Severe Economic Downfall During The Great Depression

The severe economic downfall during the period from 1929 to 1941 is known as The Great Depression. The stock market crashed and millions of people lost their jobs and ended up homeless. It was one of the most terrifying eras in the US’ history. Industry and agriculture were both major causes of the Depression. Many things were replaced due to the fact of development of the technology. For example, railroads lose to automobiles and coal loses to hydro elective , natural gas, and oil. Also, fewer houses are built because almost all of the industries were declining, so businesses also declined since there was no one to built houses. Furthermore, businesses who relied on or were related to those industries were also dragged down, such as wood companies, furniture factories, and real estates. This was the same for railroads and coal as well. Another significant cause was the decline of the agriculture. Farms over-produced during World War I in order to feed Europe, and corn and whe at tool out loans. Farms cut down trees to try to extend their land to produce more crops. However, since there were no more trees, the soil got loose and became easily picked up by the strong winds. This created huge dust storms, which also had nothing to stop it, and became known as The Dust Bowl. After the war, the crops declined 40% and the prices dropped as farms produced more. These unfortunate cycles lead to the depression. The president at the time was Herbert Clark Hoover, who was elected inShow MoreRelatedSevere Economic Downfall During The Great Depression1360 Words   |  6 PagesThe severe economic downfall during the period from 1929 to 1941 is known as The Great Depression. The stock market crashed and millions of people lost their jobs and ended up homeless. It was one of the most terrifying eras in the US’ history. Industry and agriculture were both major causes of the Depression. Many things were replaced due to the fact of development of the technology. Fo r example, railroads lose to automobiles and coal loses to hydro elective , natural gas, and oil. Also, fewer housesRead MoreCinderella Man Analysis1474 Words   |  6 Pagesand losses. James Braddock was an inspirational hero that citizens suffering through the Great Depression looked up to for motivation and hope in the film, Cinderella Man. He inspired Americans to strive forward and not give up as they witnessed him overcome many hardships that related to their own personal struggles. The United States began transitioning into an urbanized society and into the Gilded Age during the 1880’s through the 1920’s. The country seemed to be perfect beyond the surface, yetRead MoreEssay Relief Efforts During The Great Depression1492 Words   |  6 Pages The Great Depression was a time of hardship for many. People lost their jobs, home, money and almost half the population were under the poverty line. As the rising number of unemployed men and women grew, the states and private organizations took it into their own hands to provide aid for those who needed it. However, the rigorous efforts of these charities and government did not provide much â€Å"relief† in the long term. Many people had been taking advantage of these charity organizations and soonRead MoreThe Great Depression Caused A Massive Unemployment917 Words   |  4 PagesThe great depression was an event that impacted the U.S in a very drastic way. It caused many to lose their jobs, therefore losing wealth. It was a long lasting economic crisis during 1929. Lasting until 1940s. It started the beginning of involvement from the government to the country’s economy and also the society altogether. The government wanted to find ways to end this. After almost a decade of prosperity and high optimism , the U.S is now faced to a period of despair. Many had to recover fromRead MoreFranklin D. Roosevelt And The Great Depression1337 Words   |  6 Pagessociety. Periods of turmoi l often give rise to an individual of power, who provides citizens with a sense of hope and security. The United States went through a severe period of chaos when the economy collapsed, compelling an abundant amount of individuals into poverty. This period during the early 1930’s is known as the Great Depression. Throughout this period, millions of citizens placed their hope and security in the election of Franklin D. Roosevelt as president. Amidst Franklin’s term, he wasRead MoreThe Great Downfall By The 1920 S Essay1195 Words   |  5 Pagesreasons why Canadians thought they were on the right track. Then came the great downfall, by which both rich and poor suffered. Many Canadians were shaken from their core. The Great Depression was known to be the most disastrous decade in Canadian history, coming unannounced, with impacts on political, economical, and social aspects. Considering the amount of hardship Canadians were going through during The Great Depression, it seemed as though the Liberal government was doing nothing to help withRead MoreThe Great Depression And Its Effects1166 Words   |  5 Pages The Great Depression The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and leading to the Great Depression lasted for several years (Shindo). The great depression was a very difficult time in the time that it occurred. It hit people hard and left an everlasting memory (Shindo.) It would lead to a lot of devastating events better all over would feel the affect of this crisis. It was a very unexpected and suddenRead MoreEffects Of World War I Ended On The 1920s1567 Words   |  7 Pageswitnessed dramatic changes in their lives from the 1920s. The 1920s was a period of prosperity and economic success, while the 1930s was a time of economic downfall. The economy fluctuated between times of great prosperity and times of undoubtable depression. Following these economic downturns was a period of rigorous attempts to recover from severe economic loss. It did not take long for this economic hardship to lead to some more sig nificant and durable political and social transformations. SuchRead MoreThe Worst Economic Depression Ever Felt Theu.s. Essay1249 Words   |  5 PagesThe worst economic depression ever felt in U.S. history was not only felt in north America, but this also became a worldwide economic slump. The Great Depression caused by many factors raised a question of how will the we take a step into recovery. The Election of president Franklin D. Roosevelt in 1932 was the beginning of the shaping of the U.S. government interaction with American citizens. Roosevelts campaign helped him win the election of 1932 with his laudable ideas of how to combat the effectsRead MoreThe Great Depression : The Greatest Depression1257 Words   |  6 PagesThe Great Depression was one of the lowest points ever seen in history that began in 1929 and lasted until 1939. It can be defined as an economic slump in North America and Europe, along with other industrialized areas of the world. The Great Depression was the longest, most severe depression ever seen, and experienced by the newly, industrialized Western world. Although there are pros and cons, as it brought in deep social and personal problems as well as a new introduction to thought and culture Severe Economic Downfall During The Great Depression The severe economic downfall during the period from 1929 to 1941 is known as The Great Depression. The stock market crashed and millions of people lost their jobs and ended up homeless. It was one of the most terrifying eras in the US’ history. Industry and agriculture were both major causes of the Depression. Many things were replaced due to the fact of development of the technology. For example, railroads lose to automobiles and coal loses to hydro elective , natural gas, and oil. Also, fewer houses are built because almost all of the industries were declining, so businesses also declined since there was no one to built houses. Furthermore, businesses who relied on or were related to those industries were also dragged down, such as wood companies, furniture factories, and real estates. This was the same for railroads and coal as well. Another significant cause was the decline of the agriculture. Farms over-produced during World War I in order to feed Europe, and corn and whe at tool out loans. Farms cut down trees to try to extend their land to produce more crops. However, since there were no more trees, the soil got loose and became easily picked up by the strong winds. This created huge dust storms, which also had nothing to stop it, and became known as The Dust Bowl. After the war, the crops declined 40% and the prices dropped as farms produced more. These unfortunate cycles lead to the depression. The president at the time was Herbert Clark Hoover, who was elected inShow MoreRelatedSevere Economic Downfall During The Great Depression1360 Words   |  6 PagesThe severe economic downfall during the period from 1929 to 1941 is known as The Great Depression. The stock market crashed and millions of people lost their jobs and ended up homeless. It was one of the most terrifying eras in the US’ history. Industry and agriculture were both major causes of the Depression. Many things were replaced due to the fact of development of the technology. Fo r example, railroads lose to automobiles and coal loses to hydro elective , natural gas, and oil. Also, fewer housesRead MoreCinderella Man Analysis1474 Words   |  6 Pagesand losses. James Braddock was an inspirational hero that citizens suffering through the Great Depression looked up to for motivation and hope in the film, Cinderella Man. He inspired Americans to strive forward and not give up as they witnessed him overcome many hardships that related to their own personal struggles. The United States began transitioning into an urbanized society and into the Gilded Age during the 1880’s through the 1920’s. The country seemed to be perfect beyond the surface, yetRead MoreEssay Relief Efforts During The Great Depression1492 Words   |  6 Pages The Great Depression was a time of hardship for many. People lost their jobs, home, money and almost half the population were under the poverty line. As the rising number of unemployed men and women grew, the states and private organizations took it into their own hands to provide aid for those who needed it. However, the rigorous efforts of these charities and government did not provide much â€Å"relief† in the long term. Many people had been taking advantage of these charity organizations and soonRead MoreThe Great Depression Caused A Massive Unemployment917 Words   |  4 PagesThe great depression was an event that impacted the U.S in a very drastic way. It caused many to lose their jobs, therefore losing wealth. It was a long lasting economic crisis during 1929. Lasting until 1940s. It started the beginning of involvement from the government to the country’s economy and also the society altogether. The government wanted to find ways to end this. After almost a decade of prosperity and high optimism , the U.S is now faced to a period of despair. Many had to recover fromRead MoreFranklin D. Roosevelt And The Great Depression1337 Words   |  6 Pagessociety. Periods of turmoi l often give rise to an individual of power, who provides citizens with a sense of hope and security. The United States went through a severe period of chaos when the economy collapsed, compelling an abundant amount of individuals into poverty. This period during the early 1930’s is known as the Great Depression. Throughout this period, millions of citizens placed their hope and security in the election of Franklin D. Roosevelt as president. Amidst Franklin’s term, he wasRead MoreThe Great Downfall By The 1920 S Essay1195 Words   |  5 Pagesreasons why Canadians thought they were on the right track. Then came the great downfall, by which both rich and poor suffered. Many Canadians were shaken from their core. The Great Depression was known to be the most disastrous decade in Canadian history, coming unannounced, with impacts on political, economical, and social aspects. Considering the amount of hardship Canadians were going through during The Great Depression, it seemed as though the Liberal government was doing nothing to help withRead MoreThe Great Depression And Its Effects1166 Words   |  5 Pages The Great Depression The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and leading to the Great Depression lasted for several years (Shindo). The great depression was a very difficult time in the time that it occurred. It hit people hard and left an everlasting memory (Shindo.) It would lead to a lot of devastating events better all over would feel the affect of this crisis. It was a very unexpected and suddenRead MoreEffects Of World War I Ended On The 1920s1567 Words   |  7 Pageswitnessed dramatic changes in their lives from the 1920s. The 1920s was a period of prosperity and economic success, while the 1930s was a time of economic downfall. The economy fluctuated between times of great prosperity and times of undoubtable depression. Following these economic downturns was a period of rigorous attempts to recover from severe economic loss. It did not take long for this economic hardship to lead to some more sig nificant and durable political and social transformations. SuchRead MoreThe Worst Economic Depression Ever Felt Theu.s. Essay1249 Words   |  5 PagesThe worst economic depression ever felt in U.S. history was not only felt in north America, but this also became a worldwide economic slump. The Great Depression caused by many factors raised a question of how will the we take a step into recovery. The Election of president Franklin D. Roosevelt in 1932 was the beginning of the shaping of the U.S. government interaction with American citizens. Roosevelts campaign helped him win the election of 1932 with his laudable ideas of how to combat the effectsRead MoreThe Great Depression : The Greatest Depression1257 Words   |  6 PagesThe Great Depression was one of the lowest points ever seen in history that began in 1929 and lasted until 1939. It can be defined as an economic slump in North America and Europe, along with other industrialized areas of the world. The Great Depression was the longest, most severe depression ever seen, and experienced by the newly, industrialized Western world. Although there are pros and cons, as it brought in deep social and personal problems as well as a new introduction to thought and culture