The effects on the American people were that families got simpler and came together for support. Ever heard of family game night? Yeah, that probably was started around the Great
Depression, or so that's what my social studies teacher says. Do YOU have family game night?
Well, right now we're going through a economic crisis right now and Board Games are making a return! Another effect is that families didn't take advantage of what they had if the recovered from the depression. We kinda forgot about this and have been being pretty greedy, but as I said before, we're going through a crisis right now too. SO alot of families are cutting back.
Well,it all started with the KKK. The KKK's head leader Martin Luther king was the one who started the Great Depression because he hated the farmers, almost as much as the ordinary people. The repercussion's of such led to the great Ohio river valley battle of 1932, fought between the Jedi's and the Canadians, which proved to destroy all of the farmers land. Which left them with no way of making money. Therefor they had to go to the cities to get normal jobs. These farmers were all trained in computer science which made them have an advantage over the normal people. So the farmers came and took the jobs of the normal people. Which as scientist have proven (Bill Nye) that this had a direct effect of causing the Holocaust. You see Hitlers father was an ordinary man who grew up in the Bronx, and he always blamed the farmers who in fact were jewish. Which led to the holocaust. So to sum up your answer, The great depression caused the Holocaust.
A great majority of America's " everyday citizens" lost all faith in the Banking Industry. Sadly, when the Stock Market crashed, US banks took a big hit. Banks utilize the monies deposited by their customers to "make" loans" to other customers (depositers, in turn are paid interest by the banks for the use of this money) banks also use the monies (deposited by customers) to "invest in the stock market." At the time of the great depression, there was no FEDERAL INSURANCE PROTECTION like the FDIC insurance which protects modern day bank depositors from total loss, should their bank not be able to produce the funds or money (held in deposit) if and when depositor/customer wishes to withdraw it. So what eventually happened (and it happened quickly) Large depositors (those persons/corporations with considerable sums held in deposit at depression era banks) Were the first to consider they better get their money out of the banks fast. Large investors/bank depositors, especially back then, were a great deal morefinancial market saavy, thus quickly realized the heightened possibility of potential loss, should they not immediately get their deposited funds out of all the banks. Thus, withdraw their deposited funds immediately, is exactly what a great majority of them did. By the time the "average citizen" discovered that some banks were actually running out of money to give back to depositors wishing to withdraw funds, it was largely too late. It is not that the banks planned to purposely steal from their depositorsor that they just decided to keep the money....they didn't have it anymore and simply ran out of cash to return. Many hard working rural American families and businesses lost everything they had placed in deposit at most US banks. This situation then sparked a snowball effect of additional problems for the "average depression era citizen." Virtually overnight everything this country had the day before was gone! People wike up to the nations highest unemployment rate, record inflation, banks were abandoned and simply closed their doors. Their was no unemployment insurance, no foodstamp program, no federal insurance for depositors to reclaim their money that the banks lost, stock worth hundreds of dollars a share were now worth pennies. Hence: The Great Depression. Without banks being trusted anymore, "ordinary citizens" began retaining larger than average sums of cash money and hiding it within their homes, they certainly were not going to make the bank mistake again. This created a whole new motivation factor for bandits and crooks, especially in rural America. Burglery and home invasion theft skyrocketed and families now found themselves not only endanger of losing their cash but maybe their lives should they unfortunately fall victim to the rash of theft. It took a long time for the banking industry in the US to recover from the depression and it is obvious, by way of modern standards, that banks are something we simply could not readily live without. There are hundreds of "effects" related to the depression, however banks don't get mentioned as often as many of the other issues do.
WWI was a major cause of the Great Depression.
The Great Depression ended when the war began. The war demanded industrialization and military power so many men and women were given jobs. (Men- soldiers Women- Factories)
The great depression of the 1930's led to WW2; WW2 got the US out of the depression.
I believe it was Mahatma Ghandi who said your quotation.
The president during the Great Depression and World War 2 was Franklin Roosevelt.
In my opinion I think Yes the Great Depression hardship strengthened the families bond because families idk
the children were very sick very easily and would have to be put n a hospital alot of the time and it was hard to afford it for alot of the families
no
cities and town were families were during the great depression
What did the Great Depression effect? What was the effect of the Great Depression?
monkeys
by your farting
More international trade
they tried to keep there families safe or they would go live with their families
breadlines. (: --novanet--
the great depression
The Great Depression.