Free Essay About The Great Depression

Causes of The Great Depression Essay

701 Words3 Pages

Imagine a society where over 25% of the population was unemployed. That is what it reached during The Great Depression (“The Great Depression”). During the depression unemployment rates were the highest they have ever been. It is highly speculated to this day on what exactly caused The Great Depression. Most historians agree it was a chain of events, one after another, that brought our country into chaos. Some events were more impactful than others. These events caused pandemonium among the public, which blew it even more out of proportion by trying to save themselves from bankruptcy. The three major events that caused The Great Depression were the Stock Market Crash of 1929, the bank crisis, and public overreaction. Although…show more content…

Imagine a society where over 25% of the population was unemployed. That is what it reached during The Great Depression (“The Great Depression”). During the depression unemployment rates were the highest they have ever been. It is highly speculated to this day on what exactly caused The Great Depression. Most historians agree it was a chain of events, one after another, that brought our country into chaos. Some events were more impactful than others. These events caused pandemonium among the public, which blew it even more out of proportion by trying to save themselves from bankruptcy. The three major events that caused The Great Depression were the Stock Market Crash of 1929, the bank crisis, and public overreaction. Although it is a semi-popular idea, it is too simplistic to view the Stock Market Crash of 1929 as the sole cause of the great depression. The “Roaring 20s” was a period of time where business was booming. Companies were expanding exponentially with the new nation growing. Eventually, businesses were expanding faster than the demand was growing so it was a bubble just waiting to burst. Corporate profits were skyrocketing, while wages increased incrementally, which widened the distribution of wealth. By concentrating the wealth into fewer hands it limited economic growth (“Economics Essays: Causes of Great Depression.”). Middle class families were introduced to installment plans, where you could buy something and pay for it later on. This led

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The Great Depression Essay

1057 Words5 Pages

Many adolescents, In the Great Depression, received the full affects and suffered. Some were left hungry, impoverished, and hopeless, how are adolescents today compared? The 30’s were a time of great distress for many Americans. Events such as the stock market crash, an economy suffering from being inflated, overuse of credit, a farming crisis, and other events led America to the economic downfall known as the Great Depression. During the great depression, the unemployment was high, the wages were low, lines stretched around the city for food, families that lost their house had to live in makeshift homes in communities called hoovervilles, and children had to stop school to work for money. Teens effected by the Great Depression worked…show more content…

Today, we live very different social lives than teens during the Great depression. Teens today are very social to other people; we interact with others by Email, mobile phones, social network sites, and attending school. Today, teens are very concentrated in their social life, you can see many teens on the computer using Facebook or using their phones to text their friends. With these new technologies, we can communicate to friends without being next to each other or writing letters. Teens interact with adults by talking to teachers, parents, and ordering food at restaurants.

Teens now and teens in the great depression compare culturally in numerously. Adolescents during the great depression would find a ways to escape the horrors of the depression without spending too much money. Teens would play sports, board games, playing cards, listened to the radio, watched movies, and listen to jazz music. Sports like baseball and football were enjoyed during the great depression, new board games such as scrabble and monopoly were widely played, and card games like whist and bridge passed the time. They would listen to news broadcasts, sports, dramas, radio shows on the radio. Teens and all people would attend movies at the movie theater, movies like Gone with the Wind and those starring Shirley Temple were adored. Walt Disney’s animated movies also came during the Great Depression, films like Snow White and the Seven Dwarfs were some of his work during

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