Great Depression in the United States has become an economic and social shock to the country, has created new categories of poverty, unemployment, crime, and other derivatives of social tension.The state and its citizens proved the more unprepared for it due to the fact that the previous stage in 1923 was considered at the time a period of prosperity and economic growth violent.This rapid and seemingly cloudless development was replaced in 1929 by the decline of the US.Depression has begun since August 1929, when all over the country began to slowly shrink performance.However, while this economic slowdown has not received due attention.Absolute reference point of such phenomena as the Great Depression in the United States, is a stock market crash, when shares in the domestic stock exchanges, and later in the international market began to fall catastrophically.Beginning this fall - October 24, 1929 - Americans later called "Black Thursday."October 29 came the stock market crash on Wall Street.Among the reasons for this phenomenon of modern economists call a combination of factors, including overproduction of consumer goods and the formation of too much surplus capitalists invest in production in excess of any required (the so-called bubble), a sharp increase in population, lack of money and so on.
during the Great Depression
ensuing crisis has affected all spheres of public and social life.He brought catastrophic damage to the economy.Construction, heavy industry, agricultural industry and a number of other industries were almost completely stopped.The decline and widespread decline in production was accompanied by mass layoffs, reaching tens of thousands per week.By 1932, 25% of able-bodied citizens become unemployed, not to mention the total number.In such circumstances, of course, fell and wages and social security in the country.The fall in demand for farm products led to their massive devastation: affected about one million households.The fall of the economy and the growth of social tension continued until 1932, when it was re-elected government of Herbert Hoover, unable to cope with a difficult challenge.His successor, Franklin Delano Roosevelt at the very beginning of his administration announced a new policy of the state, called the New Deal.Then the Great Depression in the United States began to decline.
New Deal
This program included a series of anti-crisis measures related to some departure from the liberal positions and strengthening the state's role in the economy and production.The New Deal was manifested in the support of farmers, ensuring social guarantees for workers and the fight against unemployment, the nature of antitrust actions in the industrial sector, tightening the process of obtaining government loans to banks, as a result remained a viable and a number of other measures.
World crisis
However, one should remember that the Great Depression in the United States soon spread to the rest of the world, making the end of the twenties and thirties, in one of the most difficult periods in world history of the XX century.Industrial production has fallen so much that was actually dropped to the level of the beginning of the century.A difficult economic situation in Germany in the early thirties was a direct consequence of his coming to power of the National Socialist Party of Adolf Hitler and the related results.
