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Great Depression
Social Studies, Grade 6
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Study Guide Great Depression Social Studies, Grade 6
THE
GREAT
DEPRESSION
What
was
the
Great
Depression?
In
the
1920’s,
the
United
States
was
in
good
economic
shape.
World
War
I
created
a
need
for
more
goods
and
the
citizens
had
money
to
pay
for
the
goods.
People
were
also
investing
money
in
the
stock
market
and
the
economy
was
doing
well.
In
1929,
investors
began
to
sell
off
their
stock,
which
caused
the
stock
market
to
crash.
People
were
not
paid
back
their
investments
and
lost
money.
Businesses
and
factories
closed
down
because
no
one
could
afford
to
buy
the
products.
Many
workers
lost
their
jobs.
This
was
the
beginning
of
the
Great
Depression.
Other
nations
were
affected
from
the
Great
Depression.
The
United
States
citizens
had
invested
money
in
Europe
before
the
stock
market
crash,
but
they
could
not
afford
to
keep
doing
this.
Factories
closed
down
and
trade
decreased,
leaving
people
overseas
without
jobs.
President
Roosevelt
wanted
to
help
the
American
people
and
save
the
economy.
He
created
the
New
Deal
to
do
this.
The
New
Deal
programs
helped
Americans
get
back
on
their
feet.
The
New
Deal
created
jobs
and
social
programs
to
help
people
who
needed
them.
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