It all started during the late 1929 and lasted until 1939. Great Depression was one o. ( t severe economic situation the world had ever seen. The origin of depression was Unite artes lbut with US Economy being highly correlated with global economy, the ill effects were seeita:II round the world with high un-employment, low production and deflation. In overall, it was the most severe and devastated depression ever faced by western industrialized world. Stock markets Crashes, Bank Failures and a lot more, this situation left the governments’ ineffective leading to the global economy to what we call today, “The Great Depression”“.
During the Great Depression, many Americans and adolescents received full affects and suffered. Some were left hungry, impoverished, and hopeless, how are adolescents today compared. The 30’s were a time of great distress for many Americans. Events such as the stock markets crash, an economy suffering from being inflated, overuse of credit, a farming crisis, and other events led America to the economic downfall known as the Great Depression. During the Great Depression, the unemployment was high, the wages were low, communities called hoovervilles, and children had to stop attending school to work for money where ever it was possible to make.
According to History. com and The Great Depression article, almost everyone thinks of the worst economic times in the United States. The Great Depression is known as being one of the deepest and longest lasting economic downturn in the history of the western industrialized world (History. com). We can learn from the occurrences during The Great Depression that government involvement is the deciding factor of whether an economy will expand or continue to shrink during recession. The Great Depression was a very hard time for many Americans. Fourteen million Americans were out ofwork.
It’s been said the Dust bowls swept across the west and took out large farms and made farm production decrease rapidly. One good thing during the Great Depression was films, music, and books. There were many causes and effects of the Great Depression. One main cause was the stock market crashing. On October 29, 1924 or Black Tuesday, 16. 4 million shares of stock were sold. On November 13, 1929 the Dow Jones had fallen from a high 381 to 198. 7. The crash of the stock market affected millions. American factories began to close; Thousands of workers lost jobs or received a cut in pay.
The Ford Motor factory in Detroit, Michigan, one of the largest Ford factories in America, closed down. Banks in America closed down because they invested people’s money into the stock market and when it crashed people wanted their money and the banks just ran out. The Great Depression was also felt in foreign countries. France and England could not afford to pay back their war debts from World War I. The United States congress made import taxes to high which made it difficult for European nations to sell goods to the United Sates.
The two main causes of the great depression were over speculation, during the 1920’s the stocks were bought with borrowed money, which made the stock market unsteady. Farm production decreased during the Great Depression, much do to the violent dust storms. During these dust storms dust blew from as far as Chicago. The farmers couldn’t afford to keep their land because of the dust storms killing crop, and suffocating livestock. The dust storms gathered up dust from plains and made a blizzard of dust. People feared their lives and the lives of their family and friends.
To be able to keep their houses the people’s family and friends would buy their house from them. According to (allabouthistory. org), most characteristic of life during the Great Depression was the widening gap between the “haves” and “have-npts. ” Unemployment rose from a shocking 5 million in 1930 to an almost unbelievable 13 million by the end of 1932. It would be rural America that would suffer the greatest. Unemployed fathers saw children hired for substandard wages. In 1930, 2. 25 million boys and girls ages 10-18 worked in factories, canneries, mines, and on farms. Children left school to support their families.
Higher education remained out of reach for most Americans as the nation’s universities saw their student bodies shrink during the first half of the decade. High school attendance increased among males, however. Because the prospects of a young male getting a job were so incredibly dim, many decided to stay in school longer. However, public spending on education declined sharply, causing many schools to open understaffed or close due to lack of funds. The Great Depression brought a rapid rise in the CRIME RATE as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition.
Prostitution was on the rise as desperate women sought ways to pay the bills. Health care in general was not a priority for many Americans, as visiting the doctor was reserved for only the direst of circumstances. Alcoholism increased with Americans seeking outlets for escape, compounded by the repeal of prohibition in 1933. Cigar smoking became too expensive, so many Americans switched to cheaper cigarettes. Demographic trends also changed sharply. Marriages were delayed as many males waited until they could provide for a family before proposing to a prospective spouse. Divorce rates dropped steadily in the 1930s.
Rates of abandonment increased as many husbands chose the “poor man’s divorce” option- they just ran away from their marriages. Birth rates fell sharply, especially during the lowest points of the Depression. More and more Americans learned about birth control to avoid the added expenses . of unexpected children. Mass migrations continued throughout the 1930s. Rural New England and upstate New York lost many citizens seeking opportunity elsewhere. The GREAT PLAINS lost population to states such as California and Arizona. The Dust Bowl sent thousands of “OKIES” and “ARKIES” looking to make a better life.
Many of the MIGRANTS were adolescents seeking opportunity away from a family that had younger mouths to feed. Over 600,000 people were caught hitching rides on trains during the Great Depression. Many times offenders went unpunished. Demographic trends also changed sharply. Marriages were delayed as many males waited until they could provide for a family before proposing to a prospective spouse. Divorce rates dropped steadily in the 1930s. Rates of abandonment increased as many husbands chose the “poor man’s divorce” option- they just ran away from their marriages.
Birth rates fell sharply, especially during the lowest points of the Depression. More and more Americans learned about birth control to avoid the added expenses of unexpected children. This investigation will investigate how the Great Depression affected the United States in their economy during the second half of the 20th century. This investigation will be conducted by first analyzing the involvement of the United States in their economy a decade before the Great Depression in order to provide an understanding of the state of the United States prior to the Great Depression.
U. S. involvement in their economy will also be evaluated during the time period of the Great Depression to determine the immediate effects. Finally, the participation of the United States in their economy during the second half of the 20th century will be examined in order to observe the more long-term effects of the Great Depression. These three different time periods will provide an overall understanding of how events transpired and their outcomes. In conclusion, the Great Depression negatively affected the United States involvement in their economy.
The Great Depression broke the confidence of the American people as well as their leaders. The future of their economy was unclear and shaky strategies were used in order to attempt to recover. After the Great Depression, the United States government sought to remove systems that did not work for them in order to protect the country from any possible complications that could arise in the economy. After the Great Depression, the United States were more careful in what could stay and what had to go.