The Great Depression was a worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The Great Depression began after the stock market crash of October 1929.
What does stock Market Means?
The stock market is a network of exchanges or markets where stocks (also known as equities) and other financial instruments, such as options and futures, are traded. Stocks are a type of security that allows investors to own a portion of a company. When a company issues stock, investors purchase shares and become part owners. The stock market allows investors to buy and sell shares of these companies in order to profit as the value of the stocks fluctuates.
Three paragraphs explaining the causes and effects of the Great Depression are:
The Great Depression was a time of unprecedented economic hardship that affected millions of people. The causes of the Great Depression include a stock market crash, a decline in consumer demand, and an increase in foreign competition. These factors led to massive unemployment and a dramatic fall in industrial production. Those who lived during this period faced extreme poverty, insufficient housing, and a lack of access to basic necessities.
The Hoover administration responded to the distress of the Great Depression with programs such as the Reconstruction Finance Corporation (RFC) and the Emergency Relief and Construction Act (ERCA). These programs provided loans to businesses and financial assistance to the unemployed, but they were largely insufficient to address the scale of the crisis.
The photograph taken by Dorothea Lange in 1935 of two families on the side of a highway in Bakersfield, California reflects the experience of those who lived during the Great Depression. It captures the hardship of people who had been forced to abandon their homes and take to the road in search of work. The fact that the photograph was taken in California highlights the impact of the Dust Bowl and the resulting wave of migration from the Midwest. The children in the photograph, in particular, emphasize the human cost of the Great Depression, suggesting the struggles and difficulties faced by families
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