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Effects of great depression essay
The great depression: social, psychological, and cultural effects
The affect of the great depression
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Describe the psychological impact of the Great Depression. Demoralized by hard times, many Americans committed suicide. The suicide rate during the depression increased. With an economy that was failing, and factories laying off thousands of workers daily, the psychological impact on Americans was tremendous. The hopelessness of the situation exceeded the psychological limits of many Americans as families were torn apart and dislocated from their homes. The loss of family income, and the loss of their homes, and not being able to provide even the most basic needs sent many into mental depression. What was the biggest factor that contributed to this impact? The biggest factor the made the most psychological impact was the disruption to normal
The symptoms of the Great Depression began since the World War I and the economic boom of the 1920s, which was built on a shaky foundation. As a result, the Great Depression remained inevitable due to poor economic diversification, uneven distribution of wealth and poor international debt structure. However, although the Depression shook much of American society and culture, the capitalist system survived, the American people remained receptive and the belief in the "American way of life" didn't falter throughout the long years of economic
The stock market crash of October 1929 was the prelude to the Great Depression. It was a time of hardship and sorrow for many people. American morale was low, and money and food were scarce. Poverty and despair, however, were not foreign to the Black Americans; poverty had been common to them since their days of captivity. To many Black Americans who lived in the south, it was the return of old times.
The Varied Impact of the Great Depression on American People The experiences of Americans during the Great Depression varied greatly. For most, the Great Depression was a time of hardships and trials. The way that people were tried were different though, some languished in a collapsed economy, while others had to struggle to make a living in the remote regions of the country. The years berween 1929 and 1933 were trying years for people throughout the world.
The Great Depression was one of the most important historical events that has happened within the last century that impacted every Americans life one way or another. There were many factors that could be an explanation of why The Great Depression happened, but there is no one definitive list of the reasons of what caused The Great Depression. It was a mixture of events in the United States and outside of it that probably led to this period of time to happen. The main reason that everyone could agree on was the event of the Wall Street Crash of 1929. Because of The Crash, it made people go on a bank run which made thousands of banks to close because they simply did not have all the money for all the people wanting to withdraw their savings. Because everyone was trying to take their savings out, most people were turned down by the bank and essentially lost of their savings in the bank. The banks were failing and because they had no more money left, this stopped the banks from having available credit for people to use which made matters even worse for the people. This leads people to poverty and were left with nothing. Because people were poor and were scared of spending their money now, it made people stop buying extra things that weren't essential to live. This was the cause of the unemployment rates during this time period because if no one was buying anything, then there was no reason to keep extra workers for things people are not buying.
The Great Depression was felt worldwide, in some countries more than others. During this time, many Americans had to live in poor conditions. In the United States, 25 percent of the workers and 37 percent of all nonfarm workers lost their jobs (Smiley 1). Unemployment rates had increased to 24.9 percent during 1933 (Shmoop 1). Unable to pay mortgages, many families lost their homes.
The Great Depression led by many problems and caused many more. This is the time that many people were left with nothing, all because the economy had failed drastically. Americans lost their jobs, homes, and even family. Homelessness and unemployment were two of the biggest impacts the Depression had after all. The economy destroyed itself and everything else; it became a global issue and affected so much.
The Great Depression was the worst economic collapse in the history of the industrialized world that affected everyone from children to elders. The social values of consumerism and isolationism that impacted the way that average Americans behaved was a huge part of what caused the collapse of the global economy. The stock market crash of 1929 set off the Great Depression. Economists also blame the overproduction and underconsumption of consumer goods and food. The doubtful state of the foreign balance and the world’s economy played a role in provoking the collapse as well. The Great Depression was launched due to a chain reaction of social causes, over speculation in the stock market,
The Great Depression was a difficult time to have a family. Money was Scarce and food was expensive. Family where torn apart by Stress and financial issues. The Braddock family was a poor with a father struggling to keep food on the table and the lights on. The Great Depression had a great impact on the Braddock family by making them face economic hardship, emotional distress, and family unity.
What do you think water soup with a few potatoes in it tastes like? Or can you imagine living in a world without toilet paper? Well, this was life during the great depression. It began at the end of the 1920s, the entire nation suffered the most dramatic economic disaster during the period 1929–1933. 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. Life for the people through the great depression was devastating and restricting.
In conclusion, The Great Depression was a harsh, disappointing, event that never be forgotten. This event was a hard time to live in. Some survived and lived on to tell their stories. Some died to be free from all of the problems they were facing. And Finally, some were murdered from the heartless gangs that were formed to kill, scare, and mistreat their surroundings.
A rise in crime, unemployed individuals had to look toward petty theft to put food on the table, suicide rates increased, malnutrition, prostitution, no adequate Health care, Alcoholism increased with Americans in search of ways to escape the crisis, prohibition and much more unfortunate situation unfolded during the time of The Great Depression. This troubling time lasted from 1929-1939. The Great Depression was a time of worldwide economic depression, the most disastrous of all economic crisis in the history of the United States. The Nation was falling apart, and something needed to be done about the crisis facing the country. The American people needed a change in the situation. After winning the election and defeating Hoover, President
Life expectancy started to decrease during the 1920s. Suicide peaked when unemployment rose. Men felt useless and worthless to their families once they lost their jobs. After all, they felt that they were supposed to be the main providers.
Beginning on Black Tuesday, October 29th, 1929, a total of 14 billion dollars was lost in America’s economy. Near the end of the week the 14 billion turned into a total of 30 billion dollars (The Great Depression Facts). Many events during the Stock Market Crash caused damage to the economy and lifestyle of the country, ending with recuperations from The Depression.
The Effect of the Great Depression on National and Individual Morale The Great Depression of the 1930’s was an era of hopelessness and fear for many. Coming soon after the prosperous Coolidge era, the Depression affected a nation of people who had based their self esteem around their ability to work and provide well for their families (Clements, page 67 - 69). Individuals and families had to contend not only with an existence that pushed people close to suicide and starvation, but a total loss of self worth and the haunting memories of the cars, radios and relatively luxurious lives they would have led five years previously.
...tter poverty. The depression affected millions of Americans and I got to really feel what they went through when I watched the movie Cinderella Man. Jim Braddock the main character of the movie went thorough tough times; he lost his job, couldn’t support his family and witnessed loved ones being lost to the Great Depression. Going through all this just made him a stronger man. This gargantuan mess was all created because of the Stock Market crash of the 1930’s. This was a time when the huge stock market fell to the ground. The crash hurt so many American families including Braddock. Even though the Great Depression ended a while ago there are similar things that happened in the Great Depression that are happening in 2010. The Great Depression ruined many people, America needs to learn from their mistakes and make sure ruination like this never happens again.