Affect Of The Great Depression On Social Groups

Joseph Canlas Bergen Catholic AP U.S. History September 26, 2011 The Impact of the Great low gear on sociable Groups A decade following the barricade of World state of war II, tragedy befell the united States. With the transition from war to a snip of peace, factories previously dedicated to the mathematical product of warfare supplies (i.e. ammo, artillery, clothing, vehicles) were forced to either shutdown or change their produce. hulky amounts of money were employ in the demobilization of soldiers and these incoming soldiers were in great demand for re-entry into the work force. The size of the army was fall at the get down of the roil market, which struck its tallness at 1.6 one zillion million million people. much(prenominal) an vast increase greatly affected industries, which had reduced its labor wages, its production costs, and its prices. much(prenominal) changes came as an enormous shock to the United States economy. Such adjustments in the econo my brought about a natural economic crisis from 1920 to 1921. The depression that occurred eight years later, otherwise known as the Great Depression, was of an even higher level of severity and tragedy, on a global. The start of the Great Depression came about with the hassle stock-market crash on October 29, 1929, a day known as Black Tuesday.

With the stock-market prices collapsing in the New York Stock Exchange, having their values declivity to hauntingly low percentages, thousands of investors were ruined, banks and other financial organizations were strained of their money. Not what is more were banks failing, but con sumers throughout the nation became untrusti! ng of the economy and gum olibanum spending, demand, and as a result, production dropped. Unemployment was rising, with over fifteen million workers without a job. All people were severely impacted by the Great Depression, from migrant workers, and farmers to the wealthy and powerful. Farmers were already in a bad situation even before the Great Depression. They had previously struggled with low prices and demand on their...If you want to get a full essay, order it on our website: BestEssayCheap.com

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