Many American people lost their money and their jobs. They were jobless and they were unable to make rents or house payments. Some of them were kicked out of their houses because they couldn’t afford the house. And were homeless living on the street. The causes of the Great depression were when people started loaning money from the bank, and then they would purchase stocks on margin and get profit from it, but people did not make money off of their stock and they owed for the original stock.
Clara Nielsen US History 3.11.2015 Civil Concentration Corps Before the Civilian Conservation Corps (CCC) were started our country was in a great depression. People had almost no money and couldn’t afford some of the necessities of life. All around the world there was fires, smoke, floods, drought, erosion, and to top it off the dust bowl. It was very difficult to find good soil. The storms and floods had taken all the good soil in the 1930s.
Many lost their jobs, and were forced to look for work elsewhere. Numerous people were also forced to leave school to help pay the bills (Doc 1). Herbert Hoover, considered one of the worst presidents ever, did not help the situation very much. In 1930 he said that “The Depression is over.” However, the Depression did not end until 1937 when World War II began (Doc 2). The country was fed up with Hoover’s help.
Perhaps the worst economic downturn in the history of the United States occurred from 1930-1939. The Great Depression led to domestic and international crises effecting the poor and wealthy alike. Many financial experts today continue to debate the cause of The Depression, although most agree that several events led to the economic decline. The famous stock market crash on October 29, 1929 is just one of many causes economists believe led to The Great Depression. Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.).
Which can be supported by the quote “[…] none knew he was in debt” (Prologue Chaucer 123). Many people didn’t leave their homes or went and moved far away from cities to avoid the plague. This happening caused many people to not attend their jobs and sell goods. Trading was also affected a lot from this plague; some cities even closed their shipping docks, scared that incoming ships would bring more of the Black Plague with them. The only people who enjoyed the black plague were the peasants as said in the quote “As the Black Death swung the balance in the peasants favor” (Routt).
In life there are many hardships. The book of The Good Earth and the article of The Great Depression shows us the hardships that they had during the 1930s. These two nonfictions have the same hardships, but there are different hardships between them too. In the book of The Good Earth shows us that they have problem with harvest because of the weather. And because of that they had no money for food and there was lack of food.
Unemployed parents could not pay for food or water, nor could they pay for clothing and shelter, and as a result, innocent children suffered. Incapable of providing for their families, many fathers became frustrated, and simply abandoned them, leaving them to fend for themselves. Other times, young children were left homeless, having no one to care for them. During the height of the Great Depression, at least 200000 young people and 25000 families roamed the country, in search of food. These alarming statistics show just how greatly the Depression did actually impact
People knew this depression as an economic slump in North America, Europe, and other industrialized areas of the world. Because the depression spread so rapidly throughout the world, many people were in need of jobs and became bankrupt. In the story, Of Mice and Men, two of the characters were in search of jobs and better lives, but the Great Depression affected their search. Lennie and George, the two main characters from the story, enjoyed farming and desired a simple life. Unfortunately, these two characters also faced the obstacles of
But the 20s weren't all fun and glamour. The early 20s was a time of struggle. 15% of Canadians were left without work (they couldn't support their families). Prairie farmers suffered from a collapse in the wheat marker. Many soldiers returning from the great war (expecting to get their old jobs back) caused a great surplus of workers.
Millions had no job, were poor, homeless and hungry. This great consequence came from the crash of the stock market in 1929. Many things were happening that lead to the Great Depression. Farmers were overproducing their goods, mostly wheat, big business people were putting their money into business they didn’t even know about, and the business cycle was just going up and down, and eventually stayed at a very low point, which is called a trough. The assignment that was given to me was to write an essay and make a PowerPoint about what I think caused the Great Depression.