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Masteriza [31]
3 years ago
14

I WILL GIVE BRAINLIEST AND 48 POINTS FOR BEST ANSWER

History
1 answer:
Lady_Fox [76]3 years ago
5 0

Answer:

The causes of the Great Depression included the stock market crash of 1929, bank failures, and a drought that lasted throughout the 1930s. During this time, the nation faced high unemployment, people lost their homes and possessions, and nearly half of American banks closed. The Great Depression caused many people to lose their sources of income and become impoverished. Birth rates dropped because people could not afford to care for children, and divorce rates dropped because people could not afford legal fees. Many couples postponed weddings due to a lack of finances. In keeping with these principles, Hoover’s response to the crash focused on two very common American traditions: He asked individuals to tighten their belts and work harder, and he asked the business community to voluntarily help sustain the economy by retaining workers and continuing production. The Hoover Administration's Response to the Crisis. In the 1920s, classical economics was undisputed, and it was generally accepted that output and prices would return to a state of equilibrium in due time but as the depression carried on, it was evident that the classical school of thought did not work. To justify the need for New Deal projects, the government employed photographers to document the suffering of those affected, producing some of the most iconic photographs of the Great Depression. During the 1930s, America went through one of its greatest challenges: The Great Depression.

Explanation:  This is the answer to your question because it tells you all about what was happening during The Great Depression

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