Great Depression of the 1930s Term Paper

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Industrial workers were probably less affected by the depression than African-Americans or the elderly (Temin, 27). They often did not have much extra money with which they could invest in the stock market, so most of them didn't have much to lose when it crashed (Temin, 31). They might have lost a little bit when it crashed, but they still had jobs to go to. Industry had to go on, regardless of what the rest of the country was doing (Temin, 35). These workers were building things that the country had to have, so their jobs were fairly safe (Temin, 36).

Even though such a large segment of society was affected by the Great Depression, many history texts and other literature make it sound as though everyone suffered greatly. This is not entirely true as there were many people, such as the industrial workers mentioned previously, that did not have money in the stock market and did not lose their jobs when the market crashed and the Great Depression began (Christiano, Motto, & Rostagno, 1127. This does not mean that the depression of the 1930s should be made light of. It was a very serious time in history.

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It is necessary to remember, however, that not everyone in the country suffered and the market eventually recovered. Only those that took their own lives really lost that much when all was said and done, but there were many people that did suffer financial losses, and it took these people a long time to recover what they had lost. Those that had a lot of money to invest in the market were the hardest hit, and many of these people lost their large homes and many of their assets. Some fear that this kind of market crash and depression could actually happen again.

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