7th-The+Great+Depression



The Great Depression was an economic crisis in North America, Europe, and other areas of the world.The Great Depression was to have begun with a collapse of stock-market prices on the New York Stock Exchange in October 1929 also known as Black Tuesday. This means that the prices for stocks were too high, far higher than they were really worth. Then they fell sharply. The poeple who unwisly borrowed money to buy high priced stocks, went backrupt. This period of economic harship in the United States lating from 1929 to 1939. In 1929 only 3% of Americans were without a job, by 1933, the unemployment rate had risen to 25%.  The Depression on many rich poeple had no impact on them at all and were oblivious to the suffering others. The depression changed many familes in diffrent ways. The divorce rate dropped sharply. The men finding themselves out of work now had to rely on their wives and children to help make things work. A 1940 survey explained that 1.5 million married women had been abandoned by their husbands. On the other hand, women found their status enhanced by their new roles.Women especially found it easier to obtain work than their husbands, working as domestic servants, clerks, textiles workers and other occupations. This employment increased their status and power in the home, gaining them a new voice in domestic decisions. []
 * How the Depression Started**
 * Effect On People**

**End of The Great Depression** During the 1932 presidential election, Hoover did not stand a chance at reelection and Roosevelt won in a landslide. People of the United States had high hopes that President Roosevelt would be able to solve all their problems. As soon as Roosevelt took office, he closed all the banks and only let them reopen once they were stabilized. Next, Roosevelt began to establish programs that became known as the New Deal. []

the crash of 1929. On Black Tuesday, October twenty-ninth, the market collapsed. In a single day, sixteen million shares were traded--a record--and thirty billion dollars vanished into thin air."**
 * "The trading floor of the New York Stock Exchange just after