The+Great+Depression

! ﻿ ﻿﻿ The Great Depression by: Lahari K.

The Great Depression was a time in history when millions of people lost their jobs,and when people were evicted out of their homes. People were short on money. Many people had to go to a community bakery, and would get some free bread. Often, hundreds to thousands of people would be in line in front of the bakery. Some unlucky families had to beg on streets. Even though churches, etc. had funds, they ran out quickly. After that, many people lingered around, asking for a job that payed.If you were to look in a history book, in October 29,1929, the stock market crashed. This "Black Tuesday," as it is called, led to the Great Depression and marked the start of it.Going backward in time, this is 1933. Now, the number of people looking for food and jobs has increased.But, a lot of companies were poor, so they could not afford to pay their employees. you would see people begging for their lives, but, most importantly, you see families living on the bench opposite their used-to-be house. This is what a family who has gotten evicted out of their home looks like, because they couldn't get their taxes paid.

Let's look more into the jobs that were available during that time and food. Some families had to buy poor things that they could afford. Some families were forced to eat the same food everyday, say potatoes. It was an advantage, considering that decade of torture, to even have at least a handful of food.Moving on to jobs, as of 1932, there were //twelve million//﻿ Americans left unemployed. Some people had been out of work for so long that eventually their savings ran out. Therefore.... you can guess what happened to that particular family--they got evicted! Did you know that a //third of a million school children// were out of school because their communities could not afford to keep the schools open?

As you read this, you may have a question: How in the world did this start? Getting more on topic(this is not a matter to laugh about), it had multiple causes. It all started in the 1920s.The prices of stocks were shooting in the sky. People were rich. It actually was an illusion.As the prices started to sour, the business costs did too.This actually led to a point where a lot of businesses were having a hard time trying to compete and trying to stay stable and profitable. All these events are the "dominoes" that fell until the stock market crashed.The U.S. government passed laws that ended up hurting the economy. Another massive influence is bank failure.As banks disappeared, the money inside them also did. There were three reasons why banks failed. 1. ﻿ ﻿ The McFadden Act of 1927 limited the size a bank could grow by forcing banks to stay within the state that which they originated in.Canada did not have this horrible law, so it functioned much better than the U.S did. 2.Loans-If a man was unable to pay off his debts,he simply just borrowed money, and this caused stress to banks. 3. Panic grew since the market crashed, and forced people to pull money out of their banks.It grew when more and more banks crashed. As you see, the Great depression was a decade of torture, when many families had to strive to survive.