Explain How The Great Depression Challenged American Families

The Great Depression, which lasted from about 1929 to 1939, began when the American Stock market bottomed out. Even though only three present of Americans had money in the Stock Market, banks at that time were allowed to invest in the stock market . Therefore many banks fell , which included the loss of many American’s banked money. Factories shut down, and businesses closed, unemployment was reported at 25%, but in areas the experienced the Dust Bowl, this number seems optimistic. America caused a global depression as well.

The Great Depression first started as early as 1928, but did not affect the United States until 1929. The Great Stock Market crash started the event of the Depression here in America, but was not the main cause to why it happened. During the early stages of the depression, President Hoover failed to help the economy and continued with his belief system of giving people the least help they needed, so they can earn themselves a rightful spot with pride, not with government’s help. The Great Depression was a very intense experience for us, even until today, the

The Great Depression transformed American society and the way people thought about themselves and their relationship to the country. During this horrendous time period, many people lost many important pieces in their lives like money and jobs. Millions of families lost their savings as many banks collapsed in the early 1930s. They were unable to make rent payments or mortgage and many were removed from their apartments. The Great Depression challenged American families in vital ways, placing great economic demands upon families and their members.

The Great Depression affected many Americans; Many bank failures and debt lead to the disastrous economy of the US and the globe. This was also a time of extreme prejudice, especially for black americans. People of colour were drastically punished in comparison to the white population during the Great Depression.

A national disaster in American history, the Great Depression of the 1930s had an enormous effect on the entirety of the United States population, and was not specific to any race or gender. The Great Depression, as its title suggests, was a long period of economic struggle in America, lasting from 1929 to 1933, caused by numerous factors such as the crashing of the stock market and the end of technological

The 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 this downfall and it was hard for them. No one was ready for this event known as Black Tuesday. The Great Depression impacted the americans and cause 20 - 25 million of americans to become unemployed and banks came to fail. The great

On Black Tuesday, October 29, 1929, the stock market saw its greatest crash in history. The next 10 years brought an economic depression the world had never experienced. Unemployment would soar, a banking crisis would lead to a global phenomenon, and Americans would find themselves struggling to survive. In addition, the government would step up their involvement in American lives, as they felt a responsibility to the people. This would lead to mixed feelings from the American people. The Great Depression affected people in many different ways. For some it led to their demise, while it brought others closer together than ever before.

The Great depression began in 1929 with a dramatic event called that Wall Street Crash. This led to the failure of banks and businesses all over the United States. Millions of people lost all their savings and their jobs, and thousands became homeless because they could not afford to pay their rent. Some homeless families lived in shacks made of cardboard. Others took the road to look for work. (Bingham J.) As it could be imagined it was very disheartening to many as losing everything that was worked hard for. Many events took place during this time, like the Stock Market Crash, The Dust Bowl, The New Deal and also Prohibition that changed the outcome of what people could and couldn’t do.

The Great Depression of October 1929 was triggered by the crash of the stock-market. This period of the 30s have been marked as one the worst economic crises in America. The lower working-class Americans were greatly affected for jobs was not easily found, and farming became harsh due to deflated crop prices, soil depletion, and farm mechanization. Seniors who were too elderly to work relied heavily on hard-pressed families and charity in order to survive. Education was at a stake during the time. Children were cut off from schools to help contributing to the families by working at any job they could manage. There are many cases of two or even more families living together under one roof. American were facing unemployment and loss of hope for

The Great Depression occurred in 1930, a result of the stock market crashing. By 1932 25% of American people were unemployed and heading towards a poverty life style. Unable to pay mortgages, having no heat to heat their home during winter season, and not being able to provide food for their family. Industries had to close a result of over production, due to people unable to pay for consumer goods. The depression caused by chain of events of with effecting another that reflected tremendously on the American people.

The 1920s seemed to promise a future of a new and wonderful way of life for America and its citizens . Modern science, evolving cultural norms, industrialization, and even jazz music heralded exciting opportunities and a future that only pointed up toward a better life. However, cracks in the facade started to show, and beginning with the stock market crash of 1929 the wealth of the country, and with it the hopes and expectations of its people, began to slip away. The Great Depression left a quarter of the population unemployed and much of the rest destitute and uncertain of what the future held. Wealth vanished, people took their money out of banks, and plans were put on hold. The most significant way in which the Great Depression affected Americans’ everyday lives was through poverty because it tore relationships apart and damaged the spirit of society while unexpectedly bringing families together in unity.

Between 1929 and 1939 there was an economic downfall know better was the Great Depression. According to the Family and Home, Impact of the Great Depression article on encyclopedia.com, The Great Depression challenged American families in major ways, placing great economic, social, and psychological strains and demands on families and their members. Families of various class, ethnic, racial, and regional backgrounds, various styles of marital and familial relationships, responded in different ways to the stresses and demands that they had to deal with. In 1933, the average family income had dropped to $1,500, 40 percent less than the 1929 average family income of $2,300. Millions of families lost their savings when many banks collapsed in the

October 29, 1929 was one of the darkest days in the United States history. Some refer to that day as Black Tuesday or the day the United State’s Stock market crashed. This led to the Great Depression. The Great Depression had a negative effect, not only in America, but in other countries as well because of the failure of businesses, high unemployment and devastating inflation. First, when the Stock Market crashed it forced banks to close down which hurt businesses worldwide. Second, the decline in employment led to strikes, food lines, and crime. Last, when international trade fell, nations responded by raising taxes on imported goods which increased prices and led to inflation.

The Great Depression is a defining moment in time for not only American, but world history. This was a time that caused political, economical, and social unrest. Not only did the Great Depression cause a world wide panic, it also caused a world wide crisis unlike any before it. This paper will analyze both the causes and the effects of the Great Depression in the United States of America.

Beginning in 1929, the Stock Market crash was a result of numerous structural failings and imbalances of the United States economy as the rise of banks, credit, and loans began to grow quite rapidly. On October 29, 1929, more famously known as Black Tuesday, set the mark of some of the roughest times ever faced in American history. Soon after the crash on Wall Street, the industrialized Western world of the United States suffered its longest period of economic depression which lasted from 1929 up to 1939. This long period of the economic slump in the United States is widely known as the Great Depression. Not only did this depression affect citizens of the United States, but because of the relationships formed with many European Countries in result of World War I, the economic slump primarily felt throughout the United States soon became a worldwide problem as some European economies began to