What Are The Changes In America's Life During The Great Depression

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Life after WW1 was great for the Americans. New technology was being created and used, but after about ten years of living life of pleasure, the Great Depression took America off its feet. The great depression was an economic slump in North America Europe, and other industrialized parts of the world. It began in 1929 and lasted until 1939. It had many events that contributed to people becoming severely poor, jobs were no longer available, and crops were destroyed by natural disaster, and many people died. America’s economy drastically went up and the employment rate was high after winning WW1. New technology was being developed. Things like the electric blow dryer, pop up toasters, and electric blenders, and irons were being used by …show more content…

He was blamed by American people that it was his fault for the great depression. He didn't take into consideration what was going on with the stock market and didn't do anything early enough to stop it. He could've prevent the worsening of the great depression but failed to do so. It was the longest and worst depression that the western world ever experienced. The stock market crash on October 29, 1929 which was known as Black Tuesday which created a series to the great depression. Many people across the world faced many trials and suffered during the great depression. While America prospered during the 1920’s, most of Europe was still recovering from the war (WWI). Europe fell into an economic decline. America became the world's banker but when Europe quit paying back loans to America and buying less American products, the depression spread. When the market crashed, people began withdrawing their money from the bank and put the banks into serious trouble. After the drastic drop of money, the banks soon failed and had no money to lend. Employment rates went down because there was no money to pay employees and people had to survive off of why they had, which was very little or

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