S: The Great Depression Assignment
FC: The Great Depression
1: As the economy was adjusting to post-war conditions, money started being contributed in the wrong ways, and banking systems were weak. The people started to turn to the stock market which seemed promising at the time and offered opportunities to become wealthy. Stocks values were raising and people started investing all their money into these stocks. Unfortunately, the stock market fell on October 29, 1929 which was a lost for the many people that invested in stocks.
2: These people were left poor which resulted in a decrease of demand of goods since several people lost their money and therefore had no money to buy goods. New stocks could not be sold because no one would invest in them. This lowered buying rate resulted in national debt.
3: The Great Depression lasted from 1929 with the crash of the stock market until 1941 with the start of World War 2.
4: There are quite a few ways to explain how life was during the Great Depression. Farmers had to lower prices for their goods, and received less money for their work; because of this farmers would loss their farms and non-farmers were also losing their houses due to unemployment.
5: Children had to leave school to help out more around the house/farm and people would line up to receive food from organizations like the Red Cross if they had no other way to eat; this method did not always guarantee a meal. | Unemployment went up and wages were decreased. Men were often out looking for work and providing for the family. Several females roles were still inside the house but some were able to get jobs being teachers or something similar. Prostitution was also way for females, mainly single females, to earn money. | Birth rate and divorce rate decreased as well. People couldn't afford the decrease in income from divorcing nor could they afford to feed another mouth. Overall, many were found starving, and homeless.
6: Since the crash of the stock market is seen as the main cause of the Great Depression, those who put all their money into the stock market were greatly affected since they basically lost all their money. Banks were beginning to close and for those that depended on these banks to hold their savings, it was completely lost.
7: Farmers were also affected, if not already by the drought that took place in Mississippi Valley and the dust storms, by the lower demand of products. Poor farming practices also contributed to their downfall. | Prices were lowered on products and farmers in turn tried to produce more but with no one buying these products, they ended up bankrupt and lost their farms.
8: African Americans were hit especially hard during the Great Depression. They were some of the first to be fired, and had a harder time finding jobs than whites did. They were already discriminated against and were not the wealthiest people to start off with (at least many of them were not), and those who could get jobs often found themselves being paid less than they had before. Other minorities met similar fates and whites even fought these groups of people physically when fighting for jobs.
9: America’s involvement in World War 2 ended the Great Depression. Weapons, supplies, and soldiers were needed to get involved in the war, and the people were the ones to supply these things. People got jobs in the factories to help make weapons, ammunition, and other requirements for the war. People got jobs as pilots, and soldiers to aid the country. In result, the economy soared with the new flood of jobs and income.