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The aftereffects of the great depression to the american people

Its causes were many: Farmers invested in new machinery so they could produce more crops to ship overseas to countries devastated by the war.

  • Although there is some debate about the reliability of the statistics, it is widely agreed that the unemployment rate exceeded 20 percent at its highest point;
  • Social Effects of Unemployment;
  • The Stock Market plummeted, people lost jobs and homes;
  • And wars mean jobs;
  • Health care in general was not a priority for many Americans, as visiting the doctor was reserved for only the direst of circumstances;
  • The Depression affected virtually every country of the world.

I never used to like this part of American history, but working with piece of literature Steinbeck, for exampleI had to learn about the Depression it is something I find fascinating. The Stock Market was a mess because money was invested, but no one was keeping track of the number of stocks being sold, whether there was money to support the sale of those stocks; bank loans weren't secured. Cars were manufactured beyond demand—only to sit on the lots.

  • Poverty levels increased in America;
  • I never used to like this part of American history, but working with piece of literature Steinbeck, for example , I had to learn about the Depression it is something I find fascinating;
  • Class separation was based on the neighborhoods where people lived and the type of houses they lived in;
  • Those that became unemployed would also lose their homes;
  • The Depression affected virtually every country of the world.

The money was invested in the cars, borrowed from banks, but could not be turned into cash if no one was buying cars. When people got nervous and started to try to withdraw their savings hello, It's a Wonderful Lifethere was a run on the banks.

What Were The Results Of The Great Depression

Money in banks had been invested in loans to build homes and businesses. When everyone went to get their money at the same time, the banks had to close down—loans had been made, which meant the money wasn't in the bank, but invested in the community.

Interest collected on loans allowed banks to pay dividends to their customers.

48e. Social and Cultural Effects of the Depression

The Stock Market plummeted, people lost jobs and homes. Farms failed and went to seed as banks foreclosed on properties. There was a terrible drought. People traveled across the country to find jobs.

I read somewhere that four or five girls might share an apartment, having only two nice dresses between them. They would take turns wearing the dresses—only two girls going out each day—to see if they could get jobs so they could survive.

  • Keep in mind the source here — the Foundaton for Economic Freedom;
  • The social life of the unemployed family was therefore significantly reduced;
  • These terrible deaths took there toll on the deceased family in terms of grief, loss and in their quality of life.

People who traded heavily in the Stock Market lost everything. Families that had once been wealthy were quickly reduced to living very frugally if they were lucky, or finding themselves broke.

Great Depression

There were soup and bread lines to keep people from starving. Some families lived in lean-tos, where a piece of metal for example was placed on an angle leaning against a building.

This was all a family might have to protect them from the weather. It's hard to imagine how bad it was.

I know my mother said they ate bread and butter for dinner and were happy because they weren't hungry. Things we take for granted today chocolate, going to the movies were luxuries people then could no longer afford. They worked hard and pulled together to get through.

Artists of the New Deal

In the 1930, FDR introduced programs to aid people and jump-start the economy. Then in the 1940s we were at war again.

  1. Table 2 shows the peak-to-trough percentage decline in annual industrial production for countries for which such data are available. It's a group with a somewhat dogmatic, though scholarly, approach to economics.
  2. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes. Some families lived in lean-tos, where a piece of metal for example was placed on an angle leaning against a building.
  3. And servants had to be dismissed adding to the rising unemployment figures. The French recovery in 1932 and 1933, however, was short-lived.
  4. The Stock Market plummeted, people lost jobs and homes. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes.
  5. There was no government financed "safety net" of welfare or relief programs at the beginning of the period. Social Effects of the Great Depression Fact 3.

And wars mean jobs. Sadly, the economy didn't really turn around until the 1940s.