scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 610
The Great Depression could not be described as a time of complete economic desperation it was however a time of social adversity While many millions of people endured the harsh conditions that occurred during the Depression the hardship was not uniform the levels of peoples suffering and their despair varied greatly depending on their class and country In the United States where the economic crash first occurred many businesses closed down due to bankruptcy or reduced their output or employee numbers in order to stay solvent in the unstable economic atmosphere However there were individual businesses and even entire industries that survived effortlessly and even prospered There were also many social issues that individuals had to deal with during the Depression homelessness education health and unemployment Although these problems became a concern to all members of society it was mostly those who were already on the bottom of the social ladder who became despairing Even in the depths of the economic and social darkness the majority of people did not see their situation as hopeless and the never gave up their trust that things would eventually grow to be prosperous again The stock market crash set off a chain of events that led to the unexpected economic problems that the United States encountered during the Great Depression Banks faltered after millions of arm-chair investors went bankrupt and the banks could not collect on the loans they had paid to these investors The great loss of money that many banks faced evolved into further universal financial difficulties With very little money readily available banks started to close down People scared of a complete collapse started to withdraw their money from banks which brought about the ruin of almost 700 banks in 1929 alone and the banks in a panic for funds began to call in their loans from families businesses and farmers Houses were repossessed when mortgages went unpaid businesses declared bankruptcy and farmers were
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA