greatest depression in the US was a sudden social and economic shock for the whole country.She gave birth to a whole new level of poverty, crime, unemployment and other similar derivatives of social tension.Such a comprehensive crisis of the state and society were extremely unprepared because the previous period in 1923 was very prosperous phase of rapid economic growth and prosperity.
Causes of the Great Depression of 1929-1933
This rapid and seemingly cloudless growth already in 1929 began to slow down.In August, around the United States began to decline slowly main indicators of production.But then begun economic slowdown has not received significant attention.It is believed that the greatest depression of all the years of existence of the United States began with the stock market crash on October 24 the same year.On this day, shares of the stock exchanges started to fall dramatically, first in domestic and then on the international market.This day has been named by the Americans after "Black Thursday."The causes of these events later economists have identified a number of cumulative factors: among them, and excessive production of goods - overproduction and excess as a consequence;investment in some industries beyond necessity (the emergence of the so-called bubble);a sharp increase in the number of population, which has led to a shortage of money.
difficult years
Great Depression of 1929-1933.covered all spheres of public life, she brought a catastrophic decline in the state's economy.Heavy industry, construction, agriculture and a range of other manufacturing industries were almost completely stopped.The widespread fall in operating results, and also accompanied by a decline of mass layoffs, are in the midst of the crisis reached the tens of thousands each week.In 1932, a quarter-bodied citizens across the country have lost their jobs.The great depression, of course, accompanied by a fall of social guarantees of the state.The decline in demand for the products of farmers led to mass ruin this category: by 1932 the ninth year there were already more than a million impoverished households.
New Deal
Herbert Hoover's government has failed to deal with a comprehensive fall of the economy, production and social standards.In 1932 he was elected President Franklin Delano Roosevelt, who proposed a set of measures to overcome the crisis.In fact, the policy of Roosevelt's New Deal included a number of measures that have been associated with a certain deviation from the positions of liberalism and tangible strengthening of the state role in the economy and manufacturing.The Government has announced support for farmers, measures to stabilize the financial system, providing social guarantees for workers, funding for the agricultural sector, some of the actions of antitrust nature, for the sake of revival of competition and the acceleration of the economy, stricter procedures for banks, government loans, which resulted in only the most viable to stay afloat.The great depression in the history of the country gradually began to decline.However, its impact was reminded of himself until the beginning of World War II the won.
