What Caused The Great Depression In America

Improved Essays
One of the most devastating times in the history of American people is arguably The Great Depression. It was a time of hardship for all citizens throughout the United States. In one way or another every single person was effected, some more harshly than others. This depression was not caused only by one factor, but by multiple making matters worse.
The first and probably biggest factor in causing the depression was the crash of the stock market. Soon after the roaring 20's money-happy times came the fall of the nation's economy. The stock market crashed and people simply didn't know what to do. Money was vanishing and those who hadn't suffered from this yet, were lost in confusion and fear. People were rapidly selling whatever stocks they had
…show more content…
This became known as the Dust Bowl. The Dust Bowl was basically an area involving about 5 states in which massive storms of dust, dirt and gravel would blow around and ruin many, many crops. It made daily life way more difficult then it had to be. Farmers were losing their farms due to drop in demand for certain foods including wheat which prices dropped very low and farmers decided to try planting more of it to keep up in income, this led to a loss in money instead of gain. The storms also contributed to the loss of land by not allowing farmers to plant effectively given how the soil was being blown and torn apart. Houses were constantly being covered in dust, inside and out which caused housewives to become extremely stressed and in some cases even led to suicide. The harsh living environments caused children to run away and families to be torn apart. Farmers would leave their land and move to California where the dust bowl did not effect and work as farmers for other …show more content…
It caused major casualties and hardships for all citizens. Whether they were effected by the dust bowl or not, the economy of the nation was enough on it's own to drive America into such a state of frenzy and worry. American's were living in make-shift houses made of whatever they could find. People were homeless from job loss and land-loss. Men would abandon their families and children would run away aboard freight-trains in search of a different life. Women would commit suicide from the stress and hardships presented to them. Even the president of the United States could not find an effective way to calm the people and worse than that, he could not find a solution either. These times, whether among the hardest of time for the American people or not, were defiantly times that will go down in history for the level of impact it had on America

Related Documents

  • Superior Essays

    The Great Depression Mr. Flores March 5, 2016 IB History The Great Depression During the Great Depression, american families were struggling to survive the drastic changes that the depression had on them. Many significant components of the depression had mainly to do with the impact it had on american families. After the stock market crashed in 1929, and the debate about economic crisis, that is where the lives of american families changed dramatically. There was a numerous amount of families that were left unemployed, without a home, suffering from malnutrition, and starving. The Great Depression definitely changed american families greatly, placing great economic, social, and psychological demands and strains upon families.…

    • 796 Words
    • 4 Pages
    Superior Essays
  • Superior Essays

    One of the darkest times in Canadian history was the Great Depression, due to economic, social and political impacts which affected the entire country. The Great Depression was a devastating economic time for the whole…

    • 1188 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    In this essay, I will explain why the stock market crash of 1929 occurred and how it turned into a major depression, describe the major ways Depression affected Americans, and what did President Hoover and President Franklin D. Roosevelt do during this catastrophe period. During late 1929, Great Depression negatively impact the whole world economy. It was one of the most oppressive economic situations ever happened in America’s history. Weaknesses in the US Economy (farmers were struggling with their debts, declined in international trade and consuming goods/automobiles/powers), bank failures, and lack of sources of foreign exchanged left America horrifyingly depressed. Great Depression terrifyingly affected Americans in many ways, such as…

    • 1067 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Margin millionaires had lost all of their money by the time the Stock Market fell due to stocks being overpriced and people could no longer afford to pay for them. The Stock Market was so high that people were mortgaging their homes so they would be able to pour their money into the Stock Market (“What…

    • 1206 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    This had skyrocketed from 3 percent. There were many reasons why the Great Depression started. One of these reasons was the stock market crash. The stock market was skyrocketing, and there were people called margin buyers, ones who would borrow money and put it in the stock market in hopes of gaining money. However, when the stock market crashed, these margin buyers lost all of their money, and were even in debt.…

    • 781 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Great Depression was an extreme time of struggle for not only the economy of America, but also the American people of every race. The Great Depression took place from 1929- 1939. One of the main reasons of what led to the Great Depression was the crash of the stock market. The crash itself propelled and drove Wall Street workers straight into a major fear and nightmare that was thought and imagined to never come. Throughout the years that came “Consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers”.…

    • 1074 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Stock markets crashing was a significant factor in the cause of the Great Depression. “Black Thursday,” October 24, 1929, stock prices began to plummet and panic selling occurred as people tried to sell stocks for any price they could get. By October 29, “Black Tuesday,” stocks completely collapsed, thus leading to the start of what we now know as the Great Depression. On this day, Wall Street investors traded around 16 million shares…

    • 1391 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    This time period has made a huge impact on American society because it caused people to lose all trust in the banks, it caused a major job shortage, and it negatively impacted the American spirit. The Depression quickly caused the American people to lose all faith in the banks. When the stock market finally crashed on October 29, 1929, the banks lost billions of dollars (Lindop 9). Banks had invested their depositors’ money; therefore, when the stocks bottomed out all of the depositors’ money vanished. All across America, people “no longer trusted banks to keep their money safe.…

    • 1080 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    The period of the great depression is one of the most trying socioeconomic challenges ever experienced in the United States. The crashing of the stock market, the failure of numerous banks, and massive loss of jobs marked the Great Depression. During this period, many Americans struggled to meet their daily needs and it often became common to see American citizens begging for food and money in the streets. The Great Depression had a significant impact on the lives of the majority of Americans who either lost their jobs, savings, and even possessions. Various theories exist about the causes of the Great Depression, including the stock market crash and government inaction.…

    • 1855 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    It caused panic all over the United States, especially to investors in Wall Street. As stock prices began to decline investors panicked, which led them to share their stocks. On October 24th a record of 12,894,650 shares were traded. The situation only grew worse, On October 29th also known as “black Tuesday” stock prices completely collapsed, there were 16,410,030 shares traded. “Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely.”(History.com Staff.…

    • 1748 Words
    • 7 Pages
    Improved Essays