What is the Great Depression? Basically, it was the worst and longest economic collapse in the world’s history that was initiated mainly because of the stock market crash. There are other reasons that caused this unfortunate period so that it’s hard to point only one factor. You should focus on the right combination of different worldwide and domestic conditions that resulted in the Great Depression. Besides, its effects were quite detrimental all over the world because they led to the New Deal and increasing extremism that resulted on WWII.
It’s not a secret that the Great Depression challenged many families in different ways, thus placing devastating psychological, social, economic, and other hardships on them. That’s because the families of different racial, class, regional, and ethnic backgrounds responded to these demands and stressed in different ways. One of the worst effects of the Great Depression is that an average family income dropped considerably. Many people lost all of their savings because national banks collapsed, they couldn’t make their rent and mortgage payments so that families ended up evicted from or deprived of their homes. Keep in mind that both middle and working classes were affected by this harsh period considerably.
The Great Depression led to hardships in cultural and social areas, so think about mass migrations that reshaped the US mosaic. Pay attention to a fast and incredible rise in crime rates because there were many unemployed workers who had no other choice than a petty theft to out some food on their tables. Moreover, suicide rates were very high in addition to multiple reported cases of people’s malnutrition.
Another hardship of the Great Depression is that prostitution was on its rise because many women were desperate and looking for possible ways to cover their regular bills. In general, healthcare wasn’t a top priority for many people in this period. Alcoholism increased because Americans were looking for new ways to escape from their harsh reality. Smoking was too expensive so that people had to get rid of this habit because they had no money to pay for cigarettes.
In addition, higher education remained a dream for many Americans, but high school attendance increased. The prospects of young people to get any job were very dim so that most of them decided to stay at school for longer. Take into account that demographic rates changed considerably too because marriages were delayed.
What is the Great Depression? Basically, it was the worst and longest economic collapse in the world’s history that was initiated mainly because of the stock market crash. There are other reasons that caused this unfortunate period so that it’s hard to point only one factor.