The Great Depression was the worst and longest economic collapse in America. There were quite a few reasons that led to the Depression, and quite a few events that happened as a result of the Depression. There were four factors that can be labeled as the chief causes for the Great Depression. Around the time of the Depression, America had gained huge war debts, and the government, against all advice to the contrary went ahead and passed legislation that gave high taxes on American businesses and towards the public. There was also, around the same time, a great difference in the amount of wealth Americans held. The rich grew richer during and after the War while the poor remained at the same levels. Besides, there was also overload production in the agricultural and industrial area, and nowhere to ship these excess items to. Finally, the stock market came crashing down and the result of all of these was the Great Depression.
There were quite a few events that resulted from the Depression such as having a vast amount of unemployment in America and an increase in poverty and hunger levels across the country. The Great Depression soon went into a huge financial and economic crisis that swept across the whole world. Though the Great Depression brought a negative impact towards many Americans, there were some positive events that occurred as well. One of these was the election of the Democrats to power in the 1932 elections. Another was the programs known as the New Deal created by Franklin D. Roosevelt to overcome the effects of the Great Depression. The New Deal would put together to bring the country out of the fall because Roosevelt planned to aim at lifting the economic condition of the country and brings it back to normal, like in the pre-Depression days. He tried to end the runs at the banks by declaring a banking holiday. Besides, he also allowed a number of programs funded by the federal government directed at the sectors worst hit by the Depression – there...