ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Effects of the Great Depression

Updated on August 12, 2012

Effects of the Great Depression

The overall effects of the Great Depression were felt on a global scale. All of the various countries ended up with problems due to not enough demand for their products. Only essential items such as food were being imported and exported. Consumers didn’t have the money to buy many of the other things that they used to. The prices for these commodities weren’t getting what they used to so it was hard to make any profit at all.


Unemployment rates were soaring as businesses and factories all over had to shut their doors. With no one to buy their products there was very little reason for people to stay on. At first many of them just cut down their hours and then the number of employees. As things progressed though the businesses had to shut their doors all together. There wasn’t the access to credit that there once was. The government wasn’t able to help these businesses to meet their debts and so everyone was left out in the cold. As a result of no money, many families found themselves living on the streets in poverty. Some parents choose to give their children to people that could care for them, and often the entire family was broken up. People died from hunger and illness while others seems to just give up on their desire to live. People also lost a great deal of faith in their government. They had always expected they would take care of them. Now there weren’t any programs in place to assist them. There just weren’t enough shelters or food banks to offer the vast amount of supplies people needed. Everyone was on their own and it was a very difficult type of life to try to live. Not all of the effects of the Great Depression were negative though. Many people learned some valuable things about managing their money and doing the best they could with what they had. Children from the depression grew up to be very imaginative and inventive. They also appreciated the things that they had access to in their life because they never forgot just how little they once had.

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      destiny 8 years ago

      THANKKK YOU! this article was awesome!

    • profile image

      7 years ago

      Very informative.

    • profile image

      mafia 7 years ago

      what!!!!!!!!!!!!!!!!!!!!!!!

    • profile image

      Frank444 7 years ago

      This article helped me a LOT!

    • profile image

      abc 6 years ago

      This article really helped me.

    • profile image

      owned893 6 years ago

      This really helped me with my school powerpoint :D

    • profile image

      Bob8276 6 years ago

      hahahaha im a very funny man! And thank you for this lovely article on the 1950's :)

    • profile image

      turdslinger 6 years ago

      Thanks this helped bro!

    • profile image

      aag9708 6 years ago

      awesome thanks for the info :)

    • profile image

      Jacky123 5 years ago

      Thanks I have to do hw on this!!!!!!!!!!!

    • profile image

      lil johnnty 5 years ago

      coooooooooooooooooool!!!!!!!!!!!!!!!!!!!!

    • profile image

      sonjah ferguson 5 years ago

      very informative and helpful . aha thanks made ma life a lil easier

    • profile image

      mamoona 5 years ago

      very informative

    • profile image

      Gary Mosher 5 years ago

      SWEEEEEEEETTTTTTTTTTTT ARTICLE BROOOOOOOOOOO

    • profile image

      Josh Stacey 5 years ago

      I really enjoyed reading this. Thank You. :)

    • profile image

      valerie143 5 years ago

      THANKS! HELPED A lot, AND FOR EVERY GUY READING THIS I AM THE SEXIEST GIRL YOU WILL EVER FIND!

    • profile image

      Josh 5 years ago

      Very informative article, good content,but the comments are weird. Please stop posting weird comments people they're giving me diabetes. :(

    • profile image

      Breezy 5 years ago

      This article was awesome it helped me SO much

    • profile image

      t''dow 5 years ago

      invyt soulprovider2012, the article helped me a lot

    • profile image

      yehr daddy flako 4 years ago

      this article is sooo cool n valerie i wuld love 2 meet u

    • profile image

      Julie 4 years ago

      Your hub is really very interesting. I need to share with you my story. My husband suffered severe bout of depression 6-8 months back. He had completely isolated himself from all of us. I was very much worried for him. I started giving him Prozac after reading this article. I can see some signs of improvement in him now. I hope he recovers fast.

      http://iurc.wikidot.com/10-reasons-to-take-anti-de...

      Thanks

    • profile image

      amazin gurl 4 years ago

      This was very helpful information. Thank you. I got a good grade on my project because of this. Good job publishers and information finders!

    • profile image

      adggasf 4 years ago

      i love this

    • profile image

      samantha 3 years ago

      give us the answers not junk

    • profile image

      Johnb650 2 years ago

      While think this kind of Real estate property industry hope against hope turn back in the positive course? Or maybe can it be at a standstill very young to tell? We're glimpse many terracing property foreclosures modish beckcagecfed

    Click to Rate This Article