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The Great Depression

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The Great Depression - Page Text Content

S: The Great Depression.

BC: The Great depression was horrible time an in this book you can see why it started how it affected different people and how it ended.

FC: The Great Depression.

1: What started the great depression? | The Great Depression started because people were greedy and invested a lot of money in the stock. Then when the stock market crashed they took out all of their money. That and the governments regulations.

2: The great depression took place from 1930 to 1939. During this time the prices of stock fell 40 percent. 9,000 banks went out of business and 9 million saving accounts were wiped out. 86,000 businesses failed, and wages were decreased by an average of 60 percent. The unemployment rate went from 9 percent all the way to 25 percent about 15 million jobless people | How long did the depression last?

3: What was life like during the depression? | Life in rural areas during the Depression was hard. Because prices for crops were very low, farmers received little for their efforts. They could not repay the loans that they had taken out on their farms in more prosperous times, and many lost their houses and farms.

4: Who was affected by the depression? | Workers were affected because they lost their jobs. Farmers were affected because they could not sell their crops or livestock so they could not pay back their loans and so they lost their homes

5: How did the depression end? | The economy was given a boost when world war 2 started and the fighting countries needed supplies and looked to America to make them. After Pearl Harbor was bombed on December 7, 1941, America entered the war. The U.S. enlisted more than 10 million men and women into the military. Since so many were fighting in the war and jobs were open, the people at home had to fill them and work in the factories to make supplies for the war. The desperate need for soldiers, pilots, and workers to make ammunition, weaponry, and air/sea craft all contributed to the end of the Great Depression. The economy of America skyrocketed and was on the road to restoration.

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  • By: Haley B.
  • Joined: almost 8 years ago
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  • Title: The Great Depression
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  • Published: almost 8 years ago