The Great Depression American Samoa Community College

The Great Depression Anne-Marie Seui American Samoa Community College Abstract The Great Depression was a time of major distress for economies all over the world. The duration of this tragic time in history was from 1929-1939. It is known as the worst and longest depression in America’s economic history. It brought poverty and devastation to so many hardworking individuals. It lasted for about ten years as America and places all over the world tried to boost economic growth in civilization and wealth. Much of businesses, farming, and means of income began to fall short. America had dug a big ditch she could not get herself out of. Who would help restore America and put herself back to where she once was? America was at†¦show more content†¦Money does not buy everything neither does it last forever. One day America had the world at her feet the next she was serving the world. America came from riches to rags. What we choose to blind ourselves with in fame and fortune, we also choose to blind ourselves from poverty and destruction. Even after havi ng built ladders to success and being at the height of that level, it is evident that there will be times of difficulty and major falls. America built herself on the throne but failed to rule her country with order and extra plans to defend her crown. The Great Depression stepped up to the throne and watched America collapse within a short few years of having risen. America At Her Lowest On October 24, 1929, America lost almost everything she owned. Business owners and breadwinners of the â€Å"Roaring Twenties† had their businesses fall and received little or nothing at all from consumers. People had no longer gotten money when the stock market crashed. It was either the business people had over stocked their stores and people could not keep up with them raising prices or they just had no source of income at all. Production slowed down because people could not meet the needs of storeowners. Millions of people were laid off of their jobs because the government could not keep up with paying their employees. Those who were already poor and lived in