how did the great depression change the way of the american people
The Great Depression had a profound impact on the American people, changing the way they lived and thought in many ways:
1. Economic struggles: The most significant effect of the Depression was widespread economic hardship. Millions of people lost their jobs, their homes, and their livelihoods. This experience taught Americans to appreciate the value of hard work, savings, and financial stability.
2. Change in government role: The Depression led to the growth of government as it enacted laws and programs to aid the struggling population. The New Deal was an example of this governmental intervention.
3. Social welfare policies: Social welfare policies were instituted to help the needy. Social Security, a federal program that has provided retirement income to millions of Americans, was born during this time.
4. Consumerism: The consumerist culture slowed down as people learned to be frugal. People changed the way they shopped, and companies had to adjust their marketing strategies.
5. Shift in political beliefs: The Depression polarized a nation and led to a rise in extremist political views, especially among individuals affected by the crisis.
6. New attitudes towards debt: Americans learned to live within their means and save for the future. Many people avoided personal debt, learned to save more, and created emergency funds for tough times.