The Great Depression by SL
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The Great Depression by SL
what happened in the U.S. in times of the great depression
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doc: Americans React to the Great Depression - American Memory Timeline- Classroom Presentation | Teacher Resources - Library of Congress

doc: Americans React to the Great Depression - American Memory Timeline- Classroom Presentation | Teacher Resources - Library of Congress | The Great Depression by SL | Scoop.it
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Nathan Cushenbery-Andrews's comment, April 16, 2013 11:50 AM
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doc: Great Depression: The Concise Encyclopedia of Economics | Library of Economics and Liberty

doc: Great Depression: The Concise Encyclopedia of Economics | Library of Economics and Liberty | The Great Depression by SL | Scoop.it
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wed:Great Depression in the United States - Wikipedia, the free encyclopedia

The Great Depression began in August of 1929, when the United States economy first went into an economic recession. Although the country spent two months with declining GDP, it was not until the Wall Street Crash of October, 1929 that the effects of a declining economy were felt, and a major worldwide economic downturn ensued. The market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth and personal advancement. Although its causes are still uncertain and controversial, the net effect was a sudden and general loss of confidence in the economic future.[1]

The usual explanations include numerous factors, especially high consumer debt, ill-regulated markets that permitted overoptimistic loans by banks and investors, and the lack of high-growth new industries,[2] all interacting to create a downward economic spiral of reduced spending, falling confidence, and lowered production.[3]

Industries that suffered the most included construction, agriculture as dust-bowl conditions persisted in the agricultural heartland, shipping, mining, and logging as well as durable goods like automobiles and appliances that could be postponed. The economy reached bottom in the winter of 1932–33; then came four years of very rapid growth until 1937, when the Recession of 1937 brought back 1934 levels of unemployment.[4]

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doc: The Great Depression

doc: The Great Depression | The Great Depression by SL | Scoop.it
Best of History Web Sites, created by EdTechTeacher, is an award-winning portal that contains annotated links to over 1200 history web sites and activities.
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wed: The Great Depression

wed: The Great Depression | The Great Depression by SL | Scoop.it
After the 1929 stock market crash, millions of Americans lost their jobs and savings during the Great Depression.
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