Essay The Great Depression And Its Effects On America

1391 Words Dec 5th, 2016 6 Pages
America has gone through many hard times before, but never has it suffered a burden as profound and extensive as the Great Depression. The Great Depression was a dark period of groundbreaking decline in economic activity in the United States that lasted from 1929 to 1939. This impacted the lives of millions of Americans ranging from wealthy business owners to families living in poverty. Not only was this depression an economic catastrophe, but it was a social and political catastrophe as well. Over the course of these few years, consumer spending and investment dropped significantly which in turn caused steep declines in industrial output and increased levels of unemployment as failing companies laid off workers. Many factors led to the Great Depression, but some of the main causes included the stock market crash of 1929, bank failures, high unemployment rates, and the Dust Bowl are what brought on the hardships of numerous Americans.
Before the great drop during the Great Depression, America was at an all time high during the 1920’s, also known as the Roaring Twenties. This was a great period of economic growth and transition; everything seemed new and exciting. The nation’s total wealth more than doubled between 1920 and 1929, and this economic growth swept many Americans into an affluent but unfamiliar “consumer society” (“The Roaring Twenties,” 2010). People were investing in the stock market in order to make big money and were buying extravagant things such as…

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