Causes And Effects Of The Great Depression

1433 Words 6 Pages
We have come to know the United States as a country of freedom and glory. We have come to know it as a country were many have come in the search for personal and economic success. It is a place were many prosper, yet it has not always been this way. For an entire decade, starting in 1929, the country was going through a Great Depression - literally. It was a time of darkness and the biggest economic downfall in the history of this country. However, in 1939, World War II came along, ended the Great Depression, and gave the economy a great boost by providing many job opportunities, motivating people, and giving America an incredibly important role in the world. During this time, the dark depression days came to an end, and America went back …show more content…
It all started after the stock market crashed on October 1929 in which millions of investors were wiped out and many tragedies followed. During this decade, consumer spending reduced to a trickle, so companies were not getting much revenue. The level of industrial output dramatically declined and companies had to let go of millions of employees. According to the History Channel, by 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. .This is a dramatically large number of unemployment which is known to be the biggest unemployment percentage in …show more content…
The numbers are there and they seem to affirm that the war did indeed boost the economy, for an argument stating otherwise is a rather weak argument with not much to prove. It is no secret that during the Great Depression Years indicated the largest percentage of unemployment with the argest number of people to be unemployed than ever before. Moreover, during World War II, “unemployment dipped to 1.2 percent of civilian workforce, a record low in American economic history and as near to “full employment” as is likely possible.” Clearly,

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