How much money was there in the Great Depression?
There was plenty of money around, however the ordinary people were restricted in earning it, and those who had it hung on to it and their property.
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The Great Depression was a worldwide economic downturn starting inmost places in 1929 and ending at different times in the 1930s orearly 1940s for different countries. It was the largest and mostimportant economic depression in the 20th century, and is used inthe 21st century as an example of how fa…r the world's economy canfall. The Great Depression originated in the United States;historians most often use as a starting date the stock market crashon October 29, 1929, known as Black Tuesday. The depression had devastating effects in virtually every country,rich or poor. International trade plunged by half to two-thirds, asdid personal income, tax revenue, prices and profits. Cities allaround the world were hit hard, especially those dependent on heavyindustry. Construction was virtually halted in many countries.Farming and rural areas suffered as crop prices fell by roughly 60percent. Facing plummeting demand with few alternate sources ofjobs, areas dependent on primary sector industries such as farming,mining and logging suffered the most. The Great Depression ended at different times in differentcountries. The majority of countries set up relief programs, andmost underwent some sort of political upheaval, pushing them to theleft or right. In some states, the desperate citizens turned towardnationalist demagogues-the most infamous being Adolf Hitler-settingthe stage for World War II in 1939. A Shorter Answer The 'Great Depression' was a period in the United States and worldhistory when business was poor and many people were out of work. Itwas caused by many things like the drought that ruined so manyfarms and the stock market crash. Therefore, people lost money andjobs, because people had less money to spend or invest. ( Full Answer )
The Great Depression It began in the wake of the stock market crash of October 1929 andlasted until at least 1933. The end varied somewhat from country tocountry, and there is some disagreement as to when it ended in theUS. Programs to address the Depression began in earnest in 1933 afterthe electi…on of Franklin Delano Roosevelt. But the after-effectscontinued until World War II in 1941. The Great Depression was a massive global economic recession (or"depression") that ran from 1929 to 1941. It led to massive bankfailures, high unemployment, as well as dramatic drops in GDP,industrial production, stock market share prices and virtuallyevery other measure of economic growth. It bottomed out in 1932-33,but it was well after World War II before such indicators asindustrial production, share prices and global GDP could surpasstheir 1929 levels. ( Full Answer )
The Great Depression was a worldwide event, although manyeconomists (but definitely not all) say that the stock market crashin the United States began it.
they had to stop so the made rules that is what my teacher told me
During the roaring twenties several loans were handed out to farmers who could never pay them back. The farmers could never pay the money back due to over-production, management costs and droughts. This resulted in banks taking money from people's savings and using it on the farmers. When the stock… market crashed and people wanted their money it wasn't there due to the loans. The banks were forced to shut down and everyone lost their money. ( Full Answer )
During the Great Depression, my grandfather was a small town sheriff. When many were out of work, he had a job. The same is true for teachers. When he had the cash, others did not. So he bought up a music store, a well drilling business, and several apartments which were foreclosed. Having the cash …is the key. If you have cash, you have power. Power to buy what others cannot own. He bought, bought, bought...The KEY is....be debt free, have as much cash as possible, and then buy wisely. People will always need basics. ( Full Answer )
the great deppresion was where all economics were destroyed as all the crops and farming's were destroyed with drought :D im smarticle
Little children like newspaper boys would sell newspapers for 2 cents, making 12 cents a day.
the government was too lazy to pay the money for the soup kitchens so they had to have volunteers to pay for the soups get it got it good
That's why it is called "the depression," because it was the biggest time of great financial hardship in the recent past. "The Great Depression" and "The Depression" are the same thing. Although, some people talk about us entering "a depression" sometimes, and they are talking about the economy now,… not back then. ( Full Answer )
The politicians who set policies and the friends who influenced them. Not too much different than now days
The stock market crash in 1929 started the Great Depression, wipingout people's investments along with the failure of the bankingsystem. It ended at the beginning of World War 2, when largeamounts of money were needed to finance the war.
The Great Depression began in the United States in 1929. Theeconomic depression quickly began enveloping other countries, andthere was no monies being sent from other countries.
people lost their jobs because of stock market crash. everyone bought stocks before but after the great depression the stocks crashed and people lost all of their interst. many had bought so many stocks that all of their savings were gone as well.
A quart of milk during the Great Depression cost around 14 cents.During this time the government did issue cardboard chips thatcould be redeemed for things like bread or milk. Some people usedpowdered milk to save money.
Causes of the Great Depression in the United States: . The stock market crash, structural weakness of the economy, overproduction, maldistribution of wealth and an international crisis contributed to the Great Depression in the United States.. Hoovers Response: . Hoover was interested in wor…ld peace and wanted to advocate cooperative individualism. He said "people should depend on charity and take care of each other, we'll all suffer but we'll make it through". He was against federal aid during the great depression. He was unprepared to deal with this crisis and tried to tell people that laughter was the best medicine. He lowered taxes and raised the tariff, as a result, international trade died out at this point. He encouraged volunteerism and businesses to tax cut and invest it in the economy. The Reconstruction Finance Corporation gave the government the ability to loan money to major failing banks and big businesses. This was a very limited measure though. It only bailed out certain people for certain reasons and this angered the people.. Franklin D Roosevel's Response to the Crisis: . During FDR's first 100 days he waged war against the economy by attacks the baking crisis. He created a bank holiday which would shut down the banks so people wouldn't withdraw all their $. He also created an emergency banking which would loan money to failing banks from the federal reserve so they don't go totally under. The Glass Steagall Act was another one of his attempts; this was a separation of investment and commercial banking. According to the people, capitalism was save in 8 days." He also created the Agricultural Adjustment Act which paid farmers to keep land fallow. The National Industrial Recovery Act was created to cure over production, boost prices, protect labor, end cut throat competition and created the National Recovery Administration which meant that big businesses should have set standards, codes and wages to eliminate cut throat competition. The Federal Emergency Relief Administration was also created as well as the Civilian Conservation Corp. This put young men to work in national parks to work in forests preservation. The Public Works Administration was created to build roads, hospitals, bridges etc. He also created the Tennessee Valley Authority which hired unemployed to build dams to prevent floods.. Demands of the Poulists and the Second New Deal . Some of the most recognized populists were Father Coughlin, Upton Sinclair and Charles Townsend. Father Coughlin attacked Wall Street and capitalism. He wanted government ownership of industry and supported fascism. Huey Long , gov of LA, which was the closes thing to fascism that the US has ever seen. He had complete control over every branch in LA. He increased taxes on LA oil companies and takes that $ to build roads, schools, hospitals etc which provided jobs. He also wanted a guaranteed national income an free college. Sinclair ran for gov of CA and experienced the first negative campaign. He wanted to put the poor people to work on the fallow lands in CA. Townsend as the spokesperson for the elderly in CA. He liked the idea of old age pensions and social security which would stimulate the economy but no one liked it because it w s too expensive.The second new deal came about as a result of the populists. It created the Works Progress Administration which put the unemployed to work building post offices, county buildings, 500,000+ miles of road, 600 airports, stadiums, community swimming pools, sewage treatment plants, etc. It also included the Wagner Act which established the workers' rights to collective bargaining. It outlawed firings and blacklistings of union members. It also created the Social Security Act which gave unemployment insurance to disabled and elderly. He wanted the money to come from taxing the people. The Revenue Act of 1935 increased corporate taxes. . African American's During the Depression . Eleanor worked for civil and equal rights but FDR never really touch the issue. Social Security was not extended to African Americans. Southern Democrats revolted if Roosevelt tried to help African Americans and they wouldn't pass his acts/laws if he did, as result his effort for helping them was low. The states were in charge of the CCC, WPA, etc. They didn't generally give those jobs to African Americans. The Federal Housing Act also discriminated against blacks and further segregates America. Fed Employment Practices were discriminatory and projects in the south refused to hire blacks.They were the last hired and the first fired. Although, FDR did appoint Mary McLeod Bethune to his cabinet. He encouraged hope for them. . The affects of the New Deal on politics . The new deal was the great debate between R and D. The debate was to either extend the new deal or cut back on it. It shifted politics. Before the 1920's, the R were progressive and they slowly start becoming more conservative. The government expanded as well and it was the first time the government gets involved in the welfare of common people. FDR also increased the power of imperial presidency.. Life During the Great Depression . The people that lived through the Great Depression said "We didn't go hungry but we lived lean." During the GD, unemployment reached 25% by 1933. 86,000 businesses failed between 1932-3. The national income in 1929 was 87.8 billion in 1933 it was 40.2 billion. Wages declined by 60%, 9 million savings accounts were wiped out, poverty became a way of life. People moved to the cities to find jobs but there were no jobs were left. The homeless built shanty-towns around cities and called them Hoovervilles in spite of Hoover's response to the Depression and people began to blame Hoover for the Depression.. People stood in the breadline from charity handouts. People started eating jackrabbits and called them Hooverhogs. ( Full Answer )
Almost everything was less costly during the Great Depression. Eggsgenerally cost about 18 to 23 cents for a dozen. Bread was about 18cents per loaf.
I think that we are aproaching a great depression. Over 25% of the population has been laid off or lost their jobs. Our economy is getting at its worst it's been since 1941.
Sold their possessions to get a little money and moved to other towns or states in desperate search of work. The movie Grapes of Wrath chronicles typical family struggles. They did anything they could to make money. Picking fruit and cotton was common. Most didn't even make enough to eat.
For most people, it was. But the term "depression" describes an economic condition, not an emotional one. Any "depression" is a strong decrease in the amount of economic activity in a country or region, leading to lower production, lower employment, and lower capital investment. On a chart of such a…ctivity, the "depressed" part of the cycle is the deeply-lower "V" shaped area, where the economy dipped and then rebounded. ( Full Answer )
According to the Motion Picture Association of America, during The Great Depression ticket prices went down and by 1935 they had dropped to an average of $.24.
It may have been emotionally depressing, as people lost jobs, homes, or property. But the term "depression" actually refers to the downturn in the level of the economy.
They were hurt after the great depression because almost or mabea even all of their crops had dried out an died and befor i don't know im not that old so im not sure but i do know why they were hurt after it because we learened it in history
because after WW1, Germany was paying for all of the war debt.. we were partying in a time called the roaring 20's.... people were putting money in stocks.. which was fine until they paid for stocks with credit.( almost like a credit card) they paid for stocks with money that they didn't have.. the …banks ended up taking there money and using it to pay for loans.. they lost that money and then the banks failed, the stock market crashed, and people had no money! ( Full Answer )
About a few dollars each person probably! Some allowed patients to barter for services when necessary, so some doctors were actually paid in chickens!
You are lucky to have them!!!! I heard they are worth up to $10000 dollars each! Cash them in right now!
George Creel, an ambitious federal relief official, forced migrantworks to accept a wage compromise. Migrant workers were offered$0.75 per hundred pounds of picked crops, which was 25 percent morethan what growers were offering and less than the one dollar thatstrikers demanded.
If you are so severely depressed that you are unable to work, you may qualify for disability payments, but that depends upon many things. This is too complex an issue to resolve on wiki.answers.com.
The great depression was a time where many people could not make much money, and it was hard to make money.
they costed $573 for a pair of mens shoes and $307 for shoes laces no they didnt! we are trying to help people and not give them wrong answers!
That would depend upon the type of coat and whether it was an everyday article of clothing or something worn for special occasions. Women's dresses were $5/$8 and men's suits were about $30. A coat would cost from $5/45, depending upon year and style.
Great depression is a time when there was an economic depression i.e. lack of demand(just like the recession we've just experienced). So people were depressed about losing their job, their houses, and all that kind of stuff. No seriously, it wasn't a social phenomena, it was an economical event th…at led to the social consequences Opinion: people shouldn't be depressed, their lucky they have a life. At least their not a pig, pigs are raised and then eaten! ( Full Answer )
Gas during the 1930s averaged 10-18 cents a gallon in the United States. But I would imagine people took public transportation, or didn't travel at all.
From Black Thursday in 1929 to 1932, the peak of the stock markets decline, stock prices dropped 80%
No One Actually Tried To Have One It Was When Every One Saw That They Where Spending To Much For Stupid Things And The Stock Market Crashed Because of It And It Led Into What They Call The Great Depression
Their money had become nearly worthless. It cost $30 to $50 just for a hamburger.
yes, but that's not what its all about. the great depression was a time when marketing was low and many people couldn't afford anything...... they almost all lost their jobs. started in1929
well the stock market began to to crash in 1929 which overlaped all of the forclosers
it began in the U.S. but after Hoover enacted the Hawley- Smoot tariff in 1929 the flow of cash from the u.s. to Europe thus creating a global depression.
$100 dollor a min at his peak. Seen a documentary on him thts wot thy say. Rembr he had it all locked off prohibition times wer gud for him an he didnt have much competition. U see why who control alcohol now. THE GOVERNMENT. da more u drink da more tax thy get. THY WNT DA HOLE WORLD PISSD AN NOT TO… THINK. U SEE A SMART MIND A DANGEROUS PERSON. U GET PISD TAKE DRUGS U WILL BE BROKE WE WILL DO THE THINKIN FOR U. MONDAY MORIN UR BROKE BACK TO ð½qure 1. â¨ ( Full Answer )
The price of stock for the Union Cigar Company collapsed from $113.50 to $4 in just one day following the Crash of the Stock Market in 1929. The President of the company jumped to his death from a hotel room. That incident helped fuel a legend that the rich were shouting "Ruined!'" as they leaped …from high buildings during 1929 and 1930. Cartoons and newspapers had a field day, but the truth was not many wealthy jumped, but tried to work to save their companies. A study found more suicides in the month prior to the crash than after. While the middle class saw many of their numbers ruined financially, the very rich suffered little more than a loss in paper wealth and not poverty. Still, the monied class was stunned by the Depression. The rich feared FDR more than the Depression. By 1936 "That man in the White House" was being called a traitor to his class. By 1937, most of the wealthy were living comfortably again. Stock prices had started going up and the rich found new entertainment in the "Speakeasies" brought about by prohibition. In "Cafe Society" the rich, young, and beautiful took center stage in the wealthy society. Like today's fascination with the young, "beautiful" movie stars and musicians and singers, the middle and lower class of the 1930s became fascinated with the wealthy foreigners who came to America to join the upper classes in wedding, dining, clubbing, and enjoying their wealth during the Depression. ( Full Answer )
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What was it like for people who were trying to survive losing all their money during The Great Depression?
There are urban legends of stock brokers who threw themselves out of skyscraper windows when the stock market crashed. Others sold pencils or apples on the street to eke out a meager existence. Some relied on breadlines and soup lines for bare survival. One-third of the nation was jobless an homeles…s. ( Full Answer )
YES. Banks were using depositors' money to invest in the stock market. When the market crashed everything vanished.
The value of money increased during the Great Depression due to deflation. However, most individuals end up having less money than the value of the money increased, giving a net negative effect of personal income and wealth.
The great depression is when the stock market crashed in the states. People lost their jobs, money lost its value, fear, stress, lack of hope, and only the rich could manage the depression and even then people struggled, there were beggars everywhere, people lived on the streets, Many people starv…ed and went bankrupt also because of the great depression, Hitler took advantage of the lack of employment and saw it as his opportunity to start a new regime in Germany, he gave hope to a suffering population by saying he would give them jobs, and they elected him into the government then he began Nazism. ( Full Answer )
That's part of the point of a Depression. No one had "emergency money", or very few people. Banks of which there were literally hundreds at the time shut down as people withdrew all their (cash) money.
By 1933, depositors saw $140 billion disappear through bankfailures. ... either closed or had placed restrictions on how muchmoney depositors could withdraw. ... and historians have arguedthat the bank crisis caused the Great Depression.
It was difficult to find a job during the Great Depression. Many businesses closed, or have to reduce operations. About 1 in 4 people had no job. Not easy at all.
Little kids like newspaper boys got paid 2 cents a day for selling12 newspapers, literally 2 cents for selling 12 newspapers. Thatreally did not help their family out a lot. We all know some peopledidn't get paid at all. Some factories didn't have enough money topay people.