What Is The Cause Of The Great Depression

The great depression was a big crash in the stock market. The great depression was from 1929-1939 it was was the biggest and longest economic downfall of all time. The great depression started right before a crash of in the stock market. Many people got laid off from jobs the banks started to go back rupt and from there it was just a domino effect peoples started losing their home because mortgage or rents wasn 't being paid and people were losing jobs and was hardly living. In fact 7 million people died of starvation that being said it shows what kind of life people lived. The world they lived in was a mess and it wasn 't because of them that these things happen it was because the government and other factors that dealt with our money was …show more content…
By 1933, nearly half of America 's banks had failed, and unemployment was approaching 15 million people or 30 percent of the workforce. (Friedman) many people were let down many people did have a lot many people were homeless and didn 't have a job due to many downfalls in the economy. By 1933, nearly half of America 's banks had failed, and unemployment was approaching 15 million people or 30 percent of the workforce. (Friedman). Lot of people in america was experiencing hardship a lot of them were left in the street. Because of this they blamed president hoover who was the president at the time the homeless people were called hoovervilles.The president was blamed for a lot of things he made a lot of bad decisions and he was partially the reason for its downfall. Americans know very little about social statistics, but I am not sure that it 's important that Americans know about social statistics. The people who are interpreting America to them, the people whom they count on for advice and for instruction ought to know a great deal about social statistics. (Friedman) This is also another reason why the great depression happen we never …show more content…
Milton Friedman who is someone who has been politically involved has created many reports through interviews and he 's been putting many different views of how the great depression or as some say the great crash was created and how what the United States has failed at to stop the depression from even starting. The great depression has had a big impact on people 's lives after the great depression people were causes of the food they ate, the stock market was something people looked at more often and kinda stood away from it. A lot of people looked at there money and spent it cautiously and the roles of the government became more intensified the government had more weight on their backs at took bigger