending money which had even more negative affects which lead to less production and less jobs which didn't help the already plummeting economy. And one last major blow to the economy was bank failures.
1: It lasted 12 years from 1929 to 1941
2: It was hard and the fact there was a massive drought going on at the time didn't help but with jobs coming to an all time low and people losing them every day things were not easy. Since businesses were going out food was a big problem and people couldn't afford any either. Many people took to the roads or rode rail cars always moving looking for jobs in different ares of the country. Jobs were at an all time paying low as well so the ability to put food on the table kept getting harder and harder.
3: It had more or less affected every one some harder and worse than others. For example a business man with alot saved and had it easy now had it hard but since he was rich at one point had some money to fall on where as average Americans took it really hard. It affected all classes and all ethnics.
4: The Great Depression Ended because of WWII and Franklin D. Roosevelt's New deal program helped American citizens it was not the cause of the end of the Great Depression.WWII was the end of it because more people went off to war and that put woman working in factories and more people were in work making supplies.