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When did the depression happen? The depression started in 1929, when the stock prices fell. In the 1920’s, people where buying cars, appliances and clothing. Because of this, people were spending money that they didn’t have.
Stock market in US started to go down on September 4th 1929, but on October 29th (black Tuesday) it crashed, starting the great depression
It then affected other countries The Trade in the stock market declined Banks closed, customers panicked because they couldn't get their money
People stopped spending, all businesses cut back workers hours or sacked them all together Due to debt and overcropping, farmers couldn't grow food and went bankrupt
What happened during the depression
The decade of the 1930s saw the Great Depression in the United States and many other countries. During this decade large numbers of people lived in poverty. People where in desperate need of: Food Clothing Shelter
What caused the depression?
People were spending more money than they actually had. They ended up going bankrupt.
Who was in the depression? (e.g. Countries)
What where the effects of the Depression?
During the Great Depression of the 1930’s, families were struggling to live as income had lowered greatly for them.
Income had decreased so much that people would live the threat of starvation everyday.
The great depression had brought over millions to unemployment and leading towards poverty.
The great depression was the cause of economic hardship in many countries.
1932 – AMERICAN DREAMS ARE SHATTERED 14 million Americans are jobless (almost 1/3 the workforce) Banks foreclose on houses and farms No food, no clothes, no jobs Recycled lifestyle