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Great Depression by Michael Lee Trout

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Great Depression by Michael Lee Trout - Page Text Content

FC: Great Depression 1929-1941

1: The Causes of the Great Depression Black Friday, Oct. 24th 1929 the Stock Market collapse and set nine thousand banks to their doom and nine million people lost their saving accounts. This was felt all around the world. Europe was leaning on America and America goes under.

3: High Tariffs and war debt also caused the great depression. The tax on goods in and out of our country caused it to be more expensive to take and bring things out of our country.

4: Over productions of industry and agriculture played its part. Supply and demand plays an important roll when you want the economy to prosper.

5: The unequal distribution of wealth was also a great cause of the Great Depression. That is to say that the Rich get richer and the Poor get poorer!

7: Life during the Great Depression was harsh on all levels. Family dinner tables were empty while people stood in line to free soup. Parents didn't know how they were going to support their children. Some people even committed suicide of the Great Depression.

8: The effects of the Great Depression was felt by the businesses. Eighty-six thousand businesses shut their doors which meant unemployment skyrocketed from nine percent to twenty-five percent; over fifteen million people lost their jobs!

9: Wages were cut by sixty percent. Causing families to loose their homes.

10: The Great Depression spanned over a decade, finally ending in 1941. Surfacing of WWII marked the end of the Great Depression. The war jobs took care of the unemployed and put money back into the economy.

11: Life was hard during the Great Depression but AMERICA made it through. Hopefully our past mistakes can help us in the future.

12: From the Stock Market Crash to

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  • By: Michael T.
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  • Title: Great Depression by Michael Lee Trout
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  • Published: almost 6 years ago