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The Great Depression
The Great Depression
8 pages
Author: John Smith
FRIENDSHIP
HISTORY
RESILIENCE
EDUCATION
EMPATHY
Summary
1. John Jr and Yuēhàn had heard of an awful period in the US called the Great Depression. They wanted to find out more about that time period. 2. Upon some further investigating, John Jr and Yuēhàn discovered that During the 1930s much of the world faced harsh economic conditions as a result of World War I. Many people were out of work, hungry, or homeless. 3. John Jr and Yuēhàn learned that The Great Depression was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression.The depression began around September 1929 and led to the Wall Street stock market crash of October . 4. John Jr and Yuēhàn realized some effects of the Great Depression: Bank failures: People lost Here are some effects of the Great Depression: Bank failures: People lost their savings, and the economy suffered. Some people still harbor distrust in banks even to this day. Business closures: Demand for goods declined, and many companies went out of business. Drought: The Great Plains became the Dust Bowl, and farmers couldn't grow enough crops to sell. International spread: The crisis spread globally due to a decline in international trade. goods declined, and many companies went out of business. 5. John Jr and Yuēhàn felt a sense of sadness for the children of Great Depression because Many children didn't have enough food to eat, a car to ride in, a big enough house, or enough clothes. Many had to quit school to work in a factory or on a farm.
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