During the 1929 - 1939 many people were in debt and a lot of jobs were lost.The Great Depression was bad it affected the whole world, the hoover dam was created and the welfare system was also a result of the Depression. The Great depression had alot of effects on people and the world. The trading routes with other countries to America stopped. When the trading routes shut down alot of people lost their jobs. Many teachers in schools were forced to stop working because the government could no longer pay them. During the Great Depression the Hoover Dam was built. The Dam was built on October 9, 1936. When this was being built it created many jobs for people during the Depression. The Hoover Dam was created in Nevada and produced electricity
The Great Depression was an economic crisis that took place all over the world during 1929-1939. America and other nations were not prepared nor expecting this. Before it hit, stocks were high, businesses were thriving, and jobs were full. This event made the Roaring Twenties turn into one of darkest times in American history. The Great Depression was mostly caused by speculation/installment buying, banking, and unemployment.
With the construction of the Hoover Dam, the employment rate increased and people found stability. The other program Hoover developed but also was not effective was the Hawley-Smoot Tariff. This tariff destroyed international trade and even worse it damaged global economy because it terminated international trade at the time. This tariff not only devastated certain businesses that were thriving but also recreated problems experienced during the Great
The Great Depression was devastating to many people. From 1929 - 1939 life was a struggle. This all began when the stock market crashed in 1929 causing a great effect on people. Most stopped using banks and no longer trusted them. Jobs were scarce and people looking for them were plentiful.
The Great Depression occurred after the huge stock market crash in 1929. However, the impacts were on going till the 1930s. Many individuals were affected by this stock market crash which led to destroying young innocent lives. This was the time where a majority of individuals were happy that WW1 is over, but then again it went back to a horrible state due to stock markets. For instance, for those who had a credit card and spent a lot of money on the loan they borrowed came out as a horrible lifestyle when Great Depression happened.
The Great Depression was a time period in the United States from the late 1920s to early 1940s, marked by severe unemployment rates nationwide. It had many origins, most notably of which was the Stock Market Crash of October 29th, 1929, also known as “Black Tuesday.” The administration of Franklin D. Roosevelt addressed the crippling unemployment and poverty rates of the Depression by establishing federal work programs to provide much-needed jobs to millions of Americans. Overall, however, this response was only marginally effective, because there was still rampant unemployment and discrimination throughout the duration of these programs. Through the establishment of these programs, the role of the federal government changed from a capitalist
Hoover is often blamed for not doing anything to end the Great Depression, but he actually did try to use the government to create infrastructure projects, thus creating jobs. Like the Hoover Dam and the Reconstruction Finance Corporation to try to end the Depression. There are two major differences between their approaches. One is that President Roosevelt was willing to do more than President Hoover to combat the Great Depression. Roosevelt was willing to let the government become more involved in the economy.
The following investigation will focus on how different aspects of the Great Depression significantly affected the way middle-class Americans lived their day to day life. To understand the effects of Great Depression, it's important to know what the great depression was. The Hard Times, were a time of economic downturn that started in as early as 1928. The beginning of the Great Depression in the United States is associated with the October 29, 1929, stock market crash which is now known to us as the Black Tuesday and the end of the depression period is associated with the start of the World War II, in around 1939.
The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.
This is because many people lost family members, money, and homes. A lot of people died from starvation and disease. Many banks failed, causing people who had money in that bank to lose it. Many people were left homeless and even died. Finally, Herbert Hoover made the Hoover Dam in 1931, to control flooding and generate electricity in the area.
Kostandin Valle Mr. Zoellner English Language Arts II 26 August 2015 The Devastating Effects of the Great Depression Throughout life, many people go through some type of devastating or traumatic event that can change their lives forever. For the American people of the early to mid 1930’s, the Great Depression was one of these events. The Great Depression caused a major impact on all of America and affected the economy, the government, as well as the personal life of many Americans.
In the 19th century, a major way of transportation was crafted. This was called the Erie Canal. This Canal led to great economic growth throughout the United States. For example, the Canal brought in many people through the seaports in New York which made it more busy than it already was (Doc. 1a). This made New York City grow tremendously between 1830 and 1860 (Doc. 1a).
The Great Depression of 1929 was one of America’s most influential downfalls that crippled society for years. The depression caused many years of failure and poverty for almost all of society. The government’s role during these times was crucial and critical for turning around the economy. The depression had a major effect on government’s power and involvement with the people and states. The government was less involved before the depression.
Everyone has depression, but did you know on October 29, 1929 the whole US went into depression. People lost their jobs, people lost their homes and lot’s of other things. Every bits and piece was super valuable at that time. Some effects the Great Depression had on people at that time was people lost their money. In an article called Digging In by Robert Hastings a girl explains how importants every minute of light is.
To begin, the Great Depression took a great toll on the typical American man. Many got fired from their jobs causing unemployment. It was almost impossible to get another job so they were stuck living with no money at all. Not having money caused most men to struggle with bills. Because they couldn’t pay bills they went into debt.
Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.