This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

The Start and End of The Great Depression in America

downloadDownload printPrint

Remember! This is just a sample.

You can get your custom paper by one of our expert writers.

Get custom essay

121 writers online


The Great Depression occurred in 1929 affecting the global economic status through a contraction. It kicked off during the Black Thursday when traders sold millions of shares with a day, which was three times the usual amount. In the consecutive days the stock price with approximately 23% in the stock market. The economic contraction affected the United States through an increase in unemployment to 25% of the country’s workforce. Accordingly, the individuals that were employment experienced a decline in their income by a half.

During the depression period, farmers were greatly affected since they lost their land. The season followed an over-cultivation and drought consecutively. The limitation of the farming area led to the shift of various farmers and the unemployed to work in California. In this regard, there was a loss of homes, wealth and increase in poverty level. Argument rose regarding the depression and various responses were given. For instance, the blame lay on the central bank defaults on the monetary policies.

Besides, there are many factors that led to the rise of the Great Depression in the United States. The Fed played a role in this by increasing the fund’s rate and as a result, the stock market collapsed, investors withdrew from currency markets and dollars were traded for gold. The rise in the interest rates also enacted the fall in the value of the dollar in that period. To cap the problem, the Fed increased the money supply in the nation to solve the issue of deflation. Moreover, the insecurity increase in the financial institution influenced the investor’s trust, therefore, withdrew all their deposits. In this regard, the withdrawal led to a shortage of money available for economic circulation, hence, a decline in the money supply in the United States was experienced.

The Great Depression came to an end when the state created a federal government program of the nation. The programs were designed in a manner that they would enhance the creation of employment opportunities and insurance. Moreover, these programs help in safeguarding the economic status of the nation to prevent the occurrence of the depression. The establishment of such programs enhanced the growth in GDP and per capita income effectively.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

experts 450+ experts on 30 subjects ready to help you just now

delivery Starting from 3 hours delivery

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

The Start and End of the Great Depression in America. (2018, May 21). GradesFixer. Retrieved February 4, 2023, from
“The Start and End of the Great Depression in America.” GradesFixer, 21 May 2018,
The Start and End of the Great Depression in America. [online]. Available at: <> [Accessed 4 Feb. 2023].
The Start and End of the Great Depression in America [Internet]. GradesFixer. 2018 May 21 [cited 2023 Feb 4]. Available from:
copy to clipboard

Where do you want us to send this sample?

    By clicking “Continue”, you agree to our terms of service and privacy policy.


    Be careful. This essay is not unique

    This essay was donated by a student and is likely to have been used and submitted before

    Download this Sample

    Free samples may contain mistakes and not unique parts


    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.



    Please check your inbox.

    We can write you a custom essay that will follow your exact instructions and meet the deadlines. Let's fix your grades together!


    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Don't use plagiarized sources. Get your custom essay. Get custom paper

    We can help you get a better grade and deliver your task on time!

    • Instructions Followed To The Letter
    • Deadlines Met At Every Stage
    • Unique And Plagiarism Free
    Order your paper now