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The Great Depression - Online Term Paper

The Great Depression

took place from 1930-1939 and was being felt around the world. During this time the prices of stock fell 40%. 9,000 banks went out of business and 9 million savings accounts were wiped out. 86,00 businesses failed, and wages were decreased by an average of 60%. The unemployment rate went from 9% all the way up to 25% and 15 million people lost their jobs.
Life in the city was full of disappointments. People had to cut back on luxuries, and make old things last longer. Families had to only keep the things that were of great necessity. The telephone was the first thing to go. People stopped buying things like furniture, household appliances, jewelry, and candy. Yet on ...

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care or food. This caused many people to turn to relief, which is government support to help families get through the month. Relief was a sign of laziness and an embarrassment to the parents and children. Even with the support of the government many children were malnutrition and many people died of starvation. People fought for food in the streets and even though there were food shelters to help people, impact city life greatly.
Yet the city was not the only place that The Depression was felt. Farm life was also a large concern. Even though the farmer had lots of food it was more than they could sell, sence the consumers didn’t have enough money to buy a lot of food. As consumer demand shrunk, prices for the farmers products fell as well. Sometimes farmers could not even afford to pay the freight to send the livestock to the market. This left farmers with no choice but to shoot and bury their livestock and to let their crops rot. Unable to sell their ...

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The Great Depression. (2006, August 22). Retrieved December 23, 2024, from http://www.essayworld.com/essays/The-Great-Depression/51201

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PAPER DETAILS

Added: 8/22/2006 11:31:16 PM
Category: American History
Type: Free Paper
Words: 601
Pages: 3

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