One of the most researched topics in American history is the economic crisis of the 1930’s, we know it as the Great depression. In most places it started in 1929 and lasted well into the 1930’s and it was one of the deepest, most wide spread, and longest depressions in the 20th century. This depression wasn’t just a local thing, it was going on throughout the world it was especially a big issue with places that were dependent on heavy industries. Areas other than industry dependent cities were effected, Farming communities and rural areas were affected because the falling crop prices. When crop prices fell, it left farmers making little profit off of their crops and leaving them with little money. This however was only the start to the Great
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One of the most known causes of the Great depression is the Stock Market Crash of 1929. Before the crash, exchanging stocks was the best new thing and it was a great way to invest your money. Around 1970, the stocks values started rising and soon found its way to Wall Street. During this time people were able to get stock on a margin, which is when they only pay 10% of the stock’s …show more content…
During the 1930’s the drought, farmer crops weren’t producing due to the lack of water in the soil. This caused the farmers to invest money in seeds when they wouldn’t produce due to the lack of water, leaving them in poverty. Even at one of the lowest point in history, America overcame this depression. I think that one of the most known reasons for the end of the great depression was a series of New Deals. The New Deal series was put into effect sometime around 1933-1938, Franklin D. Roosevelt served his first term during this time. This program was developed to focus on the "3 R’s," Relief, Recovery, and Reform. What they mean by the “3 R’s” is relief for the unemployed and poor, recovery of the economy to normal levels, and reform of the financial system to prevent a repeat depression. One of the way’s Roosevelt tried to relieve people who were suffering is by creating jobs. He started up government projects such as building schools, bridges, dams, court houses, roads, and much more. Making these jobs available to the people helped them get on their feet and helped relieve them from suffering. One plan he came up with to help relieve American citizens is the Food Stamp Plan and it is still being used today. This
One of the most known causes of the Great depression is the Stock Market Crash of 1929. Before the crash, exchanging stocks was the best new thing and it was a great way to invest your money. Around 1970, the stocks values started rising and soon found its way to Wall Street. During this time people were able to get stock on a margin, which is when they only pay 10% of the stock’s …show more content…
During the 1930’s the drought, farmer crops weren’t producing due to the lack of water in the soil. This caused the farmers to invest money in seeds when they wouldn’t produce due to the lack of water, leaving them in poverty. Even at one of the lowest point in history, America overcame this depression. I think that one of the most known reasons for the end of the great depression was a series of New Deals. The New Deal series was put into effect sometime around 1933-1938, Franklin D. Roosevelt served his first term during this time. This program was developed to focus on the "3 R’s," Relief, Recovery, and Reform. What they mean by the “3 R’s” is relief for the unemployed and poor, recovery of the economy to normal levels, and reform of the financial system to prevent a repeat depression. One of the way’s Roosevelt tried to relieve people who were suffering is by creating jobs. He started up government projects such as building schools, bridges, dams, court houses, roads, and much more. Making these jobs available to the people helped them get on their feet and helped relieve them from suffering. One plan he came up with to help relieve American citizens is the Food Stamp Plan and it is still being used today. This