The Great Depression

The Great Depression
The Great Depression of 1929 that lasted until 1942 was a very dark era in the history of the Unites States. Many people were ruined, killed, or simply devastated by the events that occurred during those dark years in the 1930s.
But the seed that sprouted into the Great Depression was planted early in the 20th century. World War I caused a vast demand by Europe for American goods. These goods were sold to Europe on a credit basis due to the lack of ability to pay on account of the after effects of the war. This was widely accepted among Europeans and Americans and seemed to be a good idea. The truth behind all these loans was a vast accumulation of debts which would ruin the United States within the next few years.
When the stock market crashed in 1929 it sent the United States into a downward spiral. Thousands of workers were laid off and without the benefits of welfare, money income fell by 53% and the American worker was up the creek without a ...