The Great Depression was a huge deal during the war. It made several people suffer for long periods of time. Going through these hard times they where very poor. The people during this time didnt have jobs, money to get food, or even places to live. They suffered greatly and where never treated fairly and lost a lot during this time, even people close to them. Family members died and friends. The Great Depression was a worldwide economic depression in the decade proceeding world war II. During the 21st century The Great Depression was an example of the decline of the economy. The Great Depression started in the United States after the stock markets prices bagan to fall. The Depression had many terrible effects with the rich and the poor. Profits
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The Great Depression was one of the worst blows to the worlds economy. The crash in 1929 cited as the beginning of the Great Depression. It whiped out many people's investments and the public was very torn and shaken. Although the crash was unavoidsble, bank failure could have been prevented with better regulation. 22 years before The Great Depression, the panic of 1907 offered a similiar scenarion. The Ney York Stock Exchange went tumbling down as the Stock Market did. With no Federal Reserve to put cash back to into the market, it fell upon investment. Investor J.P. Morgan organized Wall Street. Morgan Rallied the few people that had little to spare and put it towards the banking funds that was needed to help out and save the crash. The panic eventually led to the governmnent to creat Federal Reserve. In the crash of 1929, the Fed took to oppisite course. The money was cut down to about a third of what it was to begin with, with hope this would help. The banks continued to go under due to liquidity problems. The whole thing was to give Wall Street some tough love, as harsh as it may seem, but by chosing not to bail the banks out they felt it was only to encourage more irresponsibility in the
The Great Depression was one of the worst blows to the worlds economy. The crash in 1929 cited as the beginning of the Great Depression. It whiped out many people's investments and the public was very torn and shaken. Although the crash was unavoidsble, bank failure could have been prevented with better regulation. 22 years before The Great Depression, the panic of 1907 offered a similiar scenarion. The Ney York Stock Exchange went tumbling down as the Stock Market did. With no Federal Reserve to put cash back to into the market, it fell upon investment. Investor J.P. Morgan organized Wall Street. Morgan Rallied the few people that had little to spare and put it towards the banking funds that was needed to help out and save the crash. The panic eventually led to the governmnent to creat Federal Reserve. In the crash of 1929, the Fed took to oppisite course. The money was cut down to about a third of what it was to begin with, with hope this would help. The banks continued to go under due to liquidity problems. The whole thing was to give Wall Street some tough love, as harsh as it may seem, but by chosing not to bail the banks out they felt it was only to encourage more irresponsibility in the