Posted by 3Schechinger on January 11, 2010 at 11:20pm
The infamous Great Depression was caused by a variety of misfortune and not very well planned out futures. This ultimately turned into a great deal of chaos, stealing and lootingAlleged Explanations- big reasons for the fall were high unemployment and rapid downfall in people’s incomes. This ultimately led to a domino effect. People didn’t have enough money to buy their basic necessities so they stopped buying their needs from stores which then led the stores to less income from their local people.Internal Trades and Commodities- everything was basically based off American goods. Many small countries needed goods and services from America but when we couldn’t trade what we weren’t making. A lot of the world that depended on us lost our trade and virtually were dragged down by us into depression too. Our export dollars declined from $5.2 billion in 1929 to $1.7 billion in 1933. The hardest hit by our decline in exports were the small farmers.Farmers- many farmers were getting hit pretty hard. We had enough crops and perhaps to many which made the farmers drop prices so they could get their crops sold. This resulted in farmers buying more land to produce more crops from the money they lost by not selling enough crops and eventually put their farms into foreclosure.
Classes- even in these rough times there was still classes. There was the high class or the very rich that just kept making gobs and gobs of money and were too ignorant to lend the lower class any money to help our country back to an equilibrium. This inevitably erased the middle class folk. Obviously having this diversity didn’t work out so well.
Effects- there were many effects from the Great Depression. One being that the farmers tilled all the valuable rich soils because they needed to produce more crops. Well in doing so it resulted in mass erosion also known as the dust bowl. We were in dire need of conservation which Teddy Roosevelt tried to help with.Having the Great Depression was kind of a good thing. We lived through it and now we can learn from our mistakes. This was a very horrible time in our history but we have made the best of it by creating a multitude of organizations that prevent the downward spiraling affect that we seen in the Great Depression.http://www.english.illinois.edu/maps/depression/depression.htmhttp://en.wikipedia.org/wiki/Great_depression#United_States
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