Research Project
The Great Depression
The Great Depression started from 1929 and ended on 1939. The Great Depression was the longest economic failure in the history of Western industrialized world. It started with the stock market crash in October 1929. Millions of investors were some of the people involved during the Great Depression. This significant event wiped out millions of investors. Investment and consumer spending dropped over the next several years. The Great Depression left millions of people unemployed and caused steep declines in industrial output. Approximately 13 million to 15 million people were left unemployed in America and almost half of America's banks failed by 1933. President Franklin D. Roosevelt helped resolve the effects of the Great Depression by the 1930s. The economy went back to normal in 1939 because of World War II, which made a boost in American industry.
Compare & Contrast - The Great Depression & the recent Recession in American society
Compare:
They both caused a negative effect against the economy and the government. They both caused a negative effect to the people of the United States of America. They both involved investors and financial institutions. They both were resolved. |
Contrast:
The Great Depression dropped consumer spending and investment, but the Great Recession led to the collapse of the United States housing bubble and many large United States financial institutions. The Great Depression occurred from 1929-1939, but the Great Recession occurred from December 2007 - June 2009. The Great Depression lasted longer than the Great Recession. Each incident involved a different U.S. President. The Great Depression affected the American industry, but the Great Recession affected the United States housing bubble. |