The Great Depression??

Question

When did this occur? Why did this occur? What was the unemplyment rate during this time? What happened to the economy? How were people affected? Focus primarily on the Southern United States.

Answer 1

The Great Depression was an economic downturn which started in 1929 (although its effects were not fully felt until late 1930) and lasted through most of the 1930s. It centered in North America and Europe, but had devastating effects around the world, particularly in industrialized countries. Cities all around the world were hit hard, especially those based on heavy industry. Unemployment and homelessness soared. Construction was virtually halted in many countries. Farmers and rural areas suffered as prices for crops fell by 40–60%. [1] Mining and logging areas had perhaps the most striking blow because the demand fell sharply and there were hardly any other alternatives. The Great Depression ended at different times in different countries; for subsequent history see Home front during World War II.

CHECK OUT THE LINKS YOU WILL FIND ALL YOUR ANSWERS THERE...

http://en.wikipedia.org/wiki/Great_Depression

http://www.amatecon.com/greatdepression.html

http://www.bergen.org/AAST/Projects/depression/

http://www.gusmorino.com/pag3/greatdepression/

http://webtech.kennesaw.edu/jcheek3/depression.htm

Answer 2

Q: When did it occur?
A: The Great Depression was an economic downturn which started in 1929 (although its effects were not fully felt until late 1930) and lasted through most of the 1930s. It centered in North America and Europe, but had devastating effects around the world, particularly in industrialized countries. Cities all around the world were hit hard, especially those based on heavy industry. Unemployment and homelessness soared.

Q: Why did it occur?
A: First, there is orthodox classical economics: monetarist, Keynesian, Austrian Economics and neoclassical economic theory, all which focus on the macroeconomic effects of money supply, including production and consumption. Second, there are structural theories, including those of institutional economics, that point to underconsumption and overinvestment (economic bubble), or to malfeasance by bankers and industrialists.
There are multiple issues—what set off the first downturn in 1929, what were the structural weaknesses and specific events that turned it into a major depression, and how did the downturn spread from country to country. In terms of the 1929 small downturn, historians emphasize structural factors and the stock market crash, while economists (such as Peter Temin and Barry Eichengreen) point to Britain's decision to return to the Gold Standard at pre-World War I parities ($4.86 Pound).
Although some believe the Wall Street Crash of 1929 was the immediate cause triggering the Great Depression, there are other, deeper causes that explain the crisis. The vast economic cost of World War I weakened the ability of the world to respond to a major crisis.

Q: What was the uneplyment rate during this time?
A: Macroeconomists, including the current chairman of the U.S. Federal Reserve Bank Ben Bernanke, have revived the debt-deflation view of the Great Depression originated by Arthur Cecil Pigou and Irving Fisher. In the 1920s, in the U.S. the widespread use of the home mortgage and credit purchases of automobiles and furniture boosted spending but created consumer debt. People who were deeply in debt when a price deflation occurred were in serious trouble—even if they kept their jobs, they risked default. They drastically cut current spending to keep up time payments, thus lowering demand for new products.
Furthermore, the debt became heavier, because prices and incomes fell 20–50%, but the debts remained at the same dollar amount. With future profits looking poor, capital investment slowed or completely ceased. In the face of bad loans and worsening future prospects, banks became more conservative in lending. They built up their capital reserves, which intensified the deflationary pressures. The vicious cycle developed and the downward spiral accelerated. This kind of self-aggravating process may have turned a 1930 recession into a 1933 depression.

Q: How were the people affected
A: People in cities were hit the worst. The industry rate went down and people went poor. For the south, it hurt their trades with other countries. Poor people were soared.

Answer 3

I have been suffering from post partum depression for the past one year when I gave birth to a baby boy. I couldn't stop thinking about how my husband loves him more than me and how things might be better if he wasn't born at all. Thus, I stayed away from him because I knew that I might do something I will regret for the rest of my life.

Almost instantly I went to a therapist and convince them that I need help. Among other things, I've tried herbal supplements and other book to treat depression but nothing works like the Depression Free Method. So now I'm proud to say I'm one of the happiest mother in the world. My husband loves us both very much and I thank the Lord for the blessing he gave us.

Depression Free Method?

Answer 4

The Great Depression was an economic downturn which started in 1929 (although its effects were not fully felt until late 1930) and lasted through most of the 1930s. It centered in North America and Europe, but had devastating effects around the world, particularly in industrialized countries. Cities all around the world were hit hard, especially those based on heavy industry. Unemployment and homelessness soared. Construction was virtually halted in many countries. Farmers and rural areas suffered as prices for crops fell by 40–60%. This took a heavy toll on the plantations and farms of the south.

The most concise and easily read articles are at this link: http://en.wikipedia.org/wiki/Great_depression

Answer 5

what happened in 1929 was a little uncertain as to why bu the stock market crashed and all companies which had stock became worthless. any ones money that was invested in stock was worthless. Over 75% of the population lost jobs, food lines sometimes stretched miles. That's how desperate people were.
The economy didn't really exist for about three years then it slowly started to rebuild itself.I'm not entirely sure what happened in the south but I imagine the affects were as bad or worse down there. Glad to be of any help.

Answer 6

The Great Depression happened because of inflation. The government printed money between the 1910s-1920s, causing the famed "roaring twenties." People began making lots of investments with this new money, primarily the stock market. Eventually the government, fearing a runaway inflation, stopped printing money. This led to greatly reduced buisness profits as the supply of new dollars dried up, so stocks went down, causing a panic. Malinvestments by buisnesses hoping that the new money would continue forver were taking thier toll. Once the government started printing money again (WWII), the depression subsided. No, the New Deal did not help.

Answer 7

? it occurred after the stock market crash in 1929 and lasted over 10 years or really until ww2 it was caused by the same things that are occurring now like people borrowing money with collateral like getting a loan using your house and buying over priced stocks and bonds like in Enron! i think the unemployment rate was over 1/4 of the population was out of work and the economy was the worst it has ever been because if no one has a job then you cant buy anything so it only got worse until 1933 then after it slowly got better and even then it took ww2 to pull us out of the depression they were many homeless people as they are now most people survived in the south by being share croppers and living from cash crop to crash crop without saving any money. and the new deal did help but only a little like the Tennessee valley authority and other dam projects that created jobs and cheap electricity and water for crops!

Answer 8

it happened a long time ago, google it. But it feels like it's happening again, I believe history repeats itself!

Answer 9

Do your own homework!

Answer 10

not doing your home for you.