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Cause and effect of the great depression
Cause and effect of the great depression
Cause and effect of the great depression
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Social Classes and the Great Depression The Great Depression struck the United States in 1929, and devastated the country for 12 years (Potter). Filled with hardships and poverties, these 12 years seemed like a lifetime to most people, especially to the lower and middle class. American society during the 1930s was split into three main classes: Lower class, Middle class, and the Upper class. While the majority of the upper class continued to live lavishly, the lower class, consisting of mainly struggling laborers and almost all African Americans, definitely suffered the most. The Middle class was also heading down a dangerous path. Not being able to maintain their small fortunes, most were forced to lower levels of society. The effects of the Great Depression in the 1930s on the social classes in the south caused many people to move to the lower class. The Lower class was the poorest and largest class of people during the 1930s (Babb). Americans in this class in the south were barely able to survive. In fact, some people were so poor that they had to wait for hours in bread lines and at soup kitchens just to get a meal. Farmers in the south especially had many economic problems during the 1930s. Many farmers had to relocate to other states to find work elsewhere. Most of them became part of the lower class during the depression because they were not able to make any money. In general, all citizens in the lower class were in the same or similar situation. This situation was poverty, and for some, near death. However, Even though the whites had it bad, the blacks had it worse. Almost all African Americans were in the Lower class (Potter). It was even harder for blacks to find work than it was for whites (Babb). This was mainly ... ... middle of paper ... ..., approximately 21,974 men and women held college degrees but were unable to find jobs. Due to the large number people falling to the lower class, the middle class was slowly becoming socially and politically insignificant. Constantly dealing with the possibility that their social class may disappear, the middle class suffered a harsh blow during this time. The Great Depression shattered the U.S. in the 1930s, especially in the south. Almost everyone had to adjust to a new way of life during this time. The economic problems brought on by the depression had a major impact on the social class system in the south. The lower and middle classes were considerably affected the most by this dreadful time in American history. Overall, the effects of the Great Depression in the 1930s on the social classes in the south caused many people to move to the lower class.
In the Roaring Twenties, people started buying household materials and stocks that they could not pay for in credit. Farmers, textile workers, and miners all got low wages. In 1929, the stock market crashed. All of these events started the Great Depression. During the beginning of the Great Depression, 9000 banks were closed, ending nine million savings accounts. This lead to the closing of eighty-six thousand businesses, a European depression, an overproduction of food, and a lowering of prices. It also led to more people going hungry, more homeless people, and much lower job wages. There was a 28% increase in the amount of homeless people from 1929 to 1933. And in the midst of the beginning of the Great Depression, President Hoover did nothing to improve the condition of the nation. In 1932, people decided that America needed a change. For the first time in twelve years, they elected a democratic president, President Franklin D. Roosevelt. Immediately he began to work on fixing the American economy. He closed all banks and began a series of laws called the New Laws. L...
The Great Depression is a an era when the US economy was at its lowest. It is after the Roaring 20s. The depression was caused mainly because of the crash of the stock market in 1929 and the government’s failed attempts to help the people. Many people’s belongings are bought with credit so they lost all their money and most of their things when the bank system failed. Others lost their jobs and many men left their families because they felt ashamed that they can’t support their family. The social fabric of the Great Depression changed greatly from the previous era. The changes in the social, the political, and the economic part of the US are part of the change in the social fabric.
During the Great Depression receiving an education was becoming more and more difficult for southerners. From not being able to afford the required supplies needed, to not being able to pay the tutions, many people found it nearly impossible to attend school. The novel, To Kill A Mockingbird written by Harper Lee shows how the lack of education in society during the Great Depression affected Southerners lives, not allowing them to change their futures for the better.
The Great Depression, beginning in the last few months of 1929, impacted the vast majority of people nationwide and worldwide. With millions of Americans unemployed and many in danger of losing their homes, they could no longer support their families. Children, if they were lucky, wore torn up ragged clothing to school and those who were not lucky remained without clothes. The food supply was scarce, and bread was the most that families could afford. Households would receive very limited rations of food, or small amounts of money to buy food. This led to the starvation of families, including children. African-americans faced tougher challenges than most during the Depression due to discrimination. The classes hit hardest were middle-class
The United States experienced a severe economic depression during the 1930’s called the Great Depression. 13 million Americans lost their jobs, over 300,000 companies were out of business, and millions of families were living on the streets and going hungry. Sounds horrendous right? Well, this was the harsh reality for millions of Americans affected by the Great Depression. It was the most extensive, devastating economic downturn America has ever encountered.
Much of the class was centered on social class and particularly the working poor. The book Nickeled and Dimed by Barbara Ehrenreich should me a perspective I was aware of but not completely educated on. When Barbara went to find housing at almost every place it was too expensive to afford. By reading more into the book I found out many people in America are struggling to find affordable safe housing. This shocked me. By reading about this I gained the knowledge that everyone isn’t as lucky as I am and are working extremely hard to get out of the situation they are. Also there was a strong community connection amongst the workers everywhere people went. This made me realize that connections to people are probably one of the most important things you can have when you have close to nothing. It made me think about how my life would be if I were raised in a different environment. Like the story of The Other Wes Moore, I could have been the other Mackenzie Webber. A quote said by the author Wes Moore, “The chilling truth is that his story could have been mine. The tragedy is that my story could have been his.” I was able to learn that surroundings and actions you do truly do influence the way you grow up. By turning this situation on myself, it is amazing how different my life would have been if my parents didn’t make the sacrifices they did or
In 1929 the United States had entered an economic slump known as the Great Depression. The Great Depression was the longest financial decline in American history. The sudden, devastating collapse of US stock market prices on October 29, 1929, known as Black Tuesday, was just the beginning of this economic decline. The Great Depression changed society, socially and economically in many ways, including: family life, crime rates, and businesses.
Within these two groups there were white men and women and there were black men and women. During this time there was a lot of racial and gender segregation within the work place. As hard as it was for a white man to get a job in either of these fields it was four times as hard for a white women or black women/man to get a job, but life began to grow even harder as the “New Deal” began. To help give you a better idea of life during the “Great Depression” I am going to begin with explaining to you the differences between industrial workers and tenant farmers. I will then go into more depth as I analyze the segregation that occurred within these two jobs and how the “New... ...
The Great Depression was a huge economic crash, which put countries into terrible debt and put people on the streets. During the Great Depression people were living in ghettos, they had no food to eat or jobs, however this was not the only issue during the 1930’s. The dust bowl had struck Texas, Kansas, Colorado, and New Mexico which was the main source of crops at the time. This caused a massive drought which caused economic distress. When the United States “sneezed” the rest of the world caught a cold. All because of a tremendous dust storm.
The Depression Era was a period of major strife brought about by speculation and largely unregulated business practices. Almost everyone in the United States was affected, even many citizens of other countries around the world, but the working poor were disproportionately affected. Both Farmers and Workers experienced anti-union sentiment since before the turn of the century, and were subject to extremely hazardous working conditions, low wages, and in the case of farmers, many accumulated mass debt to decreasing prices of produce. While the Great Depression led to the unnecessary suffering of the working poor, it also led to many great successes by the work of the labor movement, which went on to benefit future generations and begin a legacy that continues today.
The Great Depression began in October 1929, when the stock market in the United States dropped rapidly. Thousands of investors lost all of their of money and were forced to live on the streets often going without food. This crash led into the Great Depression. The ensuing period of 10 years ranked as the worst period of high unemployment and low business activity in modern times. Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and without food. Many people came to depend on the government or charity to provide them with food. The Depression became a worldwide business slump of the 1930's that affected almost all nations. It led to a sharp decline in world trade as each country tried to protect their own industries. The Depression led to political turmoil in many countries such as Germany where poor economic conditions helped lead to the rise of Hitler. Franklin D. Roosevelt was elected President in 1932 and his 'new deal' reforms gave the government more power and helped slow the depression. The Great Depression ended as nations increased their production of war materials at the start of World War II. This increased production provided jobs and put large amounts of money back into circulation. Several factors led to the great depression. One being the lack of diversification in the American economy. The prosperity of America had been basically dependent on a few industries like construction and the automobile and in the late 20's these industr...
The Great Depression occurred from 1929 and lasted to the early 1940’s. It was a deep and tragic period of time where everyone was affected in some capacity. This period marks the longest most widespread depression in American History. It has devastating effects to both the rich and poor. Cities all around the world were hit hard by this crisis.
Economic: In the year 1929 U.S Stock Market crashed and the following year worldwide depression was seen. Great depression was the time when America suffered a huge downturn in the economy where silent generation suffered tremendously. Many American citizens lost their homes, properties and above all more the 24 % were unemployed. But World War II played an important role in the economic recovery as new industries were built, employment rate increased and development were made.
The 1930s brought the deepest and longest-lasting economic downturn of the Western industrial world (http://www.history.com). This economic downturn was known as ‘The Great Depression’ (http://www.history.com). The Great Depression in the United States soon began after the stock market crash of October 1929 (http://www.history.com). Consumer spending and investment dropped which caused a decline in industrial output and led to rising levels of unemployment (http://www.history.com). During this time period money was scarce. People did what they had to do in order to make their lives happy (http://wwwappskc.lonestar.edu). The Great Depression was hard on the economy which in turn affected how people lived their lives and spent their money.
The 1930s brought a very turbulent time to the United States. As a result of the Stock Market Crash of 1929, the nation was experiencing a severe depression. There were hard class divisions dividing the nation. People were either extremely rich or extremely poor. The middle class simply did not exist (Bondi 97). On March 4, 1933 Franklin Delano Roosevelt took office with the promise of hope and relief for struggling Americans. Roosevelt followed up his promise for help with the New Deal, his plan to combat the depression. The New Deal involved the three R’s: relief, recovery and reform. It included measures concerning banking, securities, industry, and agriculture (Bondi 97).