History of The Great Depression
Blaze Ford, Sydney Loera,Amanda Baumgartner,Analysia Nevarez
Industrial productions in the United States declined 47 percent and domestic products fell 30 percent. Lower in consumer demand, financial panics, and misguided government policies caused economic output to fall in the United States.
"Migrant Mother, Nipomo, California"
New York Stock Exchange
people gathering on the steps of the building across from the New York Stock Exchange on Black Thursday, October 24, 1929.
Women Serving Men
women serving unemployed men soup and bread in Los Angeles, California, 1930.
Lower in consumer demand, financial panics, and misguided government policies caused economic output to fall in the United States. The gold standard which nearly linked all the countries in the world in a network of fixed currency exchange rate it is widely agreed that the unemployment rate exceeded 20 percent at its highest point. The Great Depression had significant effects on people's beliefs and on government policies. It caused some nations to change their leaders and their types of government. Prosperity was not shared by all sectors of the economy in the 1920s. Farmers, in particular, had financial difficulties because of overproduction.By the beginning of 1933 nearly every bank in the country had been forced to close for lack of funds.