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The Great Depression

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The Great Depression - Page Text Content

FC: The Great Depression

1: The Great Depression wasn't just caused by one thing. There were multiple reasons why the Great Depression happened, A combination of domestic and worldwide conditions that led to it. The most notable reasons would have to be the Stock Market Crash of 1929, bank failures, reduction in purchasing around the board, the American Economic Policy with Europe, and Drought Conditions.

2: The Great Depression lasted from 1930 to 1939. Stock prices fell, many banks and businesses went out of business. Savings accounts were wiped out, wages were decreased, and the unemployment rate skyrocketed.

3: Many families were poor and hungry. And it was a 25% chance that they adults may not even be employed. Many people had to live in terrible conditions and some people even slept along the streets.

4: The Great Depression affected everyone. Not just the United States but worldwide many countries were facing economic turmoil. The United States was probably the earliest to get hit by the Great Depression, starting with the Stock Market collapse.

5: The Great Depression lasted from about 1930 to 1939. Everything started to take a turn for the better when president Franklin D. Roosevelt was elected in 1932. He introduced many big changes in the structure of the American economy using increased government regulation and massive public-works projects to promote a recovery. This helped very much but wasn't enough to really get America back on its feet. But in 1939 the outbreak of World War II gave many people the jobs they needed.

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  • By: Ashley H.
  • Joined: about 8 years ago
  • Published Mixbooks: 1
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About This Mixbook

  • Title: The Great Depression
  • For my American History Class
  • Tags: None
  • Published: almost 8 years ago