America's Dark Days: The Great Depression

The great depression was an event that impacted the U.S in a very drastic way. It caused many to lose their jobs, therefore losing wealth. It was a long lasting economic crisis during 1929. Lasting until 1940s. It started the beginning of involvement from the government to the country’s economy and also the society altogether. The government wanted to find ways to end this. After almost a decade of prosperity and high optimism , the U.S is now faced to a period of despair. Many had to recover from this downfall and it was hard for them. No one was ready for this event known as Black Tuesday. The Great Depression impacted the americans and cause 20 - 25 million of americans to become unemployed and banks came to fail. The great

This source discusses the great crash of 1929. The year 1929 saw the peak of the roaring ‘20s which was known as the “Bull Market” and the stock market collapse that led to the Great Depression. This source also discusses how one third of the U.S. workforce was unemployed which is also a reason for

When the stock market crashed, many were left homeless and unemployed. Many started building houses out of scraps and unwanted materials (Paul). Hoovervilles were then created as they were the only form of shelter some people had. Living in Hoovervilles were very unsanitary (Newsela). Many families did not have the resources to build a hooverville, so many crowded in with family. “Hooverville shanties were made of cardboard, glass, lumber, tin and whatever other materials people could find.” (Newsela). Because of that, many of the hoovervilles were torn down by police or destroyed by the weather. The

On Thursday, October 24, 1929, United States witnessed it’s first national crisis when the stock market crashed. It was eight months after former President Herbert Hoover was elected. The Great Depression caused a myriad of changes in American economic policies and society, many of which linger to this day. In the onset of the Great Depression many American were shocked into poverty. The Great Depression challenged American families in major ways, placing great social, economic and psychological strains. Many ethnic minorities like Mexican Indians, American Indians, and the African Americans fared rather poorly.

During Hoovers presidency, the world experienced black Tuesday which was when the stock market crashed and was the beginning of the great depression. More than ten billion in stock market revenue vanished in a matter of hours. That is equivalent to ten times as much in today’s world. Soon, the United States and, indeed, the entire world found itself in the grip of the Great Depression, the economic disasters in modern history. Even before 1929, signs of economic trouble had become evident. Southern California and Florida experienced frenzied real-estate speculation and then spectacular busts, with banks failing, land remaining undeveloped, and mortgages foreclosed (3). The highly unequal distribution of income and the prolonged depression in farm regions reduced American purchasing power (1). A crash of such epic proportions truly changed

In fact, it was called the Roaring 20’s. The United States prospered during these times- assembly lines provided more manufacturing jobs available, wages increased by twenty-two percent and some owners like Henry Ford started paying the workers extremely well. The stock market had become a huge part of the economy. How could anything go wrong, right? Well, here’s how- the boom in the stock market caused people to buy on margin. But then, one ripple in the stocks caused confidence in americans to fall. On Monday, October 28, 1929, everyone tried to sell their share of stocks. The following day, Tuesday, October 29, 1929, everything crashed. This day became known as ‘Black Tuesday.’ This was the cause of the deepest and longest-lasting economic downturns in American history, which is now known as the Great Depression. There were two main reasons why the stock market crash occurred: overproduction and high import tariffs worldwide. This caused everything to crash. Banks closed due to their own speculation in the market, companies went out of business, and unemployment shot through the roof, rising to twenty five

Many during and not during the time of the Depression remember that this was one of the worse things that America has faced. Before the Depression took place and tortured the land where families lived. Some had a milkman, iceman, and city-water. The made a very cool system in my opinion of how to get ice from the iceman. They would have a four cornered black-and-white cardboard sign. When the iceman came this cardboard sign would tell how much ice the wanted. Some kids had to go down with a wagon full of things to buy some ice. Other kids went to get whatever their family needed.

In the United States there has been times of economic hardships for Americans. One of those hard times was during the Great Depression. This place in history was when agriculture, the banking system and our nation’s purchasing power was in turmoil. For many farmers droughts had taken a toll. Their farms were turned in large dust bowls and growing crops was almost impossible. The banking system was very volatile because of bad investments. Many of the banking institutions had invested a lot of money in the stock market and loaned businesses money in which they invested into the stock market. The stock market crashed on Black Tuesday in 1929. Billions of dollars were lost on this day. The conditions of the Great Depression called for some new

In the Roaring Twenties, people were trying to get rich and have fun. A lot of people poured their money in stock markets, but it backfired. The stocks crashed; this began the Great Depression. This was the worst depression we’ve had yet, it affected more people from higher class to lower class. A depression is a time of decline in business activity accompanied by falling prices and high unemployment. The start of the Depression is usually pegged to the stock market crash of “Black Tuesday,” Oct. 29, 1929, when the Dow Jones Industrial Average fell almost 23 percent and the market lost between $8 billion and $9 billion in value. But it was just one in a series of losses during a time of extreme market volatility that exposed those who had bought stocks “on margin” — with borrowed money.

America has been around for many years and during those years people of America have experienced horrible times and fantastic times. There were the world wars, and there were the roaring twenties when America was the fastest growing. After the roaring twenties the American economy took a turn for the worse. After such a prosperous decade, when America went into the depression people were not ready for such a drastic change. Many people didn’t understand how it occurred, but now we have a better understanding of what happened.

It is crazy to think about how far the world has come in its developments, especially those taking place for over the past century. In areas such as the government, education, and specifically technology, a number of American people would likely agree that they are astonished by the radical changes taking place in every aspect of our world. What we must ask ourselves though, is are we satisfied with the improvements made? In other words, at what point must development reach in order to provide contentment to those affected by it? If asked this question, the typical response of a person would include where they stand on the subject and where they picture its modifications bringing it to. The real problem here, however, is that it does not

The Great Depression was the worst economic downturn in the history of industrialized world. People wouldn’t pay back their loans, thus the banks went bankrupt. This happened to over 100 banks and millions of dollars were lost. All of these events lead up to the Stock Market Crash of 1929. The leader of the country during this unfortunate time was Herbert Hoover who did absolutely nothing to support his people, thinking that it wasn’t his place to do so. Americans were furious when they heard about this but they couldn’t do anything to convince the government to help them. Throughout the years, the economic industry in America had gotten worse. From 1929 to 1933, unemployment rates increased by over 10 million and Americans struggled to survive. It wasn’t until America elected a new president, Franklin Roosevelt who created the New Deal in 1935, where the economy was recovering. The New Deal was a group of U.S government programs of the 1930s.

A major event in American history that has shaped society today is the great depression that began in 1929 and ended in 1939. The official day the stock market crashed was a a day known as “black Tuesday”. At the time, the American government was not prepared nor did they have policies in place that made them well prepared for such an event to take place. This unfortunate event threw Americans into a an economic crisis unlike any event experienced before in history and left millions of hardworking Americans in a state of poverty and misery for nearly a decade.

For more than a decade, from 1929 to 1940, America’s economy failed to operate at a level that allowed most Americans to attain economic success. A worldwide depression struck countries with market economies at the end of the 1920s. Although the Great Depression was relatively mild in some countries, it was severe in others, especially in the United States. The Great Depression left the American economy in ruins with problems that would take decades to fix. Government involvement increased in an effort to reconstruct our recession stricken economy.

Black Tuesday, what seemed to have started it all. On black Tuesday, which is more commonly known as the Crash of 1929 was a day where billions of dollars were lost. The Wall Street investors shared 16 million in one day. This was tragic for them. This was the beginning of The Great Depression.