The Great Depression In The 1920's

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Imagine what life was like with not enough food and money to support families. The 1920’s to 30’s was one of the worst decades in economic history. Those ten years, called the Great Depression,were terrible years to live in. There were many social issues during the Great Depression, such as unemployment, crime rate, and the stock market crash. The Great Depression began in the United States as an ordinary recession in the summer of 1929. It continued and became worse in late 1929 and continued until early 1933. Prices fell greatly. During the highest point of the depression, industrial production in the United States dropped 47 percent. Unemployment was the first social issue of the Great Depression. Because of the stock market crash, many companies had to go out of business. The companies fired thousands of workers, who then went out of money. Another effect was many businesses shut down. Due to unemployment, many workers had to steal to feed and take care of their families.
The second social issue of the Great Depression was crime rate. The cause of this was that the Federal Reserve raised interest rates, causing the stock market to crash. This affected many workers live’s. Many jobs had to go out of business since they did not have …show more content…
Although the loss of wealth caused by the decline in stock prices was small, the crash may also have depressed spending by making people feel poorer. As a result of the drastic decline in consumer and business spending, real output in the United States, which had been slowly dwindling up to this point, fell rapidly in late 1929 and throughout 1930. While the Great Crash of the stock market and the Great Depression are two quite separate events, the decline in stock prices was one factor contributing to declines in production and employment in the United

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