This economic catastrophe hit the humans in the worst way possible. In countries such as Germany and Japan, reaction to the Depression brought about the rise to power of militarist governments who adopted the aggressive foreign policies that led to the Second World War. It set the wheels rolling towards the end of international gold standards and consequently the emergence of the fixed exchange rate system. It’s an economic slump, a time of hardship. It affected every sphere of life. What is a depression? These events caused panic within America.Poverty and homelessness rose in the United States as well as many other countries.Poverty and unemployment caused by the Great Depression created drastic changes in social ways.It also had an effect on all kinds of people living during this time as well as brought devastation, which impacted everyday lives. This resulted in a sudden rise in the crime rate. Due to lack of subsidies and loans, farmers were unable to support mass produce leading to under-capacity output. There are a few things that caused the Great Depression. In order to control inflation, consumption was restricted by rationing and trade controls. Acasestudy.com © 2007-2019 All rights reserved. The ratification of the 19th Amendment was a good even that happened during the Great Depression, as this amendment allowed women to vote. We'll assume you're ok with this, but you can opt-out if you wish.

Higher education was beyond anyone’s reach which resulted in contraction of the student bodies in all the universities.

your own paper. Many shifted to California and Arizona to save themselves from the adversities of the Great Plains. Malnutrition was one of the severe outcomes of the Depression. Here, at ACaseStudy.com, we deliver professionally written papers, and the best grades for you from your professors are guaranteed! The Great Depression of 1929 devastated the U.S. economy. This led to decrease in the standard of living pushing the economy further into the depth of the Depression. The theory means that if one person foolishly pays too much for a stock, he could always sell it to a bigger fool for a bigger price. World Trade collapsed with trade in 1939 still below the 1929 level. Welcome to the world of case studies that can bring you high grades! These cookies will be stored in your browser only with your consent.

Another positive effect of the Depression is the health benefits that came with the economic hardships. And new forms of expression flourished in the culture of despair. The Japanese invaded China and developed mines and industries in Manchuria.

By continuing we’ll assume you board with our, Effects of the Great Depression on the Lower Class, How The North-East Was Affected By The Great Depression, Argumentative Essay – The Great Depression Indirectly Led to the Outbreak of the Second World War, China’s One child policy and its Impacts on Population and Society, Negative Effects of Technology on Society, Cyberbullying's Negative Affect on Society and Teens, How to secure financing as a small business owner, How to Make a Business Plan for Any Business, 7 Crucial Macro Environment Factors to Include in Your Analysis, Macro Environment Examples in the Real World. As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s. As for the uneven distribution of wealth, it meant that the rich were getting richer, while the poorer were getting poorer due to the favoritism. This website uses cookies to improve your experience. In a short period of time, world output and standards of living dropped precipitously.

It naturally had disastrous consequences, but it brought about certain positive changes, too. These children had to risk their lives to find employment so that their families could survive.In the end, most of them could not even find work because of the lack of job opportunities available.Not having necessities caused by poverty impacted the crime rates across America. Would you like to get a custom case study?

It affected both countries that exported raw materials and the industrialized countries. If we analyze the Great Recession of 2008 and the 1930s’ Depression where the gold showed an acidic rise, it is clear that the gold standard was a completely different problem in comparison to the fiat free-floating US dollar currency of 2008 crisis. We also use third-party cookies that help us analyze and understand how you use this website. We've created informative articles that you can come back to again and again when you have questions or want to learn more!

Providing for families instantly becomes more challenging due to an inability to acquire food and necessities.Social effects of poverty may also include negative mental health and depression, especially if one is going through this alone.Even though not all parts of the Great Depression were negative, poverty and unemployment resulted in unfavorable circumstances. Sign up to receive the latest and greatest articles from our site automatically each week (give or take)...right to your inbox. In addition to adults, children were also greatly impacted by the Great Depression and all of its calamities.The previously mentioned Boxcar Children lived very dangerous lifestyles that children should not have to live.Their lives were not easy due to the hard lives they lived in order to get money. In America, the Great Depression had many adverse effects on human life.Many parts of life for people of all ages were impacted because of this.The main cause of struggle at this time was due to poverty.Poverty and unemployment can lead to social crisis and a harder life. With this, several other acts like the Security Exchange Act of 1933, the Glass-Steagall Act, Emergency Relief and Construction Act, etc., were introduced as corrective measures. During this period 25 percent of the population was unemployed, trade with other countries dropped by 65 percent, and the prices of houses rose more than 30 percent. The stem of both the crisis was same, but the outcome was different. This low economic point in America caused a rise in physical health as well as strengthened marriages.In a study that was conducted by the United States Federal News Service, a few aspects of health were studied.The data showed that cardiovascular, respiratory and other indicators of health improved during this time.The document entitled “Life and Death During the Great Depression” by the United States Federal News Service states, “In addition, economic expansions are also associated with increases in atmospheric pollution which has well-documented short-term effects on cardiovascular and respiratory mortality” (US Federal News Service 1).Since there was a lack of economic expansion, many aspects of physical health could thrive.

Get Your Custom Essay on, The Great Depression: Its Effect On Society, By clicking “Write my paper”, you agree to our, Topic: The Great Depression: Its Effect On Society, https://graduateway.com/the-great-depression-its-effect-on-society/, Get your custom They dealt with more gruesome accidents and injuries that children, or anyone for that matter, should have to deal with.These children also had to worry about getting caught by the police.Many times, they never even received any work, since most possible employers were also in a crisis.In the article, “Teen Hobos of the 1930s” by Kristen Lewis, the text states, “There was also the potential hazard of being sucked under the train and crushed to death” (Lewis 7).This was one of the many tragedies that could occur.They were also faced with injuries that were life threatening.

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