An essay on the causes and effects of the great depression in america
This was a time that caused political, economical, and social unrest. Here are some of the most important causes and affects of the Great Depression. Losing a job was leading to the inability to buy food and provide other basic needs, unemployed people could not live like this for a long time.
People stayed without food and cloth.
How did it happen? The crash of Stock Market in Even though people are taught about the Great Depression, I personally think that a lot of people do not understand the severity that it caused and the livelihoods that it forever changed.
Most agreed with their new president that the booming prosperity of the years just past would not only continue but increase, and that dramatic social progress would follow in its wake.
Great depression essay conclusion
No social, racial, or economic class was excluded. Only the last resort could become a reason for this decision, newspapers published the names of people who got the welfare payments, and it was considered as a disgrace. But the same thing that caused these problems was the same thing that helped the corporate profits that led people to believe in the stock market: income inequality. Most historians agree it was a chain of events, one after another, that brought our country into chaos. The companies lost their capital, savings which allowed them to do business in the country, in fact, it started their bankruptcy, the industrial collapse. It caused overproduction, a big number of companies stopped their production. They tried to save their families. Was the Gold Standard the cause of the Great Depression? Here are some of the most important causes and affects of the Great Depression. The Great depression was a financial decline that started in and lasted through most of the s.
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