Countless Americans sacrificed a lot during the war, but America was doing great economically, which carried it over. After the terrible war the Americans lived life more freely and the economy was good. Many more household appliances were made and new cars and inventions. But the wages of the Americans couldnt catch up with everyones spending so they bought things on credit. America was doing great up until 1929 through the 1930’s. the stock market crashed in America,from then on it was like dominos. Unemployment rates rocketed through the roof and way too many farm products were produced. During the Great Depression, Americans suffered the effects of the stock market crash and high rates of unemployment. These issues were solved through President FDR’s fireside chats and the New Deals.
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In document # 2 “Black Thursday” people are gathered at banks trying to sell their stocks and collect their life savings because the banks began to collapse and the money circulation was slowing down. Without the money, America was nothing. Farmers started to produce products no one could even buy. Multiple items lost their value and people found themselves in major debt. All of this triggered unemployment across the country. In document #1 “Unemployment in the United States” it shows a graph of the unemployment rates during the 1920’s to 1930’s. And in 1930, the unemployment rate increased by 14 percent. Because of the no money circulating around, businesses didn't have enough money to pay their workers, so most had to be laid off. Which made many Americans fall into
In document # 2 “Black Thursday” people are gathered at banks trying to sell their stocks and collect their life savings because the banks began to collapse and the money circulation was slowing down. Without the money, America was nothing. Farmers started to produce products no one could even buy. Multiple items lost their value and people found themselves in major debt. All of this triggered unemployment across the country. In document #1 “Unemployment in the United States” it shows a graph of the unemployment rates during the 1920’s to 1930’s. And in 1930, the unemployment rate increased by 14 percent. Because of the no money circulating around, businesses didn't have enough money to pay their workers, so most had to be laid off. Which made many Americans fall into