FC: The Great Depression
1: What caused the great depression? On October 29, 1929 there was a stock market crash called Black Thursday. More than 9,000 banks during the 1930s that closed and other banks could not pay back money so many lost their life savings. People stopped buying so many in the work force lost their jobs. A high tax on imports from foreign countries lessened the trade between the U.S. and foreign countries.
2: How long did the Great Depression last? It lasted from 1929 to 1939, it started with the stock market crash and ended with the World War II when the people got job to supply the war.
3: What was life like during the Great Depression? During this time many children did not have good education because many communities had to close their schools down during 1932-1933 because of the lack of money. Children often suffered from malnutrition. Diseases spread because of not having the right foods. People of all class may have had to move to shacks to live in. Conditions were poor during the depression.
4: Who was affected by the Great Depression? Every class during the Great Depression was affected in one way or another. Even richer class people suffered loss of money when the banks could not pay them back. Anyone who was in the stock market, when it crashed most likely lost money when they did not make back either what they owed or what they paid for the stock. Even other countries economies suffered during the great depression. Almost everyone was affected during the Great depression.
5: How did the Great Depression End? Shockingly the Great depression ended with World War II. The need for supplies to support the war gave many Americans jobs. The war though was not the biggest reason the depression ended. The great depression ended by the reductions in spending, taxes and regulation at the end of World War II.
9: The End