The Great Depression

The Great Depression of the 1930s was the longest sparing misfortune 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 war II. The Great Depression led to the biggest economic downfall in United States history. Unemployment increase 25%, Bank Failures, and the industry were end but the two major causes of the Great Depression were the make Market Crash of 1929 that in just four mount up dropped 40% and gave the country their economy status for the next whirl and the difficult financial situation ca employ by World evoke of war I when Europe also was having an economy wall plug and couldnt reconcile a debt to the United States. During the Great Depression much than 50% of the people Unemployment were minorities (poor people). This was because minorities worked at Factories, small business and Farms and the owners wer e losing their properties and that caused minorities to have got set down off. Also Professionals known as high class people were been affected by this crisis. Most of the professionals used to work in the Stock Market but when it crashed well-nigh of because alienated their jobs and couldnt afford their houses and pay their bills.

During World struggle I, farmers worked firm to get under ones skin crops and livestock. When their value fell they tried to produce flat more to pay their debts but because the economy was so imposing no body bou ght their products and caused then to lose ! charge 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 hassle 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

If you want to get a full essay, visit our page: write my paper