Great Depression

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by ethanbenson2
Last updated 4 years ago

Discipline:
Social Studies
Subject:
World War II

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Great Depression

Accomplishments

The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.

Lasting Impact

The most devastating impact of the Great Depression was human suffering. In a short period of time, world output and standards of living dropped quickly As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s. While conditions began to improve by the mid-1930s, total recovery was not accomplished until the end of the decade.

How did it happen

The Great DepressionEthanB.

Video of the Great Depression

The Stock Market Crash of 1929. The American economy entered an ordinary recession during the summer of 1929, as consumer spending dropped and unsold goods began to pile up, slowing production. It stared on October 29, 1929

How did it end

On the surface World War II seems to mark the end of the Great Depression.During the war more than 12 million Americans were sent into the military, and a similar number toiled in defense-related jobs. It ended on April 1939.

Why did it happen

Unemployment jobs payed a quarter of the workforce was without jobs by 1933 and many people became homeless.

The Great Depression

During the Great Depression, several churches, government agencies and wealthy citizens ran kitchens that served soup to the hungry. The cheapest way to feed lots of people in need was to make huge pots of soup from ingredients that farmers, restaurants and those with extra food had donated.


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