The Period of the Great Depression - 2250 Words

The period of the Great Depression was undoubtedly one of the worst the United States has ever experienced, with millions out of work for the majority of the decade and many in the middle class losing everything they had ever known in the blink of an eye. There is debate among many as to what mainly got us out of the Great Depression, whether it was the outbreak of World War II or the change in the formation of the American economy which came after the war ended. Though the Second World War was a much needed boost for the economy in the United States, through renewed production of weapons as well as other supplies for soldiers in Europe as well as American soldiers when we entered the war, it was not the outbreak of war which prompted our departure from the period of the Great Depression, but the change in the way we saw our government and economy after the war which truly removed us. It is not argued by anyone in the historical or economic communities that the Great Depression was in fact the worst period of history that the United States has ever experienced. Before discussing this event and what interventions from the government followed, we must first look at the economic and cultural changes which allowed the economy to grow to such levels that a crash like that in 1929 can be a catalyst in what would be a decade of mass unemployment and suffering for Americans, especially in the middle class. The 1920’s was a decade of great change for America, both economically andShow MoreRelatedThe Great Depression Was A Dark Period859 Words   |  4 PagesThe Great Depression was a dark period in the history of the United States, which affected all the economic sectors of the Americans’ lifestyle and greatly suppressed the economic status of the United States, despite so closely following an era that appeared to offer much economic prosperity. There are ma ny contributing factors and causes for this time of poverty and despair, however, some events may have contributed more to the Great Depression than others. These would include events such as theRead MoreThe Great Depression : The Tragic Time Period1537 Words   |  7 PagesThe Great Depression is the tragic time period from 1929 to the 1930s in the United States of America. During this time, many hopeless Americans were experiencing problems such as homelessness, starvation, impoverishment, and more. All this suffering was caused by several things, like when the Stock Market crashed in 1929, also known as â€Å"Black Tuesday.† The stock market crash caused people who would buy on margin to be in debt. People who would even speculate the market caused higher stock pricesRead MoreEssay on Americas Dark Period of the Great Depression981 Words   |  4 PagesThe Great Depression is one of the darkest periods in America’s history. It was a time of despair for all America ns. The Great Depression was caused by various reasons. It also had many effects which left an impact on America still up to this day. At that time, there was no abundance of anything: not jobs, not food, and certainly not an abundance of money, but there was surely an abundance of sadness. America had no hope since the money was a thin, green line. The Great Depression impacted the economyRead MoreThe Period of the Great Depression and Political Issues in America1767 Words   |  7 Pagesnations constructed walls with both sides suffering from economic distress. The stock market crash of 1929 gets the blame for the Great Depression but you have to look at the causes that existed in the economy during this prosperous time. Some of the weaknesses that existed beneath the surface of the general 1920’s prosperity that helped cause the Great Depression were global and domestic. The United States had loaned many European nations money during WWI. 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No country was hit as severely as Canada due to its strong dependence on raw material, farm exports, and the aftermath of the Prairies drought. This left thousands of Canadians starving and often homeless, as the social and economicRead MoreThe Cause and Effects of the Great Depression Essay1443 Words   |  6 Pagesspeculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash. The effectsRead MoreThe Extent to Whi ch Poor Economic Management of the Great Depression Impacted Australia from the 1920s to 1930s1592 Words   |  7 PagesThe Great Depression was a period of economic contraction and rising unemployment between 1929 and 1933 in Australia and throughout the rest of the world. The Great Depression followed a period of global prosperity and it was triggered by the Wall Street stock market crash on the 24 October 1929 in New York City. A depression is a period of time when the national income falls substantially and results in depleted money reserves causing economic contraction. The Federal Government contributed toRead MoreThe Great Depression Of The 1930 S1476 Words   |  6 Pagesthe great depression of the 1930’s and the great recession in the United State of America. First, I’ll make a general overview of each of these two different periods and then focus on certain specific aspects during these different times. This will include the causes to the economic recess ions witnessed, impacts of the economic recessions and the solutions that were introduced. When talking about any topic regarding American history, it would be hard not to mention the 1930’s great depression. AuthorsRead MoreThe Great Depression Caused A Massive Unemployment917 Words   |  4 PagesThe great depression was an event that impacted the U.S in a very drastic way. It caused many to lose their jobs, therefore losing wealth. It was a long lasting economic crisis during 1929. Lasting until 1940s. It started the beginning of involvement from the government to the country’s economy and also the society altogether. The government wanted to find ways to end this. After almost a decade of prosperity and high optimism , the U.S is now faced to a period of despair. Many had to recover from