The Great Depression: Effects and Solutions

Introduction The Great Depression was probably the most devastating economic catastrophe in US history. As the 1920s went on, many grave problems threatened the economy. Despite the fact that some people became rich, many others could barely scrape up an adequate living. Many important businesses struggled. Consumers were stuck with deep debts. As the 1930s approached, it was clear that the economy was faltering. The superficial wealth of the late 1920s concealed weaknesses that would …

…aid to families with dependent kids and disabled. Conclusion Although the New Deal did not stop the Great Depression by itself, it certainly helped many Americans get through. By 1944, unemployment dropped below 1 million people. Hopefully, people can learn something from Great Depression to not spend money foolishly. References: http://www.bergen.org/AAST/Projects/depression/ http://www.amatecon.com/greatdepression.html The Americans: Reconstruction to the 21st Century McElvain, Robert. "The Great Depression: America", 1929-1941