The Great Depression

From: Georges AbdallahTo: Mrs. Reem-Al Kadi

What is the great Depression

The Great Depression was a vicious worldwide economical misery during the period of World War II. It began in most countries in 1929 and ended at early 1940s . This crises had many serious causes that led to many devastating effects.

Economical Causes Within The U.S.

Now a days, the Great Depression is commonly used as an example of how far the world's economy can decline. This economic depression started off in the U.S., as the market has crashed in October 29,1929. That day was known as (Black Tuesday).

U.S. Economic Policy with Europe

As businesses began failing, the government decided to create a policy called “Smoot-Hawley Tariff” in 1930 to help protect American companies. This policy stated that everything imported requires a high tax which leaded to less trade between America and foreign countries.

Economic Effects of the Depression

The Great Depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices sunk, while international deals dropped by more than 50%.

Health Effects of the Crises

Starvation was a serious health problem that led to “Tuberculosis” an infectious bacterial disease characterized by the growth of lump. Health care was directly related to incomes and with up to 25% of the population were unemployed.

Conclusion As a conclusion the great depression was an economical misery. This misery had many causes leading to many effects. It caused starvation, diseases, and 25% of the population unemployed.