Main Causes Of The Great Depression

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The Great depression was the worst times in American history. During the great depression, the economy was very bad and many people couldn’t afford food or houses. There were many people who couldn’t finds jobs in this time and life was very hard for millions of American people.
The great depression started on black Tuesday, October 29, 1929 and lasted until 1939. Some of the main causes of the great depression were that there was overproduction of food and also industrial parts, banks gave out too many loans and at the end people could not pay them, and also the stock market crash of 1929. Farmers in the western world produced more food than Americans needed. Farmers then couldn’t sell the food and then lost their farms. Industrial workers produced too many things. Workers couldn’t buy goods. Banks made bad loans to people. The banks wanted to expand. But people couldn’t pay for the loans.
Before the great depression started, so many people said they couldn’t pay the banks back, which caused the banks to close down. During the late 1920’s American consumers were buying less, prices were rising and Americans were overbuying on credit which were to blame, problems with the economy emerged. Many American people were engaged in speculation- they were buying bonds, and also stocks hoping to make a quick profit. Americans were buying “on margin”- which is paying a small percentage of a stock’s price using it as a down payment and borrowing the rest of the money. A lot of Americans put all of their saved money into the stock market. On the month of September the stock market had some unusual movements increasing then decreasing, but on black Tuesday October 29, 1929, the stock market crashed. Lots of people lost all of their money. M...

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... the First Lady would help them out for sure. Mrs. Roosevelt used her newspaper columns and radio broadcasts to ask to expand federal aid to help poor children and teens in need.
She was very different from all the other first ladies because she was the only one that became a real public figure and connected with the Americans. Hoover, Roosevelt, and Eleanor all tried to stop the Great Depression but the Great Depression didn’t actually end until the start of the World War II in the year 1939.
It would be until December 7th, 1941 that the Great Depression unofficially ended with the United States’ entry into the World War II. Factories that made cars, clothes, and other consumer goods changed to war production. 15 million Americans joined the armed forces and new job opportunities for women and minorities in the new war economy virtually eliminated unemployment.

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