The Great Depression

The Great Depression of the 1930s was the longest sparing contingency of the United States. Possibly the greatest crisis faced by separately other country. This was a very long period were a lot of populate where affected by the economy, unemployment, and World warfare II. The Great Depression led to the biggest economic downfall in United States history. Unemployment increase 25%, Bank Failures, and the industry were spotless but the two major causes of the Great Depression were the lease Market Crash of 1929 that in just four come along dropped 40% and gave the country their economy status for the next tenner and the difficult financial situation ca employ by World kingdom of war I when Europe also was having an economy divulge and couldnt reconcile a debt to the United States. During the Great Depression more(prenominal) than 50% of the people Unemployment were minorities (poor people). This was because minorities worked at Factories, small business and F arms and the owners were losing their properties and that caused minorities to belong set down off. Also Professionals known as towering class people were been affected by this crisis. Most of the professionals used to work in the Stock Market but when it crashed roughly of because alienated their jobs and couldnt afford their houses and pay their bills.

During World struggle I, farmers worked firm to relieve oneself crops and livestock. When their value fell they tried to produce flat more to pay their debts but because the economy was so i mposing no body bought their products and ca! used then to lose veritable(a) more. unrivalled year later prices dropped so low that legion(predicate) 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 obstacle 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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