Great Depresion

Great Depresion

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Great depression

Since some weeks ago we are living a situation that is affecting us, the great depression is already here, for the ones that doesn't know is the situations that all the world is living originating here in the United States. A big cause was the economics problems after the war in many countries because they have to pay their war debts and reparations as Europe began to rebuild, additionally banks that did not fail did suffer. The banking system was not prepared to absorb the shock of a major recession. Furthermore, many academics believe that the government failed to take the appropriate actions to restore stability to the banking system and to calm people's fears about the possibility of bank failures. A big effect that we are living is how people is being forced to stop working and economic production declined by almost 50%.Thousands of farmers left their homes in states like Oklahoma and Arkansas and headed for the promise of better days in the West, especially California. What they found there, however, was most often a backbreaking existence as migrant laborers, living in squalid camps and picking fruit for starvation wages. As we can see in Uk, the impact have been so bad like In the in industrial areas, the effect is large because the demand for their products collapsed. The effects on the industrial areas and the coal mining areas of Britain are immediate and devastating, as demand for their products collapsed. As we can see, France did not suffer as much as other countries because it did not rely as much on trade unemployment was high and led to civil unrest and Germany received loans from American to rebuild their economic system. But now we can appreciate how these loans stopped. This caused unemployment to climb and the political system to turn to extremism. In United States Roosevelt promised a "New Deal" under which the government would intervene to reduce unemployment by work-creation schemes such as street cleaning and the painting of post offices. I invite you to collaborate with the government in things that they are doing to help us and ameliorate the situation, for example Roosevelt government that want to finish this horrible scene that everyone is being affect.

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