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how did the great depression affect culture

by Jane Batz Published 3 years ago Updated 2 years ago
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And new forms of expression flourished in the culture of despair. The Great Depression brought a rapid rise in the crime rate as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition.

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How did the Great Depression change American culture?

When the Great Depression struck in 1929, the resulting New Deal economic reforms helped create a more unified national culture through collective struggle and common infrastructure. Faced with an unprecedented crisis, Americans pulled together like never before. This era saw a cultural explosion in terms of art and music.

How did the Great Depression affect the world?

The Great Depression was one of the major economic events in world history. It affected every sphere of life. The outcomes were such that they changed the face of world economy. This article deals in detail with the economic, political, social and cultural effects of this crisis and the process of restoration.

What were the effects of the Great Depression on agriculture?

Effect on Agriculture. Due to lack of subsidies and loans, farmers were unable to support mass produce leading to under-capacity output. Textile farming faced the major blow. The period served as a precursor to one of the worst droughts in modern American history that struck the Great Plains in 1934.

What factors led to the Great Depression of 1930s?

Four factors played roles of varying importance. (1) The stock market crash of 1929 shattered confidence in the American economy, resulting in sharp reductions in spending and investment. (2) Banking panics in the early 1930s caused many banks to fail, decreasing the pool of money available for loans.

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How did the Great Depression impact American culture industry and economics?

How did the Great Depression affect the American economy? In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.

How did the Great Depression impact the socio cultural and economic condition of the world?

The most devastating impact of the Great Depression was human suffering. In a short period of time, world output and standards of living dropped precipitously. As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s.

What effect did the Great Depression have on people's lives?

More important was the impact that it had on people's lives: the Depression brought hardship, homelessness, and hunger to millions. THE DEPRESSION IN THE CITIES In cities across the country, people lost their jobs, were evicted from their homes and ended up in the streets.

How did culture change in the 1930s?

Many factors such as technological advances, new dance styles, forms of music, radio programs and major events all contributed to the change of American culture during the 1930's. These particular changes influenced the everyday lives of many Americans and also introduced new values that challenged traditional ways.

How did the Great Depression affect American values and culture?

The Great Depression brought a rapid rise in the crime rate as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition. Prostitution was on the rise as desperate women sought ways to pay the bills.

What was the biggest impact of the Great Depression?

The U.S. economy shrank by a third from the beginning of the Great Depression to the bottom four years later. Real GDP fell 29% from 1929 to 1933. The unemployment rate reached a peak of 25% in 1933. Consumer prices fell 25%; wholesale prices plummeted 32%.

How did the Great Depression affect society as a whole?

5 days agoA third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted, international trade collapsed, and deflation soared. 3 It took 25 years for the stock market to recover.

What trends shaped American culture during the Depression?

What trends shaped American culture during the Depression? Wacky comedies, lavish musicals, love stories & gangster films all vied for the attention. Radio embodied the democratic spirits of the times. Realistic art was very big as well.

How did the Great Depression impact families?

The Depression had a powerful impact on family life. It forced couples to delay marriage and drove the birthrate below the replacement level for the first time in American history. The divorce rate fell, for the simple reason that many couples could not afford to maintain separate households or pay legal fees.

What was culture like in the 1930s?

The popular culture of the 1930s was fraught with contradictions. It was, simultaneously, a decade of traditionalism and of modernist experimentation; of sentimentality and "hard-boiled" toughness; of longings for a simpler past and fantastic dreams of the future.

How did the Great Depression affect different social classes?

Not being able to maintain their small fortunes, most were forced to lower levels of society. The effects of the Great Depression in the 1930s on the social classes in the south caused many people to move to the lower class. The Lower class was the poorest and largest class of people during the 1930s (Babb).

What impact did the depression have on the traditional success ethic of Americans?

What impact did the Depression have on the traditional success ethic of Americans? It actually kept it the same. Although some blamed their government for their tough situation, many americans blamed themselves for their joblessness and were still driven to succeed and get themselves out of the situation they were in.

What was a social impact of the Great Depression quizlet?

what were the social effects of the depression? the great depression caused many people to lose their jobs along with their income. this caused many families to loose their homes and not be able to buy food. the marriage rate and birth rate went down during the depression.

How did the Great Depression affect different social classes?

Not being able to maintain their small fortunes, most were forced to lower levels of society. The effects of the Great Depression in the 1930s on the social classes in the south caused many people to move to the lower class. The Lower class was the poorest and largest class of people during the 1930s (Babb).

What were the causes and effects of the Great Depression?

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

Why were conditions for African Americans and Latinos especially difficult during the depression quizlet?

For who were conditions especially difficult? Latinos and African Americans; their unemployment rates were higher, and they were the lowest paid. They also dealt w/ increasing racial violence from unemployed white competing for the same jobs. Whites demanded that Latinos be deported.

How did the Great Depression affect the economy?

People Unemployed queued in line to get food during the Great Depression: Source. The Great Depression was unparalleled regarding its far-reaching effects on every aspect of American life. It not only destroyed the economic system of America which was inherently weak and fragile but also gave them a chance to rebuild it anew along the modern line.

What was the effect of unemployment during the Great Depression?

The rate of unemployment skyrocketed during the Great Depression. Millions of people lost their jobs. The result was that they couldn’t pay the rent of their houses, or support their family and even feed themselves. People flocked together in single apartments, and affording a separate home was difficult.

What was the industry in the 1930s?

The Hollywood industry flourished in the 1930s. Films were a tremendous source of entertainment. Along with the film industry, radio also flourished in those days. People who owned a radio during the time listened to radio extensively.

What happened before the dust bowl?

Before the dust bowl, the farmers borrowed money from banks to buy seeds upon the condition of paying back with interest when their crops came in. The dust bowl damaged the crops that reduced the ability of the small farmers to feed themselves; let alone pay their debts back.

Why did people leave their homes?

The loss of the job compelled many Americans to leave their homes. They couldn’t pay the rent and were out in the streets — homeless. It was intolerable for many, as they had never been homeless. So, they did anything to keep a roof over their head.

Why did people take to alcoholism?

People took to alcoholism to find an escape from the harsh realities of life. Desperate women took to prostitution to pay their bills. It was a time of great uncertainty and depression. The recession wiped out many great businesses, while paved the way for the emergence of others.

Where did the population of the Great Plains migrate to?

The population of the Great Plains migrated to Arizona and California. Rural New England and upstate New York also lost most of the population to other states in search of new life. The migrants were most of the time the younger population who left their families ran away to make their destiny somewhere else.

What was popular culture in the 1930s?

Popular culture. The indifference to politics and to the larger social concerns of the 1930 s was reflected as well in the popular culture of the decade. In contrast to the prosperity of the Roaring Twenties, the 1930s emphasized simplicity and thrift. Although styles tended to reflect the glamour of contemporary movies, ...

What was the name of the game that became popular during the Great Depression?

A 1935 edition of the board game Monopoly. It became a popular amusement during the Great Depression.

What was the music of the 1930s?

Some of the music of the 1930s tried to assuage the social suffering. Indeed, from Lew Brown and Ray Henderson’s “Life Is Just a Bowl of Cherries” (1931) to Al Dubin and Harry Warren ’s “We’re in the Money” (1933), many of the era’s popular songs were suffused in buoyant optimism. The emphatic “Happy Days Are Here Again” (1929) could be heard just about anywhere, whether as a political jingle for Roosevelt’s 1932 presidential campaign or as the theme song for the Your Hit Parade radio show, launched in 1935. By mid-decade the Benny Goodman Orchestra had ushered in the swing era, popularizing a style of big band jazz that had been pioneered a decade earlier by African American ensembles led by Fletcher Henderson and Duke Ellington. Dance-oriented and relentlessly upbeat, swing was not a palliative for hopelessness; it was tonic for recovery.

How did the Great Depression affect the American culture?

The first indication of the greatest negative impact of Great Depression on the history and the culture of the Americans was the changes on the way of life that the Americans adopted with the occurrence of the depression. Americans had their mentality changed and they had to prepare for the worst that was to come. They knew that hard economic times were awaiting them and this brought a high level of desperation. This change of attitude and mentality was characterized by high level of desperations which was evident by their changed lifestyles. In addition, to the changes in spending habits of the Americans, the artistic presentation, majorly in the songs that were produced at the time, highly signaled this level of desperation. An example is the song “Brother, can you spare a dime,” which was a song authored by Bing Crosby in the year 1932 when the Great Depression effects were at their peak. The song encapsulates a high level of desperation that the Americans were going through, it was a period of scarcity to an extent of being not able to save a coin. This was a marked shift from an era whereby they had riches and economic prosperity in 1920s and “their survival required not only physical but also mental conditioning” (Ryder et al. 300; par. 1). They thus changed their lifestyles and spending habits to be able to fit into these times. They were mentally conditioned so that they could deal with hunger and scarcity and such songs in this period of time were to create such mental preparation. There was a decline in the number of birth rates with many of the families opting to have a single child. There was reduction in the divorce rates with many of the partners opting to abandon their spouse which was a cheaper strategy compared to divorce (Bordo et al. 1463). More people turned to mass media whereby they would get consolation; with certain plays such as the Tobacco Road by Broadway recording high level attendance and various radio shows such as The Green Hornet and The Lone Ranger gaining popularity due to the consolation they would offer to the Americans and not because of the cheap funding.

What was the Great Depression?

The Great Depression refers to the economic downturn that occurred in the year 1929, and lasted until the year 1939, with the industrial production in the United States declining by 47%, and the gross domestic product recorded a fall of 30% between the years 1929 to 1933 (Eichengreen 189). While the Great depression originated in the United States, it led to declines in the economic output, high level of deflation and also increased unemployment in many countries across the globe. This period was the longest, and marked by severe depression, which was being experienced in the industrialized world. The depression was caused by a number of factors, such as, monumental decline in the spending, panics in banking institutions and failures, excessive stock speculation in the United States, as well as the maintenance of the international gold standard among other factors (Cohen 236). In addition, to negative economic impacts created by the occurrence of the depression; numerous negative social and cultural implications were evident. This was particularly in the United States whereby the Americans had to be prepared to deal with the worst and the harshest adversity they had ever experienced since the civil war.

How did the cultural change affect the 1930s?

The second instance of the impact of the cultural changes was the massive migration which was being recorded during the 1930s. In this era, individuals would in large masses, pack their belongings; taking their families with them on roads and other public places. Their aim in doing so was based on an expectation that they would get ‘greener pastures’ and not majorly on the other factors such as, cultural diversity, which could have seen them move in other years before the occurrence of Great Depression. Thus, American populations highly migrated from the rural unproductive areas, which they believed to be poverty stricken, to urban centers. This created numerous negative impacts, such as the breakdown of the family ties, increased pollution in the cities, a decline in the agricultural production, as well as increased crime rates. The migration was “highly uprooting families and changing their cultural milieu in was that the families would never reform” (Abramovitz 390; par. 3). These numerous effects were echoed by various writers of the time, which was a shift from the emphasis of economic and prosperity, which had been emphasized by the writers in the 1910s and 1920s during the time of economic prosperity. Such is excellently represented in the John Steinbeck’s work i.e. Grapes of wrath. Many other writers wrote various books illustrating of the impact of the Great Depression on the family and society framework. The books written at this time focused on providing the Americans with the new challenges they were likely to face amidst this era characterized by massive migrations (Bernanke 251).

What were the counterarguments about the Great Depression?

Counterarguments have been raised to explain the changes in the American culture during the 1930s, with some of the scholars arguing that the change in culture was not caused by the Great Depression. The first argument is held on the basis that such changes in the culture particularly evident in arts and literature, ...

What was John Steinbeck's work about?

Such is excellently represented in the John Steinbeck’s work i.e. Grapes of wrath.

What is John Steinbeck's book Grapes of Wrath about?

Grapes of wrath. Many other writers wrote various books illustrating of the impact of the Great Depression on the family and society framework.

What were the demographic changes in the 1930s?

Marriages were delayed as many males waited until they could provide for a family before proposing to a prospective spouse. Divorce rates dropped steadily in the 1930s. Rates of abandonment increased as many husbands chose the "poor man's divorce" option — they just ran away from their marriages. Birth rates fell sharply, especially during the lowest points of the Depression. More and more Americans learned about birth control to avoid the added expenses of unexpected children.

What movies were made during the Great Depression?

Classic films like Frankenstein, It Happened One Night, and Gone with the Wind debuted during the Great Depression. Radio flourished as those who owned a radio set before the crash could listen for free. President Roosevelt made wide use of radio technology with his periodic "fireside chats" to keep the public informed. Dorothea Lange depicted the sadness of Depression farm life with her stirring photographs.

What movie entertained Americans by the thousands despite the hardships brought by the Great Depression?

Films like The Bride of Frankenstein (1935) entertained Americans by the thousands despite the hardships brought by the Great Depression.

What were the effects of the Dust Bowl on the 1930s?

Mass migrations continued throughout the 1930s. Rural New England and upstate New York lost many citizens seeking opportunity elsewhere. The Great Plains lost population to states such as California and Arizona. The Dust Bowl sent thousands of "Okies" and "Arkies" looking to make a better life. Many of the migrants were adolescents seeking opportunity away from a family that had younger mouths to feed. Over 600,000 people were caught hitching rides on trains during the Great Depression . Many times offenders went unpunished.

How many people were hitching rides on trains during the Great Depression?

Many of the migrants were adolescents seeking opportunity away from a family that had younger mouths to feed. Over 600,000 people were caught hitching rides on trains during the Great Depression. Many times offenders went unpunished.

What was the cause of the Great Depression?

The beginning of the Great Depression after the Black Tuesday stock market crash in the autumn of 1929 saw tensions rise between the rich and poor. Not surprisingly, much of the blame for the intense recession was placed on the rich, and historians view the record economic inequality of the era for making the suffering worse than it would have been. Prior to the presidential inauguration of Franklin D. Roosevelt in March 1933, which began the New Deal economic reforms, much resentment hinged on the fact that poverty relief was predominantly believed to be the domain of local charities and wealthy donors. Violence sometimes erupted when workers attempted to unionize and protect their jobs, putting them at odds with wealthy factory owners and their hired security forces.

What was the role of government in the Great Depression?

By the mid-1930s, a strong majority of Americans were in agreement on the role of government in regulating and stimulating the economy. In autumn 1932, after more than two years of the Great Depression, voters overwhelmingly chose Democratic presidential candidate Franklin D. Roosevelt. In a groundbreaking move, Roosevelt, known colloquially as “FDR,” promised vigorous federal action to help the economy. His rival, incumbent Herbert Hoover, stuck with traditional Republican values of leaving aid up to state and local organizations.

What was the economic divide in the 1920s?

While the Roaring Twenties was seeing a growing urban/rural divide, a second divide was also widening: an economic divide between rich and poor. Although the 1920s saw an increase in economic growth overall, much of it was concentrated in the hands of a small group. In 1928, the “income gap” was at its greatest extent, with the wealthiest families making much, much more than middle class and poor families. With few regulations on business and low tax rates, the decade was a boon for the wealthy, and they saw their share of America’s total income rise substantially.

What were the benefits of the New Deal?

The New Deal was an opportunity to develop the underdeveloped areas of the country, and the Rural Electrification Act of 1936 provided federal loans to help ensure affordable electricity in rural areas. New Deal agencies like the Tennessee Valley Authority, or TVA, created power plants to provide new energy sources in the South and West. The Hoover Dam, completed in 1935 as a New Deal infrastructure project, was the largest project in the world at the time and provided electricity to Nevada, Arizona, and California. These massive projects to ensure that all Americans could enjoy the benefits of electricity helped reduce the urban/rural cultural divide and unite citizens through shared mediums like radio, television, and telephone.

What was the New Deal in the 1920s?

When the Great Depression struck in 1929, the resulting New Deal economic reforms helped create a more unified national culture through collective struggle and common infrastructure. Faced with an unprecedented crisis, Americans pulled together like never before.

How did prohibition affect the 1920s?

The conservative 1920s, which saw Prohibition keep Americans sober by banning liquor, crumbled under the stresses of the Great Depression. Faced with unprecedented economic woes, millions of people sought temporary escapes. With the end of Prohibition in 1933, another source of escapism arose in the form of electric entertainment. Despite widespread unemployment and bank failures, Americans were willing to spend on music and movies. A growing array of film genres appealed to those who wanted comedy or action, and higher-quality films were made by major studios. By 1939, the film industry had grown to become the 11th-largest industry in the country!

What was the New Deal during the Great Depression?

The Great Depression initiated New Deal projects to develop impoverished parts of the United States, crafting a cohesive national culture.

How did the Great Depression affect the world?

It affected both countries that exported raw materials and the industrialized countries. It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imports. World Trade collapsed with trade in 1939 still below the 1929 level.

What was the Great Depression?

The ‘Great Depression’ was a period in History when business was weak and many people were out of work. The Great Depression began on 29th October 1929, when the stock market in the United States crashed. It quickly turned into a worldwide economic slump owing to the special and close relationships that had been developed between the United States and European economies after World War I. It was the industrialized western world’s longest and most severe depression ever experienced. It ended with the arrival of the War Economy of World War II which began in 1939.

What countries were affected by the Great Depression?

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. In Germany, weak economic conditions led to the rise to power of Adolf Hitler.

How did the 1930s affect the world?

International commerce declined quickly. There was a sharp reduction in tax revenues, profits and personal incomes. It affected both countries that exported raw materials and the industrialized countries.

What was the inequality standard in the Great Depression?

The Great Depression established the inequality standard at an all-time high which was used as a yardstick for many years, but 2007 and 2008 witnessed the world reach a new standard of wealth inequality that challenged that of 1929. In form and consequences, the two crisis were completely different.

Why did people move to other countries during the Great Plains?

It reshaped the whole American scenario, people relocated to other countries in search of better employment opportunities and increased standard of living. Many shifted to California and Arizona to save themselves from the adversities of the Great Plains. This movement paved the way for various cultural changes resulting in the diversities we witness today.

What was the positive outcome of the whole Depression?

A positive outcome of the whole Depression was the emergence of labor unions and the concept of welfare state. It brought the trend of collective bargaining used during that phase to voice the concerns of the labor distress, which is a well-defined form of communication in companies today.

How did the Great Depression affect the economy?

The economic impact of the Great Depression was enormous, including both extreme human suffering and profound changes in economic policy.

What was the Great Depression?

The Great Depression, which began in the United States in 1929 and spread worldwide, was the longest and most severe economic downturn in modern history. It was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness.

What countries were in the Depression?

The Depression affected virtually every country of the world. However, the dates and magnitude of the downturn varied substantially across countries. Great Britain struggled with low growth and recession during most of the second half of the 1920s. The country did not slip into severe depression, however, until early 1930, and its peak-to-trough decline in industrial production was roughly one-third that of the United States. France also experienced a relatively short downturn in the early 1930s. The French recovery in 1932 and 1933, however, was short-lived. French industrial production and prices both fell substantially between 1933 and 1936. Germany ’s economy slipped into a downturn early in 1928 and then stabilized before turning down again in the third quarter of 1929. The decline in German industrial production was roughly equal to that in the United States. A number of countries in Latin America fell into depression in late 1928 and early 1929, slightly before the U.S. decline in output. While some less-developed countries experienced severe depressions, others, such as Argentina and Brazil, experienced comparatively mild downturns. Japan also experienced a mild depression, which began relatively late and ended relatively early.

What was the downturn in 1929?

The downturn became markedly worse, however, in late 1929 and continued until early 1933. Real output and prices fell precipitously. Between the peak and the trough of the downturn, industrial production in the United States declined 47 percent and real gross domestic product (GDP) fell 30 percent.

What countries did the recovery of the world begin?

Recovery in the rest of the world varied greatly. The British economy stopped declining soon after Great Britain abandoned the gold standard in September 1931, although genuine recovery did not begin until the end of 1932. The economies of a number of Latin American countries began to strengthen in late 1931 and early 1932. Germany and Japan both began to recover in the fall of 1932. Canada and many smaller European countries started to revive at about the same time as the United States, early in 1933. On the other hand, France, which experienced severe depression later than most countries, did not firmly enter the recovery phase until 1938.

When did Japan's price decline?

Virtually every industrialized country endured declines in wholesale prices of 30 percent or more between 1929 and 1933. Because of the greater flexibility of the Japanese price structure, deflation in Japan was unusually rapid in 1930 and 1931.

What were the factors that affected the economy in the 1930s?

Four factors played roles of varying importance. (1) The stock market crash of 1929 shattered confidence in the American economy, resulting in sharp reductions in spending and investment. (2) Banking panics in the early 1930s caused many banks to fail, decreasing the pool of money available for loans. (3) The gold standard required foreign central ...

How This Low Point in US History Still Affects You Today

The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted, international trade collapsed, and deflation soared. 3 It took 25 years for the stock market to recover.

Economy and Gross Domestic Product (GDP)

During the first five years of the depression, the economy shrank by 50%. In 1929, economic output was $105 billion, as measured by gross domestic product (GDP). That's equivalent to more than $1 trillion today. 4

Politics

The Depression affected politics by shaking confidence in unfettered capitalism. That type of laissez-faire economics is what President Herbert Hoover advocated, and it had failed.

Social

The Dust Bowl drought destroyed farming in the Midwest. It lasted 10 years—too long for most farmers to hold out. To make things worse, prices for agricultural products dropped to severely low levels. 12 As farmers left in search of work, they became homeless. Thousands of people with no money gathered in "cardboard shacks" called Hoovervilles. 13

Unemployment

In 1928, the final year of the Roaring Twenties, unemployment was 4.2%. That's less than the natural rate of unemployment. By 1930, it had more than doubled to 8.7%. By 1932, it had increased to 23.6%. It peaked in 1933, reaching up to around 25%. Almost 15 million people were out of work.

Banking

During the Depression, a third of the nation's banks failed. 1 By 1933, 4,000 banks had failed. As a result, depositors lost $140 billion. 16

Stock Market

The stock market lost 90% of its value between 1929 and 1932. 18 It didn't recover for 25 years. People lost all confidence in Wall Street markets. Businesses, banks, and individual investors were wiped out. Even people who hadn't invested lost money. Their banks invested the money from their savings accounts.

What was the impact of the Depression on agriculture?

He saw that low prices were brought about by surplus production. The federal government adopted a policy that would guarantee farmers a higher-than-market price for their crops and livestock if they would reduce their production. The Agricultural Adjustment Act began sending much needed checks to farmers who would sign up for the system, and the money was a great stimulant to the economy. It saved many a farm from foreclosure.

What was the worst economic depression in history?

All parts of the nation were faced with the worst economic depression in history in 1929. Iowans suffered along with the rest of the nation. This video from Iowa Public Television explains causes and effects of the stock market crash of 1929.

What caused the largest migration in American history?

During the Great Depression, a series of droughts combined with non-sustainable agricultural practices led to devastating dust storms, famine , diseases and deaths related to breathing dust. This caused the largest migration in American history.

Why did livestock die in the Great Plains?

Livestock died for lack of food and water. West of Iowa, on the Great Plains, lands that could no longer sustain the grasses that held the soil in place began to lose topsoil to the strong hot winds. So much dust was picked up that soon great dark clouds, not of rain but of soil particles, began to drift eastward.

Why was the stock market so bad in the 1920s?

However, not everyone saw the pattern emerging. Many thought that because the stock market had been on a sustained upswing, it was a good place to invest money. When it became obvious that the price of stocks far outpaced their productive capacity, investors lost confidence and began selling before prices dropped further. Panic ensued, and the market dropped sharply. With factories closing and banks failing, unemployment continued to rise. Without the safety nets of today like Social Security, many families found themselves without income, losing their homes and facing poverty. The situation during the 1920s was bad; it got much worse in the 1930s.

What caused the land bubble to burst?

The farmers, however, continued to produce at near record levels creating surplus commodities that sent prices plummeting. Until then, land prices had been rising rapidly as farmers and non-farmers saw buying farms as a good investment. With the collapse of farm prices , the land bubble burst, often dropping the market value of the land well below what the investor owed on it. The post-war depression did not start with the Stock Market Crash of 1929. For the Midwest, it started in 1921, and farmers and the small towns that depended on the land were hit hard.

When did the post-war depression start?

The post-war depression did not start with the Stock Market Crash of 1929. For the Midwest, it started in 1921, and farmers and the small towns that depended on the land were hit hard. In the 1920s, only slightly less than half of the U.S. population lived on farms.

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