Impact of the great depression

It was still the Depression. And these are facts. Unemployed men felt like failures as a result of their inability to provide for their families. Pure re-distributions should have no significant macroeconomic effects.

With the rise in violence of Nazi and communist movements, as well as investor nervousness at harsh government financial policies. As a result consumer demand fell even further. Fromhowever, countries began to leave the standard, leading to its total collapse by Many women also worked outside the home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer.

So once the American economy slumped and the flow of American investment credits to Europe dried up, prosperity tended to collapse there as well. 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.

The Great Depression: Social, Psychological, and Cultural Effects

Thus the unequal distribution of wealth throughout the s caused the Great Depression. In their view, much like the monetarists, the Federal Reserve of which was created in shoulders much of the blame; however unlike the Monetariststhey argue that the key cause of the Depression was the expansion of the money supply in the s, of which led to an unsustainable credit-driven boom.

At least in part, the Great Depression was caused by underlying weaknesses and imbalances within the U. It held the economy produced more than it consumed, because the consumers did not have enough income.

Families were evicted from their homes. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. It naturally had disastrous consequences, but it brought about certain positive changes, too.

Perhaps the major positive aspect of this legacy was the idea that the economic security and welfare of the family should be a fundamental national goal.

Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries condensed "trade and exchange restrictions only marginally": Alcoholism increased with Americans seeking outlets for escape, compounded by the repeal of prohibition in As historian Lizabeth Cohen has demonstrated, CIO unions came to emphasize family life, especially family-oriented social and recreational activities, as a means of enhancing solidarity [Image not available for copyright reasons] among the diverse ethnic and racial groups involved in the CIO.

Real output and prices fell precipitously.

What Were the Social and Psychological Effects of the Great Depression?

To be sure, this idea was imperfectly realized in the New Deal welfare state, which often discriminated against women wage-earners and relegated the families of blacks and other nonwhites to second-class status. Again, however, the issue of female dominance in many black families is more than simply a story of the "disorganization" of the black family.

48e. Social and Cultural Effects of the Depression

Pauline Kael a well-known film critic, was a college student at the University of California at Berkeley during the Depression. In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment.

Social Effects of Class separation: It affected both countries that exported raw materials and the industrialized countries. Some families, of course, were not affected by major economic deprivation during the s, but even among those that were, many were able to maintain relatively "normal" patterns of family life—with the father securely positioned as the head of the family and relatively harmonious relationships prevailing within the home.

The Depression hit hardest those nations that were most deeply indebted to the United States, i. At this point governments either introduced exchange control as in Germany or devalued the currency as in Britain to stop further runs.

Often they updated strategies their mothers used when they were growing up in poor families. In Europe, the Great Depression strengthened extremist forces and lowered the prestige of liberal democracy.

Turn on your speakers and enjoy. 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.


In many economically deprived families, children suffered from malnutrition and inadequate clothing. Social Impact of the Great Depression By United States industrial output had been cut in half. One fourth of the labor force--about 15 million people--was out of work, and there was no such thing as unemployment insurance.

Social Effects of the Great Depression: Impact & Consequences The Social Effects of the Great Depression encompassed the social consequences of the prolonged economic stagnation of the Great Depression ( - ) and a dramatic change of many beliefs, customs, practices, behaviors and lifestyles.

As we have just discussed the causes of the great depression we must assess the human costs of the depression and the impact it had on many Americans.

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 Octoberwhen the stock market in the United States crashed.

The Great Depression challenged American families in major ways, placing great economic, social, and psychological strains and demands upon families and their members. Families of various class, ethnic, racial, and regional backgrounds, exhibiting various styles of marital and familial relationships.

Effects Of The Great Depression. The Great Depression caused a myriad of changes in American society and economic policies, many of which linger to this day.

Click here for facts about the effects of the Great are some of the primary effects of the Great Depression: Stock Market And Banking Regulations.

48e. Social and Cultural Effects of the Depression Impact of the great depression
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