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Essay / American Culture and Lifestyle During the Great Depression one way or another. Many factors could explain why the Great Depression occurred, but there is no definitive list of reasons that caused the Great Depression. It was a mix of events in and outside the United States that likely led to this period. The main reason that everyone could agree on was the Wall Street Crash event of 1929. Because of the crash, people embarked on a banking panic that caused thousands of banks to close because they just didn't have all the money for everyone. people wishing to withdraw their savings. Because everyone was trying to withdraw their savings, most people were turned away by the bank and essentially lost their savings in the bank. The banks were going bankrupt and because they had no money left, it prevented them from offering credit to people, which made the situation even worse for people. This leads people to poverty and being left with nothing. Because people were poor and afraid to spend their money now, they stopped buying extra things that were not essential to life. This was the cause of unemployment rates during this period, because if no one was buying anything, there was no reason to keep extra workers for things people weren't buying. In addition to everything happening in the United States of America, the Tariff Act of 1930, or the Smoot-Hawley Tariff Act, which increased tariff rates on almost everything that was imported from other countries at an extremely high percentage, which has led to a decrease in exchanges between the medium of paper. .....involve everyone. They could escape all the turmoil and turmoil they face with the economy. Another way the family came together for entertainment was through the radio. If anyone could afford the radio, it would be worth it, as it would then provide an almost inexhaustible supply of entertainment. With radio, there was always music, but there were also other programs on the radio that people could listen to. There were comedians who broadcast radio shows for everyone. The women could listen to soap operas and the rest of the family could listen to famous stories such as The Lone Ranger and The Green Hornet. And the men listened to sports matches. Works Cited Gup, Ted. A secret gift: How one man's kindness - and a trove of letters - revealed the hidden history of the Great Depression. New York: Penguin Press, 2010
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