What was the great depression?
The Great Depression was a 10 year period of bankruptcy in the U.S. and other countries. It was a huge economic slump that Americans thought our country would never get out of. Many people lost their jobs, homes, money, anything of value. The government made more money, but that didn't help, Americans and the Germans only continued to run out.
What was the cause of The Great Depression?
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In 1929, over 9,000 banks failed causing the stock market to plummet. But this wasn't the only cause of the Depression. After World War I, the Treaty of Versailles forced Germany to pay lots of money. The lose of money made their stock market crash. While in America, everything was fine. Americans were flourishing in triumph, expanding buildings and industries until... America lost a lot of their money as well, ending up just like Germany. It may seem that making the money would have been a solution, but you have to have something to back up your plan or it will continue to fail, and that's exactly what happened.
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What was living like during the Depression?
Living conditions were complicated. The unemployment rate increased severely, going from 3.14% in 1929 to a high of 24.75% in 1933, then slowly starting to decrease as the years go by. With the stock market crashing, everything that had a price lost value. A carton of milk and a loaf of bread was very expensive, bur now a days it barely cost over $5.00. It was hard to get food, clothes, or just sustain an "easy" life. Many lost their homes and starved, with no money for years. Many parents couldn't take care of there kids, so they either sent them to live with other family in a different place, or they sold them, eventually having no other choice. A few years later, in 1939, the Depression has ended and World War II had begun. With the war starting, business began to flourish again, helping the economy expand greatly.
Information received from the sites below:
http://www.u-s-history.com/pages/h1528.html
http://thegreatdepressioncauses.com/causes/
Header image from Google images
Living conditions were complicated. The unemployment rate increased severely, going from 3.14% in 1929 to a high of 24.75% in 1933, then slowly starting to decrease as the years go by. With the stock market crashing, everything that had a price lost value. A carton of milk and a loaf of bread was very expensive, bur now a days it barely cost over $5.00. It was hard to get food, clothes, or just sustain an "easy" life. Many lost their homes and starved, with no money for years. Many parents couldn't take care of there kids, so they either sent them to live with other family in a different place, or they sold them, eventually having no other choice. A few years later, in 1939, the Depression has ended and World War II had begun. With the war starting, business began to flourish again, helping the economy expand greatly.
Information received from the sites below:
http://www.u-s-history.com/pages/h1528.html
http://thegreatdepressioncauses.com/causes/
Header image from Google images