History of The Great Depression

Blaze Ford, Sydney Loera,Amanda Baumgartner,Analysia Nevarez

THE GREAT DEPRESSION

The Great Depression began in 1929 and lasted until about 1939.
In Europe, World War I (1914-1918) caused devastation and economic chaos. Many countries struggled to adjust to postwar inflation (price increases). When the Great depression began it caused prices to fall rapidly
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.

Financial Problems

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.