The Great Depression And The Depression Essay

The Great Depression And The Depression Essay

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Imagine how would it be if all of a sudden economy crashed and there is no back up plan. It has happened before in history during 1929 with the crash of The Wall Street, which marked the beginning of the depression. The great depression was on of the hardest time in American history.
After the roaring twenties was the dirty thirties which started with the stock market crashed and marked the beginning of the Great Depression and consisted of Dust Bowl in South. Great Depression was the worst economic downturn in American history with millions of dollars loss in stock market crash. Many reasons contributed to rise and deepening of the great depression. Unequal distribution of wealth, unemployment and failing to enforce antitrust laws caused sharp rise in prices. Unemployment rates raised up to 15% and stock market crash caused many banks to collapse resulting economic conditions to get worse. New technology made work easy, quick and required less labor, and in many places like big factories where a lot of people worked was replaced by machines. Jobs were hard to find and wage earnings were affected too. Women were mostly paid less salary than men. They mostly worked at sales, clerical jobs than working at heavy duty jobs like factories, where men worked. Many people were unable to pay their bills and were forced to leave their house. Homeless citizens built camps, which was called Hoovervilles. Camps were built out of cardboard, tin, lumber and mostly they were less glamorous and was built mostly near rivers for the convenience of a water source.
In mid 1930’s was the Dust Bowl in the Great Plains. Overgrazing, overproduction, using of harsh chemicals, caused the grass to disappear and topsoil being exposed. High wi...


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...of women demanding for more freedom and equal pay. They wanted to work outside at a job but many went back home to their normal housewife role. World War II ended in late 1940’s. American economy and average middle class earning was good and family life started developing by 1950’s calling it “baby boom”.
New programs started by President Franklin D. Roosevelt like Social Security Reforms, Tennessee Valley Authority, Works Progress Administration provided federal jobs and assured retirement plans and all of these little steps helped secure the future of American citizens. Federal Deposit Insurance Corporation was created and is still in progress which each depositor is insured up to $250,000 per insured bank. The Great Depression reinvented United States of America and made it more stronger with new benefits and programs to help the citizens of the country.

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