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What was the life like in the 1930s Speculation in the 1920s caused many people to buy stocks with loaned money and they used these stocks as collateral for buying more stocks The stock market boom was very unsteady because it was based on borrowed money and false optimism When investors lost confidence the stock market collapsed taking them along with it This eventually led to the Great Depression Short signed government economic policies were one of the factors that led to the Great Depression Politicians believed that business was the key business of America Thus the government took no action against unwise investing Congress passed high tariffs that protected American industries but hurt farmers and international trade Furthermore the economy was not stable National wealth was not spread evenly Instead most money was in the hands of a few families who saved or invested rather than spent their money on American goods Thus supply was greater than demand which caused overproduction Prices went up and farmers and workers did not profit In other words the unevenness of prosperity made recovery difficult In addition the stock market crash of 1929 finally led America into the Great Depression period The Great Depression had both physical and psychological impact on the entire nation Fear of losing jobs and unemployment caused anxiety People became depressed and considered some even attempted suicide Thousands went hungry especially children suffered long term effects from a poor diet and inadequate medical care People grew food and ate berries and other wild plants in the country and sold apples and pencils in the city Living conditions changed when multiple families crowded into small houses or apartments during the Great Depression Divorce went down because couples could not afford separate households and others postponed wedding plans Unemployed men felt like failures when they could not support their families and lost their status when they saw their wives and children working to the
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