The Great Depression

The Great Depression is when America's economy dropped and created an economic downturn which  started in 1929 and lasted all the way to 1939. There were steep declines in the industrial output because consumer spending and investment dropped. People started spending less and this lead to piles of unsold goods. Farmers didn't have enough money to harvest their crops which meant they had to leave their crops to rot leading to piles of unsold goods. Piles of unsold goods are bad for businesses and its workers because if nothing is being brought, no money will be made. Along with the drop of consumer spending, banks also lost a lot of their money. Investors demanded cash from the banks and led to many closed doors of banks because they lost a lot of money. In conclusion, The Great Depression led to rising numbers of homeless in the streets of America and many unemployed citizens.

After 1935, America started to get back on its feet. There were programs and institutions that helped people get there life back together after The Great Depression. During years 1935-1943 the WPA help 8.5 million people get permanent jobs. Tennessee Valley Authority (TVA) built dams and hydroelectric projects to control flooding and provide electric power to the Tennessee Valley region of the South. During the spring of 1933, after showing signs of recovery, America's economy continued to improve throughout the next 3 years. Along with the job increase, The Great Depression helped America become even more employee friendly. In 1935 Congress passed a Social Security Act which insured safety. Also, after The Great Depression industrial production started to rise, creating a reduced unemployment rate that was even lower than what it was before The Great Depression. In conclusion, The Great Depression was not all a bad thing.