Monday's Assignment

Causes of the Great Depression- The main causes of the Great Depression was that we spent too much money in the 1920’s and because of the extensive stock market speculation that took place during the latter part of the same decade. Stock market speculation is when you take a position that will benefit from an outcome. Basically just guessing on what a stock will do and if it goes up you benefit and if it goes down you lose money.

Src.-http://www.gusmorino.com/pag3/greatdepression/


Effects of the Great Depression-The Great depression affected the American people because there was no welfare system set up. From 1929 to 1933 income fell 53% and because of the fallen income demand for products fell also. When the demand fell it led to lower levels of production and since there was a lower level of production there was also an extremely high unemployment rate. The Great Depression didn’t instantly throw everyone into poverty but it did affect the American people, particularly the unemployed people.

Src.- http://www.thegreatdepression.co.uk/effects-on-america/

How We came out of the Depression-Roosevelt created a wealth of new jobs using the new deal. After the new deal war struck providing Americans with tons of new job opportunities. The new deal helped the american people in three main ways, Relief, Recovery, and Reform. It gave relief to unemployed americans through numerous social programs which gave many unemployed americans jobs. With relief came recovery and reform. Under the new deal financial systems were reformed. Roosevelt got us a balanced budget and more financial resposibility and numerous other policies which promoted economic health and growth. He also pushed us to getting involved ni the World War II because he knew that it would help to improve our nations economy.

Src. http://www.wisegeek.com/what-was-the-new-deal.htm

Src. My Head