Effects of the Great Depression
The Great Depression occurred from 1929-1939, ending a decade known as the “roaring twenties”. Many people lost their jobs and their money after the stock market crashed in late 1929. Because of this, many people made small amounts of money from doing different smaller jobs they made themselves. Franklin D Roosevelt was elected president unanimously to help the nations disaster. In a way, everyone was affected by the economic catastrophe of the 1930s.
The major cause of The Great Depression was that the stock market crashed on October 29, 1929 also known as Black Tuesday. It has been known as, "the worst economic collapse in the history of the modern industrial world." The Great Depression caused bank foreclosures and business failures. In the end, more than 15 million of Americans were left unemployed. Since so many people did not have a job, lots did not have weekly income. Due to the crash of the stock market nearly 10 years of financial desperation occurred that touched nearly every American citizen in some way. …show more content…
Because of this, many people made small amounts of money by making their own smaller jobs. Some of these jobs included selling iron cords door to door or selling coal orders(there were many more). Even doing larger jobs like painting a house, would only make you about 5 dollars. To make just enough money for food, people would pick different types of fruit, hang wall paper, trade different types of food at grocery stores, and some even worked at strip mines and more intense jobs. Most had to work many of these jobs just to make a little money. American Citizens did anything and everything they could to support their
The Great Depression occurred from 1929-1939, ending a decade known as the “roaring twenties”. Many people lost their jobs and their money after the stock market crashed in late 1929. Because of this, many people made small amounts of money from doing different smaller jobs they made themselves. Franklin D Roosevelt was elected president unanimously to help the nations disaster. In a way, everyone was affected by the economic catastrophe of the 1930s.
The major cause of The Great Depression was that the stock market crashed on October 29, 1929 also known as Black Tuesday. It has been known as, "the worst economic collapse in the history of the modern industrial world." The Great Depression caused bank foreclosures and business failures. In the end, more than 15 million of Americans were left unemployed. Since so many people did not have a job, lots did not have weekly income. Due to the crash of the stock market nearly 10 years of financial desperation occurred that touched nearly every American citizen in some way. …show more content…
Because of this, many people made small amounts of money by making their own smaller jobs. Some of these jobs included selling iron cords door to door or selling coal orders(there were many more). Even doing larger jobs like painting a house, would only make you about 5 dollars. To make just enough money for food, people would pick different types of fruit, hang wall paper, trade different types of food at grocery stores, and some even worked at strip mines and more intense jobs. Most had to work many of these jobs just to make a little money. American Citizens did anything and everything they could to support their