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Ksivusya [100]
2 years ago
10

Discuss the events that may have led to the “Great Depression” of 1929. How was the country prepared to deal with such a crisis?

What were some of the consequences seen throughout America during this period?
History
1 answer:
guajiro [1.7K]2 years ago
5 0

Answer:

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. Interest payments alone accounted for 63.2 per cent of the country's shrinking income. The government responded to the crisis by borrowing more money from abroad. The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.

Explanation:

Hope this is what you are looking for. sorry that its long :(:

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First, all three movements gained popularity with the middle classes. Second, All three movements were a product of the urban, rural divide in America. Third, all three movements had racial elements. The Temperance Movement grew out of the Second Great Awakening religious revival, as did Abolition. Temperance in the early 1800s transitioned from reduction of use of hard spirits to total abstinence. This reform movement was resisted by recent urban immigrant groups from Ireland and Germany because it ran counter to their cultural experience much as prohibition in the 20th century ran counter to the cultural experience of Southern and Eastern European immigrants. It was thought that drink was the cause of all evils in urban life. As in the other movements there was a racist component not far underneath the avowed purpose. The Health Reform Movement also focused on middle class fears of diseases like cholera and yellow fever emanating from garbage and filth in slums inhabited by recent immigrants. The movement had some basis in science as it advocated cleaning slum areas and providing clean water to slums as a city government service. Again the racist assumption was that immigrants woul not clean their own residential areas without public action. At the time the middle class paid private companies to carry away trash and cart in clean water for their use. The fear of cholera prompted health reform. Phrenology was a pseudo science claiming that. The shape of the head determined characteristics of the individual. It was later used by racists to support bogus theories of racial inferiority. So these movements aided Antebellum Americans in defining cultural norms and maintaining the status quo regarding racial hierarchies.

Explanation:

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