The Causes And Effects Of The Great Depression

The Causes And Effects Of The Great Depression
The Great Depression started in 1929 and lasted up until 1939. It happens to be the worst economic downturn for the United States and the the rest of
the world. It caused companies and corporations to eventually go bankrupt as well as workers to be laid off. Another effect of The Great Depression is
that factory production was reduced, and the banks started to shut down. In the lowest point of The Great Depression in 1933 nearly 15 million workers
in America were unemployed and one half of the banks started shutting down. Businesses were greatly affected by The Great Depression. As banks
started shutting down the whole American economy started experiencing deflation. Deflation is when money starts to have less value. Because of
this, businesses began to cut costs meaning they would need to lay off workers. The workers being laid off can't buy anything so companies can't sell
anything. This results in the company eventually having too much inventory which they cannot sell. The companies would then have to resort to
reducing their prices to sell all their stockpiled products. This causes profits to drop, making companies lay off more workers, repeating the cycle
again and eventually lead to the company going bankrupt. All the unemployment caused many to live in poverty. This poverty caused many to make
makeshift houses. Some even made neighborhood. One of the worst cases of these were known as Hoovervilles. One of the most famous images of
one of these hoovervilles was
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Great Depression Causes And Effects Essay
The Great Depression originated in the US, lasting from 1929 to 1939. The most probable cause for the depression was the Stock Market Crash of
1929, which wiped out millions of investers. Due to millionaires pouring their own savings into stocks, the markets reached their peak. To add to this,
the wages were low, consumer debt increased, banks had so many loans that they couldn't get rid of them, and factory production slowed, while stocks
rose and rose. It came to the point where investors began selling shares in groups and most became worthless. Consumers were now less confident in
businesses and banks. Suddenly, the markets crashed and 13 million people became unemployed, many lost their savings account, homes, and
organizations were made...show more content...
This didn't last long as Germany's attacks at sea, causing hundreds of Americans to die, caused the US to join the war. Although WWI was one of
the most gruesome wars, there still came positive outcomes. WWI began by the assasination of Archduke Franz Ferdinand fromAustria Hungary,
by Serbia. WWI changed the face of America forever. While men left for war, women took their jobs, the first time they've left their domestic work
and have worked in a factory ( a man's job ). They also had the opportunity to go over seas and help the wounded . Due to needing vasts amount of
supplies for war, production and effiency in industries grew, technology advanced, and the economy boomed. Industries began to receive an increase in
profits, causing inflations to become high, increasing the cost of living by nearly 15% more than average. The Great Migration of 300,000–500,000 of
African Americans from the South of the US to the North , caused a massive influx of people into cities, leading to squalid conditions, even more so,
when the soldiers came back from the war, it created even more intolerance towards immigrants and African

Essay about Effects Of The Great Depression
Effects of the Great Depression The introduction of the discussion will focus on the origins of the Great Depression and the escalating events that led
to it. This will provide adequate foundations to bring up questions and attempt to answer them in an objective fashion as to why and how the
Depression affected different industrialized countries in different ways.
The core of the debate will consist of detailed comparable analyses of the consequences of the Depression with an emphasis on the economic aspects.
The conclusion will provide a brief overview of the ways used by the different governments to get out of that dark episode of world economic history.
When studying the Great Depression and...show more content...
Clearly, the U.S. was going from being a traditional debtor of
Europe before World War I to becoming its creditor: America had financed the war and it was issuing loans for its reconstruction.
However, the attitudes in the U.S. were evolving in an unusual direction: an increasing number of American financiers were starting to literally seek ut
potential borrowers which led to competition among U.S. banks and the spreading of unsound lending.2 The main object was to "do the most
business", even at the expense of essential caution. What seemed like a beginning of recovery from the Great War, was in fact an immense
accumulation of debts, which made the international economic order vulnerable to depression. Analyzing these events with the insight we have today,
they seem even more unbelievably audacious given the high instability of the borrowing nation. (i.e., Europe)
The triggering event was the crash of the Wall Street stock market in October of 1929. The stock market collapsed after steady declines in production,
prices and incomes over three previous months which forced the speculators to revise their expectations. Anxiety soon gave place to panic which led to
the crash. However, the depression affected the different industrialized countries in various ways and degrees of intensity.
The depression was of especially great magnitude in the U.S. because there were not any welfare

America has been shaped by its perils and triumphs throughout history. As is remembered by many, the United States faced the largest economic drop
in our history during the Great Depression in 1929 through 1939. To add on to the already shaky situation, a devastating natural phenomenon hit
150,000 square miles worth of Oklahoma, Texas, Kansas, Colorado, and New Mexico, the Dust Bowl. It all started when hopeful farmers and ranchers
moved to this once fertile area in mass. These people overworked the soil, and didn't have proper farming techniques, leading to disaster. An area that
used to be covered in semi–arid grasslands and fertile soil, was then ruined by drought; between 1930 and 1934, rainfall dropped by 27.5% in the dust
bowl area. Because...show more content...
Farmers' and ranchers' livelihoods and income rely on their crops, cattle, and other animals. As was stated earlier, essentially all the crops died with
the Dust Bowl due to dryness, heat, and pests (jackrabbits, grasshoppers, etc.). Without crops, farmers didn't have much income, and often had to sell
their livestock. Livestock such as cows also died due to extreme dust inhalation, further reducing potential profits. The massive dust storms forced
migrant farmers to lose their business, their livelihood, and their homes. Families migrated to California or cities to find work that often didn't exist
by the time they got there. Many ended up homeless or in "Hoovervilles," named after President Herbert Hoover. By 1940, as many as 2.5 million
people had left the Great Plains, 200,000 of them moving to California in hopes of better jobs and a better life. Many Dust Bowl residents packed
what little they had and left without finishing whatever business they had left in their towns. Because of this, many banks and businesses were forced
to shut down. Franklin D. Roosevelt and other political officials assisted struggling farmers through a series of government programs. Under the New
Deal, Roosevelt passed the Soil Conservation and Domestic Allotment Act and the Federal Surplus Relief Corporation. He also helped establish the
Drought Relief Service, Civilian Conservation Corps, and education on proper

Effects Of The Great Depression
Del pozo 1
Zackery Del Pozo
Mrs.Kent
English 8
3/12/2015
The Effects of the Great Depression
The Great Depression, the worst economic recession in US history. In October 1929 the
U.S. stock market crashed. This event is commonly referred to as the beginning of the
Depression. The stock market crashed in New York causing the rest of America to fall. It was not just one factor, but a combination of domestic and
worldwide conditions that led to the Great
Depression. There are many theories of what caused the Great Depression, however, they are not all agreed upon.
This paper is about how the Great Depression occurred, what the Great Depression is, how it affected people, jobs, businesses, the President during the
Great Depression, World War
II, and how the Great Depression ended on October 18th the stock market began to crash. Panic started to set in as bankers attempted to stabilize the
market. However the market went into freefall and on October 29th stock prices collapsed completely. The consumer spending dropped and stores
began to pile up on excess goods, which slowed production. Billions of dollars were lost, wiping out thousands of investors, and stock tinkers ran hours
behind because the machinery could not handle the volume of trading.
After October 29th stock prices continued to drop as the United States collapsed into the
Great Depression. Not only the stock market had been affected. Nearly seven hundred banks
Del pozo 2 failed in 1929 and about 2,300 failed over the

Great Depression Cause And Effect Essay
The major cause for the Great Depression was the fact that Americans began to buy goods on credit and that some bought stocks on margin. During the
Roaring Twenties, various new products, such as vacuum cleaners, electric irons, fans, cars, radios, and others, began to be manufactured and
introduced into the market. By 1923, there were over 500 radio stations that existed in the United States and there were over twelve million radios that
were in American homes. Since these new products were expensive, a large portion of Americans bought them on installment plans or lines of credit.
After years of overspending, these debts were unable to be paid back. This led to a crisis, since the banks that issued the loans took the money from
the savings accounts of customers at the bank. Thus, their money was lost. When patrons of the bank were unable to recover their money, it caused a
panic. This led to a rift between individuals...show more content...
This means that people took out loans to invest in the stock market and when those stocks did not perform, they were unable to pay back the debts.
A major factor in this type of underperformance was the way that the stock market was overvalued. Between 1925 and 1929, the value of the New
York Stock Exchange rose from 27 billion dollars to 87 billion dollars. After it was apparent that the prices were heavily over inflated, it caused the
value of the market to drop. Moreover, the interest on the loans for margin investing were high, in some cases as high as 20% which also made them
difficult to pay back. As mentioned before with installment plans, the banks took money out of the savings accounts of those who put money in the
bank to issue the loans for these investments and they were unable to come up with the funds from the savings accounts. This also contributed to the
rift between the banks and those who put money into the

The Effect Of The Great Depression Essay
There is much debate as to what caused the Great Depression. There was certainly the short–term trigger of the Stock Market Crash of 1929, but there
are also long–term causes that manifested itself during the 1920's. Whether it is the shift from coal to electricity that negatively affected those
invested with the old technology, or a shift more to trucks and cars to transport goods instead of railroads, or perhaps that farmers were losing their
farms because over over–investment during the late 1910's, many factors can be identified as a cause. But we can also look at the consumer as one of
the root causes, as well. Consumer behavior contributed heavily to causing both the stock market crash and the Great Depression.
Consumerism and its accompanying advertising exacerbated the conditions that led to the Great Depression. First, consumers spent a lot of their
income on new products and they were persuaded to do so through advertising. The 1920's brought about changes in American culture, like music,
sports and literature. But in addition to those, cultural attitudes toward women also began to shift. The double standard that had plagued women was
now being lifted and that opened up an entirely new market for businesses (Payne, 33). The advertising industry expanded their targets and utilized
what they learned during World War I (from Creel's Committee for Public Information) in how to not only let customers know what products exist, but
to entice and persuade

The Great Depression is a defining moment in time for not only American, but world history. This was a time that caused political, economical, and
social unrest. Not only did the Great Depression cause a world wide panic, it also caused a world wide crisis unlike any before it. This paper will
analyze both the causes and the effects of the Great Depression in the United States of America. One cause of the depression is the effects of World
War One. World War one had many devastating effects on countries all across the globe. In the United States millions of lives were lost to the war, as
well as huge amounts of money that had been used to fund the war. All across the globe vast destruction of property was found. This in turn caused a
...show more content...
The quote, "Economists still agree that Smoot–Hawley and the ensuing tariff wars were highly counterproductive and contributed to the depth and
length of the global Depression" (http://www.federalreserve.gov/newsevents/speech/bernanke20130325a.htm) shows that the Americans original plan
of protecting their own businesses only hindered them. Another cause of the depression was the lack of prosperity for many groups, and the lack of
spending that soon resulted from this. In the early 1920s we know that the United States had a high prosperity. What is less known is that not
everyone was sharing the good times. Immigrants from most countries, including those in Africa and Mexico, were sharing the same poor treatment
as the Aboriginals in the United States. These groups were not doing well socially or economically and had low paying jobs. Many Americans
simply could not afford to pay for many goods, and this created a massive reduction in purchasing. Factory workers suffered greatly from the
reduction in purchasing; many factories had no need to keep the high levels of production going, and were forced to fire many employees. More
workers still lost their jobs to machinery that could be used to the employers advantage to reduce the spending on wages. People now found themselves
unemployed and unable to pay for their items previously purchased through

The Cause of the Great Depression Essay
The Cause of the Great Depression The economic expansion of the 1920's, with its increased production of goods and high profits, culminated in
immense consumer speculation that collapsed with disastrous results in 1929 causing America's Great Depression. There were a number or
contributing factors to the depression, with the largest and most important one being a general loss of confidence in the American economy. The reason
it escalated was a general misunderstanding of recessions by American policymakers of the time.
The U.S. economy was booming in the 1920's. Stocks prices soared, as they were bought on margin for as little as 10% down. Market speculation is
cyclical–that is, if one stock appears profitable, you buy it,...show more content...
Many people lost as much as ten times their initial investment, which shook consumer confidence. In an effort to cover their margins, people rushed the
banks in masses, demanding their money. Soon, banks began to run out of cash and went bust.
With the economy falling in shambles and companies defaulting on loans, nearly all private and corporate investment ceased. Companies couldn't
afford to expand, and in fact, many had to consolidate in order to cover the margins on their loans. This meant postponing hiring and laying workers
off, which caused unemployment to skyrocket. With people now willing to work for less money, wages lessened too. At the same time prices rose in
an attempt by companies to make some amount of profit off the goods.
Because the governments' prevailing economic theory was based on laissez–faire economics, the government believed that recessions were
self–correcting. Eventually unemployment and inflation stopped declining, but not before the U.S. lost 1/3 of it's output and 25% of the workforce
was unemployed.
In the end, it was World War II that brought us out of the Great Depression. With war at hand, the government began pumping massive amounts of
money into the economy. Production and inflation increased. More jobs were available and wages rose. At the

Cause and Effects of the Great Depression
The Causes and Effects of The Great Depression In America Few Americans in the first months of 1929 saw any reason to question the strength and
stability of the nation's economy. Most agreed with their new president that the booming prosperity of the years just past would not only continue but
increase, and that dramatic social progress would follow in its wake. "We in America today," Herbert Hoover had proclaimed in August 1928, "are
nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us."1 In mid–October,
1929, the average middle–class American saw ahead of him an illimitable vista of prosperity. The newly inaugurated president, Herbert Hoover, had
...show more content...
M. Barker, "cupidity turned into unreasoning, emotional, universal fear".9 The misery of the Great Depression was, then, without precedent in the
nation's history.10 The most searing legacy of the depression was unemployment, which mounted steadily from the relatively low levels experienced
between 1922 and 1929. The percentage of the civilian labor force without work rose from 3.2 in 1929 to 8.7 in 1930, and reached a peak of 24.9 in
1933. The estimates of unemployment amongst non–farm employees, which include the self–employed and unpaid family workers are even higher.
These are horrifying figures: millions of American families were left without a bread–winner and faced the very real possibility of destitution.11 Within
a few months after the stock market collapse of October 1929, unemployment had catapulted from its status of a vague worry into the position of one
of the country's foremost preoccupations. Unemployment increased steadily, with only a few temporary setbacks, from the fall of 1929 to the spring
of 1933. Even a cursory reference to the several existing estimates of unemployment will amply show the rapidity with which unemployment
established itself as an economic factor of the first order of importance.12 By 1932, a quarter of the civilian labor force was unemployed and the
number was still rising. State and local relief agencies lacked sufficient funds to meet the demands of families for bare sustenance. Discouraged by
continual

Many people speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused
by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market
crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The
Great Depression was caused by more than just the stock market crash. The effects were detrimental beyond the financial crisis experienced during this
time period. The first and most obvious known factor in the development of The Great Depression is the stock market crash of 1929. The Money Alert
website...show more content...
The banking industry as a whole after the stock market crashed was going bankrupt due to not being able to carry the "bad debt" that was created
from using customer money to buy stock. Because the banks were out of money, they were unable to cover customer withdrawals from their bank,
causing many bank customers to lose all of their savings. With the uncertainty of the future of the banking industry, many people withdrew all of their
savings, which caused more than 9,000 banks to close their doors and go out of business (Kelly). Due to the effects of the Great Depression, and the
collapse of the banking industry, the government created regulations to prevent similar failure in the future. For Example, the SEC, (or Securities
Exchange Commission), which regulates the sell and trade of stocks, bonds and other investments was created as a result of The Great Depression.
The FDIC (or Federal Deposit Insurance Corporation), was created to insure bank accounts so that that the consumer would be protected if the bank
were to go out of business (Kelly). The Great Depression's effect on the banking industry led to many useful changes to the banking industry and helped
restore confidence in banks in the American people. The next major factor that contributed to the Great Depression was the reduction of goods being
purchased during the time period. After the stock market crashed, consumers from

The Causes and Effects of Depression Essay
The Causes and Effects of Depression Depression has numerous causes and effects which affect not only the person but the people around them.
Depression doesn't have a specific cause; in most cases it's different for everyone. It is a common, treatable mental illness that can be experienced at
any time in life. It is often described with feeling sad, unhappy, miserable, or "down in the dumps". Most people have these feelings on occasion.
There are several types of depression. These different types of depression describe slight, but often important, diagnostic differences. True clinical
depression interferes with mood disorder in everyday life for weeks, months, or even years. Most people think depression affects only one...show more
content...
Family and friends become worried about this person. They don't understand why this person may be depressed or know how to help. So in turn
both the person and their loved ones feel helpless. People that have strong social support and loved ones to lean on tend to recover faster than people
that isolate themselves or have no one. Depression is a serious mental illness that can be treated. Knowing the type of depression is important. A
person may find the treatment that best suits them with the trial and error process. The severity of the depression means a more intensive treatment.
Most people choose to take antidepressants rather than actually getting help with their problem. They shouldn't rely on the medication alone; if they
do it can bring unwanted side effects. All of the depression treatments take time, and sometimes it might feel overwhelming or frustratingly slow.
That is normal. Recovery usually has its ups and downs. Depression has numerous causes and effects. The exact cause of depression is unknown.
Depression can be genetic, triggered by stressful events, or both. A person with depression will avoid friends and social gatherings and begin to
isolate themselves. They might even start to get into trouble or do bad things. Depression can lead to many addictions such as alcohol or drug abuse.
If it leads to something like that, then the severity of the depression can become worse. The loved

The Impact of the Great Depression Essay
The Impact of the Great Depression
The stock market crash of 1929 sent the nation spiraling into a state of economic paralysis that became known as the Great Depression. As industries
shrank and businesses collapsed or cut back, up to 25% of Americans were left unemployed. At the same time, the financial crisis destroyed the life
savings of countless Americans (Modern American Poetry). Food, housing and other consumable goods were in short supply for most people (Zinn
282). This widespread state of poverty had serious social repercussions for the country.
America's agricultural economy had already been suffering for a decade when nature conspired against the country to exacerbate the Great Depression.
From 1931 through 1939,...show more content...
Everyone scrounged about for small, labor intensive jobs at low wages. Even women and children had to work to subsidize the family income. The
recently homeless lived in shantytowns nicknamed "Hoovervilles" after President Hoover who was moving slowly and ineffectually to deal with the
Depression (Wikipedia). Little food was available and many had to search garbage heaps and other such locations for any kind of sustenance. The
economic crisis had ushered in a decade of unprecedented mass poverty and poor living conditions.
Herbert Hoover, the president in office when the Great Depression hit the country, did very little to ameliorate the devastating situation. Hoover
underestimated the seriousness of the crisis, misdiagnosed the causes of the problems, and clung to his beliefs in individual achievement and self–help.
His corrective measures, aimed at inflation and the federal budget, were thus damaging themselves. Furthermore, he hesitated to mobilize government
resources to aid Americans and instead appealed to private groups to lend a hand (Encarta). Thus Hoover's administration did little to mitigate the
impact of the Depression.
With no relief in sight from the government or anyone else, people's anger and resentment grew. The Communist party and other socialist groups saw a
swell in their numbers. Labor strikes and protests against the government began to erupt. The most notable of these was the Bonus Army March on
Washington. More than

Cause And Effects Of The Great Depression
The Great Depression was an economic downfall throughout America during the 1930's. It was know as the longest–lasting economic downturn in
history on the western industrialized at that time. This downturn went into effect after the Stock Market Crash of October 1929. This sent Wall Street
into a great panic and essentially wiped out millions of investors. Over the years, consumer spending dropped causing a decline in the industrial output.
By 1933, the Great Depression reached its lowest point and the banks had failed. The Stock Market Crash signaled the beginning of the Great
Depression, in result the bank failures followed. Before the Great Depression, there was an era throughout America during the 1920's called the Golden
era. The 1920's...show more content...
When individuals in America read the daily newspaper or looked at the police cartoons around town they were all centered around the Stock Market
Crash. One in particular shows New York buildings falling over civilians and a plethora of chaos happening. When citizens saw these cartoons it
informed many that everyone was eventually going to get hit by the Great Depression one way or another. Many newspapers such as the New York
Times, updated citizens with information about the stocks frequently. According to the archive.nytimes.com, "but those who are staking their all on the
country's leading securities are placing a great deal of confidence, too, in the expectation that there will be an overnight change in sentiment; that the
counsel of cool heads will prevail and that the mob psychology which has been so largely responsible for the market's debacle will be broken". The
newspapers, as well as the political newspapers, alluded to citizens that this unfortunate event was not going to get better in a couple months

Cause And Effect Essay: The Great Depression
The great depression was the longest economic failure and cost many their jobs. Is started in 1929 and had lasted till 1939. The great depression
depressed almost the all of the united states and sent many people to commit suicide for they had lost everything. The great depression started after
the stock market crashed this uproars caused many envestors to lose their jobs and their life's work. Thi was a huge panic two all of wall st.
The great depression caused just awful things to happen with the crime rate's going up. People had no way to generate more money so they resulted to
robbery and theft. Prostitution was at a high becuase girl figured they could make money this way and keep up with their dues. Alcohol abuse was at

Causes And Effects Of The Great Depression Essay
The Great Depression was one of the worst if, not the worst economic downfall in US history.It started around 1920 and did not start to fade until the
end of the 1930's.
The stock market crash of October 1929 is what provoked the Great Depression.On "Black Tuesday" a panic set as millions of shares of stock traded at
ever–decreasing prices.The October 1929 downfall was only the start of the market collapse.The stock market crash was not the only cause of the Great
Depression it was also a weak banking system, industrial overproduction and further collapse in already very low farm prices also contributed to the
economic downfall.
As the effect of the Great Depression spread across the US economy, millions of citizens lost their jobs.By 1933...show more content...
The Great Depression was already hard enough, however it was even worse for the racial minorities,including African–Americans, American Indians,
Asian Americans and Mexican Americans.The general unemployment for the US was already high for being over 25 percent, but the unemployment
rate for American minorities was 50 percent or more.
During this time it was even harder for them because racial discrimination by this time was a thing and once the Great Depression started it got even
worse.When Americans were starting to lose their jobs minority workers were the first ones to go.Even some charities refused to help them or give
them some kind of food.Violence also against them increased, as whites competed for jobs usually held by minorities.
Not only America was suffering from this depression but even Africa, Asia, Europe, Australia and South America were affected by it.The international
trade fell 30 percent as nations tried to protect their industries by raising the prices on imported merchandise.By 1932 there were 30 million people
who were without a job around the

Causes And Effects Of The Great Depression
One of the bleakest economic downfalls in the United States was during the era of the time known as "The Great Depression." It lasted for ten years
from 1929 until the year of 1939 in the United States. It originated in the United States, mostly effecting the years of 1930's. The events of the Great
Depression spread across nations and ended for some countries as late as 1941. The Great Depression not only effected the economic life of the
American citizens, but also the spirits the people. The feeling of living in a "Perfect Nation" was so drastically altered mainly by Herbert Hoover's
infamous reign as president. The effect of the stock markets, economy, and presidents' actions began and founded the resolution of the Great Depression.
Before the Great Depression, the United States was facing the era called "The Roaring Twenties." This was the era of when the nation's wealth
doubled. People and banks invested a tremendous amount of money. The stock market became very popular and was a way for people to make a
profit, like buying low and selling high. The system seemed to be working as people were buying goods that they did not have the money to pay for.
On October 24th ,1929 a stock market crashed in New York City which began "The Great Depression." Americans began to panic and a bank run
occurred when a large amount of the banks customers withdrew cash from their accounts. Unfortunately, the banks did not have the money to fund the
people. A hundred thousand people became

Cause And Effect Of The Great Depression
The Great Depression was when everyone was penniless, out of work. Some of the people didn't even have homes. When the New York stock
market crashed, everybody became poor. Millionaires were just as poor as the ordinary citizens. The everyday civilians lost everything their homes,
their jobs, their money, it was a bad time for everyone. Soon it spread to the rest of the country. Then everybody's savings disappeared. It was one of
the worst disasters the world has ever known. Barely anyone was in work and making money. Soon it spread to the rest of the world. It was one of the
worst disasters ever.
The cause of the Great Depression was many things. First the New York stock market crashed. The people bought stocks with borrowed money. It
seemed...show more content...
At the time President Hoover was an unpopular man. He promised veterans a bonus for being in the army but they never got it. So they marched to
DC. When they did this president Hoover said kick them out two men got killed. A mayor was watching that man was Franklin Delano Roosevelt.
Franklin decided to run for president. He thought that it would elect him. He was right he was elected for president. He made an oath that he
would end the Great Depression. He decided to focus on the three R's. The three R's means relief, recovery, and reform. They started with relief.
First they allowed alcohol again it did not end the Great Depression but it made people happier. They also used rotting food on the farm to
provided lunches for school children. They tried to create more jobs for people out of work in need of money. The second R is recovery. This
tried to keep people in their homes. It also tried to provide electricity. The final R is reform. They tried to keep the Great Depression from ever
happening again. All of these things helped end the Depression. But the real thing was that ended the Great depression was World War two. Finally
the Great Depression was over. If the Roosevelt wasn't there to help it would of been a lot

The Great Depression Cause And Effect Essay
It was October 29, 1929, also known as black Tuesday. The Great Depression had begun. We are going to backtrack a little
–bit to before the depression.
The Depression was during the 30's, the main idea here is the "causes", including: the roaring 20's, Black Tuesday, and bank failures. The roaring 20's
was a time of electricity and new inventions such as the automobile. Everybody wanted all of these new things although they did not have any money.
The strategy they used–installments. They asked the bank or others for some money and then bought the stuff they wanted. This brought the
middle–class living like the rich. Not only did the roaring 20's bring the Great Depression after, but it failed banks all over America. The banks were
now failing leading up to black tuesday. They were loaning other people's' savings even if the payback was very unlikely. Also when folks noticed
that the market was crashing they were taking their life savings out, costing all the money to be gone in a matter of weeks. Today–because of the "New
Deal"–the bank insures you up to "this amount" if the bank fails. Back then this wasn't the...show more content...
With over 16 million stocks sold on Wall Street, stocks were now almost worthless and money was gone. Billions of dollars were lost, leaving many
business owners out of money, or work. Not only did this stock crash hit America, but the whole industrialized world. This was just the major turning
point of the long, harsh, downward spiral from 1929–1939 (the Great Depression). There are many more causes such as the Federal Reverend, or
President Hoover's actions. But the main reasons–I feel–were these three topics, the roaring 20's, bank failures, and Black Tuesday. If President
Roosevelt had not taken the federal leed and put America in the first step, WW2 would not have brought America out of the Depression. The New
Deal and it's takes were a great lead out of the Great

The Causes And Effects Of The Great Depression

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The Causes And Effects Of The Great Depression