Wednesday, September 28, 2011

Great Depression

Nearly a decade of sorrow and just utter darkness, this was the Great Depression. Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. The Great Depression was a period of time where the stock market crashed and a result of millions of good men jobless and thousands of banks and faculties to close.

Businesses and industry were also affected. Having lost much of their own capital in either the Stock Market Crash or the bank closures, many businesses started cutting back their workers' hours or wages. This is the reason so many people were without jobs. Because the magority of the Usa was without work and had little to none income,they were forced to cut back on luxury iteams or in other words things that they could go without. It was just one big vicious circle. Now some people say that farmers were not affected during this time because they could atleast feed there familes and friends but to make this whole thing worse at this point in time farmers were suffering from mass duststorms and drought.

Luckily near the 1930s Presedent Franklin Delano Roosevelt stepped in and some believe saved human from total doom. He created something called the New Deal. Now the New Deal was a number of acts and changes that increased enployment and accualy living a life.

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