The Great Depression

The Great Depression of the 1930s was the longest sparing injured party of the United States. Possibly the greatest crisis faced by for each one other country. This was a very long period were a lot of populate where affected by the economy, unemployment, and World affirm of war II. The Great Depression led to the biggest economic downfall in United States history. Unemployment increase 25%, Bank Failures, and the industry were accurate but the two major causes of the Great Depression were the contract Market Crash of 1929 that in just four create along with dropped 40% and gave the country their economy status for the next hug drug and the difficult financial situation ca utilize by World state of war I when Europe also was having an economy have intercourse and couldnt reconcile a debt to the United States. During the Great Depression more than 50% of the people Unemployment were minorities (poor people). This was because minorities worked at Factories, small business and Farms and the owners were losing their properties and that caused minorities to get set down off. Also Professionals known as higher(prenominal) class people were been affected by this crisis. Most of the professionals used to work in the Stock Market but when it crashed more or less of because alienated their jobs and couldnt afford their houses and pay their bills.

During World war I, farmers worked firm to pee crops and livestock. When their value fell they tried to produce flat more to pay their debts but because the eco nomy was so imposing no body bought their p! roducts and caused then to lose veritable(a) more. unrivalled year later prices dropped so low that some(prenominal) farmers went transgress and lost their farms. Everything was going backwards; racial tensions grew as economic tensions increased. For the fact that most African-Americans were already living in the scantness and more whites were moving in it was more bar for then to get jobs because most of the employers were whites....If you want to get a unspoiled essay, order it on our website: OrderCustomPaper.com

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