People were enjoying a very prosperous time before the Great Depression. It is the longest and the strongest period of Depression which the Western world has ever experienced. As a result, economies were subjected to decreased foreign exchange. It is one of the worst and longest years of low business activity in the USA.
When the Great Depression was coming to an end and the economy was trying to turn around, jobs started opening up and a new wave of immigrants came into New York, the Puerto Ricans.
PBS 's American Experience documentary, Riding the Rails, tells the story of theteenagers who left their homes to ride the freight trains. After this paper, world trade fell greatly, the companies could not supply anymore, and trade had no chance not to fall.
The depression stirred severe effects in the U.
Factories, plants, stores were shut down around the country from California to New York, a lot of workers lost their jobs and ability to live. Hoover made many noteworthy attempts to try and solve this crisis, yet in the end it was President Roosevelt and his "New Deal", that brought many Americans hope for the future.
Japan and Latin America suffered less. The great depression was one of the worst economy issues we have ever had in history. Although many years after Many homes were affected by this tragedy and many families were broken as a result of it.
This culminated in the banking industry overspending and due to inflation, the banks considerably raised their lending rates leading to global market supply deficiency.