The Great Depression Of 1929 - 1049 Words

The Great Depression of 1929 was a deadly blow to the economy. This occurs when the United State won the World War I. After the war people who worked in the factories making weapons lost their job. People who came back from the war did not when back to work they were proud of themselves having fun time buying stocks. Then the disaster happened, on October 29 the Black Tuesday the stock market crashes, the stock drop the banker who bought the stock invest more money into the stock hope the stock is going to rise, but it did not seen to work out the stock were still decreasing and people were unable to sell out their stocks. Which cause the Bank Failure, people want to take their saving out from the banks, but the banks were unable to give back their money about 9,000 banks failed in the 1930s(Martin 1). The unemployment rate keeps rising, people who did not have a job were worried about their saving, afraid to waste their money on goods become very careful on the use of money on goo ds. This cause the Reduction in Purchasing some business failed. The disaster did not end the natural disaster the Dust Blow occur on April 14, 1935. There were about 38 storms by 1934 millions of farmers lost their farmland and houses have to leave their homeland became homeless. On March4,1933. When Franklin D. Roosevelt became the president of the United States he release the New Deal combine over ten Acts. The most significant of the New Deal was the Banking Act of 1933 prohibited bankShow MoreRelatedThe Great Depression Of 19291473 Words   |  6 PagesThe first economic collapse of its magnitude, the Great Depression of 1929, produced devastating effects with lasting longevity. Though born in America, it maintained its origin and spread rapidly throughout the industrial world. The election of President Franklin D. Roosevelt brought upon changes that improved America’s overall economic situation. A new leader’s viewpoint along with The New Deal and its reform pr ograms, and a second World War improved the conditions brought about by the economicRead MoreGreat Depression of 19293549 Words   |  15 PagesThe Great Depression was a worldwide economic downturn which started in October of 1929 and lasted through most of the 1930s. It began in the United States and quickly spread to Europe and every part of the world, with devastating effects in both industrialized countries and producers of raw materials. International trade declined sharply, as did personal incomes, tax revenues, prices and profits. Cities all around the world were hit hard, especially those based on heavy industry. Unemployment andRead MoreThe Great Depression Of 1929 Essay2073 Words   |  9 Pagessince the outbreak of great depression of 1929 and it still haunts the economy of America today. The Great Depression was a time of financial hardships and misery for the Americans. America experienced a time of wreckage and terror. The Great Depression was not a sudden collapse. Many events led up to the most traumatic economic period of modern times. World War I, the â€Å"Roaring Twenties† and unequal distribution of wealth among the people were all origins of the Great Depression but a specific causeRead MoreThe Great Depression Of 1929 Essay2122 Words   |  9 PagesThe Great Depression of 1929 is a worldwide depression that lasts until the beginning of World War II in 1939. The Word of Revelation describes this event, as the merchants who are the world’s important people, and they will not hear again. By each magic spell, all the nations find themselves astray† (Revelation 18:23). Here, God instructions the heavens to rejoice over the fall of the United States’ internal and external systems. There is joy in this because this system is an evil system of intoleranceRead MoreThe Great Depression Of 19291125 Words   |  5 PagesThe Great Depression The Great Depression began in 1929 and lasted until 1939. The Great Depression was one of the worst periods in the history of the United Sates. Along with the U.S, many other nations around the globe were also affected. The Depression kicked off when the stock market crashed in October 1929. Many investors were wiped out; as a result, people started to panic. The Great Depression brought about unemployment and poverty. The nation was shaken to its foundation. Everyone from richRead MoreThe Great Depression Of 1929-19392217 Words   |  9 PagesAlthough the Great Depression of 1929-1939 was a detrimental and hard time for America due to increases in crime rates, unemployment rates, and shortages of food, the economic collapse was also a time for President Franklin Roosevelt to reassess the economic situation in America. Roosevelt put in place laws, agencies, and legislature that better shaped the structure of the country, and ultimately created a more powerful and stronger country, both economically and socially. The new legislature thatRead MoreThe Crash Of 1929 : The Great Depression969 Words   |  4 PagesThe Crash of 1929 The 1920’s in America were known as the â€Å"Roaring Twenties.† Americans could all live a life of luxury. Technological advances and new inventions were improving the quality of life in every home. Working class Americans were able to enjoy automobiles, telephones, and new appliances. Banks began to finance these new lavish commodities to citizens using installment plans. No one was deprived the right of living the American dream. However, excessive borrowing, stock speculationRead MoreThe Great Depression ( 1929-1939 )1813 Words   |  8 PagesThe Great Depression (1929-1939) is the worst economic downturn that the modern world has ever seen before. Beginning with the Wall Street stock market crash of 1929, the situation grew worse in the United States, in part, due to the tremendous wealth disparity between the higher class and the lower class. Wages did not grow nearly as quickly as production did during this era, so many people were unable to purchase certain goods. As a result, there was an excess in supply, which prompted layoffsRead MoreThe Great Depression Of 1929 And World War II988 Words   |  4 Pages55 million, but their population is declining. According to extension.missouri.edu, they are retirees in majority and formed the largest voting population. Seniors or veterans also called Silent Generation inherited the consequences of the Great Depression of 1929 and World War II. They feel gratified by the effort or work, they are struggling to work and usually stay for long in the same company. They are obedient and respectful to authority, they are cautious and have a sense of duty but modern technologiesRead MoreThe Great Depression of 1929 vs. the Great Recession of 20082799 Words   |  12 PagesThe Great Depression of 1929 Vs. The Great Recession of 2008 In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what policies