The Great Depression is considered the worst economic shutdown in the history of the United States. This economic decline started in the year 1929 and went on to the later stages of the 1930s. The Crash of the Stock Market was the reason which brought this great depression. By the year 1933, there were around 25% of people in the United States were unemployed and the majority of banks in the United States went out of Business.

It was the farmers who were the most affected by this economic shutdown caused by the Great depression. Prices of their crops were falling year after year and states of Texas, Oklahoma and Kansas suffered severe drought which also caused dust storms. In the initial stages of the 1930s, the majority of farmers went bankrupt and because of that, they were not able to pay their loans and lost their farms. Corns that were grown by farmers became so cheap that instead of coal, people started burning corn to make their food. Many farmers even formed farmers Union but all went in vain as it did not have any effect on Prices.

Learn more:

1. What was the impact of political and legal ideas contained in Justinian's code?

brainly.com/question/5344838

2. How did Gertrude stein influence the career of Pablo Picasso in Paris at the start of the twentieth century?

brainly.com/question/4845016

Answer details:

Grade – High School

Subject – History

Chapter – Early depression

Keywords –Economical depression, Great Depression, The United States, Farmers, Crops, Corns, Coal, Texas, Oklahoma, Kansas.

3 0

3 years ago