"The Great Depression"
By Matthew Cartwright
The Great Depression represents one of the darkest periods in American economic history. Most people think the Great Depression started in October 1929, with the famous stock market crash, but economists and historians point to an economic downturn which took hold in early 1929. The stock market crash led to unprecedented run on banks, and by 1933, more than 11,000 of the nation’s 25,000 banks had failed.
My Sources
The Great Depression: An Overview
The Great Depression was not entirely made in America. The main cause of The Great Depression was the war of 1914-1918. The fighting had taken a cruel toll on key economies like those of Britain, France, and Germany, the core industrialized societies.
To Kill A Mockingbird
In To Kill A Mockingbird Lee wrote about The Great Depression when she talks about the Cunninghams and how the crash hit them the hardest. Atticus says this because the Cunninghams are poor and because Scout and Jem were asking about them. (page 27)
The Great Depression: The Effects
The Great Depression caused millions of people to lose their jobs. Unemployment rose from 3% in 1929 to 25% by 1933. The Great Depression caused more than 9,000 banks closed during the 1930s, causing millions to lose their life savings.