so during the depression they lost money like the men did. They were only a percentage of the people involved in the stock market however, it was mostly still men. Women also stopped buying as many labour saving devices during this time. African Americans during the Depression were mostly still working on farms. They suffered like the rest of the farming population with debts and surplus produce.
Even though it first happened in America, other parts of world were also involved such as Australia, Canada, China, France, and Germany etc. During the Great Depression, the number of people unemployed increased, causing a lot of people to be jobless. Personal income, tax revenue were greatly affected. Many people thought that the cause of the Great Depression was started by the stock market crash on October 29, 1929. Truth is, it was a misconception.
Many farmers could not compete with these low prices and lost or sold their farms. These people were not only a burden but also had little to do but cause trouble and contribute to an ever increasing crime rate.” With so many unemployed people in Germany at the time of the Great Depression, they started asking for loan... ... middle of paper ... ... can and have fallen from reasons such as unemployment, political corruption, and fast expansion, all coming from the inside. There have been many reasons that societies have come and gone, and I believe that all of the ones I have stated are big contributors that will get to the United States one day and ultimately lead to our fall. Works Cited http://www.rome.info/history/empire/fall/ http://alphahistory.com/weimargermany/great-depression/ http://www.edu.gov.mb.ca/k12/cur/socstud/foundation_gr8/blms/8-3-5e.pdf http://www.ushistory.org/civ/6f.asp http://www.ukapologetics.net/weimar.html http://www.lookandlearn.com/blog/17632/the-rise-and-fall-of-ancient-greece/ http://www.examiner.com/article/overexpansion-and-the-fall-of-the-roman-empire http://www.historyonthenet.com/Chronology/timelinenazigermany.htm http://www.livius.org/maa-mam/macedonia/macedonia4.html
The effects of the Wall Street Crash were felt all around America as people starved, businesses became bankrupt and unemployment rose. This era was known as the Great Depression and would last for another ten to twenty years. In the short term, rich investors lost great deals of money. Whilst, poorer investors, who had borrowed ‘on the margin’, could not repay their loans and thus became bankrupt. After a while, these incidents began to affect the American public.
There were many elements that led to the Great Depression like the stock market crash, bank runs, the dust bowl, and the new deal. The Great Depression was an economic downturn between 1929-1939. Many people lost their jobs and did not have enough money to keep a roof over their head. Only the rich could manage while the unfortunate grieved. Both the rich and poor were petrified, and the rich even concealed their money so no one could take it from them.
252). The life savings of many were lost before anyone could comprehend what was happening. Many businesses also felt the impact of the depression, as funding dried up businesses closed their doors (Kennedy, pg. 163). Iron and Steel production slowed to levels never before seen (Kennedy, pg.
The Great Depression lasted so long was because it affect a nationwide and people didn’t have money to spend to recover the economy 2. What was the impact of the Depression on farmers, minorities, and women? a. During the great Depression, many people in the city were unemployed. A third of American farmers lost their land and had to move to city to search for jobs.
Since most of the families had no money to buy goods, store owners had to reduce their orders from the factories. Due to this, factories had to fire workers and decrease... ... middle of paper ... ... the effects of the Recession. Many people still believe that we are in a recession today. They are still feeling the effects because they are in upside down home loans, unemployed, and depend on the government to get by in life. In conclusion, the Great Depression and Great Recession were very similar to each other.
The Great depression and the Recession of 2008 There were many causes for the great depression in the 1929; the most noticeable one was the stock market crash of 1929. This crash started on the 24 of October then on October 29, the stock market just dropped on a day called Black Tuesday. After that, everything fell, the banks failed because they do not have the money to give out to the people. There was also a reduction in purchasing across the board. There was also severe drought and American economic policy with Europe was strict which made businesses to fall.
The stock market crash during the 1920s, stock prices far exceeded their real value. Many stock buyers bought stock on boundary, or on money borrowed from the stock brokers. When stock prices fell many investors with margin accounts were forced to sell, driving prices down even further. Stock prices began to fall in September 1929, but in October 29 so called “Black Tuesday”, was the worst day in stock history, the stock market on that day, the prices drop dramatically. When the economy collapsed with it, people everywhere lost their jobs and homes.