Essay on The Great Depression Of The 1930s

Essay on The Great Depression Of The 1930s

Length: 1182 words (3.4 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

The great depression of the 1930s was known as the biggest and longest economic slump. Many lives were affected by the depression and many people were left unemployed and others homeless. This economic catastrophe begun in the United States and overtime it spread all around the world. European countries such as Great Britain and Germany were facing large debts after the First World War and turned to America for help in paying off those debts. This resulted in a financial crisis worldwide. It was believed that the depression started with the Wall Street crash that occurred on the 29th of October in 1929, also known as black Tuesday. The depression lasted a decade until 1939, right before the Second World War. The stock market crash, bank failures and unemployment are all different factors that played a major role in the cause of the depression. The great depression of the 1930s was caused by weaknesses in the economy of the United States primarily because of the stock market crash which created financial chaos which throughout time spread to other parts of the world.
The great depression caused a major decline in economies and in most businesses due to the crash of the stock market. The stock market is a place where sellers trade stocks and bonds also known as buying and selling. The crash started on Black Tuesday where stocks in the market began to drop and lose its value. After the crash, stockholders lost billions of dollars and even though the markets began to regain most of its losses, it was not enough and this caused economies to enter the great depression. Majority of the people at the time were in credit debt which banks were unable to handle. As the years went by, stock prices continued to fall in the U.S. Wealth throu...


... middle of paper ...


...is led to another which created the entire depression.
In conclusion, the great depression caused many problems throughout the American economy. Events like the stock market crash affected banks which later on began to fail which then led to a high rate of unemployment in the United States. Although the depression was a major problem in international economies as well, it was primarily caused from the American economy. After the stock market crash, banks were no longer capable of lending money to the citizens which created difficulties for the American economy. Most businesses were failing and people were struggling to support themselves and their families. If the economy did not fail in America during that time, then depression would not have hit other countries worldwide. It became difficult for the United States to lend money to Germany after the war because money

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Youth During The Great Depression Essay

- Youth and their issues have been seen in movies for an eternity. When issues arise, socially, economically, or culturally, the youth of the time in which they take place are the ones that are expected to be able to make a change and ultimately fix them. Throughout history, the pressures on teens have been seen greatly, from the Great Depression era of the 1930s, the violence and rebellious actions of them in the 1950s, and the changing of culture that they were expected to come a custom to in the 1980s....   [tags: Great Depression, 1930s, Unemployment]

Strong Essays
1096 words (3.1 pages)

The American Family During The Great Depression Essay

- The stereotypical Canadian family during the Great Depression consisted of a father who left home to find work elsewhere in the country, a mother trying to make ends meet with what little they had left, and their malnourished children. Although, as is often the case with stereotypes, this was not how all of the population lived. Specifically speaking, women were not just resigned to waiting for their husbands or fathers to come home with money and provisions. Many Canadian women in the 1930s may have been the only reason their families survived that decade of hardship and sacrifice....   [tags: Great Depression, 1930s, Unemployment]

Strong Essays
1525 words (4.4 pages)

Essay The Great Depression

- In the decades preceding the Great Depression, the world’s economy had been dealing toward globalization. Some countries reduced the barriers to trade and capital flows. When more nations became integrated into a expanding world economy, it set the stage for modern economic growth. At that time, more people started to enjoy political and economic freedom more than any other time in history. The hardship of the late 1920s and the 1930s has yet to be replicated on such a grand scale. The 25% unemployment rate was a reality back then....   [tags: Great Depression, Unemployment, 1930s]

Strong Essays
706 words (2 pages)

The Great Depression of the 1930s in Canada Essay

- The Great Depression of the 1930s in Canada The Great Depression of the 1930's is a benchmark for all depressions and recessions in the past and in the future. In the booklet "The Great Depression of the 1930s in Canada" , Michiel Horn gives an intellectual dissection of the events that occurred during the Great Depression. Michiel Horn's approach leaves the reader with a foul taste for the Dirty Thirties. This essay will summarize Michiel Horns key points as well as discuss the ability of Michiel Horn to report his findings....   [tags: World History]

Strong Essays
1319 words (3.8 pages)

The Great Depression Of St. Louis Essay

- The 1930s plagued St. Louis with unrelenting economic hardships until war based economies began to prepare for the inevitable global conflict of the early 1940s. World War II revitalized the economy of the St. Louis region and relieved the population from the constraints of the Great Depression. The city experienced a 50% decrease in manufacturing, and unemployment levels greater than 30% by the end of 1933. Projects through the Works Progress Administration put people to work, but did little in reviving the ailing city....   [tags: World War II, Great Depression, 1930s]

Strong Essays
721 words (2.1 pages)

The Great Depression Impact On The American Depression Essay

- 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. During the depression it was not uncommon for family’s to go hungry and for parents to do unusual jobs for work....   [tags: Great Depression, Business cycle, 1930s]

Strong Essays
711 words (2 pages)

Analysis Of Morey Skaret ' On The Road During The Great Depression ' Essay

- “Morey Skaret: On the Road During the Great Depression” In pop culture a hobo is usually portrayed as either a murderous villain on the run from the law or a naive youth running away from home. In “on the Road During the Great Depression” Morey Skaret gives readers an insight on how hobos of the 1930’s survived life on the bum. A hobo is a homeless man who jumps trains from city to city looking for work, unlike tramps who don’t look for work (American Firsthand 186). Skaret and his best friend Charlie Shellfish were hobos and there adventure gives a great account of the dangers hobos faced....   [tags: Great Depression, 1930s]

Strong Essays
736 words (2.1 pages)

The Causes And Effects Of The Great Depression Essay

- A White Picket Fence and a Home to Call My Own “In 1933, at the worst point in the Great Depression years, unemployment rates in the United States reached almost 25%, with more than 11 million people looking for work” ("The Causes and Effects of the Great Depression”). Immigrants migrated into the U.S., mainly in hopes of accomplishing the American Dream and living an opportunistic life. However, in the 1930s Americans became disillusioned and skeptical of their livelihood due to the Dust Bowl and Great Depression, which altered the American Dream into a desperate hope for survival....   [tags: Great Depression, Dust Bowl, 1930s, United States]

Strong Essays
1481 words (4.2 pages)

The Decline Of The Great Depression Essay

- Mary, Toby, and their family were forced to move numerous times throughout the novel, Mary Coin, constantly migrating to look for jobs across the state of California and the like. If a job did not pay well the family would load their belongings in the Hudson and drive off to another workplace with no questions asked. This happened very often because their services for them were no longer needed and they were forced to be laid off. The time period was the Great Depression, where the economy was in its biggest slump ever, leading to many Americans looking for work and overall being dirt poor....   [tags: Great Depression, Dust Bowl, Great Plains, 1930s]

Strong Essays
1417 words (4 pages)

Joseph Of The Great Depression Essay

-     Joseph Coleman is my Papa. He was a family man. He worked , cared, and was stubborn. Papa was an ordinary family man whom his stories are great. In fact, his greatest story would be living through the fallout of the Great Depression. But Papa 's story wasn’t complete. There were facts missing and I found those facts that helped me learn more about my Papa and his life. This is my Papa and his story.  Papa didn’t have a education because of the Great Depression and many facts and sources support this idea....   [tags: Great Depression, 1930s, World War II]

Strong Essays
1159 words (3.3 pages)