The Great Depression (oct 29, 1929 – oct 29, 1939)

Description:

The Great Depression was a severe worldwide economic downturn that took place during the 1930s it began in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s

causes:
- having efficient machinery led to overproduction and low demand. while this was happening, worker's wages did not increase to keep up with quick production. this cause sales to decrease and workers to be laid off.

- in the months following the stock market crash of 1929, nine thousand banks failed.

effect:
-human suffering; alot of people were unable to find work during this period of time which left them and their familys with no source of income.
- a benificial effect of the great deppresion was the New Deal. the New Deal was a series of programs and projects created during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans. When Roosevelt took office in 1933, he acted swiftly to stabilize the economy and provide jobs and relief to those who were suffering.

the new deal was designed to stop global economic depressions like this from happening again.

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