Short Story about The Great Depression

After Black Tuesday the U.

S went into an economic crisis known as the Great Depression. During the depression the poltical, economic, and social institutions in the U. S were in bad conditions. The government, various groups and individuals sought ways to address the problems that Americans faced.

The Great Depression began during the stock market crash of 1929. Americans faced many challenges during the Great Depression. The government, various groups and many individuals tried to find ways to solve these problems.During the Depression Americans faced many challenges economically. Paper fortunes had vanished but money was the foundation of American life. Disbelief turned into panic as people tried to withdraw their life savings, many of them were often too late and they lost all their savings from the stock market crash.

People invested so much money in the stock market during the economic boom of the 1920s. Some people had expected for the market to crash because of how much money people had gotten off of the stock market. O. I) That’s when people put more and more in and eventually put everything into the stock market and then lost everything on Black Tuesday. (Doc.

2) The rise of unemployment took place after the stock market crashed. This was because businesses began doing worse and worse and had to lay off employees. Because of the stock market crash more and more people began to lose their jobs. This was because the companies began losing money so the only way that they could save money is by laying people off.This led to people not being able to afford to pay their rent or their taxes and that led to many people not being able to afford to live.

These people who couldn’t afford too live in a house or pay rent lived in a shack called Hoovervilles. They called they called the shacks hoovervilles because they blamed the government and President Hoover for not doing anything to help the economy. (Doc. 1) After Hoover was president, FDR did a lot to help restore the economy. FDR helped the needy.President Hoover tried to help the American people by setting up soup kitchens and bread lines for the needy.

These bread lines and soup kitchens were set up and ran by the churches. (O. I) Without the soup kitchens the poor Americans may have experienced more starvation in the United States. (Doc. 4) FDR did a lot more to help find a cure for the depression.

He set up the three R’s Relief, Recovery and Reform. The Civilian Conservation Corps (CCC) was a public work relief program for men from ages 18-25.The Federal Deposit Insurance Corporation (FDIC) was a reform program which insured that if a certain amount of money that you deposited you would get back if the bank went bankrupt. (O. I) The Government as well as FDR and Hoover helped restore the economy in the 1930’s by helping Americans get back into work and survive through the depression. (Doc 6) Americans faced many challenges during the great depression, the government, various groups and many individuals helped to restore the economy.

Although Hoover and FDR helped rebuild the economy World War II ended the depression.