After the stock market crash of 1929, the American economy spiraled into a depression that would plague the nation for a decade.
We've helped many other countries when they were in a state of "Great Depression" so why didn't they help us? • (3 votes) Europe was struggling to recover from WWI, especially Germany and France. Many countries owed the U.S. money that had been lent during the war, but worldwide economic depression and years of destruction meant the countries didn't have the resources to pay back or help support the U.S. Also, after WWI, many countries, including the U.S. became more isolated than interventionalist. This was partly due to the Hawley-Smoot Tariff because the tariff made American goods expensive for foreign buyers, who then raised the prices of their own goods so their industries could make profits and earn money to buy American products and pay off debt to the U.S. This reduced global trade, closing potential markets and worsening the depression. (38 votes) how did the great depression crush some people's ability to achieve the American Dream • (13 votes) people lost their money and couldn't buy property or businesses they truly desired (6 votes) This may sound like a stupid question, but why exactly did people lose their jobs? As in what was the exact cause of this unemployment? • (4 votes) This mostly happened because the employers couldn't pay there workers so the workers had to be laid off. (10 votes) Why didn't people take out their money from the stock market before it hit rock bottom? • (3 votes) During the 1920s, millions of Americans were buying stocks. Some bought them on credit, so they borrowed money, invested it in the stock market and hoped to repay the loan with the money and profits they make. The Roaring 20s was a time of economic prosperity, and the stock market was going up and up. Most people believed that it would go up forever. Some people during that time did point out problems with the stock market and claimed that it was a bubble, meaning that the stock market would eventually fall. However, those people were ignored and the media,press,and others claimed that good times were still ahead. When the Stock Market crashed on October 29, 1929(Black Tuesday) people did rush to sell their shares, but there were no buyers, so most of the money people invested was lost. (10 votes) what can we do if the stocks crash again? • (1 vote) They have crashed again, and again, and again. Read up on the final years of the George Bush presidency. (10 votes) What was life like after the Great Depression? • (1 vote) After the great depression, life was war. It even got a name: The Second World War. (9 votes) What would have life in the Great Depression even been like for the common worker? They were clearly starving and hopeless but what were the day to day challenges other than a lack of food? Disease perhaps? • (3 votes) Keeping a roof over your head. (5 votes) The great deprestion is realy sad i am glad i am not in the great depresion • (4 votes) same, honestly relatable. (3 votes) Would this happen again in the later years • (2 votes) Yes and no. In 2008, the banks failed again, but President Obama took major loans to get the economy back on its feet, basically skipping the depression stage. And no in 2020, well who knows what will happen. (7 votes) In Stock Market Crash of 1929, paragraph 2, why did the stock market lose one thirds of its september value? Can you explain how the Stock Market Crash of 1929 contributed to the affect of the great depression? • (2 votes) Stock markets are companies that are offering to give you a very small bit of the company, like way less than even .0001%. When the stock market crashes, that reflects on the companies all around the U.S. When the market crashes, millions of companies are losing a lot of money, and so are the stock holders. When a company is losing money, it has to fire a lot of people so it won't go into debt, and the government has to start inflating money to make up for all the money that has been lost. You cannot keep inflating the money, or else it has no more value, so the government had to stop printing money, thus leading to millions more losing their jobs and the Great Depression. Hope this helps! (7 votes)Want to join the conversation?
The U.S. was able to support European countries during WWI because it continued to trade and farm while Europe was embroiled in conflict and killing each other on fields rather than growing crops. After the war, these countries were already in debt to the U.S. and their economies weren't stable enough to recover from a war and save the United States from overspeculation, insider trading, and the overuse of consumer credit which had been occurring for years. The depression caused radicalism in several countries as capitalism was viewed as a failing economic system and malcontents advocated for socialism, communism, and stronger central government. These new leaders were more concerned about saving their own countrymen (and gaining personal power) than helping a nation across the Atlantic. So political in addition to economic turmoil hindered foreign aid to the U.S.
Keeping clothes on your back.
Staying healthy.
Providing a loving and worry free environment to your children.
These were all challenges.
By and large, people coped, though enjoyment was in short supply.
Note that certain sectors of the economy even flourished. Movies and stage plays made huge amounts of money. Large construction companies that built the things the government paid for made a bundle, too.