*The+Great+Depression

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The Great Depression started on October 29,1929,also known as "Black Tuesday". It was the world's largest economical crash that as ever occured in America,Europe,and other modern areas of the world; lasting until about 1939. ======

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It was a time when the stock market crashed and banks closed.Many people's life savings were lost and they were left without money or a job.There are many causes that led to the depression. ======
 * ======The first cause was the trickle down economics.The idea of this was that rich people had more money than the poor people ,in which they were depended on to start a company and hire the poor people to work it.Instead,some became selfish from the depression and kept their money to themselves.Others opened up companies but didn't hire the people,rather they hired a bunch of machines to do the work.Either way,it was a cause of depression that didnt work.In effect,there was a lot of unemployment.Factories were closed down from over processes and many people,again,lost another thing-their jobs.In 1933, over thirty-four million Americans had no source of income for their households.There were times when people stood in lines for hours just for a little bit of soup to feed their families.media type="file" key="The_Great_Depression_in_America.mov" align="right" width="300" height="300" ======

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 * ======The second cause is when the banks closed.When investors couldn't pay the banks back from borrowing a loan for a stock from the market,there was no money to give back.Everyone lost their money in the bank.Furthermore,over a thousand banks closed in a single year due to the depression.Having no money put many without a home and there were many homeless already.Two million people with no home basically walked around looking for work to provide a roof over their families heads and also to supply food.During that time,many drifted into despair and shame of having no job.Suicide rates increased from 14 to 17 per 100,000([|www.nps.gov]).[[image:CaptionWinnerColor1122-thumb-380x308.jpg width="335" height="306" align="right" caption="A cartoon that involes an old women looking for a job =)"]] ======
 * ======The third cause was overproduction.In this case,companies were making too many products in which there weren't enough people to buy them.People had no money to buy anything,not even products from certain companies.The companies spent money on materials for products but didn't receive any money in return of selling the product because there was no one buying them.Aside from companies,farmers felt a big part of the depression too.They weren't making money on their crops,instead they were losing more than $1.50 per acre of land they planted.Despite the dust storms that occurred often destroying lots of fields,with no money farmers ended up losing their land.[[image:http://symonsez.files.wordpress.com/2008/10/1929crash.jpg width="373" height="440" align="left" caption="A graph that shows the stock market crash in 1929.The graph ranks form 1927-1933."]] ======

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Today in certain districts of New Jersey and throughout the states,many firemen,police officers,and teachers are being fired.However,back in 1932 in Cook County (Chicago) the same thing occurred because of the stock market crash ,and also that there was no money to pay the employed.By then, the unemployment rate went from 30% and dropped down to 5% in 1935.In the present,there are failed banks,rising unemployment,and panicked markets .It makes people wonder,is today's economic crisis another Great Depression?It's possible that today could be history repeating itself.However, its unlikely because learning from past history the U.S. has remodeled the banking systems,learned saving procedures,and now there are housings for low income people and shelters for the homeless.During the depression of 1929,the homeless created homes for themselves called 'Hoovervilles",which were built outside most major cities. ======

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Franklin D.Roosevelt,a democratic candidate,created the "New Deal" ,in which was made up of different programs for welfare,banking,and social security.Relief,recovery,and reform became Roosevelt's goals to cure the depression in the U.S.. ====== ==== ==== He said,"Let me assert my firm belief that the only thing we have to fear is, fear itself — needless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance"( Roosevelt;www.u-s-history.com).He was a determined president to keep the faith that others didn't have to regain what was lost.During that time,Roosevelt's presidency gave the people hope that there was enough time and faith to recover.Therefore,the New Deal helped rejuvenate and introduce basic banking and welfare reforms for the unfortunate and low incomers.It supported most families providing them with the food and clothing they needed to survive.It relieved most of the problems within the Great Depression.Furthermore, in the late 1930s, as Germany gain strength in their army and the invasion from Poland to Europe, America's depression and the desolation throughout the rest of the world,end during WWII.