The Great Depression had a greater effect on the south than other places during this time. These southern states had been affected by it more than others because the south had lower income families than the north because they were lower class than the north because they had seceded from them so they had less government funding. This caused the North to be less affected by it. In the book, To Kill a Mockingbird, this comes and shows the effect of it. A lot of the families were at least lower…
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with average 4 million to 8 million shares per day= GREAT CRASH The Crash effects millions Great Depression- a severe economic decline that lasted from 1929 until the U.S entered WW2 in 1941(12 years) The Gross National Product (GNP)- total value of goods and services a country produces annually ($103 billion in 1929) 12.3) Social effects of the Great Depression Hoovervilles Homeless built Shanty towns called “Hoovervilles” The Dust Bowl A region in the great plans where drought and dust storms…
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more people were ruined. High taxes, drastically rising unemployment and mortgage foreclosures were heavy burdens people were left to overcome. Those factors forced people to either move into Hoovervilles or become transients, carrying or either leaving behind their belongings. With in the Hoovervilles and all over town, there was a common factor that both the rich and the poor shared, and that was diseases. Even thought the rich were exposed to these diseases, they had the resources to get…
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the southern Plains. The northern Plains were not so badly affected, but nonetheless, the drought, windblown dust and agricultural decline were no strangers to the north. In fact the agricultural devastation helped to lengthen the Depression whose effects were felt worldwide. The movement of people on the Plains was also profound. The United States was thrown into despair on Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. As stock…
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western Oklahoma and Texas. This “Dust Bowl” was not a bowl made of dust. It is actually the effect of a massive drought that took place. This process would be that because of the drought, there was an…
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The great depression has originated in the United States in the summer of 1929. All components of American society and economy were affected following the domino effect. The crash in the stock market, created an uncertainty about future investments and caused a decrease in the aggregate demand, and the consumer purchase power. This resulted a big fall of prices and real outputs eventually, some statistics have determined that the industrial production at that time fell by 47%, GDP declined by 30%…
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The Effects of the Great Depression The Great Depression was a horrible event that took place almost 100 years ago. It was a time in our society when people had no money and no food. Everyone was losing their jobs because the companies couldn’t afford to pay them and stay in business at the same time. After the Stock Market crashed and the economy went downhill, a lot of changes were made within the government to make sure that nothing like this would ever happen again. This period in time was…
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"The only thing we have to fear is fear itself." During The Great Depression, many people often experienced the loss of jobs and money. This made many people upset, and affected almost every country in the world. It was an enormous battle, and many people suffered terrible changes in the economic policy. Prices of items on the market dropped vigorously. Dramatic decreases in profit started showing. People all over the world got upset over this, and they could afford to make a living. Many people…
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leaving all their workers unemployed. In previous depressions, farmers were usually safe from the severe effects of a depression because they could at least feed themselves. Unfortunately, during the Great Depression, the Great Plains was hit hard with both a drought and horrendous dust storms, creating what became known as the Dust Bowl. Years and years of overgrazing combined with the effects of a drought caused the grass to disappear. With just topsoil exposed, high winds picked up the loose dirt…
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much less, and the stock market officially crashes down. This has a snowball effect in itself because it leads to rich people instantaneously becoming broke and they are the ones expected to pay workers. As shown in document B, every man has the potential to earn and invest in common stocks to make retirement a “set for life” type of system. This potential is what becomes ruined by the stock market crash. The effect is that the average working man can no longer invest confidently in their future…
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