Decade of The Great Depression

A Short Summary:

It is August 1939 and Americans are still recovering from the Great Depression–the worse nightmare that has ever happened to the United States. For the last ten years, since 1929, this country has experienced total economic collapse. Who could have imagined that this would happen in our modern industrial world?

The Wall Street stock-market crash of 1929 signalled the beginning of this Great Depression, even if it did not actually cause it. Ten years have passed and this economic depression has had devastating effects on most people in this country. Production fell sharply. Unemployment went through the roof. No one had much money, so purchasing declined. Thousands of businesses and hundreds of banks have closed.
We are a country of small farmers, but farmers everywhere have gone into bankruptcy. People lost their jobs, homes, and savings, and now many depend on charity to survive. In 1933, more than 15 million Americans–one-quarter of the nation’s workforce–were unemployed.

the-great-depression-homeless-man

2 Responses

  1. I just want to say I am new to blogging and ralely enjoyed you’re web page. Almost certainly I’m going to bookmark your blog post . You certainly have outstanding posts. Many thanks for sharing your website page.

  2. […] A Short Summary: It is August 1939 and Americans are still recovering from the Great Depression –the worse nightmare that has ever happened to the United States. For the last ten years, since 1929, this country has experienced total …[Continue Reading] […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: