BC: American Explorations 2014
FC: Understanding the Great Depression Paige Copper
1: What Caused the Great Depression? Most people blame greed, which is as good a theory as any, but it all started when the Democrats created the Federal Reserve. One loan led to another and soon enough the economy was very dependent on the Federal Reserve's flow of money and low interest rates. When those interest rates were increased, things got... depressing.
3: How Long Did the Great Depression Last? The Great Depression spanned from 1929-39. It is still known as the longest and worst economic downturn in the history of the Western world.
5: What Was Life Like During the Great Depression? Life during the depression is what you would expect. Since the unemployment rate went from 5 mil. in 1930 to 13 mil. in 1932, most people were obviously very poor. Soup kitchens and the like were very important during this time and people learned to appreciate their material things much more.
7: Who Was Effected During the Great Depression? Mostly everyone was affected, even other countries. However, farmers and business owners took the full force. | There were some instances were rich people remained oblivious, though.
9: How Did the Great Depression End? The depression basically ended when WWII began. With war there comes a lot of jobs. Still, it seems hard to comprehend that what seemed like a depression over lack of money was resolved by millions spent on war. Thanks to things like the New Deal, the nation overcame the Great Depression in time.