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The Great Depression. An Overview ... 2002). The events associated with the Great
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The Great Depression. The Great Depression ... goods. The Great Depression had
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Life During the Great Depression & Now. LIFE DURING THE GREAT DEPRESSION
AND NOW The Great Depression was a huge economic disaster. ...
Submitted by leslieb on December 13, 2005
Category: American History
Words: 2581 | Pages: 11
Views: 520
Popularity Rank: 12,359
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The Great Depression was a time of turmoil, drama, hardships, and trials for most Americans, a time when jobs and homes they thought they could count on suddenly were gone. Getting food, clothing, and a bed became an everyday struggle for many. What caused the Great Depression of the United States and what effects did it have on the lives of the people?
The Great Depression is one of the most misunderstood events in American History. The Great Depression, an awful, tragic event, was a time when so many people were out of work, and those who had jobs made so little money, that people who had never been poor before faced hunger, cold, and fear. The Great Depression was also a period when people sought work-and were put to work-in new and imaginative ways. While the Depression was a difficult time to live it was also a very unique and exciting time.
A depression is a period during which business, employment, and stock-market values decline severely. The Americans depression was known as the “Great Depression.” The Great Depression has two reasons for its name. One reason is because of its long duration. The economy began descending in the summer of 1929. The depression ended in mid-1941 due to the start of WWII. Another reason is because of severity. The average rate of unemployment was low and then started growing. Stimulus from an unfortunate cause, preparation for war, began to lower unemployment rates.
There are many reasons for the start of the Great Depression. Some of these are unequal distribution of wealth in the 1920s, high tariffs and war debts, overproduction in industry and agriculture, and the stock market crash. International problems also weakened the economy. The stock market crash is generally thought of as the start of the “Great Depression.” The depression itself was responsible for a dramatic change in the structure of American politics.
Unequal distribution of wealth was a big part of the...
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