The Many Causes And Effects Of The Great Depression

1257 Words6 Pages
There were numerous causes and effects of the Great Depression. It was a divergent distribution of wealth. The nation’s wealth increased extremely but they did not distribute it evenly. The economy didn’t have any way of paying the money back. It created a financial crisis when Europe couldn’t purchase goods from the United States. It was mandatory for Germany to pay for World War I due to the Treaty of Versailles. This debt made the United States pass the Forney-McCumber Act which created high tariffs. There were a variety of reasons as to why the Great Depression started.
The Great Depression lasted from 1929 to 1941. It ended in 1941 once America prepared to enter WWII.It was the most forbidding and expanding depression ever. The Great Depression created a countless amount of
…show more content…
Populists viewed themselves as the voice of ordinary people. The American Communist Party described the New Deal as a “capitalist ruse”. Conservatives accused Franklin D Roosevelt of supporting socialism. Socialist leaders claimed the New Deal did not do enough to end the depression.
Fundings for the arts expanded skills in reading”. President Roosevelt changed the role of the presidency in American history by signing a law that limited the number of terms. The New Deal did not solve problems by creating new jobs. If it wasn’t for the new jobs, it would’ve been a decrease in the income. In today’s time, the New Deal would be a failure.
The Great Depression turned into a disaster for alot of residents of the U.S and farmers who went into debt. A lot of people became homeless and unemployed. The Stock Market Crash in 1929 was the beginning of the Great Depression. Due to the FDR’s New Deal, the government has grown. When the US entered WWII in 1941, that’s when the depression
Open Document