The Great Depression

The Great Depression - The Great Depression The Great...

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The Great Depression The Great Depression of 1930’s America was a very difficult and harsh times to live in. The Great Depression affected everyone in the United States and even spread to other nations. It was an event in time that America’s economy had hit the floor and made many people lose their jobs, money, houses, belongings, etc. The Great Depression officially started at the Crash of 1929 when the stock markets bottom fell out and collapsed. It happened because foreign competition began to chip away on America’s economics, prices for crops fell so the farmers would become in debt, easy access to credit put many people in debt, uneven distribution of wealth, people began to buy stocks on credit, and over 85 thousand banks went bankrupt. The social consequences of The Great Depression were devastating. In 1938 not a single person was employed in 28 percent of the families in the United States. Nearly 13 million workers, about 25 percent of the U.S. total, had no jobs. The industries all got a big blow from
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The Great Depression - The Great Depression The Great...

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