The Economy Collapsed And The Great Depression - 1207 Words

The Government needed to earn money to participate in the war, and so the government raised taxes.The Government raised enough money, more than $25 billion. Prices went up on food and fuels, before the war you paid 25 cents for a loaf of bread and after the war you paid $2. The economy was strong in the US, this period is often called The Roaring 20s. The government s debt shrunk, and there was also a rise in profits, what helped make some people rich. The price that farmers could get for their crops fell, and the farmers didn t have enough money to buy more land. The US economy collapsed and the Great Depression began. The value of stocks fell, and some even lost all their value, this was called Black Tuesday. During the Great†¦show more content†¦Great Depression was a worldwide economic slump of the 1930 s. The Great Depression happened to do a considerable measure with the economy, Including the business numbers dropping en ormously. The Great Depression ranked as the worst and the longest period of high unemployment and low business activity in the 1900 s. Banks, factories, and shops closed. Millions of people were left jobless and penniless. unemployment had risen from 8 to 15 million (roughly 1/3 of the non-farmer workforce) and the gross national product had decreased from $103.8 billion to $55.7 billion. Many people had to depend on the government or charity to provide them with food. The Great Depression of the 1930s hit Mexican migrants particularly hard. Alongside the employment emergency and food shortages that influenced all U.S. laborers, Mexicans and Mexican Americans needed to face an extra danger: deportation. Mexicans were offered free train rides to Mexico, and some went deliberately, however numerous were either deceived or forced into repatriation, and some U.S. subjects were ousted just on suspicion of being Mexican. All things considered, a huge number of Mexican foreigners, partic ularly farmers, were conveyed of the nation amid the 1930s- -large portions of them the same workers who had been enthusiastically enrolled 10 years prior. Summer temperatures soared to record highs, and crop prices fell to record lows. On the Great Plains, the