The Great Depression

The 1930s, a ten dollar bill of despair and depression all across the United States, contrasted sharply with the prosperity of the roaring 1920s (). galore(postnominal) factors play a role in bringing about this decade of despair universally referred to as The Great slump. The main causes atomic number 18 believed to be a combination of the stock market scud (October 24, 1929) and the greatly unequal distribution of wealth between the fertile and middle class citizens throughout the 1920s (). The Great opinion was the worst and longest economic collapse in U.S level and alter the vast majority of the Statesns and their families. At least cardinal percent of the American wee-wee-force was unemployed by late 1932 (683). legion(predicate) families began lacking adequate food, shelter, and clothing while many goddam themselves for their desperate state. () Those who managed to keep their jobs saw salaries decline by 40 percent and their work hours significantly cut back (). Many families did their best to endure with less income and constantly struggled to maintain their public lifestyles. They devised ways to cut corners, make do, and keep up appearances. () With about no extra money to budget for entertainment, Americans needed their deflection and leisure activities to be inexpensive or free.

Physically and psychologically The Great Depression was devastating to countless American families. As economic panic grew, consumers began cut back on their purchases, manufacturers and art cut their production and began laying off workers (). During the height of the Depression in 1933 over thirteen million Americans in the work force were unemployed (680). Ford laid off more(prenominal) then two-thirds of its workers in Detroit. The average wage fell by roughly one-third and shorten work hours largely affected those who had managed to retain their jobs (682). All of the remaining personnel at U.S. Steel, Americas first billion-dollar corporation, were but on short hours and by 1933 the massive... If you fatality to get a full essay, order it on our website: Orderessay

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