The great depression

The great depression was a huge tragedy that caused the unemployment rate of the United States of America to increase in a way nobody would ever imagine. It also maked the government to get involvedin the economy and the society as a whole. The Great depression involved many things; from local business, to huge business that were made with other countries. United States were global power, so iftheir economy was por, other countries who has business with them, were also going to be affected as you´re going to read forward in this essay.People in America were desperate, some of them had losteverything, even their family. President Roosevelt son needed to start working on somthing to make up what Hoover did wrong.



As I said before, not only the United States were affected, alsoother countries among Europe like germany and France. Germany was paricularly hitten very hard by the great depression. After WWI, Germany had to pay for the cost of the war, as stated by the Treaty ofVersailles, but they did not have Money, so what they did, was to start printing bills, which lately engaged them into hyperinflation. This made their Money, and the citizens savings worthless. Theyhad trade with many countries, including United States, but with the inflation, their trade reduced. Also the Smoot-Hawley Tariff Act, imposed in the united States, prevented Germany form selling theirgoods in foreign markets. France was also affected by the Great Depression. The stock market crashed in 1929, but France did not feel the effects of it until 1932. The main reason for this is theundervaluation of the French Franc. This started to a decrease on exports that led to a increase on its imports. Mainly, the decrease on exports was cause because of the bad economic situation around allthe world, basically because of a combination between the Great Depression and the post-effects of WWI. As you can see, The great Depression was a conflict that had consecuences worlwide, and...