Question

N a 150-word paragraph, explain what the longterm effects of the Great Depression had on families

Answer 1

Hello!

The Great Depression was a period of economic slowdown in the 1930s which started with the Wall Street Crash of 1929. With no hesitations,  after the Great Depression, a lot of things changed: poverty has increased, cause there wasn't money, which means that people looked for extra jobs in order to make a living and support their family. Not everything is rose colour, and there were not a lot of jobs and many citizens were unemployed. The head of the family, the father in many cases, would often leave to another town in search of work, and if he didn't succeed, families would have no money and would have to live on the street. This of course had negative effects on the family.  

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Answer 2

As a result of long term effects of the Great Depression:

1. Thousands of banks failed and people lost their savings because deposits in those banks were not insured.
2. The banks which were slightly lucky to be able to operate bacme very strict in lending money to people to do any business,so starting new businesses became very difficult to start .
3. Many people were left with little or no money at all.
4. Many people had to start doing many part time jobs to make their ends meet and to support their families.
5. People became very fearful of the future and drastically reduced their spending,so consumer spending became little and business were hardly making profits as very few people were buying their products.So businesses started making less products which led to reduction of manpower by businesses and hence unemployment rose enormously.
6. Very few people were getting married because they were scared how they will be able to look after their families.People started having fewer children as they could not afford any longer.
7. People started to suffer from diseases like depression,stress,loneliness etc.People were highly demoralized and lost trust in government,which was a dangerous situation for democracy of USA.