Topic > The American Depression The Causes of the Great…

The Great Depression is said to be the most devastating period of the late 1920s and late 1930s. The Great Depression was not only an economic crisis in the United States, but also affected other countries, such as Europe, France, Germany, and Australia. The recession that seems to afflict every country in the world began in 1929 through 1939, making it the longest and harshest depression to ever affect the modern Western world. The years of the Great Depression were marked as one of the worst periods of hunger and poverty of the twentieth century. Then, once the American economy collapsed and the flow of American investment credit to Europe dried up, prosperity began to collapse there too. The Depression hit hardest those nations that were most deeply indebted to the United States, namely Germany and Great Britain. The United States had emerged from the war as the major creditor and financier of postwar Europe, whose national economies had been significantly weakened by the economic crisis. war itself, from war debts and, in the case of Germany and other defeated nations, from the need to pay war reparations. The Great Depression, an immense tragedy that left millions of Americans jobless, marked the beginning of government involvement in the economy and society as a whole. Beginning in the summer of 1929, the U.S. economy began a contraction that continued, with minor interruptions, until March 1933 and from which the nation did not fully recover until 1939. The value of the nation's production of goods and services, or gross national product (GNP), fell from $104 billion in 1929 to $55 billion in 1933, causing a 30% drop in the quantity of production and interrupting the historic… .ly for more than a decade. Most of the children, however, didn't even like going to school, because they didn't like being seen in rags like they were used to wearing at that time. Not only did the student not show up, but the teacher rarely had a place to teach, because he did not receive any funding, nor was he paid for his teaching work. It didn't help that most schools were unable to provide all the necessary items, such as books where there weren't enough or some were simply missing pages. Other subjects such as art, music and foreign languages ​​were no longer taught, because there were no longer any funds or teachers to offer those courses. Many students attending school were crammed into one room with all classes without running water or working electricity, making it especially difficult during the winter and summer.