The Great Depression

The Great Depression The Big Picture The Great Depression was the longest and nigh severe economic decline in American history. On October 29, 1929, the stock market crashed and began the depression. Although industry leaders issued optimistic predictions for the realms economy, the market crash wiped out nearly 40% of the paper values of stocks. Great innovations in productive techniques during and after the state of war raised the output of industry beyond the purchasing ability of U.S. farmers and working force. As a result of this, unemployment skyrocketed during the years of the Depression, reaching levels as high as one third of the population. closely half of the commercial banks of the United States failed during the Depression. Crop prices fell by over fifty percent. People went hungry because so such(prenominal) food was produced that production became unprofitable. Others were unemployed because they had produced more than could be sold. Hundreds of thousands roamed the untaught in search of food, work, and shelter. Huge numbers of Americans had their lives upset by the Depression. Homelessness, poverty and despair characterized much of the nation in those days. umpteen of those who could not provide for their families, in larger cities as sanitary as smaller townships, committed suicide to put an displace to their troubles.

Small Town Life The depression was not limited to the margin of large cities, it spread like a disease throughout our great nation. It even managed to find its way into the small town of Oakesdale, Washington. Frances Taylor, a mere child at this time intelligibly remembers the events that took place. As children, we werent really aware of what was going on. We simply didnt commiserate the concept of being poor. Many families in small towns that had neer really had much wealth went on with life as normal. Anyone who didnt lose their land or homes in the Dust manger could grow their own food to nourish their families. If they didnt have those skills, they... If you unavoidableness to get a full essay, order it on our website: Orderessay

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