great depression

The Great Depression in the United States was the worst and longest economy crisis in the history of the modern industrial world. It lasted from the end of 1929 until the early 1940s. It began in the United States and the depression spread to most of the world’s industrial countries, which in our time now have become somewhat dependent on each other. The Great Depression received rapid declines in the production and sale of goods and a sudden, severe rise in unemployment. Businesses and banks closed their doors, people lost their jobs, homes, and savings, and many depended on charity to survive. In 1933, which was the worst point in the depression, more than 15 million Americans (one-quarter of the nation’s workforce) were unemployed.
The Great Depression had a strong and bad impact on the lives of Americans. Physically and psychologically, it was devastating to many people, who not only lacked adequate food, shelter, and clothing but felt they were to blame for their desperate state.
The psychological impact was really just as bad. During the prosperity of the 1920s, many Americans believed success went to those who deserved it. These attitudes declined after the New Deal began, however. The establishment of government programs to counteract the depression indicated to many of the unemployed that the crisis was a large social problem, not a matter of personal failing. Still, having to ask for assistance was humiliating for many men who had thought of themselves as self-...

great depression

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