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The Great Depression

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The Great Depression - Page Text Content

S: BY Ashley Chappell

BC: The end

FC: The Great Depression

1: What caused the great depression? | One of the major causes that led to the Great Depression was the stock market crash of 1929. Two months after the crash stockholders had lost more than $40 billion dollars. Over 9,000 banks failed throughout the 1930's. As banks failed, people lost their savings. Individuals from all classes had stopped purchasing items which led to a reduction in the production of items and the workforce. The government created the Smoot-Hawley Tariff in 1930 as businesses began failing. The Smoot-Hawley Tariff charged a high tax for imports. The drought of 1930 that occurred in the Mississippi Valley caused many to sell their farms to pay off debt.

2: How long did the great depression last? | The Great Depression lasted from 1930 to 1939. During this time the prices of stock fell 40%. 9,000 banks went of out business and 9 million people lost their savings accounts. 86,000 businesses failed and wages were decreased by an average of about 60%. About 15 million people were jobless.

3: What was life like during the great depression? | Life during the Great Depression was very hard. The Great Depression was the worst economic depression ever and was a tragedy for most. Many people were unemployed and in major debt. Most families were struggling to put food on the table and some lost their homes. Families that didn't have cars, road the rail. People, mostly teenagers, would aboard a freight train and crisscross the country.

4: who was affected by the great depression? | Not only were businesses affected by the Great Depression, many people were also affected. Farmers suffered greatly because the drought caused them to lose their crops and they didn't have money to pay for their debt. Millions of people were unemployed and unable to find another job.

5: how did the great depression end? | The Great Depression ended because of United States entrance in World War II. Supplies for the war were needed, such as weapons, artillery, ships, and airplanes. Men were trained to be soldiers. Women were kept on the homefront to keep the factories going. Food needed to be grown for both the homefront and to send overseas.

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  • By: Ashley C.
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  • Title: The Great Depression
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  • Published: over 8 years ago