The Great Depression in The USA Essay Sample

In conclusion, the Great Depression was a major economic downturn that had a significant impact on the United States and the rest of the world. The stock market crash of Wall Street was a major cause of the depression and the inability of the economy to pay off the debt. The situation continued to get worse over the next three years, with unemployment reaching 15 million and farmers unable to afford to harvest their crops. Franklin D. Roosevelt was elected President in 1932 and took immediate action to address the country’s economic woes. The economy began to improve in 1933 and continued to improve until 1938, when a sharp recession hit. The effects of the Great Depression can still be seen in today’s world.