“You have to remember that the hard days are what make you stronger.” This quote by Aly Raisman might have helped those affected by the Great Depression. The great depression was an atrocious event that left many in poverty with some elites barely able to make it by. The worst part was that no one expected that to happen. This was a lesson to be prepared for anything and everything.
The day was October 29, 1929. It was referred as “Black Tuesday”. Everything seemed like a normal day. Parents sent their kids to school and adults went off to work. Some in particular, were working in the stock market. The stock market is a place where people buy stocks in order to earn profits. The stocks range up and down. In October, the stocks on the New York Stock Exchange were increasingly falling. Hence, on Tuesday, the stock finally crashed. That day wreaked devastation, as billions of dollars were lost as many people lost their life savings and fortunes.
Because of this, the
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The textbooks commemorate that event and how it helped create programs that we still use today. Students should know what happened in their country before their time. Students should know how those people might have felt when they thought their lives were razed. If they understood what those people had to go through, they would understand that they could make the bright side out of any situation.
Given these facts, the quote by Aly Raisman supports the topic of the Great Depression. If we remember what we go through, we can use our experience to help us. The United States has been through a lot of triumph and pain and looking back at it shows how strong the country is. The Great Depression was indeed a depression. It puts something in our history’s possession. In that possession is our past. Soon comes the future that will come in a blast. We should always remember our past because we become strong with what it gave to
Many consider the Great Depression a tragedy but few actually know the ways in which it actually affected the people who lived through it. One way it affected the people of the time is the hopelessness it brought. During the early 1920's many men returned from the "Great War" jaded and angry. The same effect was seen in most people during the depression. It was this hopelessness that spawned modernist literature and thought. Another way the depression affected the everyday man was the loss of homes. Many homes were foreclosed during the depression and this left many homeless. In fact the "Okies" were people left homeless after farm foreclosures. The last way the depression affected people was the broken homes it caused. The number of father's leaving their families rose dramatically during
In Document 3, by New York Times, October 29, 1929, stated that, “Stock prices slump $14,000,000,000 in nation-wide stampede to unload; bankers to support market today.” On October 29, 1929, a panic overcame the markets, being called Black Tuesday. The stock market catastrophically dropped in value by $16 million dollars––nearly one-half of the market’s pre-crash value––and almost all companies’ stock was affected by Black Tuesday. In Document 2, John T. Raskob, former executive, General Motors; Chairman,
The Great Depression had a huge impact on society and many economic causes to go along with it. But, what mattered the most was how they got through it. Upton Sinclair once stated, “The remedy [the Great Depression] is to give the workers access to the means of production, and let them produce for themselves, not for others… the American Way.”
These many reasons were the stock market crash, bank failures, unemployment, economic policy, and drought conditions. On October 24, 1929, the stock market dramatically decreased at the opening of the bell. “At first, economists and leaders thought this was a mild bump, perhaps merely a correction of the market, or in any case, no worse than the recession the nation suffered after World War I.” However, on October 27, 1929, also known as Black Tuesday, the market crashed and many Americans lost billions of investment. Therefore, many investors halt any money flow.
On October 29, 1929, the stock market crashed due to the overuse of credit that was available to the general public. This day is known as "Black Tuesday” since it was a dreadful day for all of the Americans. This was the start of the crisis even though it may seem like it isn't since only one event occurred. However, this event was a game changer in the 1920s and 1930s. The crisis caused the unemployment in the country to rise drastically.
The Great Depression was the perfect breeding ground for fear and chaos. The United States was drastically impacted, and no one could escape its wrath! The Great Depression not only affected the nation’s economy and way of life, but it also had a huge impression on people’s beliefs and attitudes. Life was a daily struggle, and Americans had to adapt and cope during hard times. People feared the unknown and had to be very resourceful. A landmark trial made headlines because “riding the rails” became a popular means of transportation.
In conclusion, the Great Depression was a downside of America’s history. But, in the dark times, one of our nation’s best presidents came into light. Franklin D. Roosevelt once said “the only thing we have to fear is fear itself”. This meant in those times that Americans were doing more harm than good. When they withdrew their stocks and money from the banks, they were causing more damage to the economy. With shutting down the banks and getting congress together, they were able to solve the dilemmas of the Great Depression through actions taken by federal and state
On October 29, 1929, also known as “Black Tuesday”, was a day in history no one will ever forget. It was the day the stock market crashed.
The Great Depression can be considered the true test of American resilience. Americans faced many adversities and struggled to make it through each day. The Great Depression did not begin on one single day, but was something that had been stirring for many months prior. The day of the stock market crash, October 29, 1929, everything came to head and from that day on America was thrust into a terrible economic depression which would take over 10 years to recover from (Gitlin 58). The economic depression did not occur overnight but was series of events which accumulated in the recession of the economy. Once America entered World War I, it was thrust into a time of prosperity, but as the end of war came closer so did an end to the good times (Gitlin 8). Soldiers were coming home expecting to collect the benefits of the war, which everybody else had received but instead were faced with the prospect of being unemployed and the start of the economy 's downfall. The problem was although the war was over, the mass productions still continued to flood the market. Producers continued to manufacture goods at wartime levels, leading to a surplus of products in circulation and thus forcing the prices to drop (George 14). The time after World War I became known as one of the most difficult times in American history. Many Americans were unemployed and struggled to provide for their families. But on September 1, 1939, Germany
The Great Depression has to one of the most “Depressing” time that America has ever been through thus far. I say that because that specific event hit directly at home and pretty much everyone was affected. At the end of this event many changes in organization of government and relief/recovery efforts for unemployed people. President Roosevelt sought out to help this people, creating new organizations made specifically for a certain help. Under his rule the entire government had went through a type of renovation through his efforts.
In the first source, “Remembering the Great Depression” starts by saying how the Great Depression started and what people had to go through. “The Great Depression was a difficult time in American history. Banks closed, companies went out of business, and people lost their jobs and homes. It took many years for the country to recover.” When the stock market crashed and the Great Depression
Hayes stated “The memories of the Depression left deep emotional, psychological, and physical scars on a generation of Americans.” (Hayes) Realizing what our ancestors went through, can really make people think about all of the things that they have. They went without so much. Today, society is greedy and selfish.
The Great Depression was hard and full of suffering but when you take a closer look that time period gave us a lot of things that helped make the united states what it is today. America in the 1930’s was like a yoyo. There were some inevitable downs but the hard times ended and we always came back up. The decade long financial crisis showed us how to change our economy with a positive impact. People respond to change with adversity and creativity. Adversity provides new opportunities to learn and advance. The Depression brought our nation together and set us with a common goal in mind; fix our nation.
Franklin D. Roosevelt stated in his second inaugural address that “The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” The Great Depression was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. The U.S. could not emerge from the pit of a national crisis without profound social and cultural changes. This era affected people through spending cutbacks and unemployment, but also brought the American people closer to their
“Growing up in a time when all you worry about is if your family will be able to make it through to the next day is definitely a very scary and difficult time to live in” (Vonder Haar). My great-grandpa had this to say to my grandpa about growing up during the great depression. For many people in America from the 1930s to 1940s, life was a constant struggle. The people living in the Midwest, especially St. Louis, knew much too well how difficult it was to live through the great depression. When great-great grandpa first came to St. Louis from Germany he purchased a farm. From that point on, my family struggled to maintain the farm that would still exist today. Many people were affected by the great depression. Throughout the time period before