Sunday, April 3, 2011

THE GREAT DEPRESSION

This is probably one of the most famous images of the Great Depression.
The Great Depression has always been a topic of interest for me to learn about. It is thought that the main causes of the Great Depression were the unequal distribution of wealth, overproduction in agriculture, war debts and high tariffs, and the stock market crash. The main effects can be summed up as: widespread hunger, poverty, and unemployment, a worldwide economic crisis, democratic victory in the next election, and the "New Deal".
The stock market crashed in 1929 and by the spring of 1933, unemployment had risen from 8 to 15 million, so almost doubling. The Great Depression finally ended when the federal government imposed rationing, recruited 6 million defense workers, drafted 6 million soldiers, and ran deficits to end World War 2.

A line of citizens trying to get welfare money or find jobs during the Great Depression

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