Black Tuesday: The Rise Of The United States During The Great Depression

The Great Depression lasted from 1929 to mid 1940s. It was a time of misery and suffering for everyone around the world. The stock market crash caused millions of people to end up without a job and hungry. Up to 7 million people worldwide lost their lives. This devastation made many families start over and begin again.

The Great Depression- The Great Depression was one of the worst times for the Western Industrialized World, when it came to its economy The depression originated in the U.S, after a fall in stock prices that began around September 4, 1929. Cities were hit hard, especially those dependent on heavy industry. The Great Depression affected anybody that was indebted. Some countries affected; Canada, Germany, Great Britain. Not everyone was affected in the same way during the Great Depression. Many of the rich weren't affected at all but the poor couldn't do anything about it. Thousands of homeless families camped out on the Green Law in New York City, which was an empty reservoir during the Great Depression. During the 1930s, manufacturing employees earned about $17 per week. Doctors earned around $61

After October 29, 1929 stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Within three hours the market had lost $11 billion in values. During the 1920’s the stock market and it’s investors enjoyed a streak gains, with the overall value of the stock market increases by four times the value. From September to October, the stock market had lost more than $30 billion dollars in value, remember this was in the 1920’s. The U.S stock market crashes on Black Tuesday.The Wall Street Crash of 1929, also known as Black Tuesday October 29, the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the U.S history, when taking into consideration the full extent and duration of its aftereffects.The crash

“At one point in the Depression, the cupboard was literally bearing of money.” What effect did the Great Depression have on the people who lived through it? The jobs they had, how they had to use their money, and the help they had to get.

Few Americans in the first months of 1929 saw any reason to question the strength and stability of the nation's economy. Most agreed with their new president that the booming prosperity of the years just past would not only continue but increase, and that dramatic social progress would follow in its wake. "We in America today," Herbert Hoover had proclaimed in August 1928, "are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us."1

In the 1930s, several economic, political, and environmental factors caused Americans to lose hope of a future beyond the extreme circumstances in which they had to survive. America prospered during the roaring ‘20s, but the stock market crash of October 1929 set off a devastating chain of events; banks and factories closed and one out of every four Americans found himself unemployed. The sudden economic collapse began the era of the Great Depression, in which millions were jobless by 1933 and countless others wandered the country in search of work, food and shelter. “The core of the problem was the immense disparity between the country’s productive capacity and the ability of the people to consume” (Nelson). The economic downturn coupled

During the Great Depression millions of families lost their jobs, homes, and depleted their savings in both urban and rural areas. In 1930, 15 million people became

Unemployment was one of the biggest impacts on the depression. Millions of people lost jobs. Forty percent of factory workers, and sixty-seven percent of construction workers were unemployed in Ohio alone (Stock Market Crash of 1929). In the country, unemployment went up twenty-five percent, wages went down forty-two percent, economic growth went down fifty percent, and world trade went down sixty-five percent. In the cities, factories and businesses got rid of a large number of employees or closed down altogether. Cities were not the only ones who felt the impact of the depression. Farmers faced low prices for their products, and many people still could not afford the farmer’s products, resulting in farm foreclosures across the United States.

This time was known as the Great Depression, where many people lost their savings and jobs. The economy at this time period was described as stagnant. Many businesses and industries slowed down production(In the 1930s more cars were scrapped than were made) and some even came to a complete stop, having to shut down entirely. There were more than 12 million who lost their job only by 1932, a 22% incline of unemployment rate from the previous decade. Hundreds of thousands of people became homeless, as the jobs that were still around had low average wages.

Everyone was affected during The Great Depression, however not everyone was affected the same way. Many of the rich felt no impact and were oblivious to the sufferings of others around them. Forty percent of the country never faced any hardship and the unemployment rate fell below fourteen percent in 1941 and in 1933, Toledo, Ohio’s had reached 80 percent, and nearly ninety percent of Lowell, Massachusetts was unemployed.

During the highest intensity of the Great Depression, nearly 15 million Americans were unemployed (“The Great Depression.” History.com). The Great Depression was an economic downturn that began with the stock market crash in 1929, affected various types of Americans, and ended with the help of projects created by the New Deal.

The great depression was a drastic decline in the world’s economy that resulted in mass unemployment and widespread poverty that lasted from 1929 – 1939. During the great depression, a lot of males were unemployed and females had to serve as breadwinners to their families with the little job they had, “in 1931 one in four wage-earners were

The Western Industrial world was in one of the deepest and darkest times during the Great Depression. The Great Depression had started in the year of 1929 and lasted ten years, where it finally ended in the year 1939. This time had all started when the stock market had crashed in the year of 1929. When this occurred everyone started to panic because they knew that the investments and spending would decline tremendously. As these companies were taking hits they started to lay off their employees and then there was a rise in unemployment. By 1933, they had stated that anywhere from 13 to 15 millions of people were unemployed.

The map below shows you the unemployment rate during The Great Depression at 25 %, if you look at the map again right before The Great Depression it was only 2 to 4% unemployment rate. There was major rise of unemployment, because of the massive layoffs by manufacturing companies after the stock market crash.

The great depression was one of the worst economy issues we have ever had in history. It was a hard time for everyone. The great depression started in 1929 till 1939. Tons of banks closed down and about 9 million savings accounts were lost. Tons of companies and factories went under. About 15 million people were unemployed.