Effects Of The Great Depression

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Effects of the Great Depression Your Name Here Date Class Title The Great Depression, it affected many people during it’s time. The Great Depression spanned from the year 1928 to 1935. One very large example was that America and Europe encountered was the decline in incomes. Millions of workers were thrown out of work entirely. Then, some of those millions started part-time jobs. Even those who kept full-time jobs often had to accept a reduction in wages. In the United States, the income per capita had fallen from about $700 in 1929 to about $400 in 1933. Most of Europe had gone through his problem. Only Soviet Russia, the country which had basically isolated its self from every other country at the time, had not been affected by the Great Depression. But the Russian people, especially in the Ukraine, had suffered very badly for several years after 1929 for other reasons and causes. Another effect of the Great Depression was the shrinkage in trade and manufacturing. It shrank rapidly, for example, in 1929 the estimated value of United States imports and exports had gotten up to ten billion dollars. By 1933 the value had dropped to three billion. Also, American industrial output as decreased by half. In 1933 the world acreage that covered wheat, rice, rye, maize, barley, and oats had been larger than in 1929. All the other crops, such as potatoes and sugar, that furnish calories for human consumption, had actually risen. As six sevenths of the American race depend on cereals for most of their nourishment, this gain in agricultural production was extremely important at the time. A decline in births and marriages were also an effect of the Great Depression. This is most likely because when people feel highly insecure and think that their future isn’t looking good and isn’t going to look good for a while, they is a lesser chance that they would want to marry and
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