The Great depression was a horrible economic devastating from the end of 1929 until the early 1940s. It Originated in the Usa but than Speeded Across The Worlds. During the great depression their were large declines in the sale of goods and the amount of unemployed people rise. A quarter of the united states had no jobs . When War World two was over the great depression Hit europe when the continent, struggled to pay war debts and reparations. However In the united states it is known as the black Tuesday when the stock market crashed. After Many Depended on charity to survive. The depression Was caused by fatal weaknesses in the usa economy. Most if not all spent more money then earned and was put in serious debt. President Herbert Hoover,
underestimating the seriousness of the great depression and stated it was “a passing incident in our national lives," and assured Americans that it would be over in 60 days.
How ever He Was Very mistaken on his evaluation it last about ten years.
I interviewed my grandfather Tim Steemly who was born in Clinton,LA. The great depression did not affect them as hard as it did other families because both his parents worked . The people that went to his school how ever were poor , and the school was too. When ask how did people survive the depression he replied” People Around Us survived the depression by going to church and we would help each other out ‘
When I asked him What did people do for entertainment he responded “ We Listened to the radio often and I played with my brothers and sisters .After I asked him How did life change after the life depression he told me “ My family was much wiser with their money and saved a lot of money .
2007-04-08
14:40:20
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➔ History