Question

Please write an essay about the Great Depression.

Answer 1

Great Depression

The great depression was a worldwide economic depression that took place during 1930's which originates in USA. Throughout, 1920's US economy got expanded and stock market underwent rapid expansion by the end of 1929. Unemployment has risen during that period, consumers debt were multiplying, agriculture sectors were struggling due to drought and falling food prices, and even banks were not able to manage their large loans. There was a big recession all over the country and stock market got crushed which is also known as Black thursday. All investors were panic and it was the time of poverty.

The Great Depression affected the farmers in a very adverse way. Though they always survived other depressions that they encountered, this one was a big challenge to them. Most of the farmers were situated at the Great Plains before the Great Depression took place.The Great Depression had a huge impact in that it caused human suffering. It took a very short time, and the levels of living went down drastically.