Though the stock market of was crucial for the initiation of the Great Depression, it was not the only factor.
A comparison of the Great Depression Era and The Recession of reveals similarities in causes and effects economically, socially, and politically.
Even though people are taught about the Great Depression, I personally think that a lot of people do not understand the severity that it caused and the livelihoods that it forever changed. Specifically speaking, women were not just resigned to waiting for their husbands or fathers to come home with money and provisions.
This is because of the agricultural opportunity rumors that came from that area. AAA made payments to farmers to cut back production. The vast majority of Americans in foresaw a continuation of the dizzying economic growth that had taken place in most of the decade.
Some historical facts Time frames of The Great Depression: — Many bank customers withdrew their funds from banks and buried it in their back yards or hid it under mattresses.
The agricultural sector suffered greatly. It seems creative task and not hard to complete but it has some peculiarities and requirements. That was the official date when the Great Depression started.
The depression affected people in a series of ways: poverty is spreading causing farm distress, unemployment, health, family stresses and unfortunately, discrimination increases. The houses in such places were made of affordable cheap materials like newspapers, wood, mud, cardboard, and iron sheets.