Causes of the Great Depression Essay

The Great Depression (1929-1939) was the longest and most devastating era of economic decline in the United States. The “Great Depression” took place during the decade of the 1930s when unemployment and poverty skyrocketed and the economy plummeted. Industries collapsed, businesses failed, and the U.S. went into debt. Many long term factors led up to and triggered the Great Depression. One of the long term factors was consumer spending and consumer mentality. Prior to the Great Depression…

What does great depression mean people who live in street, people out of work getting fire, and many people don't have nothing to eat. During the great depression many people of work all unite start many of them unemployed people to get on roads to travel to town to city to state to hoping that they'll find a job. They want a job to get money or even so they can feed their family, baby or even just them. Not so many people have cars almost all of them have to hitchhiked or rode the rails.…

The Great Depression was one of the world’s most acute economic depressions in history. Historian and Economists have discussed the great depression for almost a century, wondering how it happened, why it happened, and how it could have been averted. Some people blame on other countries, credit usage, the US Federal Reserve, and the ties of money with gold. There are many perspectives of the great depression from many historians and economists, therefore, a solid conclusion and answer is…

Bad things have happened in life time but, the worse was the great depression. It all started in October 29 1929, people lost their homes, money, jobs, food supply, and other things. They ended up selling their children or whatever they had just to get money or even food. The reason for that was because of the bank failure and the market stock crashing. Everybody became shaken and sad about it. People ended up leaving their homes because they couldn’t afford enough for the electric and water…

The Great Depression was exactly what it was called. After the war, the twenties became a time of celebration for many but eventually issues would start problems that America couldn't control. The foreign economic policy was created when the United States became the world's chief creditor but would eventually lose this name in the late twenties. Then in the United States,there became an issue of mass production and little consumption. The confidence in the stock market would also be a big…

Yes, I do believe the Great Depression could have been avoided. In the times of the Roaring Twenties, productions were at its high. Industry production grew faster than the demand for the products which led to the oversupply of goods year after year. That’s when it caught on that Investors lent money to people who couldn't afford it and this gave people the freedom to purchase on credit (people who could barely make ends meet). This meant people would be paying interest on money being lent to…

The Great Depression is known to have many origins, including the “Great Crash”, the credit structure of the economy, and a lack of diversification in the American economy. The American economy was involved in most of the causes of the Depression. The most often believed cause of the Depression was “The Great Crash”, which occurred in October 1929. In the Great Crash, the market fell apart, destroying the gains from stocks of all previous years. People established the stock market crash as the…

1939 the United States faced the longest and worst economic collapse, known as the Great Depression. During the Great Depression, about fifteen million people were unemployed and suffering. In addition to, almost half the country’s banks have failed during the depression. Also, the stock market crash wiped out millions of investors. This resulted of high suicide rate among investors in the market. The great depression was mainly caused by not having sufficient supply of workers to keep up with…

Paper 2: The Great Depression The Great Depression is one of “the nation’s worst economic crisis, extending through the 1930s, producing unprecedented bank failures, unemployment, and industrial and agricultural collapse.” (The American Journey) This paper will describe what many think are the causes of the Great Depression. The United States stock market had hit record highs during the preceding years of the Great Depression. “Stimulated by optimism, easy credit, and speculators’…

the Great Depression The Great Depression occurred from 1929-1939, ending a decade known as the “roaring twenties”. Many people lost their jobs and their money after the stock market crashed in late 1929. Because of this, many people made small amounts of money from doing different smaller jobs they made themselves. Franklin D Roosevelt was elected president unanimously to help the nations disaster. In a way, everyone was affected by the economic catastrophe of the 1930s. The major cause of…