BC: The End
FC: Great Depression Mix book by David 134268
1: What caused the Great Depression? | Many believed that the stock market of 1929 is one of the main reasons that the Great Depression occurred. The stock market crashed, and stock holders lost more than $40 billion dollars. Even though the stock market began to regain from it's losses by the end of 1930, it was just not enough and it was believed to cause the Great Depression. Another aspect that went into the Great Depression was the banks failing. Over 9,000 banks failed in the 1930s, and bank deposits were uninsured and people just lost their savings. | The surviving banks were unsure of the economic situation and concerned for their survival, and stopped creating new loans as precaution
2: How long did the Great Depression last? | The Great Depression started in the later 1920s, and after the 1929 stock market crash it began really effecting. It is said that the Great Depression lasted about 12 years, and ending in 1941. There are other disputes and reports saying that it was ended later but that's the only official date most agree on.
4: What was life like during the Great Depression?
5: Life during the Great Depression was very poor and hard to live in their living conditions. They would wear the same dirty, raggedy and used clothes for days, possibly weeks at a time before they'd be cleaned. The poor would live in shelters called "Hoovervilles". Many individuals lived with next to nothing, and if they had any money, they had to make it last. Everyone lost homes, jobs and went hungry. Even children, young small ones, were working to help their families.
6: Who was affected by the Great Depression? | The Great Depression didn't only affect a certain group of individuals, it took a hard toll on everyone, from the poor, to the rich. To politicians, government officials. Everyone was effected, although the poor were harder effected since they didn't have savings per say, as the rich did. But everyone was overly effected because of the Great Depression.
7: People would travel far to find any jobs that could pay anything rather than having nothing.
8: How did the Great Depression end? | It was caused by weaknesses in the economy, many programs were developed over time to help end the Great Depression, such as the "New Deal". These programs expanded government intervention in crisis like these, and created social assistance on the national level. The Great Depression changed the relationships between the people and the government.