FC: The Great Depression
1: What caused the Great Depression? The stock market had a huge bust when on October 24th, 1929 also known as Black Thursday a large number of investors made nervous by factors such as rising interest rates, suddenly began to sell their shares. The dumping of so much stock on the market killed investor confidence and causes prices to plunge rapidly.
2: How long did the Great Depression last? The Great Depression started in 1929 and the United states did not fully recover from it till around the 1940s when the production of vehicles boomed.
3: What was life like during the Great Depression? Life was extremely tough for everyone during the Great Depression. | The crisis of the Great Depression required that family members pull together to help one another cope with their difficulties. Farmers and city-dwellers alike shared food and money and provided the support and encouragement necessary to get through hard times.
4: Who was affected by the Great Depression? Everyone was affected by the Great Depression in one way or another, the only difference about how people were affected was the extent of it. Many struggled to put food on the table for their family during this time. Many businesses crashed and failed. Many farms were forced to burn or let their harvest die away and Many banks were forced to close.
5: How did the Great Depression end? Between 1940 and 1945, American factories produced huge numbers of planes, tanks, jeeps, and guns. This immense increase in production created an economic boom that ended the Great Depression. Unemployment dropped from 14.6 percent in 1940 to 1.2 percent in 1944.