Great Depression Essay | The Effects of the Great Depression

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This section contains 599 words
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The Effects of the Great Depression

Summary: The Great Depression of the 1930s had profound economic and psychological impact on the United States. It created a mass poverty not before known in the United States, changed the economic landscape, and expanded the government as it looked for cures.
"In 1931 alone more than 20,000 Americans committed suicide" ("Great", Britannica). This quote shows the impact a crisis can have on this world. The Great Depression played a huge role in American history. The Great Depression was a series of economical breakdowns in the American stock market. This crisis had many huge affects on U.S society such as creating mass poverty, a loss of jobs, and a governmental expansion.

The Great Depression occurred after a collapse in the stock market ("Great", Britannica). The collapse began on October 24, 1929 and ended in the year 1939. Many theories concerning the causes of this crisis include a drop of trade, resulted from commodity prices, and inflation by reduction in paper currency by the Gold Standard (Samuelson), and America's inexperience in global economics power ("Great", MSN). The sum of all these causes led to the drastic affects the Depression had on...

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This section contains 599 words
(approx. 2 pages at 300 words per page)
Buy the Student Essay on The Effects of the Great Depression
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