Great depression

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American History


Written by:

Margaret D


Date added:

September 18, 2014







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2 / 324


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The events associated with the Great Depression had destructive effects on the United States. During the depression, there was a decline in the production and sale of goods as well as an increase in unemployment. Many banks and businesses were forced to close their doors because of the country’s economic decline...
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The farmers also felt the effects. Many farmers fell into bankruptcy that led to people losing their homes and savings. The financial losses of the people caused them to depend on charity so they could survive. Most people were unable to help themselves during this devastating time so they looked to the federal government for help...
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