Imagine living in a country full of wealth and then all of a sudden, BAM! the economy falls and everyone loses their money over night, losing everything they love and living in a world full of dirt and suffering. The Great Depression was a quick punch to the stomach to the U.S. and its people leaving suffering and scarred long after. After World War 1 prior to The Great Depression, the U.S. was in a successful state where everyone could get what they wanted. Until a sudden crash in the stock market showed that their perfect paradise was destined for disaster. The Great Depression is historic because It was an event where people suffered for many years, showed problems with the economy, and started social welfare to protect people.
There are many astonishing factors that contributed to The Great Depression that affected the United States and the entire world. With the end of the first World War the United States was benefiting financially by helping Europe, until the stock market crash that has happened on October 24, 1929 (Benson). This means that with the stock market crashing, the U.S. would fall economically along with the ones who relied on them for support in Europe. This is important because if the United States and Europe have economic trouble this would be a problem for international trade and hurt even more countries. Since so many people had invested in stocks, the people lost all of their money, almost over night, and jobs had decreased leaving many unemployed (“Great Depression”). This is important because this means people would not be able to afford the everyday essentials such as food and water. In other words the majority of U.S. citizens was living in poverty searchi...
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...rafted earning jobs and earning money for the United States. In the end the country had recovered and was back to a country full of happiness and prosperity.
In conclusion The Great Depression was impactful because many suffered in the event, It showed vulnerability within the economy, and It began social welfare for all. This happened due to unpaid debts to the U.S. rom citizens and Europe and started when the stock market crashed and got even worse with the Dust Bowl. The event left people without money, food, and shelter, leaving them to rely on the president’s plans. when the new president came into office, he started making plans to end the depression and set laws from preventing it from happening again and those laws are still around. With the depression, the weaknesses of the U.S. were shown and fixed keeping the country safe from future tragedies, hopefully.
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