The Great Depression of the 1930s was the longest economic disaster of the twentieth century. The Great Depression was a chain reaction affecting most areas of the world. It was caused by the world market's crisis with the production and distribution of goods, the refusal of the U.S. and it's trading partners to cooperate, and the difficult financial situation caused by World War I and the peace settlement following. After World War I and the peace settlement, Europeas a whole was dangerously indebt. Because ot this, the currency rose sky high. Also the demand after the war for consumer and industrial goods drove prices higher than average. In the peace settlement, it was agreed that certain countries would pay other countries war reparations. Obligations to pay back war debts slowed business expansion and international trade. In order to make money, governments then had to raise tariffs in order to pay for importation of resources and goods. All of these factors hurt trade, production and employment greatly. Before all of this, towards the end of the 1920s, the stock market had crashed causing banks to fail. This had a large deal to do with the extreme length and devastation of the Great Depression. Eventually in 1932, the U.S. came to the agreement with indebted countries and most war reparations were forgotten. It was obvious that Germany was not going to be able to make their next payment. Difficulties with the production and distribution of goods complicated the Great Depression. In the 1920s the production of goods exceeded the demand for the products and as a result a vast number of factories were closed, which put many employees without a job. Farming was nearly impossible during this time. As new and better methods of farming were discovered, the price of grain dropped, which led to the drop in farmers' income. This, added with the rise in prices of the resources that the farmers needed in order to produce and distribute their crop, made business very hard.
The Great Depression of the 1930s was a result of many economic changes in America. ... This crash led us into The Great Depression. ... The main problem that caused The Great Depression was unemployment. ... The Great Depression has greatly impacted the American society. ... The economy has changed drastically since The Great Depression. ...
The great depression began around the 1930's and ended near the late 1930's. ... Almost 30% of the people during the great depression were unemployed. ... The Chrysler building was created during the great depression. ... Fads and fashion was coming along very strong in the great depression. ... Sports were a major fad for men during the great depression. ...
The Great Depression The Great Depression was one of the longest depressions in the history of North America left Americans shaken. ... My grandmother, a survivor from the great depression says "we had to gather food from were ever we could find it, we were starving". ... The Great Depression sent people that were ordinarily comfortable with life scurrying for reassuring shelter and it left many people badly shaken from the experience. ... People that went through the Great Depression and survived will forever remember the way that it felt to stand in line for hours for food or even to...
Economics during the Great Depression were very different than periods of time during the depression. ... People were not earning much money during The Great Depression. ... Political views also changed during the Great Depression. ... Shirley Temple, Will Rogers, and marie Dressler were few great performers during the Great Depression. ... The Great Depression has definitely left it's mark on America. ...
So the average American was living quite content, but had no savings if something was to happen like, The Great Depression. ... The collapse of the stock market did not cause "The Great Depression" like many may think, it was a total accumulation of wealth, bad business deals and the stock market . ... The Great Depression was a worldwide phenomena, more than 1300 banks closed in 1930 and 3700 more within the next two years. ... At this time The Great Depression had psychological effects and health effects on our nation. ... In 1939, the final chapter to "The Great Depress...
The Great Depression When Franklin D. Roosevelt took office, America was going through what was known as the Great Depression. ... Farm families are an example who suffered during the Great Depression. ... The banks were closing down due to the depression. ... The Great Depression was not the first or only depression Americans had seen, but it was the worst. ...
The Great Depression The Great Depression was the greatest economic slump to ever occur in US history. The depression began in late 1929 and lasted throughout the following decade. Several factors played key roles in bringing about the depression. ... However, though a great deal more work was being done, the average wage for a manufacturing worker increased minimally. ... Though the Great Depression has long since ended, it continues to leave an indelible imprint on our economic society. ...
Great Depression was the worst and longest economic collapse in the history of the modern industrial world. ... The depression started in the United States and spread to most of the world's industrial countries. ... During the Great Depression there were rapid falls in the production and sale of goods and a rise in unemployment. There were many factors to the cause of the Depression. ... Another one of the factors to the Great Depression was what the government had done or had not done to ensure that this would not happen. ...
The Great Depression On Thursday October 24, 1929 at 10:00am the stock market bell went off at the New York Stock Exchange, stocks were plummeting down. ... The Great Depression did not just happen there were many factors that contributed to the depression like the United States international credit system, economic dependency, and international trade policies. ... The great depression is a very important chapter in our history. Through the great depression we learned many great lessons and as a country we came to realize how fragile what may ...
Causes of the Great Depression The Great Depression was the severe economic crisis that began in 1929, that sent the United States into a frenzy. ... It's undeniable that the Great Depression was one of the hardest trails the US has had to endure. ... The Great Depression was a trying and difficult time for America. ... Work Cited Page America's Great Depression. ... Available http://odur.let.rug.n1/~usa/H/1994/ch9_p8.htm "Great Depression" Encyclopedia.com . ...
