The Depression Of The Great Depression - 1223 Words

There are many events throughout America’s history that are both significant and world famous. However, none were quite so traumatic or had such far-reaching consequences as the Great Depression. This experience was the most extended and severe depression of the Western world. It was an economic downturn that began in 1929 and lasted until 1939. A large amount of America’s labor force lost their jobs and suffered during this crisis. During the nation’s financial disaster, Franklin Delano Roosevelt became president and made extensive changes to America’s political structure. The effects of the Great Depression had lasting consequences that are still being felt to this day. To have a full understanding of this important event, first one must examine what caused the Depression. While the United States had been enduring a gradual monetary decline for some time, known as a recession, an occasion called Black Tuesday was the true inception of the nation’s collapse. Black Tuesday, occurring on October 29, 1929, was when the Stock Market crashed. This caused a panic on Wall Street as stock shares became worthless and investors were dropped. This caused a chain of steadily worsen events to occur as consumers cut back on spending, as people stopped investing, and as factories and business began firing employees. The value of money fell considerably and those who were lucky enough to still be employed received sharp wage cuts. Worse yet, banks failed across America and many citizensShow MoreRelatedThe Depression Of The Great Depression1232 Words   |  5 Pagespeople think that the stock crash was to blame for the Great Depression but that is not correct . Both the crash and depression were the result of problems with the economy that were still underneath society s minds. The depression affected people in a series of ways: poverty is spreading causing farm distress, unemployment, health, family stresses and unfortunately, discrimination increases. America tended to blame Hoover for the depression and all the problems. When the 1932 election came peopleRead MoreThe Depression Of The Great Depression2071 Words   |  9 PagesPaul Von Hindenburg appointed Adolf Hitler Chancellor on the 30th January 1933. The Depression did play a vital role in this, however other factors such as the Nazis propaganda, the resentment of the Weimar republic and the political situation of 1932-1933 also contributed to his success. Before the Great Depression, the Nazis gained 12 seats and 2.6% of the vote in the May election of 1928. Despite this, by July 1932, Hitler gained 230 seats and 37.3% of the vote in the Reichstag. This is a dramaticRead MoreThe Great Depression Caused The Depression998 Words   |  4 PagesThe Great Depression began during October 1929 and ended during 1939. President Herbert Hover was the president of The Great Depression the causes of the depression has many different factors that played into it. When Wall Street crashed during 1929, approximately 10 to 15 billion dollars were lost because the prices of the stock market which started to decrease rapidly in just 24 hours. Many of the causes of The Great Depression were that there were a lot of overproduction of consumer goods whichRead MoreGreat Depression During The Depression1656 Words   |  7 PagesGreat Depression DBQ The Great Depression, however inevitable, took people by surprise when the stock market crashed in 1929. At first people did not fully understand the state of the economy, they could not wrap their heads around the transition from popping champagne bottles to eating bread crumbs for dinner. People were expecting a quick fix to the problem, assuming their lives to go back to normal after a few months, ultimately underestimating the situation America was in. As a resultRead MoreThe Great Depression Essay1390 Words   |  6 PagesIntroduction: The world had faced two main economic problems. The first one was the Great Depression in the early of 20th Century. The second was the recent international financial crisis in 2008. The United States and Europe suffered severely for a long time from the great depression. The great depression was a great step and changed completely the economic policy making and the economic thoughts. It was not only an economic situation bit it was also miserable making, made people more attentionRead MoreThe Great Depression : The Greatest Depression1257 Words   |  6 PagesThe Great Depression was one of the lowest points ever seen in history that began in 1929 and lasted until 1939. It can be defined as an economic slump in North America and Europe, along with other industrialized areas of the world. The Great Depression was the longest, most severe depression ever seen, and experienced by the newly, industrialized Western world. Although there are pros and cons, as it brought in deep social an d personal problems as well as a new introduction to thought and cultureRead MoreThe Great Depression1292 Words   |  6 PagesBefore the crash Before the start of the great depression the United States was a country of great economic wealth, with new technology being invented and a boom in industry. Due to a boom in America’s Industry because of World War One the economy was at an all-time high with a tremendous amount of prosperity. Following the end of world war one the industrial might that America had was being used for peaceful, domestic purposes instead of being used for violence and war. New technologies like carsRead MoreThe Great Depression1186 Words   |  5 Pagesfriends is the true definition of of what the Great Depression really was. It was a time that most people want to never remember or ever happen again. You would think the United States would have learned from their mistakes but it seems we are going down the same road once again without even taking a step back and realizing it. When people talk about the Great Depression not a single person will have anything good to say about it. It caused families a great deal of pain that they will never forget. WithRead MoreThe Great Depression1731 Words   |  7 PagesThe 1920’s was a decade of discovery for America. As mentioned in â€Å"who was roaring in the twenties? —Origins of the great depression,† by Robert S. McElvaine America suffered with the great depression due to several factors but it managed to stay prosperous at the end. In â€Å"America society and culture in the 1920’s,† by David A. Shannon there was much more to the great depression. It was a time of prosperity an economic change. Women and men were discovering who they were and their value to societyRead MoreThe Great Depression1551 Words   |  6 PagesThe Great Depression was one of the most devastating events recorded in history. The nation as a whole plummeted in one economic downfall. Few individuals escaped the effects of the depression. The hardship of unemployment and the loss of homes and farms were a large portion of the pain caused by the economic crisis. Through all of these sufferings, women had a large impact on society. Women faced heavy discrimination and social criti cism during the Depression Even though through research it is proven