The Depression Of The Great Depression Essay

1533 Words Dec 6th, 2016 7 Pages
In 1929, it started. Industrial production declined, business collapsed and depression began in the United States of America. It starts with the rise of unemployment and it continues into a domino effect with people’s income decreasing, underutilized capacity, the drop in primary-product prices and the collapse of international trade combined to depress the international economy. Property owners felt scared because their assets were reducing, manufacturers had to deal with declining sales, building operators experienced a great lack of demand, railroad managers were desperate because fewer people used the rails, farmers were ruined by deflated prices and wage-earners were facing unemployment. Everybody fought the long and hard, discouraging battle for survival. In this paper, you will see the three aspects of the Great Depression such as why it happened, the relationship between workers and unions, and how the Depression affected the people who didn’t have jobs.
WHY IT HAPPENED
The Great Depression of the 1930s was a worldwide crisis, composed of an infinite number of detached, but associated events. And it seemed certain that there was a pattern to the trend of events nearly everywhere. At the time, this evolving pattern was not clear right away. The people of every country were, however, aware that the same powers were at work everywhere and that these powers had caused an economic ruin of record quantities. If the Great Depression was equal everywhere, international…

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