The Great Depression

The monolithic Depression American History 06/07/2012 The great natural depression was a time of debt. The depression caused many families to build family problems that started with the departure of jobs and the need of m maviny. I choose this topic because it is a historical arcsecond in history. The year was 1929. This is the start of the biggest bailiwick crisis since the civil war. The Great Depression had important consequences and was a waste thus fart in America, however many safe(p) policies and programs became available as a result of the great depression, intimately-nigh of which exist even today. The stemma market was very habitual in the 1920s, and was said to be an easy way to nominate money. When the stock market crashed each(prenominal) who has invested lost their money. An economic catastrophe of major(ip) proportions had been building for years. American citizens were panicking from the news, and the bank lines started to grow. This le ad to banks foreclosing farm mortgages and by the early thirties thousands upon thousands of American farmers were extinct of business. At the profoundness of the depression, in 1933-1935, one American worker in all(prenominal) four was out of a job. It was a time when national and state officials were heretofore developing work programs for the unemployed.

Citizens were starving and approximately did not have food, water or even a home. Some even build tents for shelter. Free food was provided to those who needed food and drink, at that place were always huge crowds and massive lines for the food and drink . When the Depression began, in that respec! t was no federal official relief for the unemployed or economic aid for families liner starvation. Some states operated relief programs but curtailed them due to declining tax income revenues. spectral and charitable organizations provided relief in many urban areas; however, in many of these organizations operating in the North as well as the South, there was a lot of favouritism and racism, which excluded African Americans. President Herbert Hoover, underestimating the seriousness of...If you want to get a rich essay, order it on our website: OrderCustomPaper.com

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