Facts about Life in America in the 1930s tell the readers about the great depression, which took place in United States in 1930s. Actually, this economic depression also occurred in other parts of the world. It usually began in 1929 and ended in the end of 1930s. However, the timing of this depression was varied among the countries. In 20th century, Great Depression highlighted the deepest and longest economic depression. It is often used as the best example to explain the effect of the Great Depression in the global economy of 21st century.
Facts about Life in America in the 1930s 1: the beginning of Great Depression
Great Depression was traced back in United States. On 4 September 1929, the stock prices fell off. On 29th October 1929, the stock market crashed which earned the global attention. The latter event was called Black Tuesday.
Facts about Life in America in the 1930s 2: the global GDP
The fell of the global GDP was estimated around 15 percent in 1929 until 1932. The fell was high if it is compared with the Great Recession, which occurred in 2008 until 2009 for the latter one declined less than 1 percent.
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Facts about Life in America in the 1930s 3: recovering the Great Depression
By the mid-1930, the economists tried hard to recover the effect of Great Depression. It seems that the recovery took a very long period. Some countries in the world had to deal with it until the onset of the Second World War.
Facts about Life in America in the 1930s 4: the effects
The effects of Great Depression in America were perceived not only by the poor people, but also by the wealthy people.
Facts about Life in America in the 1930s 5: the unemployment rate
The unemployment rate in United States was increased by 25 percent. It increased to 33 percent in other countries in the world.
Facts about Life in America in the 1930s 6: the effect
The effect of Great Depression was also spotted on the dropped prices, profits, tax revenues and personal income. The drop of the international trade reached 50 percent.
Facts about Life in America in the 1930s 7: the heavy industry
The cities with the primary economy centered on the heavy industry were severely affected.
Facts about Life in America in the 1930s 8: the cause
Whether the crash of stock market in US is the cause or symptom of Great Depression is still disputed.
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Facts about Life in America in the 1930s 9: severe drought
The life was hard in 1930s for the American people. Besides the Great Depression, they had to face the severe drought in the farmland.
Facts about Life in America in the 1930s 10: the automobile sales
The decline was also seen in the sales of automobiles in the mid-1930s.
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